Tuesday,
September 24, 2024
Market recap
Dow Jones
42,124.65
+61.29 (+0.15%)
S&P 500
5,718.57
+16.02 (+0.28%)
Nasdaq
17,974.27
+25.95 (+0.14%)
Top Story
Gold just passed another major milestone. Hereās why
Thereās a new gold rush, and it has propelled the yellow metal to record highs. We dive into how we got here and where we might be going.
US stocks finished higher on Monday
• The Dow Jones Industrial Average and S&P 500 both climbed to new record closes.
• U.S. manufacturing activity contracted more than expected in September, according to preliminary estimates of S&P Globalās Purchasing Managers' Index. However, the services sector notched its strongest quarter since 2022.
Hereās what to be on the lookout for today
• July home prices from Case-Shiller.
• Weāll also get the Conference Boardās survey of consumer confidence for September.
• In earnings, AutoZone will report.
Why everyoneās talking about loud budgeting
We have a lot of demands on our budgets, so it’s OK to say no.
Being transparent about why we are declining that dinner reservation or last-minute trip is exactly what “loud budgeting” is all about. This money-saving technique focuses on speaking up when something doesn’t fit into your budget or financial plan.
Prioritizing your financial wellness by saying “I can’t afford this right now” or “this doesn’t fit in my budget” can help prevent overspending and keep you on track to hit your goals.
Get and stay loud
Find other loud friends. Everything's easier when you do it with friends. And that includes budgeting. It can be easier to stick to financial goals when others are following the same mindset.
Get organized. It can be hard to keep track of multiple savings goals. The key is to get and stay organized. Create different categories based on the time you have to meet the goals and then allocate savings.
Leave some room for fun. Budgeting takes discipline, but don’t be overly strict. Designating some funds in your budget for things like going out and traveling can help you stay motivated.
Todayās top stories
Itās never too early to start preparing for retirementExplore our collection of articles and guides to help you in your planning.
Read more >> Are mutual funds good for retirement?Mutual funds can hold stocks, bonds, short-term debt, and other types of security. Here are some of the pros and cons to consider when building your retirement portfolio.
Read more >>Other news that caught our eye
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Kroger’s pending acquisition of grocery giant Albertsons could raise food prices for consumers, Lina Khan, Chair of the Federal Trade Commission, said on 60 Minutes, as the deal awaits a final ruling in its antitrust trial.
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The Biden administration proposed a ban on smart vehicles with Chinese or Russian components, citing national security concerns.
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An ammonia-powered tugboat began its maiden voyage on the Hudson River, a step toward more sustainable shipping.
Financial planner tip of the day
āItās not glamorous, and it is the last thing that so many people want to do on their precious weekends, but tracking spending is essential to financial wellness. There is real truth to the saying āWhat gets measured gets improved.ā Thereās no way to fix problems like overspending without understanding exactly what goes in and what goes out.ā
Brian Walsh, CFPĀ® at SoFi