Posts by Mandi Woodruff
Mandi Woodruff at Yahoo Finance 23 hrs ago
No matter how many lectures kids get about the value of a dollar and how hard Mommy and Daddy work to put a roof over their heads, there are still reminders of money and the wonderful things it can buy around every corner — and we’re not just talking about a few toy commercials in between cartoons. The Internet, especially social media, has opened a whole new avenue for young minds to be exposed — in both good ways and bad — to the reality of money and the world of haves and have nots.
As a father of a tween himself, New York Times columnist and author, Ron Lieber, noticed that most parents he knew all seemed to share one common fear: raising a spoiled child. So Lieber set out to figure out exactly how parents can teach their kids to respect and understand how money works, without feeling entitled to it. The result is his new book, " The Opposite of Spoiled ," released in early February. (Watch our interview with Lieber here.)
“Why do you ask?”
Mandi Woodruff at Yahoo Finance 1 day ago
When “Daily Show” host Jon Stewart announced his pending departure from the show earlier this month, he probably had no idea he was about to revitalize the debate over the "Lean In" movement.
First, a recap: After Stewart's announcement, some fans of Daily Show correspondent Jessica Williams took to social media and even created an online petition to get her in the anchor seat. Williams, 25, politely denied rumors on Twitter, saying she was "under-qualified" for the job. Then, the blogosphere erupted. A writer took Williams' tweet and ran with it, accusing her of being yet another female victim of imposter syndrome, a condition that makes people question their ability to take on a new role. Williams didn't appreciate the diagnosis.
Learning to ‘lean back’
Managing Imposter Syndrome
There is no one-size-fits-all answer.
Mandi Woodruff at Yahoo Finance 2 days ago
Just a few months ago, thousands of former interns who said they were underpaid -- or not paid at all -- settled a $5.8 million class action lawsuit with Conde Nast.
Perhaps they should have interned at Facebook instead.
The social networking giant has topped Glassdoor.com’s annual list of the 25 best internships in the country for the second year running. The social networking giant is among many corporations in America that are turning the idea of a traditional bottom-rung internship upside down.
Just look at what they’re paying. Facebook interns earn more than $6,000 a month on average, according to Glassdoor. Specialize in software engineering, and you could up your pay to nearly $7,000. (It’s important to note that these numbers are estimates, as Glassdoor bases its findings off of self-reported wages.)
“ [We] are working on very interesting problems, which actually affect more than a billion people. You also learn a lot from people around you.” — Facebook intern
Mandi Woodruff at Yahoo Finance 3 days ago
It’s a good thing we don’t have to pass a test on the U.S. tax code to get a job — a lot of us would probably be out of work.
Financial education company NerdWallet recently put more than 1,000 adults to the test with a 10-question quiz on basic tax information. The average quiz-taker failed abysmally, answering just 5 out of 10 questions correctly.
“The U.S. tax code confuses the average American,” says Shiyan Koh, general manager of NerdWallet’s Ask an Advisor , where consumers can ask experts tax-related questions. “And that confusion can be costly.
How do you think you would score? Take the tax test here.
Mandi Woodruff at Yahoo Finance 8 days ago
If you, like many workers today, have your paycheck deposited electronically, it may have been a while since you actually took a minute to look at your pay stub. And if you have checked it out recently, did you really understand everything on it?
Here's a rundown of what all those numbers and abbreviations mean:
Gross pay . Gross pay can be kind of a letdown. It’s the biggest number on your check because it’s the money you earn before anything is taken out for things like taxes and insurance. Womp womp.
Net pay: Net pay is what you actually get to take home. It’s your gross pay, minus deductions. For example, if your gross pay is $2,000 and you paid $400 in taxes, benefits and other deductions, that would make your net pay $1,600.
YTD : You’ll see this abbreviation a lot on your pay stub. It just means year-to-date. So if you get your paycheck on March 1, your year-to-date earnings will reflect everything you’ve earned since Jan. 1.
1.45% of each paycheck goes to Medicare and another 6.2% goes to Social Security.
Mandi Woodruff at Yahoo Finance 8 days ago
If women want to kill it the salary negotiation table, they have to learn to stop apologizing, says Mika Brzezinski .
Beginning in April, the MSNBC host and author of the bestselling book, “Knowing Your Value,” will launch a five-city conference tour aimed at coaching women to thrive in their careers.
The one-day conference, which kicks off in Philadelph ia, will feature Brzezinski with cameos by the Today Show’s Hoda Kotb and Vogue contributing editor Andre Leon Talley. At each event, Brzezinski and a rotating roster of experts will offer strategies on how to overcome common workplace roadblocks. Their primary focus: mastering the negotiating table.
“As women, we sometimes apologize for everything,” says Brzezinski. “And it’s the most self-destructive, undermining trait we can bring to the negotiating table. It costs us in dollars and cents .”
Mandi Woodruff at Yahoo Finance 9 days ago
Women, too timid to take control of their finances? A Newark, N.J.-based financial educator is on a mission to turn that tired stereotype on its head.
In January, Tiffany “The Budgetnista” Aliche, a former schoolteacher-turned-self-made-financial-guru, launched the Live Richer Challenge , a 36-day free virtual boot camp aimed at offering 10,000 women tools and tips to get their finances on track. By the end of the five-week challenge, more than 11,000 women had signed up, collectively eliminating more than $150,000 worth of debt. With the savings goals adopted during the challenge, Aliche estimates they will save an estimated $1.6 million by the end of 2015.
Aliche has been working to educate women about finance since she lost her own job during the height of the Great Recession. It was around that time that she began offering advice on her blog and released a self-published budget tutorial called “The One Week Budget,” which includes the same strategies she used to dig herself out of a financial hole.
Mandi Woodruff at Yahoo Finance 15 days ago
Sunday, Feb. 15, is the last day consumers can enroll in Obamacare health coverage if they want their plans to become effective by March 1, 2015. Nearly 1.4 million Americans have enrolled in new plans through the federal exchange since open enrollment began in November, according to the Department of Health and Human Services.
As new insurers plan to enter (and, in some cases, leave) the marketplace while others tweak their benefit offerings for 2015, now is the time for consumers to review their plans to make sure they’re properly covered.
Whether you’re already enrolled in an Obamacare plan or decided to take a pass on insurance coverage this year, the following tips will help guide you through the enrollment process.
“You’ve got to shop around,” says Jennifer Sullivan, director of the Best Practices Institute for Enroll America , a nonprofit that helps consumers sign up for health coverage. “Even if you want to stay in your plan, you still have to go back to the marketplace and update your information.”
1. Check your mail.
Mandi Woodruff at Yahoo Finance 16 days ago
Here's how to use some savvy investing strategies to improve your love life:
Look for a good return on investment: Before you start looking for your perfect match, you’ve got to know what you want first. Is this a long-term thing or short term ? And what kind of returns on investment matter to you most in your significant other? A good job? Maybe a mutual love of reality TV? Be honest with yourself about what YOU need. And keep this in mind -- they may not have every quality on your list right now, but that doesn’t mean they don’t have good long-term potential. And if you realize you’re actually losing more than you gain by hanging around them, then your next move is simple: Buh-Bye.
Check out more money tips from Mandi:
Mandi Woodruff at Yahoo Finance 17 days ago
Ask any veteran professional what mistakes you should avoid throughout your career, and chances are they could easily come up with at least a dozen.
Don’t be a jerk. Don’t be late. Don’t forget to network. And for heaven’s sake, negotiate.
But let’s get real — nobody is perfect. At some point in your career, you will likely trip up at least once or twice (or more, sadly). Accept it. Own it. And, comfort yourself with this knowledge: when you do finally make a misstep in your career, it isn’t impossible to bounce back.
With some guidance from two rockstar career consultants, we’ve come up with some tips to help you recover from common career mistakes:
Whoops. I was too chicken to forgot to negotiate.
We know negotiating a job offer is essential to laying the right foundation for your career. But more than half of Americans admit that they take the first salary their employer offers, according to a recent survey by Payscale.
You’re too afraid to “cheat” on your job.
You became the office pariah.
So, how do you repair your reputation? Slowly and strategically.