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After months of being unable to splurge on things like a vacation or even a night at the movies, experts say many Americans have hit a point of “frugal fatigue.” In fact, a new report by Comscore Inc. shows impulse spending is at the highest ever.With store closures and in-person shopping concerns, many consumers have moved more of their spending online. On average, they’re now spending roughly 25% of their discretionary income there.“When people are cooped up at home, there’s the tendency for impulse buying,” said Greg McBride, the Chief Financial Analyst at Bankrate.com.“I think the pandemic has moved us forward seven years in the last seven months, in terms of certain trends particularly towards digital,” he added.While online shopping has been around for a long time, McBride explained that in the last seven months, more retailers have gone online. Those already there have invested significantly in making their shopping experience easier and more convenient, so that people could spend more and more often.An easier online shopping experience eliminates the "old buffer" of someone getting in their car, driving and browsing around their favorite stores. The old way provided time to reconsider a purchase or how much to spend.“The tendency for emotional or impulsive purchasing can be really devastating towards your financial goals and unwind a lot of progress you may have otherwise already made,” McBride added.A little impulse spending won’t hurt, but these numbers are concerning some experts like McBride.“It’s really important to identify what is your trigger? Is it sadness, is it boredom, is it 'Keeping up with the Jones?’” he said. “Then developing strategies that can distract you from that.”Two simple strategies he suggests are, first, do not show up without a list or only shop for specific item. This goes for in-store shopping and, especially, online.Secondly, you should set a personal threshold for spending and impose a 24-hour waiting period for purchases above that threshold. It recreates a buffer and gives you time to sleep on the financial impact of bigger purchases. That impact could be more significant during this pandemic. 2179
Additionally, our district works hard to ensure that students who qualify for free and reduced lunches receive them. We have Family Support Specialists on staff whose primary jobs are to reach out and help families in need. It is important to us that students have positive experiences in the lunchroom and all areas of the school. For that reason, we will continue to look into our practices and come up with solutions that work for our students and families. 469
According to multiple reports, President Donald Trump ended his "60 Minutes" interview with host Leslie Stahl abruptly on Tuesday after talking for about 45 minutes.In a series of tweets, Trump said he would release his interview with "60 Minutes" before it airs on Sunday.The president also shared a behind-the-scenes video of Stahl not wearing a mask while at the White House."I am pleased to inform you that, for the sake of accuracy in reporting, I am considering posting my interview with Lesley Stahl of 60 Minutes, PRIOR TO AIRTIME! This will be done so that everybody can get a glimpse of what a FAKE and BIASED interview is all about," Trump tweeted. 667
A Ypsilanti teen says he worked hard to buy the car of his dreams, only to find out the car he had bought from a man on Craigslist was registered as stolen. Daniel O’Bryan has been balancing high school and his job at a grocery store for the past two years. He saved up enough money to buy a 2008 Trail Blazer from a man on Craigslist. O’Bryan and his family thought through their research. “My husband checked all three spots on the car to make sure the VIN number matched with the title that the gentleman had, and everything came back fine there were no red flags or anything,” O’Bryan’s mother, Kathy O’Bryan said.It was not until they had taken the car to the Michigan Secretary of State that they found out the car was listed as stolen. The rightful owner of the car is Sal’s Auto Parts out of Detroit. The owner said he lent the car to a business partner at M&G Repair, and the car was stolen outside the workers' Allen Park home. “Probably the most hurtful part was seeing my car being towed away and I didn’t even get to drive it yet,” O’Bryan said. O'Bryan says the man who sold him the car is not returning his calls. A spokesperson for the Michigan Secretary of State provided these tips for buying a car offline: 1283
After initially being deadlocked on a vote to certify election results, The Wayne County Board of Canvassers voted unanimously to certify election results Tuesday evening. The motion to hold another vote came following hours of public comments condemning Republican canvassers' decisions to vote against the certification.The board of canvassers vote initially tied 2 to 2 along party lines. But just before 9:30 p.m. Tuesday, the board filed a motion and voted to certify the results under the stipulation that Secretary of State Jocelyn Benson does a comprehensive audit of the election in the county.President Trump also tweeting praise to canvassers who initially blocked the certification, saying "Wow! Michigan just refused to certify the election results! Having courage is a beautiful thing. The USA stands proud!"There has been a whirlwind of unproven allegations of fraud and a string of lawsuits since the election two weeks ago. The canvassers' initial vote came after many Detroit precincts were found to be out of balance.That means the number of votes are not in line with the number of voters. However, the variance is said to be small with no evidence of fraud or systemic failure. 1206