Your Money Crasher Minute: Mo Eggs, Mo Problems

Welcome to this week's edition of your Money Crasher Minute [MoneyCrashers Logo] Having trouble viewing this email? [Click here]( [Weekly Hero Image](#) In this week’s newsletter: -  Wells Fargo changes gears - JPMorgan Chase gets played - A crazy-expensive toilet - And more [Kelly Ernst headshot] Kelly Ernst Managing Editor Quick Market Price Check Last updated: January 13, 3:30pm EST 19.85% Average Credit Card APR 0.22% Average Savings Account APY 6.72% 30-Yr Fixed Mortgage Carrying Too Much As prices continue to rise and wages continue to stagnate, more and more Americans are turning to credit cards to make ends meet — and it shows. [Almost half (46%)]( of credit card users carry a balance from month to month. With interest rates approaching record highs, this spells serious trouble. The longer you carry a balance, the more [compound interest]( you rack up. Charging an expense now is a quick fix, but it can cost Future You dearly. If you’re one of the 46% still holding on to credit card balances, consider one of these [methods to pay down your debt]( once and for all. [man crushed under credit card.jpg] Noping Out of the Mortgage Market If you’re looking for a mortgage, you may have one less option to choose from soon. Wells Fargo, the third largest U.S. mortgage lender, is [changing its strategy]( to focus on lending to existing customers and minorities. The change comes in response to rising interest rates, similar steps by competitors, and a shift to being more risk-averse after a [series of scandals]( shook public confidence in the bank. What does this mean for mortgage borrowers? Not as much as you might think. There are still plenty of lenders out there to choose from. In fact, Wells Fargo doesn’t even make our list of the [top mortgage lenders](. Banks: They Get Scammed Just Like Us If you’ve ever lost money on a sus product on Craigslist, take heart; even the big guys fall prey to scams sometimes. When JPMorgan Chase bought the financial aid website Frank, it thought it was getting access to over 4 million consumers. Instead, it quickly realized Frank’s founder had [invented millions of fake accounts]( to make the platform seem more valuable than it was. Now, JPMorgan Chase has shut down the site, which it paid $175 million for. Suddenly, that $30 you lost on nonexistent concert tickets doesn’t seem so bad, does it? [businessman burying head.jpg] And Now for Something a Little Lighter... Take a break from serious dollars and cents with these stories from the more random corners of the internet. - I Wish I Was an Oscar Mayer Spokesperson. Attention graduating college seniors: Not sure what you’re going to do for work? If all else fails, consider becoming a [Hotdogger](. The one-year paid position allows you to "see the country through the windshield of the Oscar Mayer Wienermobile." I suppose there are worse ways to earn a buck. - Products for People With Too Much Money. Got $8.6K lying around and not sure what to do with it? Perhaps you need an insanely expensive smart toilet. The [Numi 2.0]( from Kohler ups your bathroom experience with ambient lighting, a built-in speaker system, and a self-cleaning function, among other features that still don’t seem fancy enough to be worth that much money. - Capitalizing on Eggflation. You’re not imagining it — the [cost of eggs has skyrocketed]( lately. Maybe it’s time for a [creative side hustle](  [egg money.jpg] [Twitter Logo]( [Facebook Logo]( [Instagram Logo]( [Pinterest Logo]( Sent to: {EMAIL} [Unsubscribe]( Money Crashers, LLC, 1887 Whitney Mesa Dr #3030, Henderson, NV 89014, United States