Patience is a, er, paycheck

Tech savvy and patient? You could earn a $400 hiring bonus with this work-from-home job [Image] ThePennyHoarder.com July 22nd, 2019 Brought to you by: [Transcom]( Happy Monday, Penny Hoarder! We know the first day of the work week is busy, so we’re getting right to it today: Let’s talk about how to start budgeting for back-to-school shopping and what exactly a money market account is. But first… Patience Is a Virtue Paycheck Are you equal parts tech savvy and patient? Like, so tech savvy and patient you should probably be getting paid for it? Customer service provider Transcom is [hiring remote technical support agents in 30 states]( to troubleshoot issues with smartphones, tablets and computers. The job requires night and weekend availability, but you’ll work from home earning $11 an hour during training and nesting (the transition period from training to the regular gig) and $13 an hour after that. The company provides the computer — plus, you can score some seriously sweet benefits and a $400 hiring bonus to boot. Dear Penny… “I’m hoping to retire in four years… Here's the problem: My daughter lost her job and cannot pay the student loans I co-signed many years ago… I can take money out of my retirement to pay the school loans, but that will leave very little left for retirement.” Co-signing a student loan is risky business. This week, Dear Penny [advises a reader who wants to retire]( but now has to pay off their daughter’s student debt. It’s a Whole Big Thing Wanna hear something that’s gonna blow your mind on this quiet Monday morning? The National Retail Federation predicts the average U.S. household will spend $696.70 to get their kids ready for the upcoming school year. (And if you’re the parent of a college student, it’s even worse; that number jumps to $976.78.) Take a minute to collect yourself. We’ll wait. You good? Great. The annoying thing is that we all knew this was coming. Just like the holidays or that big vacation you’ve been planning for, like, an entire year. But somehow, someway, we’re always caught off guard when the day actually arrives. It’s like one minute, you’re relaxing on the beach and planning backyard barbecues, and the next, you’re shelling out hundreds of dollars for school supplies and new wardrobes and a grotesque emoji-covered backpack/lunchbox combo because your 7-year-old says the pink and purple floral set she got brand new last year is “for babies.” All of a sudden she’s crying, you’re crying, your wallet’s crying — it’s a whole big thing. So while yes, the start of the next school year has sneaked up on you (we’ll all do better next year, right?!), there’s no time like the present to actually [start setting aside money for back-to-school shopping](. [Image] WORD OF THE DAY Money market account (n): A cross between a savings account and a checking account. It’s primary purpose is saving money — but like a checking account, it can also be used to make a (usually) limited number of transactions. If a checking account and a savings account had a baby, it might look something like a money market account. They have many of the convenient features of a checking account, but they’re designed to help you save money, plus they typically pay high interest rates. If you’ve been looking into alternative options for stashing your cash, you might be interested in opening a money market account — but like all bank accounts, money market accounts have good and bad features. Before you decide if this type of account is right for you, [learn how a money market account really works](. [The Penny Hoarder] [Facebook]( [Instagram]( [Twitter]( [YouTube]( The Penny Hoarder | 490 1st Ave S, Suite 800 | Saint Petersburg, Florida 33701 | United States You can [update your mailing preferences here]( or [unsubscribe]( from all email from The Penny Hoarder. Questions? View our [Privacy Policy]( . Having trouble reading this email? You can [view it online](.