Labor Day is a United States federal holiday that was developed in the 19th century to acknowledge the social and economic achievements of working Americans. According to the US Department of Labor, the holiday "constitutes a yearly national tribute to the contributions workers have made to the strength, prosperity, and well-being of our country."
There's nothing not to love about holidays that cause our employers to lock the office doors. Hopefully all of you hard-working girls are spending the day with your feet up and not catching up on work during your day off. Are you taking time for yourself today or will you be attending to some work issues?
Spending hours surrounded by co-workers every day and sharing space means we only have a certain amount of privacy at work. Sometimes people will nosily look over your shoulder to get a glimpse of the action on your screen, and I've found that often co-workers are more guilty of this than bosses. Do you feel like your colleagues respect your privacy?
It's time to test how much Savvy knowledge you retained this week. Find out how closely you've been paying attention when you take this quiz. Not feeling confident? Just do a quick review — all of the answers can be found in this week's posts.
Because 70 percent of you are dealing with student loans, a Motley Fool article called "Die, Student Loan, Die!" caught my eye. The article has some good tips on how to assess whether you should focus on putting more money toward savings or more toward student loans. Here's what they say you should consider when deciding whether or not to pay off student loans early.
Pay off ASAP if you're stuck in a high-interest private student loan, but sit on it if you're locked in a low, fixed-interest rate.
If the the interest you're paying is not tax deductible, pay off the loan ASAP.
Pay off immediately if you have enough cash to pay off your loans and still have money left over to start your emergency savings account.
Sit on your student loan if you have other higher-interest debt. Compare the interest rates on all of your debts to determine which should be paid down first.
Stores are doing their best to motivate shoppers to spend their hard-earned money over the long Labor Day weekend which is, a bit ironically, in recognition of hard-working Americans.
The National Retail Federation has projected that some retail categories will have stronger sales figures than this time last year, thanks in part to the higher-than-usual discounts some stores are using as bait. Are there any particular store sales you plan to check out, or will you be holding onto your moolah this weekend?
Labor Day is a United States federal holiday that was developed in the 19th century to acknowledge the social and economic achievements of working Americans. According to the US Department of Labor, the holiday "constitutes a yearly national tribute to the contributions workers have made to the strength, prosperity, and well-being of our country."
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