Today’s bits: How to Make Money on Oversold Flights; You may be able to afford a home in London; No, you can’t beat the market averages, so stop trying; What your cover letter should look like in 2017

How to Make Money on Oversold Flights – The United flight, where the gentlemen as “escorted” off the plane, is getting all the attention this week, but a Delta frequent flyer collected $11,000 simply by allowing herself and her family to be bumped. Airlines work hard to avoid involuntary bumps and with the United video playing to millions, it is likely that they will work even harder in the future. Here’s how to cash in.

Why people in their early twenties will soon be able to buy a house in LondonLondon has been beyond most people’s affordability, but it appears London’s property market might soon be within touching distance, as housing prices are reportedly rising at their slowest rate for nearly five years.

Homes You Can Own for $1,500 a Month – Buying a home could cost you about the same as renting a 1-bedroom apartment. Want more space, but don’t have room to increase your budget? Then these affordable homes are exactly what you’re looking for. They have everything, from formal dining areas and luxurious kitchens to spa-like baths and outdoor retreats. With 20 percent down on a 30-year fixed rate loan at a 3.97-percent interest rate, you can settle into a new home for about $1,500 a month. (Our mortgage calculator can help you estimate your payments.) Get the moving boxes ready, and feel free to order that new piece of furniture you’ve been eyeing. You’ll definitely have the space in one of these roomy homes.

Millennial parents face the reality of baby costs – Millennials make up most of today’s new parents and parents-to-be. Having come of age during the Great Recession and holding more student debt than any previous generation, 18- to 34-year-olds face a unique set of challenges when paying for the first year of parenthood.

Here’s how much the average single American spends on their dating life – If you’re single, you know: Dating is expensive. All those cups of coffee and drinks with strangers add up quickly. The average unmarried American spent $1,596 on their dating life in 2016, according to a Match survey of 5,500 singles around the country. Of course, in some cities the average is higher. For example, in Washington, it was $1,788; in New York, $2,069. It’s not an even distribution, men spend more.

How to Find Balance in Retirement

The percentages of time you would like to devote to those aspects of your life will undoubtedly change as you age. Physical capability will determine how much time you can spend on each. But having those aspects of your life in focus will help in the balance of your time with those activities you enjoy and those you would rather not include. And yes, at that age, you do get to say “no” to many things. You can give yourself permission to say that.

Indexes Beat Stock Pickers Even Over 15 Years – For years, I have mentioned how professional money managers consistently under-perform their associated indices. A new article in the Wall St. Journal indicates that there is new data which supports this claim. This new data shows that 82% of all U.S. mutual funds trailed their respective benchmarks over the past 15 years. No, you can’t beat the market averages, so stop trying.

A Lot of Americans Plan on Working Way Past the Normal Retirement Age – Unless you save enough, you will probably have to continue working we past your retirement age. Do you think you’ll retire at the age of 65? For most, the answer is probably no. In fact, even when Americans retire, a third of them plan to work a part-time job, according to a new Ipsos/USA Today poll. Four percent of Americans plan to have a full-time job during their retirement. Surveying 1,152 American adults age 45-65, the study found that a third of Americans plan to delay retirement until after they are 65-years-old. Twenty-two percent say they will retire between the ages of 66 and 70, and 7% say they will wait until their 70s. Eight percent don’t plan to retire at all. Start saving and investing early. Invest as much as you can. Your future depends on it.

What Your Cover Letter Should Look Like in 2017 – Are you looking for a job? Cover letters are a tough and tricky business. Striking the right balance between formal and conversational—while differentiating yourself from every other job seeker on the market—is no small feat. And the monotony of filling out online applications can make the task downright exhausting. But make no mistake: a stellar cover letter is still a job search must-have, and it could be key to catching a hiring manager’s attention. Here are some tips, and a downloadable cover letter example, to make yours stand out.


image credit: Ludovic Bertron

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