The Daily Money: 'Revenge spending': 💸 Don't do it

In today's Daily Money newsletter, we have insights on Elon Musk's views on cryptocurrency and a trend called "revenge spending." ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

The Daily Money ALL THE MONEY NEWS YOU NEED TO KNOW   Friday, May 7 Good morning, Daily Money team, it's Nathan wishing you a happy Friday! 🤳 By now you may have heard about Apple's new Airtags. They've gotten a lot of hype, but do they really make life easier? On to our ...  💡 INSIGHT OF THE DAY: Becoming a millionaire on a $50,000 salary isn't easy. But with enough time, you can do it: Investing $500 a month over 35 years with an annual 8% return will get you there. 📰 Here are more stories you'll want to see: 1. Tesla's Elon Musk has been hinting at his love of dogecoin for months. But today he urged investors to be careful with cryptocurrency. 2. Is there a chicken shortage? Here's how COVID, the chicken sandwich war and chicken wing demand are affecting restaurants. 3. After recalling all of its treadmills, Peloton is issuing a software fix. 4 The Kidde TruSense Smoke Alarm is being recalled. See the details here. 5. What's "revenge spending"? It's making up for lost time in 2020 by over-indulging in 2021. Don't do it. I don't know. Getting revenge on 2020 sounds like a pretty sweet proposition to me. --@NathanBomey Avoid 'revenge spending' your stimulus cash How can you invest stimulus money wisely? Think twice if you're planning to use a big chunk of stimulus cash to pay off college debt. Musk: 'Cryptocurrency is promising, but please invest... How to Retire With $1 Million on a $50,000 Salary Gannett revenue down, but digital subscriptions up Smoke alarms recalled for fire risk Bar owner sold fake COVID vaccine cards for $20,... Is there a national chicken wing shortage? Housing in America: First-time buyers miss out Real workers debunk myths about Pennsylvania minimum... Stocks edge higher as tech gains offset healthcare...   FOLLOW US Problem viewing email? View in browser Unsubscribe • Manage Newsletters • Terms of Service • Privacy Policy/Your California Privacy Rights • Privacy Notice • Do Not Sell My Info/Cookie Policy • Feedback © 2021 USA TODAY, a division of Gannett Satellite Information Network, LLC. 7950 Jones Branch Drive, McLean, VA 22102