💸 Throwing away money

What you may not realize is costing you hundreds
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SoFi On The Money
July 14, 2025
 
 
THE SOFI SO WHAT

We Spend Hundreds on Food We Throw Out. How to Cut Waste.
By Debra Cope

Most of us accept that we'll throw away some food (brown bananas, anyone?) But the average person wastes an estimated 256 pounds (!) — $728 worth — each year. A family of four could cover all its household utility bills for eight months with that money.

Food is wasted at every stage of the U.S. supply chain, but almost half of it occurs right in our homes. Making these small changes to your shopping and planning habits can make a big difference. And remember: You don't have to be perfect to get better.

Read more
 
 
5 THINGS TO DO

5 Ways to Cut Scorching Summer Electric Bills
By Ben Kesslen

Between record temperatures and rising utility rates, summer electric bills can be a scorcher to your budget.

In fact, retail electricity prices have risen faster than inflation since 2022, and the government expects increases to continue through next year — even as Americans set new consumption records.

But trimming your usage doesn't have to mean making big sacrifices. Here are five ways to help cut down your costs and stay cool.

Read more
 
 
WEEK AHEAD ON WALL STREET

Obstacle Course
By Mario Ismailanji

After weeks of focusing on broad inflation and employment data, the focus is set to pivot from the macro to the micro: It's the unofficial start of the second-quarter earnings season.

As is tradition, the nation's largest banks and financial institutions will lead the way. These financial giants provide a unique and vital window into the economy, with their results often revealing key trends in consumer spending, loan demand, and credit health.

Investors will be listening closely to what executives say about the path of the economy and the impact of interest rates on their business and their customers, both now and in the future.

The week won't be without new economic data, though. The biggest release will be the latest Consumer Price Index (CPI), a critical measure of inflation that will undoubtedly influence the market's mood.

A hot inflation report would certainly amplify concerns around tariff price hikes, but that doesn't mean that lower-than-expected inflation would be an all-clear signal. There's always the possibility inflation will spike in future months.

An analogy for the market backdrop is that of an obstacle course. Whether it's earnings results or inflation reports, there are many things that could trip up the strong stock market momentum, but the only thing that will truly clear up the uncertainty clouding markets is a resolution to global trade upheaval. That is unlikely to come this week.

Read more
 
 
BUSINESS BITES

Informed investment decisions start with informed insights. Here's what's making headlines:

🍫 Nutella-maker Ferrero agreed to buy cereal icon WK Kellogg (KLG) in a deal valued at $3.1 billion. The Italian family-owned candy giant is looking to boost its U.S. biz. Nutella-flavored Cheerios, anyone? (CNBC)

🔮 The future of Elon Musk's X is murky after CEO Linda Yaccarino abruptly resigned last week after two years at the helm of the social platform. (Axios)

🍿 Conagra Brands (CAG), the packaged food giant behind Slim Jim and Orville popcorn, gave a disappointing profit outlook, citing higher costs from U.S. tariffs. (Bloomberg)
 
 
WHAT WE’RE READING

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Millions of federal student loan borrowers with this repayment plan will see interest begin accruing on Aug. 1. (The Hill)
Read more
 
 
Intel, insights, and inspo for your money.
On the Money cuts through the noise of day‑to‑day financial news to bring you a more thoughtful point of view on what's important in this moment — and how it impacts your bottom line. We value your trust above all.
 
 
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