The startup Bstow wants to make donating dollars easier than ever. The startup enables users to round-up on any bill and give the spare change to the charity of your choice.
Jason Grad is the CEO of Bstow. Grad joins Cheddar to explain how Bstow is taking the guesswork out of donating.
With Bstow, a user links their credit card or debit card to the platform. Then, whenever a transaction is made users have the chance to round up their bills and donate the spare change to the charity of their choice.
Bstow is a free platform and their goal is to make giving as easy as possible. Bstow does not have a platform fee, and this enables users to give their money without losing.
Chair Jerome Powell says the Federal Reserve only expects to cut rates once in 2024. But at least, as one economist says, ‘rate hikes are off the table.’
With the Fed likely set to leave rates unchanged, lower and middle income Americans will continue dealing with higher credit card interest and expenses.
Markets soared in May after Nvidia’s Q1 success, but concerns over slowing consumer spending, especially among middle—and lower-income groups, loom large.
