*By Carlo Versano*
Does your bank account spark joy?
With Marie Kondo fever sweeping the nation, her tidying method has led to the purging of countless dressers and kitchen cabinets. But the theory underpinning the so-called KonMari method can extend to your finances as well.
Committing to the Marie Kondo method tends to have an immediate effect on your spending, said Julia Glum, a reporter for Money who has written about Kondo and her new Netflix ($NFLX) show.
Just by looking at every purchase through the "does it spark joy" lens tends to put things in stark relief, she said. "It can cure you of irresponsible spending."
By taking stock of every single thing you own, it will become clearer that you don't actually need that next thing you see on Instagram.
"If you have five pairs of black jeans, the next time you go to the store, you're not going to buy another pair of black jeans," as Glum put it.
KonMari acolytes also say that they become obsessed with clutter and not buying repeat items.
The method can even help you make a few bucks if you decide to re-sell things you've purged on sites like Craigslist, Facebook Marketplace, or Poshmark, or through second-hand stores.
One of the major tenets of KonMari is aggressively tackling paperwork. Glum recommends setting aside time to focus exclusively on organizing all the financial papers in your home. Start by thinking you won't keep anything, she said, and work backwards, saving only the necessities. Then scan and digitize all the paper statements that are worth saving. Something as small as throwing out old bank statements can do wonders in re-framing your mindset around the purchases that matter to you, but it takes some discipline.
"You don't want to backslide," Glum said.
For full interview [click here](https://cheddar.com/videos/how-marie-kondo-can-spark-joy-into-your-bank-account).
Stephen Kates, Financial Analyst at Bankrate, joins to discuss the Fed’s 25-basis-point rate cut, inflation risks, and what it all means for consumers and marke
Big tech earnings take center stage as investors digest results from Alphabet, Meta, Microsoft, Amazon, and Apple, with insights from Gil Luria of D.A. Davidson
Disney content has gone dark on YouTube TV, leaving subscribers of the Google-owned live streaming platform without access to major networks like ESPN and ABC. That’s because the companies have failed to reach a new licensing deal to keep Disney channels on YouTube TV. Depending on how long it lasts, the dispute could particularly impact coverage of U.S. college football matchups over the weekend — on top of other news and entertainment disruptions that have already arrived. In the meantime, YouTube TV subscribers who want to watch Disney channels could have little choice other than turning to the company’s own platforms, which come with their own price tags.
President Donald Trump said he has decided to lower his combined tariff rates on imports of Chinese goods to 47% after talks with Chinese leader Xi Jinping on curbing fentanyl trafficking.
Universal Music Group and AI platform Udio have settled a copyright lawsuit and will collaborate on a new music creation and streaming platform. The companies announced on Wednesday that they reached a compensatory legal settlement and new licensing agreements. These agreements aim to provide more revenue opportunities for Universal's artists and songwriters. The rise of AI song generation tools like Udio has disrupted the music streaming industry, leading to accusations from record labels. This deal marks the first since Universal and others sued Udio and Suno last year. Financial terms of the settlement weren't disclosed.
