Money is often a leading source of conflict for couples due to a fear of financial communication. That is why John Hancock is out with a new app to help ease the communication and planning around saving and spending money.
Steve Dorval is the head of innovation at John Hancock. He joins Cheddar to talk about their new app and why couples have such a hard time with finances.
Dorval explains that many individuals are fearful to save and talk about money on their own, so when it comes to doing so with a partner, they often have even greater difficulty. John Hancock wanted to create an app that simplified this process.
Dorval shares some saving hacks. He says couples should pick something and then just get started. Pick a goal that you are emotionally invested in. A lot of couples get started by saving for a mortgage or their dream vacation.
Domino’s Pizza reported a 7.1% revenue rise to $1.1B amid value meal competition and inflation. Q3 may slow, with caution on growth and consumer spending.
Vanguard's "How America Saves" report analyzes U.S. retirement trends, focusing on 401(k) plans, including automatic enrollment and contribution rates.
Amazon says it had its best Prime Day sales event ever this week with $14.2 billion spent online on Tuesday and Wednesday, up 11% compared to last year.
