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Thursday, August 26, 2021

The Daily Money: $30K profit after 1 year in 🏠

In today's Daily Money newsletter, we have insights on the housing market, credit scores and the new Flamin' Hot Mountain Dew soda. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 
usatoday.com

The Daily Money
 
Thursday, August 26

Good morning, Nathan joining you this Thursday!

As an "older millennial," I'm old enough to remember Princess Diana. Which is why I'm floored to see how much Kristen Stewart resembles her in these photos of her upcoming movie, "Spencer."

💰 The Daily Money is USA TODAY's Monday-through-Friday-morning roundup of all things personal finance, business and tech. If this email was forwarded to you or if you found it online, you can subscribe for free here!

On to our ... 

💡 INSIGHT OF THE DAY: You've probably heard it said that homeowners need to stay in their home for three to five years to ensure they don't take a loss on closing costs, commission fees and renovations. But that's not a hard-and-fast rule. This story documents someone who sold the house she bought for $235,000 for $282,000 after one year of ownership, booking a $30,000 profit when factoring in the aforementioned costs. But keep in mind: You need to keep the house for at least 12 months before flipping it, otherwise you'll be subject to short-term capital gains taxes.

📰 And here are more stories you won't want to miss:

1. Are your credit scores different? Know when to investigate and when to leave them alone.

2. Black homeownership has suffered a setback during the pandemic: Late payments are taking a toll.

3. Breaking up or getting divorced? Here's how to remove your ex from your digital life.

4. Who asked for this? We don't know. But Flamin' Hot Mountain Dew is here anyway.

The soda has a "unique blend of spicy and classic sweet citrus flavor" of Mountain Dew, PepsiCo says in a statement.

I didn't know such a combination was even possible. And now I'm scared.

--@NathanBomey

If you have fallen out of love with your house and want to sell but don't need to buy another right away, you may not need to stay in it for three years just to break even on your mortgage.
How long do you need to stay in a home to break even on your mortgage?
The three-year rule, usually excellent advice, wasn't the case for one homeowner in today's red-hot market. Read on to learn why.
Black homeowners struggled to pay mortgages during the pandemic
A real estate agent handing keys over to a young f
Why you shouldn't worry if your credit scores are all different
Although a major overhaul is difficult to pull off
Flamin' Hot Mountain Dew is coming: PepsiCo's 'most provocative'...
Starting August 31, Mountain Drew will release the
It's really easy to hack modern cars — and it's already happening
A Jeep Cherokee winds up in a dtich after hackers
Delta Air Lines to charge unvaccinated workers $200 monthly
A Delta Air Lines Airbus A350 flying over mountain
Could working from home hurt your career?
The COVID-19 pandemic has changed our perceptions
How to make the most of a mediocre employer retirement plan
Written retirement plan lying on a desk next to a
McDonald's has stopped serving milkshakes in the UK
McDonald's has unveiled its next celebrity meal, T
Starbucks adds Apple Crisp Macchiato to fall menu
Starbucks has added the Apple Crisp Macchiato to i
 
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