Tag: spending

There are two COVID Americas. One hopes for an extension of federal unemployment and stimulus. The other is saving and spending.

It’s been a rough few months for Chelsie Caudle.

The mother of two has run into delays applying for unemployment and food stamps in Portland, Oregon, after Grace Salon, a hair salon that specializes in cutting and coloring, was forced to shutter in March when the coronavirus pandemic hit. 

Caudle, who is self-employed, sublet a spot at Grace Salon to run her own business called Benjamin LLC. But with no income coming in for months, bills piled up, making it hard for her to afford groceries for her family, she says. 

“I’m panicked. I’ve run through my entire savings,” says

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‘Someone needs to help parents control their kids’ spending’

The BBC’s weekly The Boss series profiles different business leaders from around the world. This week we speak to Louise Hill, founder of GoHenry, a banking business that provides debit cards for children.

Standing on the touchline as her son played football, Louise Hill started moaning about how her kids’ spending habits were spiralling out of control.

At the time her son was eight and her daughter was 11. Louise was so frustrated by how much they were buying online that she would pin Apple invoices to the fridge door to help her kids understand why their £4 a week

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