💸 Money Cheat Sheet: What’s an F-You Fund?

Plus: the 4-1-1 on student loan forgiveness.  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 
 
Ellevest
What the Elle logo
 

This week’s money mood: talk to the F*ck-You Fund️

Ever since writer Paulette Perhach first introduced the internet to the concept back in 2016, we at Ellevest have been obsessed with the idea of a F*ck-You Fund — aka savings that make it possible to walk away from what doesn’t serve you. Because while there are plenty of reasons a vulnerable person wouldn’t be able to leave a bad situation, nobody should be trapped or exposed to harm just because of money.

This week, we’ve got a full breakdown of what, exactly, a F*ck-You Fund is and how to build one. (Plus — unrelated, but not to be missed — everything you need to know about Biden’s student loan forgiveness plan.)

Tell ’em byeeee,

Deedi Brown, she/her
Senior Editor

 
Dollar bills with the words F*** YOU FUND on them. Illustration.

Why You Need a F*ck-You Fund

Plus, a handful of useful answers to your questions, like: Isn’t this just an emergency fund? Where should I keep my F*ck-You Fund? And how much should I save?

ALLOW US TO EXPLAIN >

Collage: a circular photo of $1 bills, a climbing line graph over a circle, a plain circle, an upward arrow, balanced scales, and a pie graph.

Let that money pile comfort you

The whole point of a F*ck-You Fund is to know it’s there — so we made you a list of pros and cons for the five most common places to save for your goals.

WEIGH YOUR OPTIONS >

 

F*ck-You Fund

A savings pot you build up specifically so you can walk away from the things that hurt you or hold you back, be they people or environments (or both).

 
An open envelope with a paper sticking out, a money purse with a dollar sign on it, and a graduation cap. Illustration.

Here’s what you need to know about Biden’s $10,000 student loan forgiveness plan

Read what’s in the announcement, how to get relief if you’re eligible, and how to prepare for the end of the payment moratorium.

YAY DEBT RELIEF >

 

$$ win of the week

“I left a job where I wasn’t happy, accepted an offer for a new job, and increased my yearly salary by 40%. It’s the most money I’ve ever made in my life, and my job is so much more meaningful now.” 🥺

— Emily, an Elle Raiser from Staten Island, NY

Share your latest money win or accomplishment so we can celebrate you!

 
A pie chart on a computer screen. Illustration.”

See you on Monday? 6 PM?

We’ll bring you the need-to-know basics on crypto and how exactly taxes work with investing.



SAVE YOUR SPOT >

 

To add to your end-of-August scrolling

On the eve of Women's Equality Day, we’re here for what Generation Ratify has to say. (Have 30 seconds to spare? In honor of the day, check to see if you’re registered to vote.)

File under: inflation woes. The total cost of raising a child just clocked in at $300,000. 🍼

The app that helps caregivers find *hidden* savings and some much-needed relief. ❣️

Yes, it’s expensive to be a woman. (Psst: There is one way women can fight back against all of this … invest.)

It’s never too late to look for the helpers. 🌲


 

Start working toward feeling more confident with your money.

 JOIN ELLEVEST 

This week’s newsletter was brought to you while contemplating the clang of a dropped Hydro Flask. Forward it to your friends who are sustainable queens.

FOLLOW US

MAGAZINE

STORE

DISCLOSURES
 
All opinions and views expressed by Ellevest are current as of the date of this writing, for informational purposes only, and do not constitute or imply an endorsement of any third party’s products or services.
Information was obtained from third-party sources, which we believe to be reliable but not guaranteed for accuracy or completeness.
The information provided should not be relied upon as investment advice or recommendations, does not constitute a solicitation to buy or sell securities and should not be considered specific legal, investment or tax advice.
The information provided does not take into account the specific objectives, financial situation, or particular needs of any specific person.
Investing entails risk, including the possible loss of principal, and there is no assurance that the investment will provide positive performance over any period of time.
As of 8/15/2022, Ellevest Membership fees can be found here. Other fees as described in Ellevest’s Wrap Fee Program Brochure and the Ellevest Membership Terms and Conditions Agreement will continue to apply.
 
 
 

Key phrases

Older messages

🙃 Opinionated: Oh Hey, Double Standards

Tuesday, August 23, 2022

Plus: the financials of egg freezing and the perfect way to close out August. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

💸 Money Cheat Sheet: Summer Scaries

Thursday, August 18, 2022

Plus, all the live events happening this week. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

🎾 Opinionated: Can We Talk About Serena?

Tuesday, August 16, 2022

Plus, hundreds of businesses to shop at this Black Business Month (and always). ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

💸 Money Cheat Sheet: Where You Should Save Your $$

Friday, August 12, 2022

Plus, how to save for irregular bills. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

🎯 Opinionated: 3 Pieces of Career Advice

Tuesday, August 9, 2022

… that you won't hear anywhere else. Plus, your top retirement questions answered. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

👟 Nike nixed hopes

Sunday, October 2, 2022

Nike's profit was down 22% | Eurozone inflation hit a record 10% | TOGETHER WITH Hi Reader, here's what you need to know for October 3rd in 3:12 minutes. 🕵️‍♀️ Join Nasdaq's Kevin Davitt

TIME TO START PLANNING FOR THE UPCOMING WEEKS

Sunday, October 2, 2022

UPCOMING ECONOMIC NEWS & EARNINGS ESTIMATES 03-21 OCTOBER ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Longreads + Open Thread

Saturday, October 1, 2022

Coase; Xi; Mr. Beast; AI; Monzo; Trader Joe ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Money's Best Places to Live 2022

Saturday, October 1, 2022

And the best place to live is... ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌

Meet the 5 mentors participating in Insider's first mentorship program for entrepreneurs

Saturday, October 1, 2022

Insider created a mentorship program, in partnership with Indeed, to help five entrepreneurs navigate the challenging labor market. View in browser Business Insider Business Insider Business Insider

‘Inept madness’

Saturday, October 1, 2022

Bloomberg Weekend Reading View in browser Bloomberg Follow Us Get the newsletter The UK is enveloped in a self-inflicted financial crisis. And while its origins go back years, some $500 billion has

Forced liquidation

Friday, September 30, 2022

Bloomberg Evening Briefing View in browser Bloomberg Spiraling losses on Wall Street are now snowballing into forced asset liquidation, according to Bank of America strategists. The NYSE Composite

Makers vs. Takers

Friday, September 30, 2022

Plus: Liability Driven Investment, Mortgage Originators, Credit Suisse ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Amazon rolls out broad-based pay raises for warehouse workers across its fulfillment network

Friday, September 30, 2022

Amazon employees have been agitating for higher pay for years, putting the company under pressure to respond. View in browser Business Insider Business Insider Business Insider Subscribe Business

Wall Street: BlackRock walks the ESG tightrope

Friday, September 30, 2022

The latest in finance. View in browser INSIDER INSIDER Subscribe 10 THINGS ON WALL STREET Hi. Aaron Weinman here. BlackRock's bullish stance on all things environmental, social, and governance has