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Monthly Archives: August 2021
Bitcoin, Ethereum and what you need to know about cryptocurrency
You’ve probably heard a lot about cryptocurrency, Bitcoin, and everything in between. Maybe you feel confident and have a complete understanding of what exactly those words mean. But if you’re like most of us and have a vague idea of what this trend is all about, we have you covered. Read on to learn the cryptocurrency basics so you can become an expert, too.
What is cryptocurrency?
Think back to your favorite arcade as a kid. You played game after game, earned tickets or coins, and exchanged them for a prize of your choice at the end of the day. Cryptocurrency works in a very similar way. Essentially, cryptocurrency is a form of payment that is used online in exchange for goods or services. You purchase cryptocurrency with real currency, i.e. your favorite credit card.
How many kinds of cryptocurrency are there?
There are more than 10,000 forms of cryptocurrency. This is because many companies often use their own cryptocurrency, called tokens, that their customers only use for the company that issues them. One of the most popular types of cryptocurrency is Bitcoin, which has been around since 2009. You may have also heard of Ethereum, which proves the second-most popular type of cryptocurrency currently available, called Ether.
You may have stayed out of the cryptocurrency trend, and we can’t blame you. However, it’s probably a good idea to have a basic understanding of what cryptocurrency is and how it may affect you, especially as more and more businesses embrace the digital age and offer cryptocurrency as a form of payment.
Is cryptocurrency better than paying with my credit card?
In some ways, cryptocurrency seems redundant—we already have a way to pay online for goods or services by using a credit card, PayPal, or other money-transacting service like Zelle and Venmo. But the appeal to things like Bitcoin is that, due to the type of security it employs, defrauding or cheating someone is very difficult. This has made cryptocurrency a popular choice for many people who are concerned about having their personal and financial information stolen.
Should I invest in cryptocurrency?
This question has been a popular one for many people as they consider whether they should try to put Bitcoin and other cryptocurrency to work for them and grow their finances. While there are a lot of considerations to be made about this decision, many financial experts warn people to tread carefully before making an investment in cryptocurrency.
Citing concerns like the instability of cryptocurrency, now might not be the time to invest a lot of your money. In 2021 alone, the value of cryptocurrency skyrocketed, only to plummet nearly 50% just a few months later. But if you are interested in learning more about investing to see if it’s a good choice for you, consult a financial advisor before you take any steps on your own.
How do I get cryptocurrency?
You can purchase cryptocurrency through a number of online options. Coinbase is a particularly popular website that allows you to create an online wallet that facilitates the purchasing and trading of cryptocurrency. Be sure to note that some companies require you to purchase their cryptocurrency with other cryptocurrency, so if you are going forward with cryptocurrency, you may want to remember to keep a little extra on hand (or online, in this case).
This seems shady—is it legal?
If you live in the United States, cryptocurrency is 100% legal. But you should know that it’s up to each individual country to decide whether they will allow cryptocurrency to be used as a way to purchase items or services. While cryptocurrency offers extra layers of security for your financial information, there are still plenty of scammers who use things like Bitcoin to defraud users. Even if your country allows cryptocurrency to be used, you should still be aware of who you are buying from and where your real currency is going.
What are the drawbacks?
While cryptocurrency allows you to ensure your personal and financial information is secure, there are some drawbacks. Unlike your credit union or bank, cryptocurrency is not FDIC insured. When a financial institution is FDIC insured, this means that in the unlikely event of a bank failure, your money is protected. With cryptocurrency, you don’t have that guaranteed protection. And, as technology evolves, cryptocurrency can be subject to cybersecurity breaches and fall into the hands of hackers. Cryptocurrency is also managed online, and you may not necessarily know who you’re speaking to—or where they’re located. While that may appeal to some, others may want to know who exactly is handling their finances. With Georgia’s Own, you’ll have peace of mind knowing that we’re safe, trustworthy, and FDIC insured.
When it comes cryptocurrency, the best way to make your decision is stay informed and understand the pros and cons involved. Speak with your personal financial advisor to learn how you can diversify your portfolio while working with your preferred financial institution, get your Google on, and spend some time learning what cryptocurrency can do for you.
15 subscription boxes you should try
Just because you’re staying home more often doesn’t mean you have to miss out—and this is especially true thanks to the recent phenomenon of subscription boxes, which conveniently bring everything you need right to your front door. Wondering if you should try a subscription box and how you can get started? We have the answers you need.
What is a subscription box?
Essentially, a subscription box is a package of goods delivered to your door that cater to a specific need: clothes, snacks, activities, and more. You can sign up for a subscription box, and, for what is usually a monthly fee, you will receive a box each month that contains the items you (hopefully) want or need.
What’s inside the box?
No, we aren’t quoting Brad Pitt. These subscription boxes vary in content based on what you ordered them for—it may be a selection of business-casual work clothes, a STEM-related activity for your child, or a collection of healthy snacks. It’s up to you to decide what company to order from and which guidelines to give for your products.
Do I need this in my life?
It’s your call, but many people find that the convenience of having items shipped directly to them can be very useful, especially as people are at varying levels of comfort when it comes to leaving their homes right now. You should be aware that many of these subscription boxes offer a free trial or give current users free boxes to send to their friends or family, so it might be worth it to try one for a month or two to see if you think the value matches your expectations.
What kinds of boxes are there?
We’re glad you asked, because there are a few. The popular categories include fashion, food, and fun—i.e., activities for kids that offer enrichment and learning opportunities. While the content varies, the basic concept is the same. You sign up for a subscription to the box of your choice, answer some questions about your preferences and desired outcomes, and wait for the first box to arrive. But, since we know that the whole point of a subscription box is the customization it offers, we’ve broken down a few of your choices in each category.
Frank and Oak’s Style Plan: This company combines style with eco-friendly clothing options, offering ethically sourced style options for both men and women.
Stitch Fix: You’ve likely heard of this one, because it was offering subscription boxes before they were cool. You team up with a stylist to select clothing and accessories that are just right for you.
Gwynnie Bee: These stylists offer similar choices to Stitch Fix but take their offerings a step further by curating clothing for a wider variety of sizes, meaning your odds of finding a good fit are pretty high.
Nordstrom Trunk Club: If you’re a Nordstrom fan, this subscription might be just right for you. Trunk Club gives customers the ability to choose from their favorite Nordstrom brands. Bonus: You don’t have to subscribe every month to use the Trunk Club.
thredUP Goody Box: thredUP offers a subscription that is meant to meet a thrifty budget without sacrificing style. You can choose from your favorite brands while still making your wallet happy.
Food & Snacks
Blue Bottle Coffee: Coffee makes the world go round, so Blue Bottle is going to send it right to you. There’s even a free trial.
Hello Fresh: This subscription has gained a lot of popularity for its ease of use and ability to get you out of having to cook dinner every night.
Purple Carrot: If you are a vegan, you will want to check out this plant-based food subscription service. Their website offers a chat feature to answer all of your FAQs.
Candy Club: Do you have a sweet tooth? Then you need to learn more about this box that delivers your favorite sweet treats.
Snack Crate: International snack connoisseurs, this box will allow you to sample some snacks that aren’t in your local grocery store for a truly unique experience.
Amazon Book Box: If your children are avid readers or you just want to expose them to more books, this subscription is worth investigating.
KiwiCo: For the kids who are into science or art, these STEAM-based boxes are full of fun and educational hands-on activities to enrich your child’s school year.
Lovevery: These boxes are for the babies in your life and are designed to engage their brains as they begin to explore the world around them.
Brick Loot: If you haven’t experienced the agony of stepping on a LEGO, are you even a parent? This subscription ensures that your kiddos have all the LEGO sets they could ever want.
Sock Panda: Those missing socks are a thing of the past, because this box is full of uniquely designed socks that will comfort you as you search high and low for all the pairs that are MIA.
If you want to try out a subscription box, do some research and see which of these is the best fit for you! Remember, many of these boxes come with a free trial or other promotion, so you may even be able to test a few until you find the perfect fit. Happy subscribing!