Luxist Giveaway: Financial Advice and a $500 AmEx Gift Card

by Rigel Celeste (RSS feed)
Feb 25th 2011 at 10:02AM

Enjoying the finer things in life often means spending money but a recent survey conducted by American Express found that a surprising number of people rate finances as a top concern and have questions about how to manage their money. Young people especially are having trouble, with 79% saying they feel overwhelmed by their current financial situation and more than half reporting they're still at least somewhat dependent on their parents or other family members to help pay bills. How do your finances stack up?

ZYNC from American Express wants to help and has launched "The Quarterlife Project," a collaboration between American Express and life coach/Gen Y expert Christine Hassler. It aims to help twenty-somethings navigate the confusing world of finance so they can have the life they want without getting up to their eyeballs in debt. Want some advice on how to best manage your spending? Post your money question in the comments section below and one question will be selected and answered on the site in video format by Christine Hassler. In addition all valid comments will go into a random drawing for a $500 AmEx gift card. Financial advice and free money -- what are you waiting for?

To enter, leave a confirmed comment on this post stating your financial question. See additional rules below.

THE GIVEAWAY IS NOW OVER. THANKS TO ALL WHO ENTERED!

* To enter, leave a confirmed comment below.
* The comment must be left and confirmed before March 4, 2011 at 5:00PM Eastern Time.
* You may only enter once.
* One winner will be selected in a random drawing to receive a $500 AmEx gift card.
* One financial question from the comments will be selected and answered in a video to be posted on the site.
* Open to legal residents of the 50 United States, and the District of Columbia, who are 18 and older.

See complete giveaway rules here.

Tags: american express, amex, financial advice, giveaway, luxist giveaway

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Reader Comments (Page 1 of 9)

--bo-- Feb 25th 2011 10:37AM

I wanna go on a shopping spree

--bo-- Feb 25th 2011 10:38AM

I better win this

laurasouza1 Mar 3rd 2011 11:15PM

I WANNA WIN TOOOO!!!!!!!!!!!

nycreader Feb 25th 2011 10:51AM

For someone in their 20's, are there certain life expenses (utilities, groceries, rent, etc.) that are better to pay on a credit card rather than with cash/check/debit card?

maxima9919 Feb 25th 2011 10:52AM

In the earlier stages of life we have more oppurtunity to take chances, but how does one decide what is best to do with their savings? Do you pay down all your higher intrest debt? Do you start a small business that you always wanted? Do you save it in the bank for a rainy day? Do you invest in the market? Do you spend it all on a wedding? Well life does hit us quickly so please help!

loriuge Feb 25th 2011 10:55AM

Me please!

Hueb2b Feb 25th 2011 10:59AM

Do you recommend setting up a life insurance policy even though if I am in my early 20's (I am engaged right now with a wedding date next year)?

Mark Feb 25th 2011 5:04PM

I am not expert but I think someone in their 20's is an excellent candidate. I wish my father had invested in some type of policy for me when I was born. It's for that reason that when my son was born I immediately took out two policies. One is a 20 year paid up for life policy in which I pay a premium for 20 years and then the policy is pain in full permanently. I did it so as to set him up in a good position for when he has his own family.

BRANDON Feb 25th 2011 11:37AM

My grandpa always said to "pay yourself first," but what exactly did he mean, do you think? I would appreciate if you could list some examples as to how I could follow his advice and yours, too. Thank you, -Male, Age 25, Phoenix, AZ

au071 Feb 25th 2011 11:54AM

Is 401K still the best retirement saving option nowadays?

mayur Feb 25th 2011 11:58AM

pick me please

akoujak Feb 25th 2011 12:09PM

These days I'm confused by the plethora of investment products out there - they include stocks, bonds, precious metals, derivatives like options - How can you tell when is the best time to invest in stocks, for example, without leaving yourself penniless by a sudden downturn? I've always had this problem of being risk averse only to miss out on good opportunities.. Thanks. Aiman

lmbellmd Feb 25th 2011 12:35PM

What is the single best thing that a twenty something can be doing with their money as they begin their life?

BklynNas69 Feb 25th 2011 12:37PM

Would you lend money to a relative? Where is the best place to keep your emergency fund? Should you still tip 20% for bad service? What's more important, paying off debt or saving for emergencies?

These are the questions I wrestle with everyday as a 23 year old.

csbeckett Feb 25th 2011 1:23PM

Despite a few strong interim bull markets in 2003 and the past two years, the "buy and hold" approach to stock ownership seems to have taken quite a beating in the last 12 years. Now that stocks are somewhere near their peaks of the late 90s/early 2000s, what is a person like me, a saver in his late 30s who invests in broad based stock mutual funds, to do to maximize gains in the long run?

-Chad
Urbana, Illinois