Your weekly money scoop: October 14, 2016

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Your weekly money scoop: October 14, 2016


We're serving you our weekly bite-sized roundup of the stories you need to know. This week, check out whether you might soon be cashing in on your years of work experience, and learn how one woman saved $16,000 by making small lifestyle tweaks.

Experience pays off. Sometimes, literally. Here's a list of the 18 college majors that can lead to the biggest pay raises when you have some work experience under your belt. The list looks at the difference between median starting salary (when you have less than five years of work experience) and mid-career pay (when you have 10+ years of experience). The increase in pay can be substantial: For instance, the starting median pay for a career in marketing and international business is $45k and jumps to $95k mid-career. Work hard, pay hard.

It's a freaky time of year. And not just because Halloween's around the corner. For many recent graduates, October marks the end of their student loan grace period, meaning that student loan payments may soon be due. If that's you, you might understandably be freaking out a bit. Help yourself out by understanding what you should know about repaying your loans.

Babysitting isn't your only option. These days, the internet seems to offer endless ways to make money, so where do you start? Check out this list of 21 online gigs that could help you make some extra cash or also be an option for a full-time job. Not all of them are for everyone (writing an e-book might not be your jam), but you might find one thing on this list that strikes your fancy.

Who doesn't like a good quote? Whether we like it or not, money affects all of our lives in some way. And most of us have a thing or two to learn about money management. Read these 15 pearls of wisdom from millionaires and billionaires who have a lot of experience with money. Spoiler alert: They're not all about making bank.

Small but mighty. That describes a list of money "hacks" that helped this woman save $16,000 over a year and a half, which she then used to travel the world. When it comes to saving money, little tweaks in your lifestyle may go a long way.

And that's the scoop this week -- see you next week for more.

About the Author: Mika Bhatia is a Staff Writer for Credit Karma. She's worked in financial services and tech, and has now found the perfect union of the two at Credit Karma. When she's not busy coming up with credit-related analogies, she's most likely supporting the Warriors, enjoying a fine cup of British tea or doing yoga (goal: completing a headstand without toppling over). Follow her at @MikaBhatia!

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