Your weekly money scoop: November 11, 2016

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Your weekly money scoop: November 11, 2016

By JENNIFER WILLIAMS

We're serving you our weekly bite-sized roundup of the stories you need to know. This week, learn about the economic impact a Donald Trump presidency may have and which apps can help you travel on a tighter budget this holiday season.

What will the Trump presidency mean for interest rates? There's been talk of the Federal Reserve raising interest rates in the near future, but Trump's victory now raises questions about whether this will take place. Why? In summary -- uncertainty. Trump has proposed changing up U.S. trade relationships, which could possibly get in the way of a global economic recovery. His plans to implement tax cuts could also increase the government budget deficit. But these are just proposals, so how they pan out -- and how the Fed reacts -- is unclear. We'll have to wait and see what the impact is.

Kim Kardashian hasn't posted on social media in over a month -- how does it affect her finances? After the reality TV star was robbed at gunpoint, she's taken a break from sharing so much of her personal life. Her brand is deeply rooted in sharing and it's estimated that Kim makes about $300,000 for each sponsored post on Instagram. However, there's good news for Kim: her fans keep flocking to her social media accounts, even as she remains silent.

Getting married? You don't have to share everything ... even money. Whether one spouse is thriftier than the other, or you want to simplify taxes, there are several situations in which keeping your money separate could make for a more harmonious union. It's hard enough just sharing a bed, anyway.

Airfare can cost an arm and a leg, but these apps can help you fly cheaper. Many people have different advice on the best ways, and even times, to buy plane tickets. Whether you're rebooking an existing flight, planning a dream vacation months in advance or trying to save money on a business trip, these apps can search for the best deals, plus send alerts if prices are likely to change.

Even the Pilgrims had trouble managing their finances. First there was the long journey across the Atlantic, then the even longer journey out of debt -- the equivalent of hundreds of thousands of dollars in debt in today's economy. However, after some trial and error, these early European settlers found a system that worked for them.

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

About the Author: Jennifer Williams is a QA Specialist in Member Support at Credit Karma. She has her MFA in Fiction, and puts her skills to use helping members and training new hires. When she's off the clock, she can be found editing her novel, playing guitar, or hiking with her dog in the hills.

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