Your weekly money scoop: February 3, 2017

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Your weekly money scoop: February 3, 2017

By JENNIFER WILLIAMS

We're serving you our weekly bite-sized roundup of the stories you need to know. This week, read about why you might be forking over more for bacon at the market and the ups-and-downs of Super Bowl ticket prices.

Perhaps pigs CAN fly: The cost of bacon could soon skyrocket. As of December 2016, the country's supply of frozen pork belly, which is used to create bacon, is the lowest it's been since 1957, says the US Department of Agriculture. Though farmers are producing more pigs, and therefore more pork, the drop in reserves stems from increased demand for the meat both in the US and in other countries. And the bad news doesn't stop there: Pork belly prices are up 20 percent, according to the Ohio Pork Council -- so bacon could get pricier, too.

General Motors spent over $1 million to buy back its own car. The zippy little convertible, called CERV I, short for Chevrolet Engineering Research Vehicle, was created and used for testing purposes in the 1960s. Fun fact: It's believed the car was a precursor of the modern-day Corvette. General Motors plans to add the CERV I -- which it re-purchased from an auction for a steep $1.3 million -- to its Heritage Collection, its invitation-only museum in Sterling Heights, Michigan.

After last week's record high, Super Bowl ticket prices might hit record lows. Last week, the average cost of Super Bowl tickets was just under $5,000, with the "cheapest" around $3,000. One reason for the record prices is that the NFL allocated many of its tickets to a partner that's reselling them in bundled packages, which cost more than $7,000. But this week, resale ticket prices flipped due to low demand, dropping as low as $2,000. And because it may be difficult to sell expensive ticket bundles, says one expert, it's possible that these will be released into the market as individual tickets, which could mean prices drop to record lows.

How New Year's resolutions may shape your spending. It's not surprising that people tend to spend more on food, alcohol and even salons around the holidays. Once New Year's rolls around, however, people usually move their money towards healthier categories, according to analysis by our partner Earnest. Earnest users reported spending 18 percent less on alcohol in January compared to December, and 9 percent less on fast food. The number of users who reported spending on diet food doubled.

How do Amazon and Walmart's free shipping compare? Walmart just introduced free two-day shipping if you spend $35 on their website. This new perk could be competition for Amazon Prime, which also offers free two-day shipping, but only if you have a membership which costs $10.99 a month. Which one is a better deal? Reviewed.com compared the two online retailers: When it comes to most essentials like laundry detergent and bleach, for example, Walmart offers lower prices and doesn't require the cost of subscription like Amazon does. However, Amazon Prime's subscription does come with a streaming service for high-quality movies and shows, while Walmart's streaming service uses advertisements and doesn't have new releases like Amazon.

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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