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The best ways to get a raise (even in a pandemic).

Top of the morning, money nerds! It’s Tuesday, and this is Apex Money, your source for hand-curated links to the most interesting, most fun stories from the world of personal finance. Let’s take a look at what I’ve found for you today.

The best ways to get a raise (even in a pandemic). [Yes, I Am Cheap] — “If you’re considering getting a raise, it is normal to feel very nervous, as asking for more pay can be nerve-wracking. People get plagued with anxiety or self-doubt when it comes to negotiating and women, particularly, suffer from this more than men. If you plan correctly before approaching your manager for a raise your chances of success may go up significantly.”

The hidden algorithms that trap people in poverty. [MIT Technology Review] — “Credit scores have been used for decades to assess consumer creditworthiness, but their scope is far greater now that they are powered by algorithms: not only do they consider vastly more data, in both volume and type, but they increasingly affect whether you can buy a car, rent an apartment, or get a full-time job. Their comprehensive influence means that if your score is ruined, it can be nearly impossible to recover.”

What is a financial plan and what should it cover? [My Own Advisor] — “We hire professionals because they are trained to a level that is higher than our own. A quality advice-only financial planner has credentials and experience that make an investment in their services worthwhile, and in the end, will likely save you much more than it costs (not to mention the confidence and peace of mind that you are making decisions that are right for you).”

Finally, did you know that the childhood game of “tag” has now become a professional sport? It’s true! This 18-minute video from Vox looks at the creation of World Chase Tag, the new adult competitive version of the game.

That’s it for Tuesday, my friends, but I’ll be back in the morning with more great links. Take care!