Your Money Secrets Are Killing You

Mind Money ConnectionWriter Neal Gabler broke the don’t-talk-about-money taboo this spring with an Atlantic article, “The Secret Shame of Middle-Class Americans.” Now he wants everyone to start talking.

“The idea of not being successful financially in America is such a stigma,” says Gabler, who revealed in the article that he was among the millions of adults who didn’t have savings to cover a $400 emergency. “That’s the reason people don’t talk about it, because they take their failure personally.”

Yet financial stress is epidemic. Nearly three-quarters of U.S. adults admitted feeling stressed about money, and 22 percent reported extreme stress in a 2015 study commissioned by the American Psychological Association, “Stress in America: Paying With Our Health .”

In my latest for the Associated Press, what that study revealed about our inner financial turmoil.

Tuesday’s need-to-know money news

Today’s top story: Insider tips for finding affordable long-term care insurance. Also in the news: The most affordable time of year to buy a house, states that help consumers save money on insurance, and an app that compares the prices of every ride sharing option. 5 Insider Tips for Finding Affordable Long-Term Care Insurance Buy […]

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Monday’s need-to-know money news

Today’s top story: 3 options to save for your child’s college education. Also in the news: Yahoo and your credit cards, a personal finance checklist for 40-somethings, and how not to blow your pay raise. 3 Options to Save for Your Child’s College Education A look at different savings plans. Will Yahoo Breach Compromise Credit […]

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Q&A: What to consider before paying off a vehicle loan

Dear Liz: In January, I used financing to buy a used car, and now I have about $8,000 left to pay off. I recently received a windfall and can pay off that debt in full. Is there any reason to not go ahead and do that? This car loan is my only current debt. However, […]

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Q&A: Social Security benefits for children

Dear Liz: My husband was 51 when our last child was born, meaning that our son was only 15 when my husband turned 66. Because I was working full time and we had sufficient income, we adhered to the traditional advice of delaying my husband’s Social Security payment. However, when he filed this past year […]

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Q&A: Changing the executor of a will

Dear Liz: You recently wrote about a stepmom who dismissed her deceased husband’s son as an executor. Sometimes a will provides that someone such as the surviving spouse can alter the executor pattern. This is done to keep the children in line. Answer: That’s certainly a possibility. But if that’s the case, the stepmother could […]

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Friday’s need-to-know money news

Today’s top story: What you need to qualify for a credit card when you have bad credit. Also in the news: How to escape low-yield savings options, how one couple paid off $74,000 of debt in two years, and the building blocks that lead to smart money decisions. What You Need to Qualify for a […]

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Thursday’s need-to-know money news

Today’s top story: Key financial considerations when you live alone. Also in the news: Managing your money while you’re separated from your spouse, determining how much life insurance you really need, and a change in thinking that will help get you out of debt. Key Financial Considerations When You Live Alone Important considerations for your […]

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Wednesday’s need-to-know money news

Today’s top story: Tax breaks and loan options to pay for college. Also in the news: Why you should buy a home after school starts, how to refinance your student loans, and how to de-stress your retirement program. Tax Breaks and Loan Options to Pay for College Easing the burden. 4 Reasons to Buy a […]

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Tuesday’s need-to-know money news

Today’s top story: How to save for college without sacrificing retirement. Also in the news: Recovering from a poor credit history, 3 ways to pay off a debt in collections, and the best savings strategies for your personality type. How to Save for College Without Sacrificing Retirement It’s possible to do both. Poor Credit History? […]

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