The Huge, Hidden Costs of Owning a Home

First-time homebuyer Teresa Hair had owned her house less than two months when water started bubbling up through the guest bedroom floor. “The whole floor was just covered,” says Hair, a 34-year-old attorney who lives in St. Petersburg, Florida. “I pulled up all the laminate flooring and there was an inch of water.” Finding and […]

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Tuesday’s need-to-know money news

Today’s top story: How leaving a 401(k) behind after a job change could cost you. Also in the news: A debt avalanche, the five best store credit cards, and money-saving tips for your next family vacation. Leaving 401(k) Behind After Job Change Could Be Costly You CAN take it with you. What Is a Debt […]

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Q&A: Adding daughter as co-owner of mother’s home could trigger costs

Dear Liz: My father passed away last year, and my mother wants to add my name to her house so there is no probate. Do I need to change the title or the deed or both? Are there any negatives to doing so? Also, we already have a durable power of attorney between us. Does […]

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Monday’s need-to-know money news

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Today’s top story: What is a debt snowball? Also in the news: A 1-week financial fast, why personal finance classes should be taught in college, and how your wallet is becoming the next tech platform. What Is a Debt Snowball? A creative way of tackling your debt. Big money goal? Try a 1-week financial fast […]

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Q&A: Catching up on retirement savings

Dear Liz: I just found out I am cured of cancer. I thought I would be dead in three years and thus did not save very much. I’m 62, single, with no children and an annual salary of $85,000. I’m now contributing the maximum to my employer’s 403(b) retirement plan plus $6,500 to a Roth […]

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Q&A: Finding fee-only financial planners

Dear Liz: Every so often your column mentions an organization that lists financial planners that are fee-only. I cannot find this information on your site. Please keep mentioning this in your column. Answer: You can get referrals to fee-only planners who charge by the hour at www.garrettplanningnetwork.com. If you’re looking for fee-only planners who charge […]

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Friday’s need-to-know money news

Today’s top story: Senior checking accounts. Also in the news: The best Earth Day sales and freebies, five reasons why a nearly perfect credit score isn’t enough, and how to file taxes for a deceased love one. What Is a Senior Checking Account? The pros and cons. Best Earth Day Sales, Deals and Freebies Thank […]

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Thursday’s need-to-know money news

Today’s top story: Using your tax refund to secure your future. Also in the news: Frequent overdrafters lose hundreds in fees, what to do before age 40 to retire comfortably, and how viewing your budget as a circle instead of a list can provide more flexibility. 5 Ways to Use Your Tax Refund to Secure […]

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Wednesday’s need-to-know money news

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Today’s top story: How paying rent can affect your credit. Also in the news: How to protect yourself from cybercrime while banking with your phone, why you shouldn’t consider something “yours” until it’s completely paid off, and financial strategies for creative types without steady incomes. How Paying Rent Can Affect Your Credit Rent-reporting services can […]

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10 Ways to Trick Yourself Into Saving

Saving money isn’t that hard. What’s hard is keeping money saved. It’s too easy to cut expenses in one area only to spend more somewhere else. Sticking cash into savings won’t help if it comes right back out again. In my latest for NerdWallet, how to trick yourself into savings that actually last.

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