What “secret millionaires” can teach us

This column first appeared on DailyWorth under the headline “Lessons from secret millionaires.” Eugenia Dodson grew up on a Minnesota farm, the daughter of poor Swedish immigrants. Her childhood poverty affected her so profoundly that even in her old age, she refused to replace a stove with only one working burner — even though by […]

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Thursday’s need-to-know money news

Today’s top story: The money questions you need to ask before popping THE question. Also in the news: The importance of renter’s insurance, why online tax filers need to pay attention to the fine print, and how to answer your child’s tough money questions. Getting Serious? Five Important Money Questions to Ask The questions to […]

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Wednesday’s need-to-know money news

Today’s top story : How to avoid annoying mortgage hurdles. Also in the news: A financial health checkup, how to keep your online tax returns safe, and what to do if you win tonight’s Powerball jackpot. 4 Annoying Mortgage Hurdles & How to Overcome Them How to have all your ducks in a row. The […]

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Tuesday’s need-to-know money news

Today’s top story: Deciphering your free credit scores. Also in the news: How to keep your frequent flier miles from expiring, the terms first-time homebuyers need to know, and why you should pay with a credit card, not debit, when renting a car. How to Make Sense of All of Your Free Credit Scores Know […]

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Monday’s need-to-know money news

Today’s top story: Every day things that can help improve your credit. Also in the news: Borrowing money for things that won’t last, how lifestyle inflation is hurting your finances, and times when paying more just isn’t worth it. 5 Things You Do Every Day That Can Improve Your Credit Effortless ways to improve your […]

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Q&A: Using a bonus to pay off debt

Dear Liz: I’m expecting a bonus this year of about $10,000. Should I pay off $6,000 in back taxes on which I’m currently paying $428 per month on a never-ending installment agreement? Or would it be better to pay off one of our $5,000 credit cards accruing 19% to 22% interest? Answer: You didn’t mention […]

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Q&A: Maxing out retirement savings

Dear Liz: My husband and I are in our late 40s. We’re in a good financial position and trying to max out our retirement savings. We have small traditional IRAs and are now above the income limit to deduct contributions to it. We have Roth IRAs that we converted from traditional IRAs several years ago […]

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Q&A: Unsolicited financial advice

Dear Liz: Your answer to the financially savvy brother whose advice is lost on his sisters was a bit harsh and shortsighted, so my guess is that you may not know anyone who has siblings who will continue for the next few decades to need help. It is hard to deny a sibling help while […]

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Friday’s need-to-know money news

HealthCare-Medical-Identity-Theft

Today’s top story: What to do if you’re an Anthem insurance customer. Also in the news: TurboTax stops state filings, how your own personal lottery can add up to big savings, and how your pet can fetch a tax deduction. Millions of Anthem Customers Exposed: What It Means for You Find out what you should […]

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Thursday’s need-to-know money news

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Today’s top story: There’s been a massive data beach at Anthem Insurance. Also in the news: Personal finance questions that should be answered before you say “I do”. learning your investment vocabulary, and assumptions that could hurt your retirement plans. Massive breach at health care company Anthem Inc. As many as 80 million customers have […]

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