Friday’s need-to-know money news

Today’s top story: 5 ways to drive a car without owning one. Also in the news: Tax refund loans for early filers, the pros and cons of senior checking accounts, and the return of triple-digit interest rates on payday loans.

5 Ways to Drive a Car Without Owning One
Ditching the car doesn’t leave you without wheels.

Tax Refund Loans Give Cash Now to Early Filers
Interest free loans can get you your money sooner.

Checking Accounts for Seniors
The pros and cons of Senior Checking.

The Trump administration brings back triple-digit interest rates on payday loans.

Would a bank payday loan be any safer?

A “safer” payday loan sounds like an oxymoron. Critics have branded these notoriously high-cost loans as debt traps that cause borrowers to go ever deeper in the hole.

Thanks to a recent regulatory change, it now may be possible for banks to offer small, short-term loans that could be a lot less dangerous for borrowers. Whether banks will actually do so remains to be seen.

The right moves could save low- and moderate-income Americans billions of dollars a year. The wrong moves could create yet another sinkhole for those who are already struggling. In my latest for the Associated Press, how to avoid falling into the payday loan trap.

Friday’s need-to-know money news

Today’s top story: New payday loan rule protects borrowers from sinking into debt. Also in the news: Sailing into Columbus Day sales, how to make money on Amazon, and why you’re losing money if cash is your only savings strategy.

New Payday Loan Rule Protects Borrowers From Sinking Into Debt
Protecting the consumer.

Should You Sail Into Columbus Day Sales?
What to purchase this weekend.

How to Make Money on Amazon
So that you can turn around and then spend it on Amazon.

If Cash Is Your Only Savings Strategy, You’re Losing Money
A piggy bank doesn’t draw interest.

Wednesday’s need-to-know money news

Today’s top story: 7 tax tips for new college grads. Also in the news: Why many people don’t know the cost of bad credit, how to travel on the cheap, and the death of payday loans.

7 Tax Tips for New College Grads
It’s a whole new tax world.

How Costly Is Bad Credit? Many Don’t Know, Survey Shows
A look at just how expensive bad credit can be.

To Travel Cheap, Steer Clear of These Booking Flubs
Don’t make these mistakes.

Payday loans are dying. Problem solved? Not quite
The slow death of payday lending.

Wednesday’s need-to-know money news

Today’s top story: What happens when you can’t repay a payday loan. Also in the news: How to upgrade your old car with new-car tech, why women may face retirement shortfalls despite the closing pay gap, and the biggest complaints about 401(k)s.

When You Can’t Repay a Payday Loan
Preparing for the consequences.

5 Ways to Upgrade Your Old Car With New-Car Tech
You don’t need a new car in order to have the bells and whistles.

Pay Gap Closing but Women May Face Retirement Shortfall
Good news and bad news.

The Biggest Complaints About 401(k)s
Know what you’re dealing with.

Friday’s need-to-know money news

download (1)Today’s top story: Why you should be wary of payday loans for small businesses. Also in the news: NerdWallet’s best credit card tips for October, financial fine-tuning to do before year’s end, and ten ways to make the most of your rewards credit card.

Worries Grow Over ‘Payday Loans for Small Businesses’ — What You Need to Know
Looking out for astronomical interest rates.

NerdWallet’s Best Credit Card Tips for October 2016
Time to activate your rewards.

Financial fine-tuning you must do before year’s end
Money actions worth considering.

10 Ways to Make the Most of Your Rewards Credit Card
Maximizing your rewards.

Wednesday’s need-to-know money news

payday-loansToday’s top story: Financial aid tips for procrastinators. Also in the news: Auto insurance in the driverless car era, payday alternative loans, and six ways your teen driver will affect your wallet.

4 Financial Aid Tips for College Procrastinators
Don’t waste any more time.

If You Hate Auto Insurance, You’ll Love Driverless Cars
A change in who’s to blame for accidents.

What Is a Payday Alternative Loan?
Avoiding the traditional payday loan trap.

6 Ways Your Teen Driver Will Affect Your Wallet
It’s more expensive than you’d think.

Wednesday’s need-to-know money news

Student-LoansToday’s top story: Avoiding a costly student loan mistake. Also in the news: How a marijuana DUI could raise your insurance rates, why the new “good” payday loans are still awful, and how to resell a canceled event or trip.

Don’t Make This Student Loan Mistake
It could be quite costly.

A Few Hundred Good Reasons to Avoid a Marijuana DUI
You could see a big insurance hike.

‘Good’ Payday Loans Still Very, Very Expensive
Don’t fall the “kinder and gentler” approach.

How to Resell a Canceled Event or Trip
Your money may not be a lost cause.

Thursday’s need-to-know money news

Image9Today’s top story: How payday loans work, and what they cost. Also in the news: Getting the most out of a retirement calculator, money tips you should ignore, and the best budgeting apps for your financial life.

Payday Loans: How They Work, What They Cost
Reading the fine print.

5 Steps to Get the Most Out of a Retirement Calculator
Planning ahead.

15 Money Tips You Should Ignore
Not all advice is good advice.

The 5 best budgeting apps for tracking and planning your financial life
Help at your fingertips.

Friday’s need-to-know money news

payday-loansToday’s top story: Covering the costs of long-term care. Also in the news: Discovering tax credits you qualify for, how to save money on your wedding day, and how the government’s new rules will make payday loans a little less terrible.

Covering the Costs of Long-Term Care
Preparing for the future.

What Tax Credits Can I Qualify For?
Finding the “gold nuggets” of the tax world.

10 Ways to Save Money on Your Wedding Day
Weddings don’t have to cost a fortune.

The government’s new rules will make payday loans less terrible
Easing horrific interest rates.