Thursday’s need-to-know money news

Today’s top story: How to negotiate your way to a richer life. Also in the news: 4 signs we’re in a housing market primed for regret, Medicare and CPAP supplies, and could your health or life insurance rates increase if you’re not vaccinated?

How to Negotiate Your Way to a Richer Life
Learning best practices can help you earn more, get better deals and avoid strife over household finances.

4 Signs We’re in a Housing Market Primed for Regret
It’s a tough time to be a homebuyer.

Does Medicare Pay for CPAP Machines and Supplies?
Medicare Part B covers CPAP, but it requires a sleep test and a trial period.

Will Your Health or Life Insurance Rates Increase If You’re Not Vaccinated?
Insurers have yet to decide.

Tuesday’s need-to-know money news

Today’s top story: How to minimize credit damage from medical bills. Also in the news: Getting started with qualified opportunity funds, how to turn your side-gig into a full-time business, and what to do if you’re about to lose your federal COBRA subsidy.

How to Minimize Credit Damage From Medical Bills
Your credit can recover.

Getting Started With Qualified Opportunity Funds
Qualified opportunity funds allow you to do well for yourself while doing good for others — revitalizing distressed communities while saving on taxes.

5 Steps to Turn Your Side Gig Into a Full-Fledged Business
Formalize your freelance business by separating your business and personal finances and making a business plan.

What to Do If You’re About to Lose Your Federal COBRA Subsidy
Time to look for a cheaper plan.

Thursday’s need-to-know money news

Today’s top story: How to bounce back from an income drop. Also in the news: 5 tips for fostering a successful hybrid workplace, is the Fed to blame for high home prices, and why right now might be the best time to sell your car.

When Your Income Drops, Here’s How to Bounce Back
Recovering from an income drop depends on quickly cutting back expenses while also tackling the emotional stress.

5 Tips for Fostering a Successful Hybrid Workplace
Breaking old office habits and seeking employee input early and often can help create a successful hybrid workplace.

The Property Line: Blame the Fed for High Home Prices?
House prices are skyrocketing for multiple reasons. The Federal Reserve is just one piece of the puzzle.

Why Now Might Be the Best Time to Sell Your Car
Used cars have never been hotter.

4 cash-raising pitfalls (and better options)

If you’ve got more bills than money, the usual advice is to trim expenses and find additional income. But some ways of raising cash can be a lot more expensive than others. In my latest for the Associated Press, four that should be avoided, if possible, and what to consider instead.

Smart strategies to fight back against inflation

Few economists predict we’ll return to the double-digit price increases of the late 1970s and early 1980s. But knowing some of the ways consumers coped back then — and how things are different now — can help you formulate a plan to deal with rising prices.

First, a primer: Inflation shrinks your purchasing power, so you need more money to buy the same goods and services. When inflation averages less than 2%, as it did from 2010 to 2020, it would take more than 35 years for prices to double. When inflation averages 5%, which was the annualized rate reported in May, prices would double in less than 15 years. That is a huge deal if you live on a fixed income or are trying to calculate how much you’ll need in retirement.

In my latest for the Associated Press, strategies that may prove helpful.

Wednesday’s need-to-know money news

Today’s top story: How to know when it’s time to ditch your starter credit card. Also in the news: How to cover yourself against car theft, tips on paying for your wedding, and how to make a budget if you want to freelance full time.

How to Know When It’s Time to Ditch a Starter Credit Card
Don’t get too comfortable with your first card — once it’s done its job, it’s time to move on.

Car Theft Is Up in the U.S.: Here’s How to Cover Yourself
With the right kind of insurance, you could avoid paying out of pocket if your car or catalytic converter is stolen.

Weddings Are Marching Back: Here’s How to Pay for Yours
It’s best to pay for a wedding with savings, but if you need to finance, look for low-interest options with affordable payments.

How to Make a Budget If You Want to Freelance Full Time
Turning side hustles into main hustles.

Thursday’s need-to-know money news

Today’s top story: 5 tips to keep a landscaping project on time and under budget. Also in the news: The mortgage outlook for June, student loan interest rates to increase July 1st, and how to get Amazon Prime Day prices without a membership.

5 Tips to Keep a Landscaping Project on Time, Under Budget
DIY projects can give your yard a new look on a short timeline, even with a low budget.

Mortgage Outlook: June Rates Could Rise If Bond Market Acts Out
How things look for the month ahead.

Federal Student Loan Interest Rates to Increase July 1
Rates will rise to 3.73% for the 2021-22 academic year after the historic low of 2.75% for the past year.

How to Get Amazon Prime Day Deals Without Paying for a Membership
Prime Day is just around the corner.

How to be a better long-distance caregiver

Long pandemic lockdowns forced many older adults to become comfortable with video calls to stay connected with family. That in turn means that long-distance caregivers have a better way to see how their loved ones are faring.

“You can’t tell on the phone that they’re wearing the same clothes every day, or they’re not bathing because they’re afraid they’ll fall in the shower,” says Amy Goyer, AARP’s national family and caregiving expert and the author of “Juggling Life, Work, and Caregiving.”

More than 1 in 10 caregivers look after family or friends from a distance, which can make the task much more difficult and expensive. A 2016 AARP survey found that caregivers in general incur an average of about $7,000 a year in out-of-pocket expenses. Long-distance caregivers — those who live at least an hour away from the care recipient — incur about $12,000 on average, according to the survey. Long-distance caregivers are more likely than local caregivers to hire help, take unpaid time off work and pay for travel, Goyer says.

In my latest for the Associated Press, tips on providing care from a long distance.

Monday’s need-to-know money news

Today’s top story: Prepare for COVID medical bills this year. Also in the news: A new episode of the Smart Money podcast on pandemic savings goals and inheritance taxes, how to save on supplies as kids go back to school, and why your dog needs liability insurance.

Prepare for COVID Medical Bills This Year
Find out what’s covered under the law.

Smart Money Podcast: Pandemic Savings Goals and Taxes on Inheritance
A discussion about consumers’ saving habits during the pandemic.

Save on Supplies as Kids Go Back to School in Person

Why Your Dog Needs Liability Insurance Even if She’s Perfect
Personal liability, umbrella and animal liability coverage can keep your finances safe if your dog hurts someone.