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Liz Weston

Friday’s need-to-know money news

July 21, 2017 By Liz Weston

Today’s top story: How much you should spend on a wedding gift. Also in the news: How health insurers are fighting opioid addiction, why new homeowners should plan for additional expenses, and how o turn your used electronics into cash.

How Much Should You Spend on a Wedding Gift?
Answering the age-old question.

How Health Insurers Are Fighting Opioid Addiction
The human and financial costs.

Budgeting for New Homeowners: Plan for Additional Expenses
Expect the unexpected.

How to Turn Your Used Electronics Into Cash
Don’t let them just collect dust.

Filed Under: Liz's Blog Tagged With: new homebuyers, old electronics, opioid addictions, wedding gifts

Thursday’s need-to-know money news

July 20, 2017 By Liz Weston

Today’s top story: How teachers can ace retirement without Social Security. Also in the news: Why credit cards are serving big restaurant rewards, making sure your spending personality matches your credit cards, and the one mistake that can cost millennials millions.

Teachers: Here’s How to Ace Retirement Without Social Security
It varies from state to state.

Why Credit Cards Are Serving Big Restaurant Rewards
Everyone has to eat.

Does your spending personality match your credit cards?
Make sure you’re earning rewards you’ll actually use.

This one mistake can cost millennials millions
Stop avoiding the stock market.

Filed Under: Liz's Blog Tagged With: credit card rewards, Credit Cards, millennials, Pension, Retirement, Social Security, stock market, teachers

Wednesday’s need-to-know money news

July 19, 2017 By Liz Weston

Today’s top story: How financing a vacation with a credit card could ruin your fun. Also in the news: How immigrants can plan a comfortable retirement, how one immigrant started her financial journey in the U.S., and what to do if your defined benefit pension plan is frozen.

How Financing a Vacation with Credit Cards Could Ruin Your Fun
When the bill comes due.

How Immigrants Can Plan a Comfortable Retirement
Discovering which benefits you’re entitled to.

How One Immigrant Started Her Financial Journey in the U.S.
Studying personal finance is key.

Retirement: What to do if your defined benefit pension plan is frozen
Time for a back-up plan.

Filed Under: Liz's Blog Tagged With: Credit Cards, defined benefit pension plan, immigrants, pension plan, Retirement, vacations

Tuesday’s need-to-know money news

July 18, 2017 By Liz Weston

Today’s top story: How to keep an eye on your college kid’s spending. Also in the news: How to help your kid get a credit card in college, what you need to know about stock splits, and the 10 things every non-finance person needs to know about finance.

How to Keep an Eye on Your College Kid’s Spending
Making sure they don’t go nuts.

How to Help Your Kid Get a Credit Card in College
Finding the best way to help.

Stock Splits: What They Are, How They Affect Your Portfolio
What you need to know.

10 Things Every Non-Finance Person Should Know About Finance
Learning the essentials.

Filed Under: Liz's Blog Tagged With: college, college credit card, college student spending, finance, stock splits

How debt consolidation can go wrong

July 18, 2017 By Liz Weston

Daniel Montville knew a debt consolidation loan wouldn’t solve his financial problems, but the hospice nurse hoped it would give him some breathing room. He had already filed for bankruptcy once, in 2005, and was determined not to do it again.

Montville took out the loan in 2015, but within a year he had fallen behind on its payments and on the payday loans he got to help his daughter, a single mother with four children. The payday lenders all but cleaned out his checking account each time a paycheck landed, leaving little money for necessities. Then his daughter lost her job, and the $5,000 tax refund she had promised to him as repayment went instead to supporting her kids.

“That’s when I wised up and realized this was a no-win situation,” says Montville, 49, of Parma, Ohio. Montville is now repaying his creditors under a five-year Chapter 13 bankruptcy repayment plan.

In my latest for the Associated Press, learn why debt consolidation isn’t always the best idea.

Filed Under: Liz's Blog Tagged With: debt, Debt Consolidation

Monday’s need-to-know money news

July 17, 2017 By Liz Weston

Today’s top story: How to responsibly handle an inheritance. Also in the news: 7 questions to ask before selling a stock, how to create your own pension, and why 35% of college seniors don’t know what their student loan repayments will be.

How to Responsibly Handle an Inheritance
Don’t run out and buy a sports car just yet.

Selling a Stock? Ask 7 Questions First
What you need to know.

How to Create Your Own Pension
Filling in the gap.

35% of college seniors don’t know what their student loan repayments will be
That’s an alarming number.

Filed Under: Liz's Blog Tagged With: Inheritance, Pension, repayments, Stocks, Student Loans, tips

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