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Liz Weston

Thursday’s need-to-know money news

April 3, 2014 By Liz Weston

Zemanta Related Posts ThumbnailToday’s top story: Getting your credit score ready for a mortgage. Also in the news: The effectiveness of spending apps, the pros and cons of companion tickets, and how to protect yourself from tax identity theft.

Is Your Credit Score Ready for Mortgage Shopping?
Prepping your credit score for home shopping.

Can’t control your spending? There’s an app for that. But does it work?
Just how effective are spending apps?

Companion Tickets: The Perk That’s Not Always Rewarding
Smoke and mirrors.

Tax Identity Theft: Why You’re Vulnerable
It’s a busy season for hackers.

Filed Under: Liz's Blog Tagged With: companion tickets, Credit Score, Identity Theft, mortgages, spending apps

Wednesday’s need-to-know money news

April 2, 2014 By Liz Weston

Zemanta Related Posts ThumbnailToday’s top story: Identity theft’s youngest targets. Also in the news: Tips to increase your savings and investments, how to cut your summer energy bill this spring, and who inherits your debts after you die.

When Should You Check Your Child’s Credit Report?
Kids aren’t immune to identity theft.

Six Steps To Financial Spring Cleaning For Divorce
Airing out your home and your marriage.

7 tips to increase savings, investments
Advice from the experts.

Do My Debts Pass On to My Kids After Death?
A different type of inheritance.

How to Reduce Your Energy Costs This Summer
Acting now could cut your bill later.

Filed Under: Liz's Blog Tagged With: debt, Divorce, energy bill, Identity Theft, Investments, Savings

Tuesday’s need-to-know money news

April 1, 2014 By Liz Weston

Zemanta Related Posts ThumbnailToday’s top story: The dangers of medical identity theft. Also in the news: the pros and cons of identity theft insurance, how to pick the perfect credit card, and how to save your retirement after losing your job.

Medical Identity Theft: The Fraud That Can Kill You
The repercussions are serious.

Is identity-theft insurance a waste of money?
Is the protection worth the cost?

How to Pick the Perfect Credit Card
The important things to consider.

Lost Your Job? Here’s How to Save Your Retirement
Don’t panic.

5 Ways to Fix a Failing Personal Budget
Everyone makes mistakes.

Filed Under: Liz's Blog Tagged With: Credit Cards, Identity Theft, medical identity theft, personal budget, unemployment

Tips for a great (and affordable) road trip

April 1, 2014 By Liz Weston

Majestic Vista of the Grand Canyon at DuskMy daughter and I just got back from a 1,300-plus mile road trip so I could attend a business conference in Phoenix. Along the way we checked out Joshua Tree, Prescott, the Grand Canyon, Sedona, Montezuma’s Castle and the Tuzigoot National Monument. The trip back included stops at the Salton Sea and the amazing Living Desert zoo and botanical gardens near Palm Springs.

Her dad and I took several road trips before she was born, exploring the West and Southwest. They were among our most memorable (and cheap) vacations.

I was pleased to find road trips can still be a frugal way to travel. Our motel rooms typically cost less than $100 a night; even at the Grand Canyon’s comfortable Yavapai Lodge, we paid just $140 to sleep in two queen beds not far from the South Rim. Meals were rarely more than $20 for the two of us, and we spent less than $150 on gas thanks to my 36-mpg-plus Chevy Volt.

So here are my best tips for a memorable road trip that won’t cost a fortune:

Bring the right supplies. Snacks, breakfast makings and a cooler can save you a lot of money on the road. I bring oatmeal (which you can make in a mug, adding water heated by the motel coffee maker), peanut butter for the kiddo, fruit, milk and crackers.

Spring beats summer. At least in the West, the crowds tend to be thinner and the weather less scorching. Since schools schedule their spring breaks at different times, you’re not traveling at the same time as every other family in the freakin’ universe.

Use Yelp. Or TripAdvisor. I found good, affordable places to stay and eat thanks to user reviews. The best find was The Views Inn in Sedona, a clean, comfortable spot with a nice breakfast and an eager-to-please manager. Being willing to stay on the outskirts of town rather than in the center can save you $100 or more a night (or $200, when it comes to Palm Springs in high season).

Ask the locals. Yelp is also good for finding great cheap eats, but asking locals for their recommendations is a great way to start a conversation.

Give the kid a camera. We figured out years ago that our daughter stays much more engaged when she can capture what she’s seeing. Yes, she winds up with 16 pictures of lizards scuttling through the desert, but so what? I have many, many more of her grinning in front of various national monuments.

Catch the ranger talks. I didn’t think “Men, Mules & Mining” at the Grand Canyon would be particularly riveting, but I was so wrong. The stories and accompanying slides were fascinating. So was the geology talk the next day at the Yavapai Museum of Geology. Most of the rangers we encountered were good story-tellers and great about keeping kids engaged.

Set limits on your driving time. When our daughter was an infant or a toddler, driving four hours a day was a lot. Now she can tolerate more, but I found myself pretty weary at the end of an 8-hour travel day. Which may explain why I blearily clipped a dead elk some other unfortunate driver had previously killed on the road to the Grand Canyon. No damage to us or the car; wish I could say the same for the poor elk. In any case, next time I’ll probably limit drives to four hours, tops.

Download an audio book. There are only so many rounds of 20 Questions an adult can, or should, play. Fortunately, we had the third book in the Hunger Games trilogy to keep our minds occupied for much of the trip home. Your local library has tons of audio books you can borrow (in CD version or via digital downloads).

Bring emergency supplies and tools. We never needed the water or trail mix I always pack in the trunk, but I always feel better knowing they’re there.

Filed Under: Liz's Blog Tagged With: Grand Canyon, road trips, saving money, travel

Monday’s need-to-know money news

March 31, 2014 By Liz Weston

Zemanta Related Posts ThumbnailToday’s top story: Personal finance tips for single parents. Also in the news: Overlooked tax deductions, deciphering credit card offers, and upgrading a forgotten 401(k).

5 Personal Finance Tips for Single Parents
Planning for emergencies is key.

5 Tax Deductions That Are Typically Overlooked
Don’t shortchange your deductions.

How to Read a Credit Card Offer
Pay close attention to the fine print.

Upgrading forgotten 401(k)s
Reclaiming your retirement.

How A Personal Finance Journalist Manages Her Own Money
Learning from the experts.

Filed Under: Liz's Blog Tagged With: 401(k), Retirement, single parents, tax deductions, tips

When is the best time to take spousal benefits?

March 31, 2014 By Liz Weston

Dear Liz: My wife will be 62 in a few months. I am 77 and we both work full time. Can she collect her spousal Social Security benefit while still working and take her full benefit at 70?

Answer: That option is available to her only if she waits until her full retirement age (currently 66) to apply for spousal benefits. If she applies for spousal benefits before age 66, she won’t be able to switch to her own benefit later. Also, applying early means that her benefit would be reduced by $1 for every $2 she earns above an annual limit, which is $15,480 in 2014.

Filed Under: Q&A, Retirement Tagged With: q&a, Social Security, spousal benefits

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