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Tuesday’s need-to-know money news

November 24, 2020 By Liz Weston

Today’s top story: Savings rates are staying low. Here’s why, and what to do. Also in the news: Ask a Points Nerd on how to celebrate the holidays without traveling, renting hotels for big events is dirt cheap at the moment, and the benefits of a ‘second chance’ checking account.

Savings Rates Are Staying Low. Here’s Why, and What to Do
Savings rates will likely remain low for a while after moves by the Federal Reserve, but you should still save.

Ask a Points Nerd: How Can I Celebrate the Holidays Without Travel?
Think of it as an opportunity to relax and try new things, instead of a sad alternative to the normal holidays.

Renting Hotels for Big Events Is Dirt-Cheap … for Now
The cost of booking a hotel for conferences and weddings has plummeted, but don’t expect it to stay that way.

Do You Need a ‘Second Chance’ Checking Account?
Making up for past mistakes.

Filed Under: Liz's Blog Tagged With: ask a points nerd, event planning, holiday travel, savings rates, second chance checking accounts

Monday’s need-to-know money news

November 23, 2020 By Liz Weston

Today’s top story: How your mental health can affect how you save money. Also in the news: The holiday shopping episode of the Smart Money podcast, how to protect your credit when shopping for the holidays, and how to choose a secure credit card.

Your Mental Health Can Affect How You Save Money
How your state of mind can affect your wallet.

Smart Money Podcast: The Holiday Shopping Episode
Answering your holidays shopping questions.

How to Protect Your Credit When Shopping for the Holidays
Start by understanding your credit score, then set a spending limit and be strategic when shopping.

How to Choose a Secured Credit Card
Finding the right card to build your credit.

Filed Under: Liz's Blog Tagged With: holiday shopping, mental health, safety tips, secure credit cards, Smart Money podcast, spending habits

Friday’s need-to-know money news

November 20, 2020 By Liz Weston

Today’s top story: Financial advice that rarely fits all. Also in the news: Telehealth gets a boost among Medicare recipients in the pandemic, things to keep your holiday packages safe, and when you should transfer your credit card balance to a low-interest card.

Financial Advice That Rarely Fits All
One size doesn’t always work.

Telehealth Gets a Boost Among Medicare Recipients in Pandemic
Medicare dramatically expanded benefits for remote health care in response to COVID-19. Here’s what you need to know.

Do These Things to Keep Your Holiday Packages Safe
You can invest in a security camera or send packages to a secure location, like the post office.

Should You Transfer Your Credit Card Balance to a Low-Interest Card?
Look out for the introductory period.

Filed Under: Liz's Blog Tagged With: credit card balances, financial advice, holiday packages, Medicare, pandemic, telehealth, theft

Thursday’s need-to-know money news

November 19, 2020 By Liz Weston

Today’s top story: How small businesses can help workers save. Also in the news: 8 housing and mortgage trends for 2021, 45% of federal student loan borrowers unsure they can pay, and how to get your collectibles appraised.

How Small Businesses Can Help Workers Save
Small businesses can offer inexpensive ways to help workers save automatically through payroll deduction.

The Property Line: 8 Housing and Mortgage Trends for 2021
Low mortgage rates, strong home sales and evictions are among the trends expected in 2021.

Survey: 45% of Federal Student Loan Borrowers Unsure They Can Pay
Millions face the return of their monthly bill in January as the automatic pause for federal student loans ends.

How to Get Your Collectibles Appraised
Just how much is that signed baseball worth?

Filed Under: Liz's Blog Tagged With: collectibles, federal student loans, housing and mortgage trends, payroll services, small businesses

Wednesday’s need-to-know money news

November 18, 2020 By Liz Weston

Today’s top story: Grace period over? Refinance these student loans ASAP. Also in the news: smart tactics for Millennials flocking to buy life insurance, how senior insulin users may benefit from Medicare savings model, and how to stay on track with a budget calendar.

Grace Period Over? Refinance These Student Loans ASAP
New graduates shouldn’t wait to see if they can refinance their private student loans.

Smart Tactics for Millennials Flocking to Buy Life Insurance
Millennials applying for life insurance can skip medical exams, simplify the process and pay less than they expect

Insulin Users May Benefit From Medicare Senior Savings Model
Seniors with diabetes may pay less for insulin with this program, which debuts in some Medicare drug plans in 2021.

Stay on Track With a Budget Calendar
One day at a time.

Filed Under: Liz's Blog Tagged With: budgets, insulin, life insurance, Medicare, millennials, Seniors, student loan refinancing

How small businesses can help workers save

November 18, 2020 By Liz Weston

Donna Skemp of Bend, Oregon, struggled to save before she signed up for an automatic savings plan offered by her employer’s payroll services company. Now, some of her pay goes into a federally insured, interest-paying savings account that she can access any time with a debit card.

“It’s painless, and it’s so easy,” says Skemp, accounting and office manager for the nonprofit Every Kid Sports, which pays sports registration fees for children from low-income families.

Skemp is lucky — more than one-third of private-sector workers don’t have access to workplace savings plans via payroll deduction. Many small-business owners may think such plans are too expensive or complicated to administer. In my latest for the Associated Press, find out why that isn’t so.

Filed Under: Liz's Blog Tagged With: emergency savings, payroll services, small business owners, small businesses

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