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Thursday’s need-to-know money news

May 14, 2020 By Liz Weston

Today’s top story: Should you leave your kids an equal inheritance? Also in the news: The Points Nerd on who we can trust about travel safety, a student loan expert takes her own advice, and how to apply for a credit card when you don’t have a credit score.

Should You Leave Your Kids an Equal Inheritance?
Consider family dynamics.

Ask a Points Nerd: Whom Can We Trust About Travel Safety?
Err on the side of caution.

A student loan expert takes her own advice
Making the system work.

How to Apply for a Credit Card When You Don’t Have a Credit Score
Build up your credit worthiness.

Filed Under: Liz's Blog Tagged With: Credit Cards, Credit Score, Estate Planning, Inheritance, Points Nerd, Student Loans, travel safety

Wednesday’s need-to-know money news

May 13, 2020 By Liz Weston

Today’s top story: Your 401(k) match may be in jeopardy. Here’s what you should do. Also in the news: What happens to your travel rewards if your airline goes bankrupt, how to upgrade your old car with new tech, and why your student loan Coronavirus forbearance is messing up your credit report.

Your 401(k) match may be in jeopardy. Here’s what you should do
Steps to take right now.

Airlines are on the brink of bankruptcy — what happens to your voucher, travel miles and airline credit card if they go belly up?
No guarantee of a refund,

Upgrade Your Old Car With New-Car Tech
You can get rid of those 8-track tapes.

Why Your Student Loan Coronavirus Forbearance Is Messing Up Your Credit Report
Scores are dropping as much as 50 points.

Filed Under: Liz's Blog Tagged With: 401(k), 401(k) match, airline rewards, airlines, Coronavirus, credit card rewards, new car tech, student loan forbearance

Should you give your kids an equal inheritance?

May 13, 2020 By Liz Weston

Your estate plan may be your last words to those you leave behind. If you’re a parent, you should think carefully about the message you’ll be sending.

Parents who leave their children unequal inheritances risk fueling family feuds. But strictly equal bequests also can cause resentment if the heirs don’t see the distribution as fair.

“Money can cause family discord, and you want to make sure that you are thinking through this and keeping sibling relationships intact,” says Colleen Carcone, co-author of “Principles of Estate Planning” and a wealth planning specialist at TIAA.

In my latest for the Associated Press, learn how to define “fair” when it comes to your kids’ inheritance.

Filed Under: Liz's Blog

Tuesday’s need-to-know money news

May 12, 2020 By Liz Weston

Today’s top story: 5 questions to ask before canceling your travel credit card. Also in the news: Think it’s bad now? Wait until hurricane and fire seasons start, 8 types of credit card relief you can ask for, and tomorrow is the deadline to receive your Coronavirus payment by direct deposit.

5 Questions to Ask Before Canceling Your Travel Credit Card
You might hurt your credit score.

Think it’s bad now? Wait until hurricane and fire seasons start
Mother nature doesn’t care about your pandemic.

8 types of credit card relief you can ask for
From delayed payments to credit line increases.

Tomorrow Is the Deadline to Receive Your Coronavirus Payment by Direct Deposit
Get your information in.

Filed Under: Liz's Blog Tagged With: CARES Act, Coronavirus, Credit Cards, fire season, hurricane season, IRS, stimulus payment, travel credit cards

Monday’s need-to-know money news

May 11, 2020 By Liz Weston

Today’s top story: 5 money goals if you’re still employed during COVID-19. Also in the news: A new episode of the SmartMoney podcast on credit card offers, good reasons to get a personal loan, and how to find companies offering payment relief during the pandemic.

5 Money Goals If You’re Still Employed During COVID-19
Save, save, save.

SmartMoney Podcast: ‘Where Have All the 0% Offers Gone?’
The economy isn’t the only thing slowing down.

What’s a Good Reason to Get a Personal Loan?
Watch out for high interest.

Find Companies Offering Payment Relief During the Pandemic
Give BillGo a try.

Filed Under: Liz's Blog Tagged With: BillGo, COVID-19, Credit Cards, money goals, pandemic, payment relief, Personal Loans, SmartMoney podcast

Thursday’s need-to-know money news

May 7, 2020 By Liz Weston

Today’s top story: Start thinking bankruptcy now to maximize your options later. Also in the news: Why this is the perfect time to teach teens about credit, how to protect your stimulus relief check from debt collectors, and how to return a deceased relative’s stimulus check.

Start Thinking Bankruptcy Now, to Maximize Your Options Later
Timing is everything during the pandemic.

This is the perfect time to teach teens about credit
5 ways to prepare Gen Z for the real world of debt and finances.

How to protect your stimulus relief check from debt collectors
Turn that check into cash quickly.

How to Return a Deceased Relative’s Stimulus Check
Unfortunately, you can’t keep it.

Filed Under: Liz's Blog Tagged With: Bankruptcy, Coronavirus, debt collectors, pandemic, stimulus relief check, teens and money

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