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Wednesday’s need-to-know money news

March 6, 2019 By Liz Weston

Today’s top story: Don’t freak out about an emergency fund – just start one. Also in the news: Deciding on hiring a tax planner or DIY, how one couple paid off $100K in debt in 5 years, and the difference between hard and soft credit inquiries.

Don’t Freak Out About an Emergency Fund — Just Start One
The sooner, the better.

Hire a Tax Preparer or DIY? This Year the Decision May Be Harder
New tax laws may complicate things.

How I Ditched Debt: Side Jobs, Meal Planning and Faith
How one couple paid off $100K in 5 years.

The Difference Between Hard and Soft Credit Inquiries
How they impact your credit score.

Filed Under: Liz's Blog Tagged With: credit inquiries, debt diary, ditching debt, emergency fund, tax preparation

Money mistakes even smart people make

March 6, 2019 By Liz Weston

Certified financial planner Jill Schlesinger has seen smart people make some pretty spectacular money mistakes.

One client who repeatedly refused to buy disability insurance later developed multiple sclerosis. A doctor she knew put off writing a will and left behind a six-figure tax bill. A technology company engineer balked at her suggestion to sell some of his stock options, only to watch their value and his retirement plans evaporate when the market plunged.

In my latest for the Associated Press, a look at how behavioral economics tries to pinpoint where our brains and emotions lead us wrong, as well as what we can do about it.

Filed Under: Liz's Blog Tagged With: behavioral economics, money mistakes, tips

Tuesday’s need-to-know money news

March 5, 2019 By Liz Weston

Today’s top story: 5 things you don’t have to pay a tax preparer to do. Also in the news: AmEx Gold’s inconsistent dining rewards are frustrating foodies, what you need to know about surging savings account rates, and what you need to know about “free” credit scores.

5 Things You Don’t Have to Pay a Tax Preparer to Do
Knock these things off your tax list.

AmEx Gold’s Inconsistent Dining Rewards Are Frustrating Foodies
A bumpy relaunch.

Savings Account Rates Are Surging: Here’s What to Know
Online banks are offering the best rates.

What You Need to Know About ‘Free’ Credit Scores
Free doesn’t always mean without cost.

Filed Under: Liz's Blog Tagged With: AmEx Gold dining rewards, Credit Scores, free credit scores, interest rates, savings accounts, tax preparation

Monday’s need-to-know money news

March 4, 2019 By Liz Weston

Today’s top story: 3 reasons to choose a college based on price. Also in the news: 3 times you can pay taxes with plastic and come out ahead, 7 tax changes investors should watch for when they file, and why you should check your hospital bill against your explanation of benefits.

3 Reasons to Choose a College Based on Price
Avoiding high debt.

3 Times You Can Pay Taxes With Plastic and Come Out Ahead
Building card perks.

7 Tax Changes Investors Should Watch For As They File
Investors face several new changes.

Check Your Hospital Bill Against Your Explanation of Benefits
Billing mistakes are rampant.

Filed Under: Liz's Blog Tagged With: college, college costs, credit card rewards, health insurance, health insurance benefits, hospital bills, Investments, Taxes

Friday’s need-to-know money news

March 1, 2019 By Liz Weston

Today’s top story: Should you move abroad for health care? Also in the news: What to do if you still haven’t received your tax documents, things to consider before opening another credit card, and why you should save 4% of your new home’s cost for repairs.

Should You Move Abroad for Health Care?
The cost difference can be dramatic.

Haven’t Got Your Tax Documents Yet? Here’s What to Do
The clock’s ticking.

4 things to consider before opening another credit card
The pros and cons.

You Should Save 4% of Your New Home’s Cost for Repairs
Protect yourself from unexpected costs.

Filed Under: Liz's Blog Tagged With: Credit Cards, health care costs, home repairs, tax documents

Thursday’s need-to-know money news

February 28, 2019 By Liz Weston

Today’s top story: This tax status could give single parents a break. Also in the news: What to buy (and skip) in March, how to find out the status of your state refund, and how much 8 emergencies may cost you.

This Tax Status Could Give Single Parents a Break
Filing as head of household.

What to Buy (and Skip) in March
Grab that tax software.

How to Find Out the Status of Your State Tax Refund
Tracking your refund.

This is how much 8 different emergencies may cost you — and you probably can’t afford them
From fires to layoffs.

Filed Under: Liz's Blog Tagged With: emergencies, March shopping, single parents, state refunds, tax break, tax status

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