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Friday’s need-to-know money news

May 20, 2016 By Liz Weston

downloadToday’s top story: Why more banks are turning to biometrics for security. Also in the news: How natural disasters can hurt your finances, how to get your late credit card payment waived, and 10 things that will cost you less this summer.

More Banks Turn to Biometrics to Keep an Eye on Security
Your eyes could hold the literal key to your account.

5 Surprising Ways Natural Disasters Can Hurt Your Finances
Incidentals alone can add up quickly.

How to get your late credit card payment waived
It can’t hurt to ask.

10 Things That Will Be Cheaper During the Summer of 2016
Where you can expect to save some cash.

Filed Under: Liz's Blog Tagged With: banking, biometrics, Credit Cards, Identity Theft, late payment fee, natural disasters, Savings

Thursday’s need-to-know money news

May 19, 2016 By Liz Weston

common-retirement-mistakesToday’s top story: How much should you save for retirement? Also in the news: Tips for buying a home if you have student loans, what to expect from bankruptcy counseling, and how men and women retire differently.

How Much Should You Save for Retirement?
Establishing guidelines.

5 Tips For Buying A Home If You Have Student Loans
Navigating a mortgage and loans.

Bankruptcy Counseling: What It Is, What to Expect
Making difficult decisions.

How (and Why) Men and Women Retire Differently
Taking risks.

Filed Under: Liz's Blog Tagged With: bankruptcy counseling, mortgage, real estate, retirement retirement savings, Student Loans

Wednesday’s need-to-know money news

May 18, 2016 By Liz Weston

Today’s top story: What you need to know about the new overtime pay rule. Also in the news: Using a personal loan to pay for your wedding, the most aggravating things about your cable bill, and how Fanny Mae is making things easier for first-time home buyers.

Overtime pay: What you need to know about the new rule
An additional 4.2 million salaried workers are now eligible for overtime pay.

Something Borrowed: Using a Personal Loan to Pay for a Wedding
Financing your big day.

Here Are the 3 Most Aggravating Things About Your Cable TV Bill
Piles of extra fees.

First-Time Homebuyer or No Credit History? Fannie Mae Update May Help
Making the process easier.

Filed Under: Liz's Blog Tagged With: cable bills, finance, overtime pay, Personal Loans, wedding

12 Money Rules to Live By

May 17, 2016 By Liz Weston

iStock_000018407605_SmallOne-size-fits-all financial advice isn’t supposed to work. We’re all as unique as snowflakes, so the financial rules that guide us should be molded to our individual situations.

Except it turns out that rules of thumb can be really helpful.

A study of West Point cadets, for example, found teaching rules of thumb was at least as effective as standard personal finance training in increasing students’ knowledge and confidence as well as their willingness to take financial risks. Researchers found money rules of thumb actually were more effective than teaching accounting principles to small-business owners in the Dominican Republic.

Besides, we all have busy lives — sometimes, we just want an answer. In my latest for NerdWallet, 12 money rules to live by.

Filed Under: Liz's Blog Tagged With: money rules

Tuesday’s need-to-know money news

May 17, 2016 By Liz Weston

Credit report with score on a desk
Credit report with score on a desk
Today’s top story: Americans are confused over credit card fees and rewards. Also in the news: Using refinancing to pay for home renovations, taking one day a month to be your personal finance day, and how to protect your credit score.

Americans Confused Over Credit Card Fees, Rewards
Cardholders are paying extra, losing out on rewards.

Should I Pay for Home Renovations by Refinancing?
Pros and cons.

Pick One Day a Month to Be Your Personal Finance Day
Getting everything done at once.

Avoid these 3 mistakes to protect your credit score
Taking a proactive approach.

Filed Under: Liz's Blog Tagged With: Credit, credit card fees, credit card rewards, Credit Score, credit score mistakes, home renovations, personal finance day, refinancing

Monday’s need-to-know money news

May 16, 2016 By Liz Weston

seniorslaptopToday’s top story: Why getting pre-approved for a mortgage is important if you live in these cities. Also in the news: How couples can master the financial balancing act, overcoming income shocks, and how 529 plans can now be used for college supplies.

Get Preapproved for a Mortgage — Especially if You Live in These Cities
Where real estate inventory is moving fast.

How Couples Can Master the Financial Balancing Act
Creating an equitable balance,

How to Overcome ‘Income Shocks’ that Wreck Retirement Security
Coping with unexpected surprises.

Now 529 plans can be used for college supplies
Getting your freshman the computer she needs.

Filed Under: Liz's Blog Tagged With: 529 college savings plan, couples and money, mortgage pre-approval, real estate, Retirement, Savings

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