Today’s top story: Don’t let your first car be a $30K mistake. Also in the news: House Democrats push Treasury, IRS for repeal of rule blocking state and local taxes cap workaround, should you use a reverse mortgage to pay for long-term care, and the easiest way to make your cell phone bill cheaper. Don’t […]
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Thursday’s need-to-know money news
Today’s top story: Mortgage rates are in for a bumpy ride in June. Also in the news: Should you get a home equity line of credit, common myths about travel insurance, and what to do (and not do) if you’re ever fired or laid off. Mortgage Rates Are In for a Bumpy Ride in June […]
Wednesday’s need-to-know money news
Today’s top story: 6 common myths about travel insurance and what it covers. Also in the news: Is Disney travel insurance worth the cost, 2022 is the year of all-inclusive travel and the best fast food apps for getting free stuff. 6 Common Myths About Travel Insurance and What It Covers Travel insurance isn’t a […]
Tuesday’s need-to-know money news
Today’s top story: How to avoid bad money advice. Also in the news: A new episode of the Smart Money podcast on being creative with money, how to pay for summer fun, and 25% of Americans are delaying retirement due to inflation. How to Avoid Bad Money Advice We are surrounded by bad money advice, […]
Q&A: Homeownership and taxes
Dear Liz: Five years ago I co-signed on a mortgage for my daughter’s condo in another state. I provided the down payment and paid to upgrade the water, HVAC and kitchen appliances. She paid the mortgage and all other expenses. She also claimed the mortgage interest on her taxes every year. She just sold the […]
Q&A: One big trip whacked this reader’s credit score. How is that possible?
Dear Liz: I normally use about 5% of my credit card lines and pay them off every month. I just made a major trip purchase that pushed my month’s usage to 31%. My score dropped from 820 to 708 in one day. I can’t believe that the score dropped so much. I have paid my […]