Today’s top story: How a financial therapist can help shift your money mindset. Also in the news: A new episode of the Smart Money podcast on new money resolutions and strategizing debt payoff, how to attract busy contractors to your home remodel, and saving for what makes you feel good in 2022. How a Financial […]
Recent Blog Posts
Q&A: It’s easy to squander a windfall. How to make the money work for you
Dear Liz: I’m receiving a $150,000 inheritance soon. After I pay all of my debt, I’ll have approximately $70,000. I’m 51, single with no children and my net income is about $4,400 a month. I’ve rarely been wise or successful with my finances. I have no prior savings, don’t own a home and drive a […]
Q&A: All investments involve risk
Dear Liz: I want to protect principal in my modest retirement savings account for future needs. I’ve been in cash and money market funds, but if the recent surge in inflation continues, purchasing power could decrease 25% or more over the next five years. Certificates of deposit and Treasury Inflation-Protected Securities (TIPS) tie money up […]
Q&A: Mortgage payoff creates options
Dear Liz: My wife and I just paid off our mortgage. What’s the correct thing to do now with the amount we used for the mortgage payments? Answer: Congratulations! Paying off a mortgage is a big deal, so consider using some of your freed-up money to celebrate in whatever way seems appropriate. Many Americans don’t […]
Thursday’s need-to-know money news
Today’s top story: What the No Surprises Act means for your medical bills. Also in the news: A new episode of the Smart Money podcast on buying your dream house, the January mortgage rate forecast, and 5 steps to reach your money goals in 2022. What the No Surprises Act Means for Your Medical Bills […]
Wednesday’s need-to-know money news
Today’s top story: More than half of travelers have the same New Year’s resolution. Also in the news: Saving on a new car from the factory, how to travel to Super Bowl LVI on a budget, and how to help your parents navigate health care in retirement. More Than Half of Travelers Have the Same […]