Today’s top story: Side hustle much? You might have the wrong credit card. Also in the news: Make a financial recovery kit to rally faster after disaster, 7 finance tips for 2020 grads entering an economy with few jobs, and that debit card your were mailed is actually your coronavirus relief payment. Side hustle much? […]
Recent Blog Posts
Should seniors consider a reverse mortgage now?
Reverse mortgages allow older homeowners to turn part of their home equity into tax-free cash, using a loan that doesn’t have to be paid back until they die, sell or move out. That sounds good to a lot of seniors navigating financial fallout during the coronavirus pandemic. Stay-at-home orders may have taken away jobs needed […]
Monday’s need-to-know money news
Today’s top story: 6 tips for handling credit card bills if you’ve lost income. Also in the news: How to slash your cell phone bill, how to work around delays in major IRS functions, and how credit card rewards will change after the pandemic. 6 tips for handling credit card bills if you’ve lost income […]
Q&A: Stimulus funds don’t count as income
Dear Liz: I hold power of attorney for my aunt, who is in a local nursing home. Medicaid pays the bulk of her cost to stay there. Her $1,200 stimulus check was just deposited into her bank account at the end of last month. The state Medicaid rules require that she not have more than […]
Q&A: Big debt is bad in the coronavirus downturn. But a consolidation loan might not be the answer
Dear Liz: I have about $40,000 in credit card debt and am considering a consolidation loan. I’m current with my cards. My income is about $130,000 per year. Can you recommend a lender? Any cautions? Answer: As you probably know, this is a bad time to be burdened with a lot of debt. But taking […]
Friday’s need-to-know money news
Today’s top story: How to work around delays in major IRS functions. Also in the news: A path to getting your getting your camp deposit back, student loan interest rate dropping to historic lows, how to choose your next credit card. How to Work Around Delays in Major IRS Functions Services have been dialed back. […]