Today’s top story: What to do when your first student loan payment is due. Also in the news: Van life reality check – 7 questions to shape your travels, why you should stop hoarding your credit card points and travel rewards, and how to spend less when you’re moving on short notice. What to Do […]
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Tuesday’s need-to-know money news
Today’s top story: ‘Perks’ don’t make the bank – rates do. Also in the news: 3 major ways credit cards have changed in the past decade, 5 money hacks hiding in your wallet, and the 6 worst ways to redeem your credit card rewards. ‘Perks’ Don’t Make the Bank — Rates Do Free ATMs aren’t […]
It’s time to let go of shame over your debt
Many of us feel bad about our debt. Most of us probably shouldn’t. Three-quarters of U.S. households owe money, but the vast majority pay their bills on time and have debt loads that are reasonable given their incomes. But many people still report being embarrassed about owing money. In one study, nearly everyone with debt […]
Monday’s need-to-know money news
Today’s top story: How young investors can prepare for the next recession. Also in the news: A new episode of SmartMoney podcast on family holiday travel, how to break free from your parents’ money patterns, and should you trust online shopping apps like Honey? Is a Recession Coming? How Young Investors Can Prepare Safeguarding your […]
Q&A: Direct tuition payment pros, cons
Dear Liz: You recently answered a question from someone whose parents misused trust funds intended for their child’s education. I chose to pay the colleges directly each semester once my grandchildren enrolled rather than give money to the parents. I decided that was the only way I could be assured the money went for what […]
Q&A: Don’t fall for these common Social Security misconceptions
Dear Liz: I decided to start taking Social Security benefits this summer when I turned 62. My monthly benefit is $1,809. My wife turned 62 at the end of last year and started her benefit of $841 a month. I just accepted an unexpected job offer that will pay me more than $130,000 a year. […]