Today’s top story: Wake up to the truth about ‘dream schools.’ Also in the news: 4 things to stop doing online immediately, recognizing the signs of financial abuse, and why carrying a balance won’t boost your credit score. Wake Up to the Truth About ‘Dream Schools’ Thinking beyond the elites. Stop Doing These 4 Things […]
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Wednesday’s need-to-know money news
Today’s top story: Understanding the differences between Medicare and Medicaid. Also in the news: How hungry college students can get help, Robinhood takes another shot at cash management accounts, and a new scam that asks for your bank PIN on the phone. Hunger on Campus: How College Students Can Get Help What Is the Difference […]
Wake up to the truth about ‘dream schools’
The college admissions scandal — which recently led to a 14-day prison sentence for actress Felicity Huffman — exposed a group of wealthy parents’ obsession with getting their kids into the “right” school. Prosecutors say the families paid bribes, faked test results and pretended their kids were athletes to get them into selective colleges. Unfortunately, […]
Tuesday’s need-to-know money news
Today’s top story: How one family paid off $130,000 of debt in less than four years. Also in the news: The pros and cons of cash-out refinancing, the sneaky ways burnout hurts your bottom line, and how to not let your vet bill dog you forever. How I Ditched Debt: Little Splurges on the Path […]
Monday’s need-to-know money news
Today’s top story: SmartMoney podcast on how to pay off debt faster. Also in the news: What to expect when requesting a credit limit increase, why you should always pay in local currency when traveling, and 10 money mistakes millennials should avoid. SmartMoney podcast: ‘How Can I Pay Off My Debt Faster?’ Tips from the […]
Q&A: Don’t keep a mortgage just for the tax deduction
Dear Liz: Does the new tax law, with its increased standard deduction, change the calculus of maintaining my mortgage? I owe about $250,000 at 3.25% on a 30-year mortgage. I no longer itemize, so I don’t get the benefit of the tax deduction for the interest. My payments are about $1,500 a month, but I […]