Friday’s need-to-know money news

Today’s top story: What to look at before investing in a friend’s business venture. Also in the news: How Apple makes airport security less painful for some travelers, why you should stop using coupons, and 17 huge red flags from personal finance ‘influencers.’

Should You Invest in a Friend’s Business?
Examine all angles before investing in a friend’s business venture.

Apple Makes Airport Security Less Painful for Some Travelers
Residents in Arizona can now add their driver’s license to Apple Wallet to show it to TSA in Phoenix. More states will follow.

You Should Stop Using Coupons
The whole reason coupons exist is to get you to spend more money—and it works.

17 Huge Red Flags From Personal Finance ‘Influencers’
There’s good advice out there, as long as you can tell the good financial influencers from the shady ones.

Thursday’s need-to-know money news

Today’s top story: Grimace-free ways to learn personal finance. Also in the news: How to stop anxiety from sabotaging your investments, and what to look for in a house if you want to start a family.

Grimace-Free Ways to Learn Personal Finance
Outrageous statements and flashy graphics grab attention, but there’s also plenty of sound, factually correct money content out there – and some of it is even entertaining.

How to Stop Anxiety From Sabotaging Your Investments
Fear is the mind-killer—don’t let it be the IRA killer, too.

What to Look for in a House If You Want to Start a Family
Beyond good schools and a quiet street, it helps if you can find these features.

Thursday’s need-to-know money news

Today’s top story: The surge in mortgage rates. Also in the news: What caring for an aging parent could cost you, A new episode of the Smart Money podcast on building your financial smarts with Bola Sokunbi

The Property Line: What’s With the Surge in Mortgage Rates?
Rising mortgage rates have outpaced expectations for the start of this year. Here’s why they’ve spiked recently and what it means for you.

What Caring for an Aging Parent Could Cost You
Trying to work while caring for an aging loved one can be difficult, stressful and at times overwhelming.

Smart Money Podcast: Building Your Financial Smarts With Bola Sokunbi
Personal finance Nerd Kim Palmer talks with money author and educator Bola Sokunbi about budgeting and side gigs.

Monday’s need-to-know money news

Today’s top story: Pandemic puts personal finance on high school agenda. Also in the news: A new episode of the Smart Money podcast on Delta spending habits and marriage vs. mortgage, 4 new rules for entrepreneurs in 2021, and the mortgage outlook for September.

Pandemic Puts Personal Finance on High School Agenda
“Educators say there’s never been more interest in the subject from students and parents.”

Smart Money Podcast: Delta Spending Habits and Marriage vs. Mortgage
How the Delta variant is changing the way people spend money.

4 New Rules for Entrepreneurs in 2021
How COVID has rewritten the rules.

Mortgage Outlook: September Rates to Ascend, Then Level Off
What to expect in the month ahead.

Why you should save for something fun

Financial planners tend to have firm ideas about the most important goals: You should save for retirement, pay off debt and build an emergency fund. Buying a pair of $200 sneakers or an ultra-high definition TV is probably not on that list.

But maybe saving for something you really, really want isn’t frivolous. It may be exactly what you need to get your financial life on track.

In my latest for the Associated Press, the financial benefits of saving for something fun.

Monday’s need-to-know money news

Today’s top story: The No-Drama approach to personal finance. Also in the news: Hiking your savings rate, how to find the right credit card the right way, and why you should beware of mortgage companies offering to double your down payment.

The No-Drama Approach to Personal Finance
There’s no crying in personal finance.

If the Fed Can, So Can You: Hike Your Savings Rate
Finding a high-yield account.

Sean Talks Money: Find the Right Credit Card the Right Way
Be selective.

This company will double your down payment. What’s the catch?
It’s a big one.

Tuesday’s need-to-know money news

financial-toolboxToday’s top story: 7 ways to improve your finances in 2017. Also in the news: How to help your kid graduate from college debt-free, how rising home values can boost your mortgage refinance, and why Americans are blowing it when it comes to personal finance.

7 Ways to Improve Your Finances in 2017
Making the most of the new year.

Help Your Kid Graduate From College Debt-Free
The greatest graduation gift of them all.

Rising Home Values Can Boost Your Mortgage Refinance
You could be able to tap your home equity.

Americans are blowing it on personal finance
Making financial literacy one of your goals.

A president can’t fix your finances

Presidential candidates always promise economic improvements that are beyond their power to deliver. Any measures that actually could create more jobs, raise wages or lower tax burdens require the cooperation of Congress or business cycles or both.

Even if a president could lead us to the promised land of rising incomes and wealth, we wouldn’t get there overnight. America’s middle class has been wandering the economic desert for decades, and it will take years of better fortunes to restore what’s been taken away.

“Our economy is so large that both good and bad impacts are not seen until years or even a decade later,” said Michael Kitces, director of wealth management at Pinnacle Advisory Group in Columbia, Maryland.

That doesn’t mean you have to wait. In my latest for the Associated Press, what you can do to improve your own personal fortunes rather than wait for some politician to bail you out.

Money Lessons That Actually Stick

Efforts to make us smarter about money don’t seem to be working.

A Harvard Business School study found personal finance classes taught in high school had no effect on “financial outcomes,” such as how much people saved or how likely they were to miss payments on debt. A report for Management Science found that even intensive instruction had “negligible effects” on people’s behavior. That’s led some critics to say financial literacy education doesn’t work.

But other research has found methods that show promise. If you want to improve your relationship with money or teach your children about personal finance, these findings may help you do just that.

In my latest for the Associated Press, how to best improve your relationship with money and pass that knowledge to your children.

Thursday’s need-to-know money news

FICO-score-calculation-300x281Today’s top story: Applying for the wrong credit cards can make bad credit worse. Also in the news: Store reward programs worthwhileness, preschoolers and personal finance, and the #1 cause of financial stress in your state.

Applying for the Wrong Credit Cards Can Just Make Bad Credit Worse
Be selective.

Are Store Rewards Programs Worthwhile?
Only if you’ll actually use the benefits.

Should Preschoolers Be Taught Personal Finance?
It’s never too early to start.

This is the No. 1 cause of financial stress in your state
Odds are pretty good your state is worried about debt.