Thursday’s need-to-know money news

Today’s top story: 3 reasons not to tap your home equity right now. Also in the news: How much an abortion cost, how to tell if you’re eligible for student loan forgiveness, and what the difference between a recession and a depression is.

3 Reasons Not to Tap Your Home Equity Right Now
Borrowing against the value of your home is tempting, but consider your overall financial picture first.

How Much Does an Abortion Cost?
Abortion costs roughly $750 or less in the U.S., but access depends on factors such as where you live and how long you’ve been pregnant.

How to Tell If You’re Eligible for Student Loan Forgiveness
If you have debt from federal student loans, this is your lucky day—maybe.

What’s the Difference Between a Recession and a Depression?
There are multiple factors that contribute to these financial downturns.

Monday’s need-to-know money news

Today’s top story: What Medicare Part A’s belly-up date means for you. In other news: A new episode of the Smart Money podcast on investing for your dream life, what the Inflation Reduction Act means for your Medicare coverage, and what small businesses should do now to prep for a recession.

What Medicare Part A’s Belly-Up Date Means for You
Shifting services, revamping drug coverage and cutting payments to providers are all strategies that could slow Medicare Part A insolvency.

Smart Money Podcast: Investing for Your Dream Life
This week we’re running an episode from our financial dream series.

What the Inflation Reduction Act Means for Your Medicare Coverage
The act would implement cost-cutting measures for prescription drugs and cap out-of-pocket spending with Medicare Part D.

4 Things Small Businesses Should Do Now to Prep for a Recession
Speculation about a looming recession is putting pressure on many small-business owners to protect themselves against a downturn.

Wednesday’s need-to-know money news

Today’s top story: Fed hoists key interest rate as mortgage rates reach new heights. Also in the news: A new episode of the Smart Money podcast on recession prep, a quiz to cut your credit card costs, and how long it could take for business travel to return to normal.

Fed Hoists Key Interest Rate as Mortgage Rates Reach New Heights
Some 30-year fixed mortgage interest rates surpassed 6% even before the Federal Reserve’s 75-point increase to the federal funds rate.

Smart Money Podcast: Recession Prep, and Lightning Round Money Questions
This week’s episode starts with a discussion about how to prepare your finances for a recession.

Pass This Credit Card Quiz and Cut Your Costs
Put your credit card knowledge to the test. Knowing the correct answers could save you money.

How Long Until Business Travel Returns to Normal?
Business travel is down, big-time, with experts anticipating a slow return to 2019 levels.

Monday’s need-to-know money news

Today’s top story: 6 do’s and don’ts when saving money during a crisis. Also in the news: Cash accounts and apps to buddy up with your investments, a new episode of the SmartMoney podcast on preparing your money for a recession, and the relief period on your federally backed mortgage was just extended.

6 Do’s and Don’ts When Saving Money During a Crisis
Saving may be harder, but it’s worth it.

Cash Accounts and Apps to Buddy Up With Your Investments
Investing at your fingertips.

SmartMoney Podcast: Prepping Your Money for a Recession, What to Do with a $10,000 Inheritance
Preparing your money for the tough times ahead.

The Relief Period on Your Federally Backed Mortgage Just Got Extended
You now have until August 31st.

Thursday’s need-to-know money news

Today’s top story: Recession fears and how to combat them in 2020. Also in the news: What to do if you’ve inherited a Roth IRA, which airline has the most valuable rewards, and get ready to file your 2019 taxes with this checklist.

Recession Fears and How to Combat Them in 2020
Managing an increased cost of living.

Inherited a Roth IRA? Here’s What to Do Now
The Secure Act has changed things.

Ask a Points Nerd: Which Airline Has the Most Valuable Rewards?
Who deserves your loyalty?

Get Ready to File Your 2019 Taxes With This Checklist
Get your financial ducks in a row.

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 portfolio.

SmartMoney Podcast: ‘What Are Your Best Tips to Save on Family Holiday Travel?’
How to find the best deals.

How to Break Free of Your Parents’ Money Patterns
Creating your own financial legacy.

Should You Trust Online Shopping Apps Like Honey?
The discounts come at the expense of your privacy.

Wednesday’s need-to-know money news

Today’s top story: Is Premium Economy airfare worth the money? Also in the news: 6 common retirement mistakes and the simple solution to all of them, credit cards that go beyond rewards to cover travel costs, and how to protect your finances if you’re worried about a recession.

Is Premium Economy Airfare Worth the Money?
Make sure you’re getting your money’s worth.

6 common, costly retirement mistakes—and the one simple solution to all of them
Information is your biggest ally.

The Credit Cards That Go Beyond Rewards to Cover Travel Costs
Covering the small expenses.

Worried about a recession? Here are 4 ways to protect your finances
Turn your anxiety into action.

Friday’s need-to-know money news

Today’s top story: How to outsmart smartphone scammers. Also in the news: 5 military budgeting tips, states that will pay you to work there, and just how worried you should be about a possible recession.

How to Outsmart Smartphone Scammers
Protecting areas of vulnerability.

5 Military Budgeting Tips
Important considerations for active military.

Get Paid to Move to These States
Work remotely? These states want you.

Recession fears are back — should you be worried?
Don’t panic just yet.