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Thursday’s need-to-know money news

March 21, 2019 By Liz Weston

Today’s top story: 5 tips for finding the best mortgage lenders. Also in the news: 8 warning signs you won’t finish college, the best financial advice at every age, and how to make your finances more flexible before the next recession.

5 Tips for Finding the Best Mortgage Lenders

8 warning signs you won’t finish college
All of the debt without the degree.

The Best Financial Advice at Every Age
Money moves by the decade.

How to Make Your Finances More Flexible Before the Next Recession
Knowing what to prioritize.

Filed Under: Liz's Blog Tagged With: college graduation, financial advice, mortgage lenders, recession, tips

Monday’s need-to-know money news

January 28, 2019 By Liz Weston

Today’s top story: How to prepare for the next recession. Also in the news: How to grow your tax refund, everything you need to know to file your 2018 taxes, and how to wean grown kids off of your payroll.

There’s Always a Next Recession, so Be Prepared
Soften the blow of the next economic downturn.

If You’re Expecting a Tax Refund, Make a Plan to Grow It
Invest your refund instead of blowing it.

Everything You Need to Know to File Your 2018 Taxes
A handy list.

How to wean grown kids off your payroll, freeing up more retirement cash
Cutting the purse strings.

Filed Under: Liz's Blog Tagged With: 2018 taxes, adult children and money, recession, tax refund, tips

There’s always a next recession, so be prepared

January 22, 2019 By Liz Weston

Recessions are like natural disasters: They’re inevitable, but smart preparation may reduce the impact on you.

The U.S. economy has grown steadily since emerging from the “Great Recession” in June 2009, but expansions can’t continue forever, and this one is already the second-longest on record. Only the expansion from March 1991 to March 2001 lasted longer.

Recessions occur when growth stops and the economy starts to shrink. They vary in severity and length, but often jobs disappear, incomes decline and lenders make it harder to qualify for credit.

Knowing what may be coming can help you fortify your finances to withstand a possible slowdown. In my latest for the Associated Press, some steps to consider.

Filed Under: Liz's Blog Tagged With: budget, Credit Scores, recession, tips

Thursday’s need-to-know money news

August 9, 2018 By Liz Weston

Today’s top story: Summer is the perfect time for a financial checkup. Also in the news: Why your parents’ money guru may not be right for you, how to get ready for the next recession now, and what you don’t know – but should know – about how your financial advisor is paid.

Summer Is the Perfect Time for a Financial Checkup
A great time to get back on track.

Your Parents’ Money Guru May Not Be Right for You
Your goals may be different.

How to Get Ready for the Next Recession Now
Preparing for the worst.

What you don’t know – but should – about how your financial advisor is paid
Beware of conflicts of interest.

Filed Under: Liz's Blog Tagged With: financial advisors, financial check up, money gurus, recession, tips

Wednesday’s need-to-know money news

August 1, 2018 By Liz Weston

Today’s top story: Ace back-to-school shopping with six smart moves. Also in the news: How to prepare for the next recession, how a remodeling project changes your property tax bill and adding more cash investments to your portfolio.

Ace Back-to-School Shopping With 6 Smart Moves
Avoiding the splurge trap.

How to Get Ready for the Next Recession Now
Making your finances recession-proof.

How a Remodeling Project Changes Your Property Tax Bill
Upgrades mean an uptick in home value.

Interest rates are going up. Is it time for more cash investments in your portfolio?
The appeal of cash investments is growing.

Filed Under: Liz's Blog Tagged With: back-to-school shopping, cash investments, property tax, recession, remodeling, tips

Are you falling behind?

September 8, 2014 By Liz Weston

siblingsMore than half of Americans—56 percent—say they’re falling behind financially, according to a new national survey by the Pew Research Center.

That’s not surprising, given that a recent Census Bureau study concluded that most Americans are worse off financially than they were before the recession, despite gains in the stock market and home prices.

Which is why Donna Freedman’s latest piece for Get Rich Slowly, “Why I voluntarily slashed my salary,” is a timely read.

Like the rest of us who wrote for MSN Money, Donna faced a big drop in income when the site pulled the plug on original content. Rather than try to recoup what she’d lost, though, Donna made a conscious decision to live on a lot less.

Donna’s situation is Donna’s. Yours is probably quite different. But I’m always inspired reading what she has to say about the benefits of a more frugal, conscious life.

That doesn’t mean I think that status quo is okay. The ever-widening gap between rich and poor is not okay. The huge debts young people take on to get educated is not okay.  The fact that most people’s finances can be seriously and permanently upended–by a layoff, a divorce, a death in the family–is not okay.

It’s also not okay to keep blaming individuals for what are clearly huge economic trends. Overspending on credit cards did not trigger the Great Recession.

But if you’re living with less, Job One is figuring out how to make that work, at least for now. Job Two may be pushing for change.

 

Filed Under: Liz's Blog Tagged With: Census Bureau, Income, net worth, Pew, recession, wealth

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