Monday’s need-to-know money news

Today’s top story: With student loan payments set to return, here’s how to get help. Also in the news: A new episode of the Smart Money Podcast on managing finances abroad and a mid-year money check-in, taking financial advice from Reddit, and how to know if you’ll receive a plus-up stimulus payment.

With Student Loan Payments Set to Return, Here’s How to Get Help
The clock is ticking.

Smart Money Podcast: Midyear Money Check-in and Managing Finances Abroad
Checking in on your money goals.

Should You Take Money Advice From Reddit?
Crowdsourcing financial advice.

What’s a Plus-Up Stimulus Payment? (And How to Know If You’ll Get One)
You could be owed an additional payment.

Friday’s need-to-know money news

Today’s top story: How to nail a no-spend month. Also in the news: New credit card benefits we’d love to see for 2021, the popular online banking service Simple is shutting down, and TurboTax customers will still get their stimulus payment.

How to Nail a No-Spend Month
Recover from the holidays.

New Credit Card Benefits We’d Love to See for 2021
The pandemic forced credit card issuers to revamp their travel card benefits. Why stop there?

Simple, the Popular Banking Service, Is Shutting Down
What to do if you have an account.

TurboTax Customers Will Still Get Their Stimulus Payments
Understanding the glitch.

Wednesday’s need-to-know money news

Today’s top story: Is identity theft protection worth it? Also in the news: The perks of cutting spending, why good credit matters even if you don’t plan to borrow, and how to get a replacement economic impact payment card.

Is identity theft protection worth it?
Valuing your online privacy.

The perks of cutting spending
It doesn’t have to hurt.

Why Good Credit Matters — Even if You Don’t Plan to Borrow
Prepare for the unexpected.

How to Get a Replacement Economic Impact Payment Card
That random card you threw out might have been your stimulus payment.

Q&A: Stimulus funds don’t count as income

Dear Liz: I hold power of attorney for my aunt, who is in a local nursing home. Medicaid pays the bulk of her cost to stay there. Her $1,200 stimulus check was just deposited into her bank account at the end of last month. The state Medicaid rules require that she not have more than $2,000 in assets. I try to keep her bank balance below that each month, which can be a challenge. Do you have any idea how the state Medicaid will handle this additional income to her bank account? Will I have to pay the nursing home additional money from it or reimburse Medicaid? Or will she be allowed to keep the whole amount? I want to be judicious with her finances and not screw up her eligibility for Medicaid (her greatest fear is being thrown out on the streets).

Answer: Your aunt is lucky to have you, and fortunately there’s no need to worry. The payments are not considered income for recipients of Supplemental Security Income (SSI), according to a blog post by Social Security commissioner Andrew Saul. State Medicaid programs are not allowed to impose eligibility requirements that are stricter than SSI standards, according to ElderLawAnswers, a referral site for attorneys who specialize in issues relating to seniors.

Tuesday’s need-to-know money news

Today’s top story: 5 questions to ask before canceling your travel credit card. Also in the news: Think it’s bad now? Wait until hurricane and fire seasons start, 8 types of credit card relief you can ask for, and tomorrow is the deadline to receive your Coronavirus payment by direct deposit.

5 Questions to Ask Before Canceling Your Travel Credit Card
You might hurt your credit score.

Think it’s bad now? Wait until hurricane and fire seasons start
Mother nature doesn’t care about your pandemic.

8 types of credit card relief you can ask for
From delayed payments to credit line increases.

Tomorrow Is the Deadline to Receive Your Coronavirus Payment by Direct Deposit
Get your information in.