These days, most Americans are stressed about money. And yet, when it comes to budgeting, saving and managing debt, many get some simple fundamentals wrong. For example, according to one LendingTree survey, 65% of Americans think carrying a small balance on their credit card each month will improve their credit score. That’s incorrect. Not only can
Personal finance
In this article JPM Follow your favorite stocksCREATE FREE ACCOUNT Annie Nova and her sister, Janna McPartland Courtesy: Annie Nova When my younger sister, Janna, and I hang out — which is a lot because we live on different floors of the same apartment building — what we talk about usually doesn’t involve money. We
A Social Security Administration office in San Francisco. Getty Images The Social Security trust funds that about 67 million Americans rely on for benefits are scheduled to be depleted in 2034, one year earlier than was projected last year, according to the annual trustees’ report released by the Treasury Department on Friday. Unless Congress takes
Money can be a relationship’s downfall; it can also be the reason couples stay together. With more Americans feeling financially constrained, 23% of all couples are primarily staying in their current relationships due to financial dependency, according to a new report by LendingTree. Between sky-high inflation and stubborn gender dynamics, “I am not surprised at
In this article TOST FISV CRM AAPL SBUX CCF AXP V MA COF DFS BAC WFC C MHI-AU SSVC TNL YOU AMZN Follow your favorite stocksCREATE FREE ACCOUNT When was the last time you purchased something and you weren’t asked for a tip? Not only are requests to tip on purchased goods and services increasingly
With high inflation, the threat of a recession and ongoing market volatility, we’re in a period of high financial uncertainty. Understandably, many investors “are pretty afraid right now,” said Brad Klontz, a psychologist and certified financial planner. And when we’re stressed, our frame of reference tends to become short, said Klontz, who is also a
Songsak Rohprasit | Moment | Getty Images This is an excerpt from the Personal Finance team’s weekly Twitter Space, “This week, your wallet.” Check out the latest episode here. Tax Day is fast approaching. The deadline to file a federal tax return for most Americans just over two weeks away, on Tuesday, April 18. Here’s
Marko Geber | DigitalVision | Getty Images If you’re a freelancer or contract worker, there are still ways to lower your 2022 tax bill — including contributions to a retirement plan improved by legislation passed in December. One of the provisions from Secure 2.0 included a change to solo 401(k) plans, designed for self-employed workers
To keep up with rising costs, many young adults turn to a likely safety net: their parents. From buying groceries to paying for their cell phone plan or covering health and auto insurance, 45% of parents with a child age 18 or over provide them with at least some financial support, according to a recent
Suze Orman Nathan Congleton | NBC | Getty Images The recent failures of Silicon Valley Bank and Signature Bank have made a recession more possible — and that means it’s more important than ever to have emergency savings set aside, according to personal finance expert Suze Orman. “Because of what is happening with banks, it
March 30 is ‘Ivy Day,’ when many Ivy League schools release those long-awaited admissions decisions. More than ever, acceptance into the Ivy League is considered highly desirable, however, when it comes to his year’s ultimate dream school, Massachusetts Institute of Technology comes out on top, according to a recent survey of college-bound students and their
Riska | Istock | Getty Images After being suspended for more than three years, federal student loan payments are expected to resume in the coming months. Yet, at that point, borrowers who aren’t financially prepared to pay may have options for getting more time, experts say. “Deferments and forbearances are available for both undergraduate and