Current:Home > ContactThe Daily Money: Are you guilty of financial infidelity? -Legacy Build Solutions
The Daily Money: Are you guilty of financial infidelity?
View
Date:2025-04-24 20:57:11
Good morning and welcome to a new week! This is Betty Lin-Fisher with The Daily Money.
When Ed Coambs was starting his financial therapy practice several years ago, he and his wife agreed to use credit cards to help him get started. But things were tougher than Coambs thought, and soon he was $30,000 in credit card debt instead of their agreed-upon amount of $10,000.
Coambs had committed what is called financial infidelity.
Find out what financial infidelity is and how you can tackle the problem in the latest installment of our Uncomfortable Conversations About Money series.
How much do you really need to retire?
Do you really need a nest egg of $1 million before you can retire?
One prominent economist is debunking the theory of financial experts and saying retirees are doing just fine on way less than a cool million.
Read more about these retirees and how they're managing.
📰 Consumer stories you shouldn't miss 📰
- Is there a break in the housing market?
- See how the economy is going leading into this week's Fed decision.
- Somebody's watching you. Connected cars are collecting data.
- Inflation is causing people to scrimp – and splurge.
- The hidden costs of homeownership are skyrocketing.
🍔 Today's Menu 🍔
Most domestic flights no longer offer free meals, but it's not accurate to say meals aren't served on flights. My colleague Zach Wichter breaks down what is offered on the four major U.S. airlines.
About The Daily Money
Each weekday, The Daily Money delivers the best consumer and financial news from USA TODAY, breaking down complex events, providing the TLDR version, and explaining how everything from Fed rate changes to bankruptcies impacts you.
veryGood! (8)
Related
- Will the 'Yellowstone' finale be the last episode? What we know about Season 6, spinoffs
- Bestselling author Brendan DuBois charged with possessing child sexual abuse materials
- Neutral Milk Hotel's Julian Koster denies grooming, sexual assault accusations
- Pac-12 Conference sends message during two-team media event: We're not dead
- Travis Hunter, the 2
- Fort Campbell soldier found dead in home was stabbed almost 70 times, autopsy shows
- Mother of the ‘miracle baby’ found crawling by a highway faces a murder charge in older son’s death
- Pat Colbert, 'Dallas' and 'Knots Landing' actress, dies at 77: Reports
- 'As foretold in the prophecy': Elon Musk and internet react as Tesla stock hits $420 all
- BMW to recall over 394,000 vehicles over airbag concern that could cause injury, death
Ranking
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
- A federal judge has ruled that Dodge City’s elections don’t discriminate against Latinos
- Off the Grid: Sally breaks down USA TODAY's daily crossword, Right Over There (Freestyle)
- Diana Taurasi to miss another Mercury game due to injury. Could it affect Olympic status?
- Behind on your annual reading goal? Books under 200 pages to read before 2024 ends
- Social Security recipients could see the smallest COLA increase since 2021. Here's what to expect.
- Summer House Star Paige DeSorbo Says This Deodorant Smells Like “Walking Into a Really Expensive Hotel”
- Biden pushes on ‘blue wall’ sprint with Michigan trip as he continues to make the case for candidacy
Recommendation
Intel's stock did something it hasn't done since 2022
JPMorgan Q2 profit jumps as bank cashes in Visa shares, but higher interest rates also help results
Which states could have abortion on the ballot in 2024?
Health alert issued for ready-to-eat meats illegally imported from the Philippines
Senate begins final push to expand Social Security benefits for millions of people
10 second-year NFL players who must step up in 2024
BBC Journalist’s Family Tragedy: Police Call Crossbow Murder a Targeted Attack
Mexico’s most dangerous city for police suffers simultaneous attacks that kill 2 more officers