Latest Personal finance News
Kimberly Palmer: How to escape from a money rut
Sometimes, climbing out of a money rut starts with a pep talk — to yourself. “I like affirmations and speaking out loud,” says Giovanna Gonzalez, a financial educator and author of “Cultura & Cash.” Her favorite affirmations are statements like, “I am not a reflection...
Kate Ashford: Retirement could come sooner than you think — how to plan for it
NEW YORK (AP) — American workers expect to retire at a median age of 65, according to a 2023 survey from the Employee Benefit Research Institute, or EBRI. But the actual median age for retirement is 62, the survey found. That may not seem like a big gap, but if you retire three...
5 questions to ask when helping an older parent with money
Conversations about money often require sensitivity and patience, especially when the person across the table is an older parent. Some of us won’t need — or want — to get involved in someone else’s finances. But others may have to take an active role in helping an older...
Millennial Money: Is financial trauma holding you back from living your best life?
Whether it’s going to bed before midnight, eating broccoli, or dealing with your finances, doing the “right” thing can sometimes feel like a herculean effort. Similar to an erratic sleep schedule or an aversion to eating green things, there are consequences to delaying wise...
Kimberly Palmer: What college students need to know about payment apps
For college students, sending money to friends has never been easier thanks to peer-to-peer payment apps like Venmo, PayPal and Cash App. But that convenience poses risks, including vulnerability to errors, fraud and the tendency to overspend. As a result, payment apps can contribute...
Millennial Money: Why adding a child as an authorized user might not help their credit
As parents, we want the best for our children: health, happiness — and hardy credit. Having a strong credit profile can determine whether your kid gets approved for a loan or how much they’ll pay for car insurance when they’re grown. But establishing credit for someone with no credit history...
Millennial Money: Installment plans for rent divide up payments, but drive up costs
In January, I received an email from my apartment complex saying that I could now divide my monthly rent into two payments via a product called Flex. I would make the first payment on the first of the month, but I could choose when to make the second payment. According to the email,...
Millennial Money: 5 financial mistakes to avoid when you are self-employed
When you become self-employed, you join millions of other business owners hoping to materialize their dreams. However, navigating the murky waters of self-employment can be challenging, especially during the early stages. While there are no guarantees in business, there are some...
