Latest Personal finance News

Millennial Money: Installment plans for rent divide up payments, but drive up costs

Mar. 26, 2024 10:46 AM EDT

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

Mar. 05, 2024 09:28 AM EST

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...

Millennial Money: Managing credit cards when you grew up in a cash-only household

Feb. 27, 2024 10:57 AM EST

As you’re growing up, you learn about money from the people who raise you. Their lessons are based on their life experiences, which means there’s likely some bias built in. That’s not necessarily a bad thing — you may have a savvy aunt who taught herself to manage her own...

Kimberly Palmer: Fighting over money? Ways to seek common ground with your partner

Feb. 26, 2024 08:58 AM EST

Figuring out how to manage money together might be an important part of a happy relationship, but it’s a skill that doesn’t always come naturally. “When there’s conflict or discord, it’s usually not about the money itself, but related to the meaning each person is attaching...

Millennial Money: It’s time to change your investment strategy

Feb. 20, 2024 08:30 AM EST

The passage of time feels like it creeps, then pounces: Suddenly, party conversation focuses on real estate, how we’re going to bed earlier and our realization that we have no idea what type of jeans to wear. For years, millennials have been the butt of financial jokes: “They spend all their...

Kate Ashford: Retirement spending is a U-shaped curve. Here’s how to maximize it

Feb. 19, 2024 07:01 AM EST

Financial planners talk about three phases in retirement: the go-go years, the slow-go years and the no-go years. Expenses tend to be highest at the beginning and end of retirement — creating a U-shape. But many people think of retirement spending as a constant variable. “As they...

Millennial Money: Should you care about your partner’s credit score?

Feb. 13, 2024 09:02 AM EST

Discussing credit scores with your partner isn’t anyone’s idea of pillow talk. But the conversation can provide important clues about your beloved’s history with money and what your financial future together could look like. Why do credit scores matter, and are they enough to...

Kimberly Palmer: Building financial resilience can help you ride out tough times

Feb. 12, 2024 10:40 AM EST

Financial resilience provides a safety net that you might rarely use — but when you need it, you’ll be glad you have it. “A household is financially resilient if they are prepared to encounter unexpected financial shocks,” says Emerson Sprick, associate director of economic...

Georgia House panel passes amended budget with new road spending, cash for bonuses already paid

Feb. 06, 2024 12:31 PM EST

ATLANTA (AP) — Amendments to Georgia's current state budget moved ahead Tuesday, including $315 million to cover bonuses that were already paid to state employees and public school teachers and $1.5 billion in extra money for road building and maintenance. The House Appropriations...

Millennial Money: So you got a raise? Here’s what to do with the money

Feb. 06, 2024 10:16 AM EST

Whether it’s a 5% increase or a 20% bump, a pay raise at work is an opportunity to take charge of your financial priorities. A small raise might not seem like much when it’s broken down into a biweekly paycheck, but over time, that difference in income could provide a boost to your lifestyle or...