Current:Home > InvestThe Daily Money: Are you guilty of financial infidelity? -ProsperityEdge
The Daily Money: Are you guilty of financial infidelity?
View
Date:2025-04-14 10:53:25
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! (27187)
Related
- 'As foretold in the prophecy': Elon Musk and internet react as Tesla stock hits $420 all
- Why Ana Huang’s Romance Novel The Striker Is BookTok's New Obsession
- Chicago Bears stay focused on city’s lakefront for new stadium, team president says
- A Celebration of Bella Hadid's Riskiest Looks: Sheer Dresses, Catsuits and Freeing the Nipple
- DoorDash steps up driver ID checks after traffic safety complaints
- Turkish Airlines flight makes emergency landing in New York after pilot dies
- I worked out with Jake Gyllenhaal, Matt Damon’s trainer. The results shocked me.
- Washington state woman calls 911 after being hounded by up to 100 raccoons
- The Louvre will be renovated and the 'Mona Lisa' will have her own room
- Is a Spirit Christmas store opening near you? Spirit Halloween to debut 10 locations
Ranking
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
- Tesla Cybertruck unveiled at California police department part of youth-outreach effort
- RHOSLC's Whitney Rose Shares Update on Daughter Bobbie, 14, Amid ICU Hospitalization
- American Water cyberattack renews focus on protecting critical infrastructure
- Federal appeals court upholds $14.25 million fine against Exxon for pollution in Texas
- Former Sen. Tim Johnson, the last Democrat to hold statewide office in South Dakota, dies at 77
- In remote mountain communities cut off by Helene, communities look to the skies for aid
- Ben Stiller and Christine Taylor’s Daughter Ella Is All Grown Up During Appearance at Gala in NYC
Recommendation
Meta releases AI model to enhance Metaverse experience
Tennessee corrections chief says new process for executing inmates will be completed by end of year
Why a small shift in Milton's path could mean catastrophe for Tampa
Photos show Florida bracing for impact ahead of Hurricane Milton landfall
Nevada attorney general revives 2020 fake electors case
Why RHOSLC's Lisa Barlow Is Calling This Costar a F--king B--ch
Chicago Bears stay focused on city’s lakefront for new stadium, team president says
Victim of fraud? Protections are different for debit, credit cards.