Current:Home > MyThe Daily Money: Are you guilty of financial infidelity? -TradeGrid
The Daily Money: Are you guilty of financial infidelity?
NovaQuant View
Date:2025-04-09 06:23:37
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! (84)
Related
- Meta donates $1 million to Trump’s inauguration fund
- Watch rappeller rescue puppy from 25-foot deep volcanic fissure on Hawaii's Big Island
- Why Selena Gomez and Benny Blanco Romance’s Is Like a Love Song
- How to Watch the 2024 Paris Olympics Opening Ceremony and All Your Favorite Sports
- B.A. Parker is learning the banjo
- 'Painful' wake-up call: What's next for CrowdStrike, Microsoft after update causes outage?
- Israeli airstrikes kill at least 13 people in Gaza refugee camps as cease-fire talks grind on
- Harris looks to lock up Democratic nomination after Biden steps aside, reordering 2024 race
- New data highlights 'achievement gap' for students in the US
- Kate Middleton Shares Royally Sweet Photo of Prince George in Honor of His 11th Birthday
Ranking
- The Louvre will be renovated and the 'Mona Lisa' will have her own room
- Is it possible to live without a car? Why some Americans are going car-free
- Tiger Woods watches 15-year-old son Charlie shoot a 12-over 82 in US Junior Amateur at Oakland Hills
- ACC commissioner promises to fight ‘for as long as it takes’ amid legal battles with Clemson, FSU
- Hackers hit Rhode Island benefits system in major cyberattack. Personal data could be released soon
- Biden’s decision to drop out leaves Democrats across the country relieved and looking toward future
- 12-year-old girl charged with killing 8-year-old cousin over iPhone in Tennessee
- No one hurt when CSX locomotive derails and strikes residential garage in Niagara Falls
Recommendation
Federal court filings allege official committed perjury in lawsuit tied to Louisiana grain terminal
Largest trial court in the US closes after ransomware attack, California officials say
Get 80% Off Banana Republic, an Extra 60% Off Gap Clearance, 50% Off Le Creuset, 50% Off Ulta & More
The 10 biggest Paris Olympics questions answered, from Opening Ceremony to stars to watch
How to watch new prequel series 'Dexter: Original Sin': Premiere date, cast, streaming
Pepper, the cursing bird who went viral for his foul mouth, has found his forever home
Wrexham’s Ollie Palmer Reveals What Ryan Reynolds and Rob McElhenney Are Really Like as Bosses
'A brave act': Americans react to President Biden's historic decision