Current:Home > MarketsThe Daily Money: Are you guilty of financial infidelity? -NextFrontier Finance
The Daily Money: Are you guilty of financial infidelity?
View
Date:2025-04-16 10:12:53
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! (316)
Related
- Eva Mendes Shares Message of Gratitude to Olympics for Keeping Her and Ryan Gosling's Kids Private
- Alabama coach Kalen DeBoer showed why he isn't Nick Saban and that's a good thing
- Jimmy Kimmel's son Billy, 7, undergoes third open-heart surgery
- The Daily Money: Americans bailing on big cities
- Olympic women's basketball bracket: Schedule, results, Team USA's path to gold
- A driver with an Oregon-based medical care nonprofit is fatally shot in Ethiopia while in a convoy
- Horoscopes Today, May 27, 2024
- Mike Tyson said he feels '100%' after receiving medical care for 'ulcer flare-up'
- What were Tom Selleck's juicy final 'Blue Bloods' words in Reagan family
- Elon Musk's xAI says it raised $6 billion to develop artificial intelligence
Ranking
- Everything Simone Biles did at the Paris Olympics was amplified. She thrived in the spotlight
- What to know about airman Roger Fortson’s fatal shooting by a Florida sheriff’s deputy
- Storm-weary Texas battered again as powerful storm, strong winds kill 1, cause widespread damage
- Rapper Sean Kingston agrees to return to Florida, where he and mother are charged with $1M in fraud
- North Carolina justices rule for restaurants in COVID
- Body of newborn infant found at recreation area in northwest Missouri
- Most AAPI adults think history of racism should be taught in schools, AP-NORC poll finds
- Vest Tops Are Everywhere Right Now, Shop the Trend
Recommendation
Carolinas bracing for second landfall from Tropical Storm Debby: Live updates
Who is getting part of Melinda French Gates’ $1 billion initiative to support women and girls
Federal investigation of former Ohio House speaker ends with no charges filed
The famous 'Home Alone' house is for sale: See inside the revamped home listed at $5.25 million
Angelina Jolie nearly fainted making Maria Callas movie: 'My body wasn’t strong enough'
The Best Bikini Trimmers for Easy Touch-Ups and Silky Smooth, Summer-Ready Skin
What should I consider when weighing a new career? Career change tips. Ask HR
A petting zoo brought an alligator to a Missouri school event. The gator is now missing.