Current:Home > InvestThe Daily Money: Are you guilty of financial infidelity? -TradeStation
The Daily Money: Are you guilty of financial infidelity?
View
Date:2025-04-16 20:11:02
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! (55)
Related
- 'Malcolm in the Middle’ to return with new episodes featuring Frankie Muniz
- How Timothée Chalamet Helped Make 4 Greta Gerwig Fans' Night
- Autoworker union not giving Biden an easy ride in 2024 as contract talks pick up speed
- Braves turn rare triple play after Red Sox base-running error
- What to watch: O Jolie night
- Xbox Game Pass Ultimate is a new way to play—try one month for just $1
- ‘Our own front line’: Ukrainian surgeons see wave of wounded soldiers since counteroffensive began
- Lionel Messi scores two goals, leads Inter Miami to 4-0 win over Atlanta United
- McKinsey to pay $650 million after advising opioid maker on how to 'turbocharge' sales
- Department of Education opens investigation into Harvard University's legacy admissions
Ranking
- Person accused of accosting Rep. Nancy Mace at Capitol pleads not guilty to assault charge
- ‘It was like a heartbeat': Residents at a loss after newspaper shutters in declining coal county
- X's and Xeets: What we know about Twitter's rebrand, new logo so far
- It's hot out there. A new analysis shows it's much worse if you're in a city
- Travis Hunter, the 2
- Car buyers bear a heavy burden as Federal Reserve keeps raising rates: Auto-loan rejections are up
- 3 US Marines found dead inside car at North Carolina gas station near Camp Lejeune
- Rudy Giuliani is not disputing that he made false statements about Georgia election workers
Recommendation
'Squid Game' without subtitles? Duolingo, Netflix encourage fans to learn Korean
Decades in prison for 3 sentenced in North Dakota fentanyl trafficking probe
Ex-Oregon prison nurse convicted of sexually assaulting 9 women in custody
Volunteers working to save nearly 100 beached whales in Australia, but more than half have died
The Best Stocking Stuffers Under $25
Gigi Hadid Spotted for the First Time in Public Since Arrest
Celtics' Jaylen Brown agrees to richest deal in NBA history: 5-year, $304M extension
Jason Aldean blasts cancel culture, defends Try That in a Small Town at Cincinnati concert