Current:Home > ContactThe Daily Money: Are you guilty of financial infidelity? -AssetTrainer
The Daily Money: Are you guilty of financial infidelity?
View
Date:2025-04-15 17:50:59
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! (4184)
Related
- North Carolina trustees approve Bill Belichick’s deal ahead of introductory news conference
- Nikki Haley pressed on whether Trump a danger to democracy
- What’s More Harmful to Birds in North Dakota: Oil and Gas Drilling, or Corn and Soybeans?
- This summer has been a scorcher. DHS wants communities to plan for more of them
- Meet the volunteers risking their lives to deliver Christmas gifts to children in Haiti
- Toddler remains found at Georgia garbage station could close missing child case
- Aaron Judge's first 3-homer game helps Yankees snap 9-game losing streak
- Chickens, goats and geese, oh my! Why homesteading might be the life for you
- EU countries double down on a halt to Syrian asylum claims but will not yet send people back
- New York Police: Sergeant suspended after throwing object at fleeing motorcyclist who crashed, died
Ranking
- Trump suggestion that Egypt, Jordan absorb Palestinians from Gaza draws rejections, confusion
- Kroy Biermann Files for Divorce From Kim Zolciak Less Than 2 Months After Reconciling
- Chinese man rides jet ski nearly 200 miles in bid to smuggle himself into South Korea, authorities say
- Launch of 4 astronauts to space station bumped to Saturday
- Head of the Federal Aviation Administration to resign, allowing Trump to pick his successor
- Michael Oher in new court filing: Tuohys kept him 'in the dark' during conservatorship
- Sandwich chain Subway will be sold to fast-food investor Roark Capital
- Trump praises Jan. 6 crowd, repeats election lies in online interview while skipping GOP debate
Recommendation
Working Well: When holidays present rude customers, taking breaks and the high road preserve peace
AP Week in Pictures: Global | Aug 18 - Aug. 24, 2023
Police arrest two men in suspected torching of British pub cherished for its lopsided walls
Fantasy football values for 2023: Lean on Aaron Rodgers, Michael Robinson Jr.
Why Sean "Diddy" Combs Is Being Given a Laptop in Jail Amid Witness Intimidation Fears
Nerve agents, poison and window falls. Over the years, Kremlin foes have been attacked or killed
Inmates death at Missouri prison is the third this month, eighth this year
Starbucks’ Pumpkin Spice Latte turns 20: The famous fall beverage that almost wasn't