Current:Home > reviewsThe Daily Money: Are you guilty of financial infidelity? -AssetScope
The Daily Money: Are you guilty of financial infidelity?
View
Date:2025-04-15 03:36:31
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
- Google unveils a quantum chip. Could it help unlock the universe's deepest secrets?
- No. 10 Texas had nothing to fear from big, bad Alabama in breakthrough victory
- Turkey cave rescue of American Mark Dickey like Himalayan Mountain climbing underground, friend says
- How is NFL Sunday Ticket on YouTube TV? Football fans divided over early results
- Selena Gomez's "Weird Uncles" Steve Martin and Martin Short React to Her Engagement
- Air China jet evacuated after engine fire sends smoke into cabin in Singapore, and 9 people injured
- Ralph Lauren makes lavish NYFW comeback at show with JLo, Diane Keaton, Sofia Richie, more
- Small plane crash at air show in Hungary kills 2 and injures 3 on the ground
- US Open player compensation rises to a record $65 million, with singles champs getting $3.6 million
- Coco Gauff's maturity, slow-and-steady climb pays off with first Grand Slam title
Ranking
- The 401(k) millionaires club keeps growing. We'll tell you how to join.
- Dutch court sentences former Pakistani cricketer to 12 years over a bounty for a far-right lawmaker
- GOP threat to impeach a Wisconsin Supreme Court justice is driven by fear of losing legislative edge
- Panda Express unveils new 'Chili Crisp Shrimp' entrée available until end of 2023
- Costco membership growth 'robust,' even amid fee increase: What to know about earnings release
- The United States marks 22 years since 9/11, from ground zero to Alaska
- 'Great gesture' or 'these really are awful?' Readers are divided over the new Walmart cart
- European Union home affairs chief appeals for release of Swedish EU employee held in Iranian prison
Recommendation
Blake Lively’s Inner Circle Shares Rare Insight on Her Life as a Mom to 4 Kids
UK leader Sunak chides China after report a UK Parliament staffer is a suspected Beijing spy
Ralph Lauren makes lavish NYFW comeback at show with JLo, Diane Keaton, Sofia Richie, more
Todd and Julie Chrisley get reduced prison sentences after fraud convictions
Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
Joe Jonas Addresses His Crazy Week and Makes a Plea to Fans Amid Sophie Turner Divorce
Emma Stone's 'Poor Things' wins Golden Lion prize at 80th Venice Film Festival
Pee-wee Herman Actor Paul Reubens' Cause of Death Revealed