Current:Home > MyThe Daily Money: Are you guilty of financial infidelity? -Summit Capital Strategies
The Daily Money: Are you guilty of financial infidelity?
View
Date:2025-04-12 02:36:22
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! (346)
Related
- The FTC says 'gamified' online job scams by WhatsApp and text on the rise. What to know.
- She called 911 to report abuse then disappeared: 5 months later her family's still searching
- Brewers' Wade Miley will miss rest of 2024 season as Tommy John strikes another pitcher
- Chants of ‘shame on you’ greet guests at White House correspondents’ dinner shadowed by war in Gaza
- A Mississippi company is sentenced for mislabeling cheap seafood as premium local fish
- Russia arrests another suspect in the concert hall attack that killed 144
- How to design a volunteering program in your workplace
- The Kardashians' Chef K Reveals Her Secrets to Feeding the Whole Family
- B.A. Parker is learning the banjo
- Another McCaffrey makes the NFL: Washington Commanders select WR Luke McCaffrey
Ranking
- Sarah J. Maas books explained: How to read 'ACOTAR,' 'Throne of Glass' in order.
- King Charles III to return to public duties amid ongoing cancer treatment
- What time is 2024 NFL draft Saturday? Time, draft order and how to watch final day
- Loved ones await recovery of 2 bodies from Baltimore bridge wreckage a month after the collapse
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
- Grab Some Razzles and See Where the Cast of 13 Going on 30 Is Now
- Student anti-war protesters dig in as faculties condemn university leadership over calling police
- Ellen DeGeneres breaks silence on talk show's 'devastating' end 2 years ago: Reports
Recommendation
Former Danish minister for Greenland discusses Trump's push to acquire island
Prom night flashback: See your fave celebrities in dresses, suits before they were famous
Why OKC Thunder's Lu Dort has been MVP of NBA playoffs vs. New Orleans Pelicans
Now that's cool: Buy a new book, get a used one for free at Ferguson Books in North Dakota
Sonya Massey's father decries possible release of former deputy charged with her death
The Best Early Way Day 2024 Deals You Can Shop Right Now
PCE inflation accelerates in March. What it means for Fed rate cuts
Eco-Friendly Cleaning Products That Are Chemical-Free & Smell Amazing