Current:Home > MarketsOliver James Montgomery-The Daily Money: Are you guilty of financial infidelity? -StockSource
Oliver James Montgomery-The Daily Money: Are you guilty of financial infidelity?
NovaQuant View
Date:2025-04-11 10:32:09
Good morning and Oliver James Montgomerywelcome 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! (5581)
Related
- Hackers hit Rhode Island benefits system in major cyberattack. Personal data could be released soon
- Hailey Bieber's Dad Stephen Baldwin Credits Her With Helping Husband Justin Bieber “Survive”
- Taylor Swift Assists With “Memories of a Lifetime” for Kansas City Chiefs Alum’s Daughter
- Voting rights groups seek investigation into Wisconsin text message
- B.A. Parker is learning the banjo
- US law entitles immigrant children to an education. Some conservatives say that should change
- When does Part 2 of 'Outer Banks' Season 4 come out? Release date, cast, episodes, where to watch
- Lawyers for Sean ‘Diddy’ Combs ask judge to release identities of his accusers
- Skins Game to make return to Thanksgiving week with a modern look
- When does 'Fabulous Lives vs. Bollywood Wives' come out? Season 3 release date, cast
Ranking
- Federal court filings allege official committed perjury in lawsuit tied to Louisiana grain terminal
- Serena Williams says she had a benign cyst removed from her neck and ‘all is OK’
- Alabama Coal Plant Tops US Greenhouse Gas Polluter List for 9th Straight Year
- Davante Adams trade grades, winners, losers: Who won between Jets, Raiders?
- Tom Holland's New Venture Revealed
- Martha Stewart Reveals How She Kept Her Affair A Secret From Ex-Husband Andy Stewart
- Republicans challenge more than 63,000 voters in Georgia, but few removed, AP finds
- Unions face a moment of truth in Michigan in this year’s presidential race
Recommendation
North Carolina justices rule for restaurants in COVID
ALDI's Thanksgiving dinner bundle is its lowest price in 5 years: How families can eat for less
Ex-Louisville officer who fired shots in Breonna Taylor raid readies for 3rd trial
The Billie Eilish x Converse Collab Is Here With Two Customizable Styles—and It’s Already Almost Sold Out
Skins Game to make return to Thanksgiving week with a modern look
San Jose State volleyball at the center of another decision on forfeiting
The son of a South Carolina inmate urges the governor to save his father from execution
Another study points to correlation between helmet use on motorcycles and odds of survival