Current:Home > reviewsThe Daily Money: Are you guilty of financial infidelity? -Keystone Capital Education
The Daily Money: Are you guilty of financial infidelity?
View
Date:2025-04-26 20:43:34
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! (681)
Related
- Grammy nominee Teddy Swims on love, growth and embracing change
- Midwest sees surge in calls to poison control centers amid bumper crop of wild mushrooms
- 9 Self-Tanners to Help Make Your Summer Tan Last
- Oprah addresses Gayle King affair rumors: 'People used to say we were gay'
- Who's hosting 'Saturday Night Live' tonight? Musical guest, how to watch Dec. 14 episode
- Olympic surfer's head injury underscores danger of competing on famous wave in Tahiti
- USWNT dominates in second Paris Olympics match: Highlights from USA's win over Germany
- 14-year-old Mak Whitham debuts for NWSL team, tops Cavan Sullivan record for youngest pro
- Alex Murdaugh’s murder appeal cites biased clerk and prejudicial evidence
- 7 people shot, 1 fatally, at a park in upstate Rochester, NY
Ranking
- Elon Musk's skyrocketing net worth: He's the first person with over $400 billion
- 'Lord of the Rings' exclusive: See how Ents, creatures come alive in 'Rings of Power'
- Struggling with acne? These skincare tips are dermatologist-approved.
- Back-to-back meteor showers this week How to watch Delta Aquarids and Alpha Capricornids
- 2025 'Doomsday Clock': This is how close we are to self
- National Chicken Wing Day deals: Get free wings at Wingstop, Buffalo Wild Wings, more
- Oprah addresses Gayle King affair rumors: 'People used to say we were gay'
- Jennifer Lopez’s 16-Year-Old Twins Max and Emme Are All Grown Up in Rare Photos
Recommendation
Residents worried after ceiling cracks appear following reroofing works at Jalan Tenaga HDB blocks
Singer Autumn Nelon Streetman Speaks Out After Death of Family Members in Plane Crash
Fresh quakes damage West Texas area with long history of tremors caused by oil and gas industry
Is USA's Kevin Durant the greatest Olympic basketball player ever? Let's discuss
Senate begins final push to expand Social Security benefits for millions of people
Former tennis great Michael Chang the focus of new ESPN documentary
Minnesota prepares for influx of patients from Iowa as abortion ban takes effect
Trump and Harris enter 99-day sprint to decide an election that has suddenly transformed