Current:Home > reviewsSurpassing:The Daily Money: Are you guilty of financial infidelity? -Elite Financial Minds
Surpassing:The Daily Money: Are you guilty of financial infidelity?
Algosensey Quantitative Think Tank Center View
Date:2025-04-08 07:43:57
Good morning and Surpassingwelcome 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
- Stamford Road collision sends motorcyclist flying; driver arrested
- A Mississippi officer used excessive force against a man he arrested, prosecutors say
- Software company CEO dies 'doing what he loved' after falling at Zion National Park
- Tech CEO Justin Bingham Dead at 40 After 200-Ft. Fall at National Park in Utah
- Gen. Mark Milley's security detail and security clearance revoked, Pentagon says
- Stellantis, seeking to revive sales, makes some leadership changes
- Anna Delvey's 'DWTS' partner reveals 'nothing' tattoo after her infamous exit comment
- Princess Kate makes surprise appearance with Prince William after finishing chemotherapy
- Will the 'Yellowstone' finale be the last episode? What we know about Season 6, spinoffs
- Yankees get past Royals to reach ALCS, seeking first World Series since 2009
Ranking
- Backstage at New York's Jingle Ball with Jimmy Fallon, 'Queer Eye' and Meghan Trainor
- Martha Stewart Says Prosecutors Should Be Put in a Cuisinart Over Felony Conviction
- What if you could choose how to use your 401(k) match? One company's trying that.
- Martha Stewart Reveals She Cheated on Ex-Husband Andy Stewart in the Most Jaw-Dropping Way
- South Korea's acting president moves to reassure allies, calm markets after Yoon impeachment
- Martha Stewart admits to cheating on husband in Netflix doc trailer, says he 'never knew'
- How many points did Bronny James score tonight? Lakers-Bucks preseason box score
- A second ex-Arkansas deputy was sentenced for a 2022 violent arrest
Recommendation
Alex Murdaugh’s murder appeal cites biased clerk and prejudicial evidence
Abortion has passed inflation as the top election issue for women under 30, survey finds
ACC commissioner Jim Phillips bullish on league's future amid chaos surrounding college athletics
Hurricane Threat Poised to Keep Rising, Experts Warn
The city of Chicago is ordered to pay nearly $80M for a police chase that killed a 10
Back-to-back hurricanes reshape 2024 campaign’s final stretch
A $20K reward is offered after a sea lion was fatally shot on a California beach
Coats worn by Carolyn Bessette-Kennedy, fashion icon and JFK Jr.'s wife, to be auctioned