Current:Home > ContactThe Daily Money: Are you guilty of financial infidelity? -ClearPath Finance
The Daily Money: Are you guilty of financial infidelity?
View
Date:2025-04-17 13:37:46
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! (7)
Related
- The White House is cracking down on overdraft fees
- Los Angeles police Chief Michel Moore announces he is retiring at the end of February
- How much do surrogates make and cost? People describe the real-life dollars and cents of surrogacy.
- As a new generation rises, tension between free speech and inclusivity on college campuses simmers
- 'Most Whopper
- They’re not aliens. That’s the verdict from Peru officials who seized 2 doll-like figures
- U.S. warns of using dating apps after suspicious deaths of 8 Americans in Colombia
- The Excerpt podcast: U.S. military launches strikes on Houthis in Yemen
- North Carolina trustees approve Bill Belichick’s deal ahead of introductory news conference
- Judge orders Indiana to strike Ukrainian provision from humanitarian parole driver’s license law
Ranking
- Video shows dog chewing cellphone battery pack, igniting fire in Oklahoma home
- Stop, Drop, and Shop Free People’s Sale on Sale, With an Extra 25% Off Their Boho Basics & More
- They’re not aliens. That’s the verdict from Peru officials who seized 2 doll-like figures
- Michael J. Fox explains why 'Parkinson's has been a gift' at National Board of Review gala
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
- Tragedy unravels idyllic suburban life in 'Mothers' Instinct' trailer with Anne Hathaway, Jessica Chastain
- A Florida hotel cancels a Muslim conference, citing security concerns after receiving protest calls
- Kalen DeBoer's first assignment as Alabama football coach boils down to one word
Recommendation
9/11 hearings at Guantanamo Bay in upheaval after surprise order by US defense chief
Alaska ombudsman says Adult Protective Services’ negligent handling of vulnerable adult led to death
Justin Timberlake announces free surprise concert in Memphis: 'Going home'
House Republicans shy away from Trump and Rep. Elise Stefanik's use of term Jan. 6 hostages
Drones warned New York City residents about storm flooding. The Spanish translation was no bueno
Stop, Drop, and Shop Free People’s Sale on Sale, With an Extra 25% Off Their Boho Basics & More
Rapper G Herbo sentenced to 3 years probation in credit card fraud scheme
Ukrainian trucker involved in deadly crash wants license back while awaiting deportation