Current:Home > MarketsThe Daily Money: Are you guilty of financial infidelity? -Secure Horizon Growth
The Daily Money: Are you guilty of financial infidelity?
View
Date:2025-04-15 20:11:24
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
- Senate begins final push to expand Social Security benefits for millions of people
- Go Behind-the-Scenes of Brittany Mahomes’ Met Gala Prep With Her Makeup Artist
- Allison Holker Shares How Her 3 Kids Are Coping After Stephen “tWitch” Boss’ Death
- Today’s Climate: May 18, 2010
- Warm inflation data keep S&P 500, Dow, Nasdaq under wraps before Fed meeting next week
- A new student filmmaking grant will focus on reproductive rights
- Why Pete Davidson's Saturday Night Live Episode Was Canceled
- It's definitely not a good year to be a motorcycle taxi driver in Nigeria
- 'We're reborn!' Gazans express joy at returning home to north
- Jamie Foxx Breaks Silence After Suffering Medical Emergency
Ranking
- Civic engagement nonprofits say democracy needs support in between big elections. Do funders agree?
- Why Pete Davidson's Saturday Night Live Episode Was Canceled
- IEA Says U.S. Could Become Desert Solar Leader—With Right Incentives
- Kourtney Kardashian's Stepdaughter Alabama Barker Claps Back at Makeup and Age Comments
- Can Bill Belichick turn North Carolina into a winner? At 72, he's chasing one last high
- Odd crime scene leads to conflicting theories about the shooting deaths of Pam and Helen Hargan
- Poisoned cheesecake used as a weapon in an attempted murder a first for NY investigators
- New Hampshire Utility’s Move to Control Green Energy Dollars is Rebuffed
Recommendation
Will the 'Yellowstone' finale be the last episode? What we know about Season 6, spinoffs
Once-Rare Flooding Could Hit NYC Every 5 Years with Climate Change, Study Warns
Maurice Edwin James “Morey” O’Loughlin
Vanderpump Rules' Ariana Madix Reunites With New Man Daniel Wai for NYC Date Night
Senate begins final push to expand Social Security benefits for millions of people
Vanderpump Rules: Ariana Madix Catches Tom Sandoval Lying Amid Raquel Leviss Affair
Dr. Anthony Fauci Steps Away
Once-Rare Flooding Could Hit NYC Every 5 Years with Climate Change, Study Warns