Current:Home > MyThe Daily Money: Are you guilty of financial infidelity? -Prosperity Pathways
The Daily Money: Are you guilty of financial infidelity?
View
Date:2025-04-19 04:21:55
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! (2)
Related
- The company planning a successor to Concorde makes its first supersonic test
- Nicki Minaj Detained by Police at Amsterdam Airport and Livestreams Incident
- Cracker Barrel CEO says brand isn't relevant and needs a new plan. Here are 3 changes coming soon.
- Five-time WNBA All-Star understands Caitlin Clark's growing pains: 'Happens to all of us'
- Trump issues order to ban transgender troops from serving openly in the military
- ‘Long Live,’ Taylor Swift performs several mashups during acoustic set in Lisbon
- Pacers guard Tyrese Haliburton to miss Game 3 vs. Celtics with hamstring injury
- Las Vegas Aces' Becky Hammon, A'ja Wilson: Critics getting Caitlin Clark narrative wrong
- Pressure on a veteran and senator shows what’s next for those who oppose Trump
- Louisiana governor signs bill to classify abortion pills as controlled substances into law
Ranking
- See you latte: Starbucks plans to cut 30% of its menu
- Nevada voter ID initiative can appear on 2024 ballot with enough signatures, state high court says
- King Charles III and Prince William cancel royal outings amid political shifts in U.K.
- Why is Messi not in Vancouver? Inter Miami coach explains absence; star watches son play
- Google unveils a quantum chip. Could it help unlock the universe's deepest secrets?
- Sophia Bush Responds After New Pics With Ashlyn Harris Spark Engagement Rumors
- Luka Doncic's 3-pointer over Rudy Gobert gives Mavs dramatic win, 2-0 lead over Timberwolves
- Your Memorial Day beach plans may be less than fin-tastic: Watch for sharks, rip currents
Recommendation
Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
Uvalde families sue gunmaker, Instagram, Activision over weapons marketing
How Arnold Schwarzenegger helped make the Ford Mustang Motor Trend's 1994 Car of the Year
A rare 6-planet alignment will occur next month. Here's what to know.
How to watch the 'Blue Bloods' Season 14 finale: Final episode premiere date, cast
Lenny Kravitz on inspiration behind new album, New York City roots and more
The Daily Money: Moving? Research the company
Why is Messi not in Vancouver? Inter Miami coach explains absence; star watches son play