I’m 31, inherited $100,000 from my grandma, and my fiancée says I’m ‘stingy’ for refusing to spend it on a ‘dream’ wedding — but I want to use it for a house, kids. Am I wrong for saying no?
When Jim’s grandmother passed away, he didn’t just inherit her favorite teacups or photo albums — he inherited $100,000, and with it, a dream she always had for him: building a future, buying a home and starting a family. Not long ago, Jim proposed to his girlfriend of three years. They’d been planning a small, […]
I’m 59 years old, single and dreaming of retirement — but I’m still carrying an $81,000 mortgage balance. Do I have to wait to leave the workforce until it’s fully paid off?
Imagine this scenario: Brenda is 59, single, has no children and is eyeing retirement. The hitch? She still has $81,000 outstanding on her mortgage, so she’s wondering if it makes sense to remain in the workforce until it’s paid off. If she retires with a mortgage, she’d join a growing share of older Americans who’ve […]
‘Mind boggling’: Some Californians making six figures now qualify for low-income housing, as report reveals 41% of households there are ‘cost burdened’ — making it the highest rate in the US
California is in the midst of a housing affordability crisis. And whether you are renting or buying, “the salaries that people once strived for often are no longer enough,” reporter Steve Large with CBS News Sacramento said. Household income levels — based on the latest data from California’s Department of Housing and Community Development — […]
New Texas state law allows fracking wastewater to be used for crops amid a looming ‘severe shortage of water’ — but it’s got some farmers and ranchers on edge
Texas is facing a major water shortage. The state’s population is projected to grow 73% by 2070, while its water supply is expected to shrink by 18%. Already, aging infrastructure is leaking over 570,000 acre-feet of water each year, and officials warn that by 2030, Texas could face a severe shortage. The state’s two main […]
‘The house is on fire, darling’: Canadian man sitting on a shocking $1.8M debt — with a second child on the way. What Dave Ramsey says to do ASAP before everything goes up in flames
While homeownership was once viewed as a path to wealth and financial stability, some homeowners are feeling trapped by homes they can no longer afford. Take Mendy, for example. This 35-year-old from Canada has a total of $1.8 million in debt, which includes his family home and a triplex he was renting out in Montreal. […]
I’m 56 and my wife died suddenly a few weeks ago. I’m finally ready to think about the future, but she made 65% of our income and I won’t be able to afford our bills on my own — what do I do?
Consider this scenario: Paul’s wife unexpectedly passed away a few weeks ago. Aside from the shock of losing the love of his life, he has a new source of stress he wasn’t prepared for: His wife made 65% of their household income. And he can’t afford the mortgage on his own. Don’t miss I’m 49 […]
Here are 3 Social Security myths that can ruin your retirement — are you falling victim to any of them?
Your friend’s cousin on Facebook may be a smart guy, but since he’s not a tax expert, you might want to avoid taking advice from him on the latest Social Security benefit rules. If you have questions about Social Security, your best bet for information is the Social Security Administration (SSA) website or your financial […]
Wall Street-backed firms are squeezing hopeful homebuyers out of the real estate market in California — and 1 lawmaker says it amounts to ‘housing-crisis profiteering’
A California real estate analyst discovered that thousands of homes in the state are owned by big Wall Street firms. And, in the midst of a housing affordability crisis, the California State Assembly is taking notice. Curious about how many California homes are owned by Texas-based real estate investment trust (REIT) Invitation Homes, Ryan Lundquist […]
OIder Americans got fleeced online last year, FBI says, losing an average $83,000 to scams. Here’s how to learn from their mistakes
Being robbed doesn’t always happen at gunpoint. Cybercriminals can sneak into your home through your computer and your phone — and may make you an unwitting accomplice to your own robbery. It’s a problem for everyone, but if you’re over 60, you’re particularly vulnerable. Last year, losses to cybercrime increased 33% from 2023 to a […]
My mom, 60, is deep in debt and she’s demanding I take out a loan to help her pay it off — I already said no but now she’s telling everyone in our family I’ve ‘betrayed’ her. What do I do?
Picture this: Tabatha, 29, is a registered nurse who makes about $80,000 a year. She’s always been responsible with her money, which means she’s debt-free, has an emergency fund and is setting aside money for her future. But her mom, who is $20,000 in debt, is now pressuring Tabatha to take out a loan to […]
