I have $10K saved for emergencies but $9K in credit card debt — should I raid my savings to clear my debt or keep chipping away monthly?
According to 2024 data from the Federal Reserve, 46% of American credit card holders carried a balance at least once during the previous 12 months. In addition, LendingTree reports the average interest rate on current credit card accounts is 21.16%. (1) With so much high-interest debt hanging over their heads, it makes sense for consumers […]
Most Canadians lack a financial safety net if illness strikes: RBC
Rising costs and household debt aren’t the only financial risks Canadians face — many remain unprepared for the sudden shocks that could derail their income or health. A new survey from RBC Insurance finds most Canadians would struggle to cope with the financial impact of a major illness — and few have a plan in […]
I was the beneficiary of my late wife’s IRA and 401(k) — but I want our kids to get the cash. Do I still have to take minimum distributions one day?
Losing a spouse is an incredibly difficult experience as it is. Untangling their finances after they die only adds to the strain — particularly when it comes to retirement accounts. Imagine Stan, a 70-year-old widower who inherited his 71-year-old wife’s Roth IRA and her 401(k) when she passed. Must Read Thanks to Jeff Bezos, you […]
My husband and I earn $200K a year and ideally we’d like to go on vacation every 2 months — but is 6 vacations a year financially irresponsible?
At the end of pandemic-era restrictions, many Americans prioritized traveling and visiting new places. Though that urge is still strong, recent economic uncertainty has likely made some recalibrate what maintaining that lifestyle is worth. Let’s say, for example, that you and your spouse live in New York and have gotten used to traveling every couple […]
I moved cross-country for work 8 months ago but my Nashville home still hasn’t sold. Do I take it off the market and rent it out — or sell at a loss?
Some people are hesitant to commit to homeownership for fear of being tethered to one place. If you’re offered a great job in a new city, taking it becomes harder if you own a home you then need to figure out what to do with. If you’re a Nashville homeowner who’s moved to Phoenix for […]
Dave Ramsey gives blunt advice to Wisconsin woman who made $1.1M trading stocks — why he tells her to change her strategy or risk losing everything
On a recent episode of The Ramsey Show, Michelle from Wisconsin told co-hosts Dave Ramsey and George Kamel about her interesting and enviable dilemma. In 2022, Michelle made a bold move by investing a large sum — $270,000, much of which she received as a life insurance payment for the death of her husband — […]
Georgia widow’s family says she’s being evicted by company that didn’t pay for her home — now she’s hospitalized over the stress. How’d this happen?
When Kimberly Gravitt — a widow from Gwinnett County — fell behind on her mortgage, she reached out to a company she believed would serve as a lifeline: Homesaver 911. However, signing up for this company’s services wound up setting off a chain of events that has left her with nothing. Gravitt is now facing […]
‘How bad of an idea is it?’: Man wants to ‘gift’ his 18-year-old son his childhood home but is worried it’s a bad move. Dave Ramsey responds
This article adheres to strict editorial standards. Some or all links may be monetized. American baby boomers are expected to pass on an astronomical $84 trillion in inheritances to their heirs over the next 20 years in what’s being dubbed “the great wealth transfer.” However, offering monetary gifts to adult kids can be tricky. On […]
I’m almost 50 and don’t have enough retirement savings. What should I do? Don’t panic. Here are 6 solid ways you can catch up
This article adheres to strict editorial standards. Some or all links may be monetized. Retirement planning is often seen as a distant concern — until it isn’t. In a recent post on X (formerly known as Twitter) that went viral, a 49-year-old confessed to having $0 savings for retirement and only $900 in their bank […]
Trump takes Halloween? Tariffs cost California business owner an extra $800K to stock spooky supplies, as US families’ costume budgets creep up
The Halloween industry is suffering from a scary surprise this year: tariffs. Around 90% of Halloween costumes and products contain at least one component from China, according to the Halloween and Costume Association, an industry group (1). So, the 30% import tax on Chinese goods is putting upward pressure on prices for Halloween shoppers (2). […]