Trump’s new law set for next year will leave you paying taxes on gambling losses — here’s why lawmakers are fighting it, saying it would be a mistake
Rolling the dice just got a whole lot riskier under President Donald Trump’s One Big Beautiful Bill. A few short lines in the 940-page bill could have an oversized impact on the gambling and sports betting industry. The bill, which was signed into law in July, goes into effect next year. Must Read Thanks to […]
Rising mortgage costs put Canadian homeowners at risk
A growing number of Canadians could face difficulties making mortgage payments when they renew their loans this year and next, according to the Canada Mortgage and Housing Corp. (CMHC). The housing agency says it is monitoring the situation closely as higher interest rates push monthly payments higher. “My overall expectation is that delinquencies and arrears […]
New Hampshire man in his 70s says his wife’s compulsive shopping is eating away at their savings — and Dave Ramsey says it’s time for tough love
While retail therapy can seem like a harmless way to blow off some steam after a long week at work, the urge to splurge has a dark side. For some, it can become a full-blown addiction — complete with secrets, shame and a serious financial mess from which it may take years to recover. Must […]
EV sales surged 17.7% in August as Americans raced to buy before a popular tax credit expired — how to still snag a deal if you missed the deadline
For anyone who’s planning on buying an electric vehicle in the near future, we’ve got some good news and some bad news to share. Let’s start with the bad news: the federal EV tax credit — which offered $7,500 to those who purchased a new EV and $4,000 to those who purchased a used model […]
Atlanta mom unsure if she should let her influencer daughter, 15, who earns nearly $100K, buy herself a $50K Jeep — what The Ramsey Show tells her
An Atlanta mother called The Ramsey Show with an unusual question: her 15-year-old daughter is a successful social media influencer, earning between $8,000 and $10,000 a month. Her manager projects that she could make $100,000 next year. Now the teen has her heart set on a new Jeep Wrangler, which would cost the teen around […]
I’m 52 and struggling to get by with my disability and meager income. I stripped my budget to the bone, sold my car and even nixed Netflix. What now?
Even after canceling Netflix, selling the car and eating almost every meal at home, the math still doesn’t work. At 52, living with a disability, Henry’s stripped his budget to the bone — but rent, medical bills, groceries and debt payments keep pulling him underwater. This scenario isn’t merely about skipping avocado toast or lattes […]
Buffett, Gates’ ‘Giving Pledge’ fundraiser losing billionaire support despite skyrocketing wealth. Is philanthropy dead or just changing?
In 2010, Bill Gates, Melinda French Gates and Warren Buffett issued a bold call to action: They promised to donate the majority of their vast fortunes to philanthropy. They invited their fellow billionaires to do the same. The Giving Pledge initiative attracted some of Canada’s wealthiest — including names like John and Marcy McCall MacBain. […]
Dave Ramsey tells Wisconsin cardiologist earning $650K he doesn’t ‘deserve’ a $250K Porsche — how he says to appease his inner 4-year-old instead
Recently, a caller toThe Dave Ramsey Show asked whether he should buy a $250,000 Porsche, seemingly expecting the famously frugal finance guru to quash the idea — but his answer was surprising. Ramsey was actually not opposed to the luxury car purchase in theory, given the caller’s high income, but he discouraged him from heading […]
Trump’s tariffs bring in record revenues, could reduce deficit by $4T — but will American households pay the price?
Although they have roiled markets, there’s no question that President Donald Trump’s trade policy actions have boosted the federal government’s customs revenues. The good news is this additional money coming in will help reduce the national deficit as well. Must Read Thanks to Jeff Bezos, you can now become a landlord for as little as […]
Americans have abandoned as many as 31.9 million 401(k) accounts — with average balances of $66,691. What to do if you’ve lost track of your savings
If you’ve switched jobs, what did you do with your 401(k)? If you don’t remember, or if it’s still with your previous employer, you may be leaving hard-earned cash on the table. More than half (54.3%) of working-age American families had a retirement account with a median value of $86,900, according to 2022 data from […]