More millennials are living with a significant other than any other generation, according to Pew Research. But after the first flush of excitement, there’s a ton of details to work out. Like finances. Nothing wrecks cohabiting bliss like fighting over money. Living together and figuring how to make it work financially is a growing issue,
When Kate lived in New York City, she used to shop every day. If she went to shop for designer hand bags, she wouldn’t just buy one. She would buy three. If she went shopping for designer shoes, she would buy six pairs at a time. In order to find room for her purchases, she
When Will Mouat, 41, heard there might be a career opportunity in self-driving cars, he jumped. Even though he did not have an engineering background – a lawyer, Mouat had previously worked on the legal teams at PicsArt, a software company, and Shazam, an app that recognizes music – he was enthralled by the potential
Divorce throws a wrench in many long-term plans, from savings to retirement and beyond. If you’re divorcing and have children, even if they are young, you should also consider the impact the end of your marriage will have on their college plans. Some states require divorcing couples to address how they will pay for their
If you’re looking for a job, you might want to think twice about posting that suggestive photo of you double-fisting margaritas on a booze cruise. More than half of employers (57 percent) that check job candidates’ social media say they’ve seen content that has caused them to eliminate a person as a job contender, according
Recent wild market swings may not be for the faint of heart, but they are actually welcomed by some investors. In fact, many view increased market volatility as a golden opportunity, according to a new report by the American Institute of CPAs, or AICPA. Nearly half, or 48 percent, of investors said that a volatile
Michael Taylor used to sell bonds for Goldman Sachs. Now he’s focused his efforts on making young people understand the importance of investing early. “We don’t teach compound interest math in school,” Taylor said. In his new book, The Financial Rules for New College Graduates, along with a YouTube series, he breaks down the concept.
Millennials are upsizing their financial goals. Well, at least millennial men are. The gap between what millennial men and millennial women aspire to earn is widening, according to a TD Ameritrade survey. The brokerage questioned 1,519 Americans, ages 21 to 37, throughout the U.S., in an online survey in February and March. Men said they’d
When it comes to buying a home, $300,000 will get you more house in some states than others. Personal finance website GOBankingRates used real estate website Zillow’s home price index to determine just how far that much money can go. Some of the results — which peg the Northeast and West Coast as high-cost and
Call it credit phobia. About 14 percent of adults don’t check their credit reports due to fear of what they’ll find, according to a recent online survey of more than 500 consumers by WalletHub. Younger consumers are more likely to harbor that aversion, as are women. “It can be fear of the unknown,” said Jill
If income inequality continues to grow, so, too, will the gap between wealthy and struggling retirees. That’s the takeaway from a new report by the Urban Institute, a progressive think tank in Washington, D.C., and funded by the Department of Labor, which analyzed how rising inequality will shape the landscape of American retirement. “People have
When it comes to choosing a college, affordability is now one of the most important criteria for families. But crossing off a pricey private school could be a big mistake. It’s true that public schools charge less than half as much, on average. At public, four-year institutions, the cost for the 2017-18 school year was
Just as taxes is a certainty in life, it also may be an inevitability when it comes to another important aspect of retirement: your Social Security benefits. The fact that Uncle Sam could dip into your benefits could be yet another reason why you might want to delay claiming well past age 62. Age 62
How long has it been since you looked at your resume? You’ve acquired skills and experience since starting your job – but on paper, your resume shows you as a fly trapped in amber. Perhaps you’re not looking to make a change, yet experts say the time to forget about your professional profile is never.
When the phone rang, James Hunter’s legs burned in pain. Ever since an accident when he was 30, he’s been paralyzed from the waist down, and the relentless calls from Navient about his student loans triggered his nerves. “Any time my phone would ring, I would get an anxiety attack,” Hunter, 44, said. His $60,000
When it comes to college, rising costs are more reliable than a degree. However, some schools are bucking the trend, slashing tuition in hopes of attracting more students and families struggling with the weight of a college tab . Most recently, Cooper Union for the Advancement of Science, in the heart of New York City,
If the remainder of your summer plans includes taking to the skies, don’t be surprised if you encounter an offer for an airline credit card. With enticing benefits, these cards can make future flights less expensive as you earn air miles for purchases made on the card. Yet if you don’t use them right, they’ll
There is a laundry list of considerations students should keep in mind when selecting a college. After you’re accepted, it’s important to look at both cost and class offerings for the degree or career you hope to pursue, as well as the overall fit of the school. Turns out, not all states are equal in
Homeowners who face a big tax bill when they sell their house could emerge as beneficiaries of a Trump administration plan to change how investment gains are taxed. Breathing new life into an idea that has been around for several decades, the Treasury Department is studying whether it can bypass congressional approval to index long-term
Living well on less is a constant in retirement planning. If life in the U.S. seems as if it would overstretch your assets, you might want to consider moving abroad. Moving overseas takes planning and research. You’ll want to check visa and residency requirements, and health-care access. Remember, you’ll still be taxed as a U.S.
The Federal Reserve did not raise interest rates Wednesday, but it did set the stage for a September hike. That gives consumers time to firm up their finances. Fed officials, including Chairman Jerome Powell, have already raised interest rates twice this year and pointed to two more increases before the end of 2018. Yet just
With individual tax rates down, a new boogeyman is haunting investors: inflation worries. Those were the findings from the American Institute of CPAs’ Personal Financial Satisfaction Index, which measures investors’ “financial pleasure” or “financial pain” based on a range of economic factors, including personal taxes, inflation, job openings and real home equity. Overall, the Personal
Anyone who’s ever had family or friends ask to borrow money knows it can be a tricky situation to navigate. Saying no can be easy if you’re struggling to cover your own expenses. Yet for those who can afford to part with the money, knowing how to set boundaries can be challenging. “You don’t want
If your plans for your next international trip fell apart, would you get your money back? Many Americans want to make sure the answer to that question is yes by purchasing travel insurance, according to a new survey from travel organization AAA. To that point, 38 percent of 1,003 adults who participated in a phone
If you were hoping a raise would help you pad your emergency fund, prepare to be disappointed. That’s because your brain has learned to prioritize earning more money over saving it, according to a recent study from a team of neuroscientists at Cornell University. “There’s this implicit blame that people aren’t working hard enough and
There’s always a catch. For instance, someone offers you your dream home — whether it’s a villa in Tuscany or a Palm Springs mid-century ranch — at zero financial cost to you. But you’d have to give up a beloved pet, or turn down a fantastic job. Or cheer for the Cleveland Browns, who didn’t
If your student loan balances are high and you have a long time until retirement, it can be difficult to decide which financial goal should be your priority. Should you sock all of your extra money toward getting those loan balances down? Or, should you instead focus on growing your money through your retirement savings?
As students head off to college this fall, they will be brimming with excitement — as well as anxiety. More than anything, the top concern parents and children share is how they will afford college and deal with the debt burden that goes hand-in-hand with a degree, according to The Princeton Review’s 2018 College Hopes
Meg Taylor and Phillip Mitchell started dating in 2014. Within a few weeks, people were joking that they acted like a married couple. But they weren’t ready to walk down the aisle. They were, however, ready to become homeowners. The couple bought a five-bedroom brown house with a bright red door in Glastonbury, Connecticut, where
Kanye West may be a great performer, but can he also pick high-performing stocks? It turns out that the rapper may have a future in finance. According to CNBC’s analysis, the portfolio that West chose for his wife, entrepreneur Kim Kardashian, outperformed the S&P 500 by more than 40 percent. Last Christmas, West surprised Kardashian