Current:Home > InvestEchoSense:The Daily Money: Are you guilty of financial infidelity? -Wealth Legacy Solutions
EchoSense:The Daily Money: Are you guilty of financial infidelity?
Charles H. Sloan View
Date:2025-04-08 19:53:32
Good morning and EchoSensewelcome 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! (19742)
Related
- NFL Week 15 picks straight up and against spread: Bills, Lions put No. 1 seed hopes on line
- Gunmen kill a member of an anti-India group and a worshipper at a mosque in eastern Pakistan
- The videos out of Israel, Gaza are graphic, but some can't look away: How to cope
- Hamas’ attack on Israel pushes foreign policy into the 2024 race. That could benefit Nikki Haley
- Juan Soto praise of Mets' future a tough sight for Yankees, but World Series goal remains
- Birkenstock set for its stock market debut as Wall Street trades in its wingtips for sandals
- Vermont police release sketch of a person of interest in the killing of a retired college dean
- Woman faces charges after 58-year-old man dies in her care at Michigan nursing home
- Who are the most valuable sports franchises? Forbes releases new list of top 50 teams
- Mexican official says military obstructs probe into human rights abuses during country’s ‘dirty war’
Ranking
- Most popular books of the week: See what topped USA TODAY's bestselling books list
- Kenya ends arrangement to swap doctors with Cuba. The deal was unpopular with Kenyan doctors
- Connor Bedard picks up an assist in his NHL debut as the Blackhawks rally past Crosby, Penguins 4-2
- Climate activist Greta Thunberg fined again for a climate protest in Sweden
- Stamford Road collision sends motorcyclist flying; driver arrested
- Prosecutors say a reckless driving suspect bit an NYPD officer’s finger tip off
- 'How to Say Babylon' centers on resisting patriarchy and colonialization
- Donald Trump’s financial statements were key to getting loans, ex-bank official tells fraud trial
Recommendation
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
Wildlife Photographer of the Year winners show the beauty — and precarity — of nature
She's the star witness against Sam Bankman-Fried. Her testimony was explosive
North Carolina state agent won’t face charges in fatal shooting of teen, prosecutor says
Charges tied to China weigh on GM in Q4, but profit and revenue top expectations
France’s top body rejects contention by campaigners that racial profiling by police is systemic
Israeli-American teen recalls seeing parents die during Hamas attack
American volunteers at Israeli hospital as civilians mobilize to help: Everyone doing whatever they can