Over Half Of US States Are Bleeding Cash And Going Broke, Researchers Say — Here's Why And What It Means For You

Christy Bieber  Thu, November 28, 2024  Moneywise

Across the country, states aren't doing very well with their budgets. In fact, 27 U.S. states didn't have the money to pay their bills as of the end of fiscal year 2023, according to nonpartisan think tank Truth in Accounting. Connecticut, New Jersey, Illinois and Massachusetts faced the biggest shortfalls per taxpayer.

"There are certainly tremendous challenges going forward," Oliver Giesecke, a research fellow at the Hoover Institution at Stanford University, told CNBC in a report published Nov. 4.

The 10 Golden Rules Of Investing Everyone Should Follow

James Royal, Ph.D.  Tue, November 26, 2024 Bankrate

Investing can often be broken down into a few simple rules that investors can follow to be successful. But success can be as much about what to do as it is what not to do. On top of that, our emotions throw a wrench into the whole process. While everyone knows you need to “buy low and sell high,” our temperament often leads us to selling low and buying high.

So it’s key to develop a set of “golden rules” to help guide you through the tough times. Anyone can make money when the market is rising. But when the market gets choppy, investors who succeed and thrive are those who have a long-term plan that works.

Warren Buffett Issues A Warning For All Parents Ahead Of The $84 Trillion Great Wealth Transfer

Chloe Berger  Updated Tue, November 26, 2024  Fortune

Planning your will could make or break your family after your death, warns Berkshire Hathaway CEO and legendary investor Warren Buffett.

"Father time always wins. But he can be fickle,” the 94-year-old billionaire noted in an unusually candid letter released on Monday.

The ‘Hermit’ Savings Rules: 8 Frugal Tips for Today’s Economy

Cindy Lamothe  Mon, November 25, 2024   GOBankingRates

When your personal finances combine with your personal space, your spending habits and savings account might be working a bit more harmoniously too. Consumer practices across the world have been altered significantly over the past few years — for obvious reasons and otherwise — in what economists have dubbed “the age of the hermit consumer.”

“For ‘hermit’ consumers, it can be really easy to make impulse purchases and overspend because of how easy and convenient shopping online is,” said Carter Seuthe, CEO of Credit Summit Consolidation. “Something that can be helpful to maintain a more frugal budget is just to define your expectations and priorities when it comes to the amenities you have.”

6 Valuable Everyday Items You Should Never Throw Away

Justice Petersen  Sun, November 24, 2024 at 3:00 PM EST 3 min read

While it’s beneficial to declutter every once in a while, there are certain items around your home that, although they seem like everyday objects, can still hold significant value. Many seemingly worthless items may be better to sell, repurpose or recycle so you can help the environment, potentially make some extra money and use every item you’ve received to its fullest potential.

19 "Don't Do It" Purchases Older Adults Are Warning Millennials And Gen Z Not To Make

Alana Valko  Fri, November 22, 2024  BuzzFeed

We've all been let down by a purchase that didn't exactly meet our expectations.

And, in adulthood, buyer's remorse can sting a little harder — especially when those purchases become bigger and have more financial consequences.

Because none of us want to make the wrong bet, I asked older adults in the BuzzFeed Community to share the purchases they'd never recommend Gen Z'ers, Millennials, or any young adult make.

3 Brutal Money Lessons That No One Ever Told You About

Heather Altamirano  Sat, November 23, 2024  GOBankingRates

Everyone has to manage bills, household expenses, taxes, and money, yet personal finance isn’t something most people are taught. Financial intelligence learned early can help avoid costly mistakes down the road, but according to Ramsey Solutions, only 26 states require high schoolers to take a course on personal finance to graduate.

Unless there’s someone giving guidance along the way, hard money lessons usually come from trial and error and are often learned too late.

4 Mistakes That Make You Feel Like You’re Living Paycheck to Paycheck, According to Ramit Sethi

Marc Guberti  Fri, November 22, 2024  GOBankingRates

While it’s easy to come across statistics that show how many people are living paycheck to paycheck, Ramit Sethi provides various insights that suggest the opposite. It turns out people are doing better financially than what has been portrayed.

In a recent video, Sethi mentioned research that states 82% of individuals believe their finances are good or very good. Furthermore, the median American household has a $192,900 net worth and $8,000 stored in their checking and savings accounts.

I’m a Financial Expert: 8 Money Moves the Rich Make When Planning a Move

Cindy Lamothe   Wed, November 20, 2024   GOBankingRates

When the wealthy plan a move, it’s not just about packing boxes — it’s a strategic financial event. According to experts, they often engage in meticulous planning to optimize their assets and liabilities during this transition.

GOBankingRates spoke with Dennis Shirshikov, head of growth at GoSummer and professor of finance at City University of New York, and Melanie Musson, finance expert with Insurance Providers, to discuss the money moves the rich make when planning a move.

BEWARE: Lost Life Savings After Suspected Debit Card Scam

Danielle Antosz Tue, November 19, 2024  Moneywise

This Long Island man lost his life savings after suspected debit card scam — and got no reimbursement. Here’s why

While running errands in New York last year, Grant Holihan of Long Island received a call from Chase Bank asking him to confirm a recent purchase in Las Vegas. But Holihan, 27, claimed to have never been to Las Vegas. He suspected his debit account and PIN were skimmed at an ATM near his construction job site.