5 Best Savings Tips From Money Experts To Kick Off 2025 Right
5 Best Savings Tips From Money Experts To Kick Off 2025 Right
Chris Adam Wed, December 25, 2024 GOBankingRates
If you’ve decided to make 2025 the year of savings, there are a few steps to take first whether you are looking to improve your finances, save for a big purchase or plan for retirement.
You’ll find lots of advice and expert tips about the best ways to save and what to do with that money. Here’s a look at some of the best tips we’ve found from five top money experts.
What Your Bank Isn't Telling You About Using Your Debit Card
What Your Bank Isn't Telling You About Using Your Debit Card
Here's what your bank isn't telling you about using your debit card — and what savvy spenders do instead
Vawn Himmelsbach Updated May 31, 2024 Moneywise
The use of debit cards has been prevalent in the U.S. for decades, and for good reason. They offer several advantages over other forms of payment, such as cash and checks.
However, they also have a few downsides — and knowing what these are might make you rethink how you're paying (at least in some cases).
What Documents to Keep and for How Long
What Documents to Keep and for How Long
Daniel de Visé, USA TODAY Wed, December 25, 2024
Can I just throw out those old documents in my basement? We asked accountants.
As you ransacked your basement in search of holiday decorations, perhaps you came upon boxes of documents from the last millennium. And then, you probably asked yourself: “Couldn’t I just throw these out?”
Companies and governments often have document retention policies. Most people do not.
Common wisdom suggests we keep important papers for seven years, for reasons that, we vaguely recall, have something to do with taxes.
What You Should — And Shouldn't — Do If You Win The Mega Millions Jackpot
What You Should — And Shouldn't — Do If You Win The Mega Millions Jackpot, according to an expert
Kate Murphy ·Reporter Updated Tue, December 24, 2024 Yahoo News
There’s still a chance — 1 in nearly 303 million — for a lucky winner to score the Mega Millions jackpot, which climbed to an estimated $1 billion ahead of Tuesday's 11 p.m. ET drawing.
While securing the golden ticket is all a matter of luck, holding on to one’s newfound fortune after such a windfall requires some strategy.
5 Toxic Money Habits You Should Stop Right Now
5 Toxic Money Habits You Should Stop Right Now, According to Financial YouTuber Tae Kim
John Schmoll Sun, December 22, 2024 GOBankingRates
Managing your finances takes work and commitment. Unfortunately, it’s far too easy to betray our goals through inaction or following certain toxic money habits. In some cases, you may need to get out of your own way and determine actionable goals.
3 Scary Truths About the Future of Social Security
3 Scary Truths About the Future of Social Security
Lydia Kibet Sun, December 22, 2024 GOBankingRates
For millions of Americans, Social Security isn’t just a paycheck. It’s a lifeline. With many reports that Social Security benefits may run out by 2035, it’s unclear what the future holds. Whether you’re already retired or still years away, you need to know these hard truths about the future of Social Security.
The Program Could Be Insolvent by 2035
What most people don’t get is that Social Security isn’t going bankrupt. It’s running a deficit, which means the program doesn’t have enough cash (coming in from upcoming payroll taxes) to fund benefits fully. For this reason, the Social Security Administration (SSA) has been pulling money from its trust funds to avoid the benefit cuts so far.
What To Do If You Win The Mega Millions Jackpot
What To Do If You Win The Mega Millions Jackpot
Jordi Lippe-McGraw Sun, December 22, 2024
Did someone ask for a green Christmas?
Should someone win the Dec. 24 Mega Millions drawing, they would be waking up Christmas morning with an estimated $944 million in their pocket.
If won, the prize money, which equates to $429.40 million in cash, would be the largest amount won in December and the seventh largest in Mega Millions history.
No winner was named in the Dec. 20 Mega Millions drawing, which featured a jackpot totaling an estimated $825. The winning numbers were 2, 20, 51, 56 and 67, and 19 for the Mega Ball.
13 Habits of Highly Effective Risk-Takers
13 Habits of Highly Effective Risk-Takers
By Nate Silver GEAR Newsletter DEC 19, 2024 4:00 AM
From poker players to venture capitalists, there’s a mindset to making the most of opportunities, and engineering the odds of success.
I played poker professionally before I ever wrote about politics or built an election model. What really fascinates me about gambling is the mindset that drives this behavior—a way of thinking that unites a cohort I call “the River.”
The River is a sprawling ecosystem of like-minded people that includes everyone from low-stakes poker pros to crypto kings and VC billionaires.
How Homebuyers Can Stay Safe In 2025
How Homebuyers Can Stay Safe In 2025
Danielle Antosz Wed, December 18, 2024 Moneywise
West Virginia couple loses $255K, life savings in real estate scam — how homebuyers can stay safe in 2025
After months of house-hunting, Raegan Bartlo and her husband finally found their dream home in a small West Virginia community just a few hours from Washington, D.C.
But that dream became a nightmare as a few days before the closing, Bartlo received an email she thought was from her title company. The email provided instructions on how to wire the money for closing. She wired the $255,000 down payment as per the email’s directions, ABC 7 reported.
The Fed Saves Its Own XXX at Your Expense
The Fed Saves Its Own XXX at Your Expense
Notes From the Field By James Hickman (Simon Black) December 19, 2024
Marco Polo never actually set foot on Japanese soil. But that didn’t stop him from writing the most wildly exaggerated tales about the immense, incredible wealth of Japan-- which he called Cipangu.
Supposedly Marco Polo had spoken to merchants and traders who’d been there, but it’s entirely possible he made it all up—typical for Marco Polo and his tall tales.
Nevertheless, about a century and a half later, a young Italian sailor devoured Polo’s writings and became convinced he had to lead an expedition to Cipangu and exploit the unimaginable wealth described in Polo’s stories.
Cliff-side Villa - $10M In The Bank — With No Heirs. Who Should Get My Fortune?
I’m 79, Live In A Cliffside Villa In California And Have $10M In The Bank — With No Heirs. Who Should Get My Fortune?
Christy Bieber Tue, December 17, 2024 Moneywise
A 79-year-old in a villa with $10 million in the bank has a very large potential legacy to leave — but what if there's no obvious person to leave it to?
In His Situation, You Must Take Action.
You need to make an estate plan. Otherwise, default intestacy laws apply. These kick in when someone dies without a will. The law dictates who will inherit, starting with closest relatives and proceeding to more distant relations. However, if no relatives are found, the funds could go to the state.