DINARRECAPS8 4/14/25 DINARRECAPS8 4/14/25

What It Really Means To Help Someone — And The Consequences That Can Follow

He borrowed $20K from his brother — then crashed the car he bought instead of going to law school

Victoria Vesovski Moneywise Sun, April 13, 2025

When a loved one is in need, lending a helping hand can feel like second nature — even with a price tag.

On a recent episode of his new Netflix talk show, Everybody’s Live With John Mulaney, the comedian explores what it really means to help someone — and the consequences that can follow.

He’s joined by actor Michael Keaton and Jessica Roy, a personal finance columnist for the San Francisco Chronicle. Their first caller was Dylan from Montville, New Jersey, who borrowed $20,000 from his brother to attend law school. But instead of cracking open textbooks, Dylan bought a car. Then he crashed it. After selling the wreck for scrap, only $1,200 of the original $20,000 remained

DINARRECAPS8 4/8/25 DINARRECAPS8 4/8/25

Hoarding Cash and Delaying Purchases

Hoarding Cash and Delaying Purchases: Anxious Retirees React To The Stock Market Selloff

Alicia Adamczyk Updated Mon, April 7, 2025 Fortune

Though few people are enjoying the tariff-induced market meltdown, it is an especially tough time for retirees and those near retirement, who have been hit with a double financial whammy: Not only are their portfolios losing value at a time when they can least afford it, but they are also often the people least able to absorb higher costs on their fixed incomes.

Though financial advisors generally advise clients to remain calm in the face of market volatility, they say some clients have made a few key moves over the past few days to put themselves in better positions.

DINARRECAPS8 4/6/25 DINARRECAPS8 4/6/25

These Are the 6 Most Common Money Questions

I’m a Financial Influencer: These Are the 6 Most Common Money Questions I’m Asked

Nicole Spector Tue, July 30, 2024 GOBankingRates

With general financial literacy and better financial planning exploding on social media, millions of folks are turning to financial influencers to get their money questions answered without breaking the bank.

What are people the most curious or confused about? What are they reaching out to financial influencers to find out about? And how do financial influencers answer their queries or point them in the right direction?

GOBankingRates spoke with Jeff Sekinger, a financial innovator and entrepreneur, and the CEO and founder of Nurp LLC. Sekinger courts a following of 1.1 million on Instagram.

DINARRECAPS8 4/4/25 DINARRECAPS8 4/4/25

Do I Have to Worry About Gift Tax?

If I Give My Child $30,000 Towards Their Wedding, Do I Have to Worry About Gift Tax?

Mark Henricks Sat, July 27, 2024 SmartAsset

Imagine your child is getting married and you want to help pay for their wedding. You’ve been saving for years and now have $30,000 set aside for their big day, which you plan to hand over in the form of a check.

However, before you pass along that much cash, it’s important to understand the potential tax implications of making a $30,000 gift. A gift that size could require you to pay the federal gift tax, which can reach up to 40%. The good news is you may avoid paying gift taxes altogether, but there are reporting requirements and other limitations to keep in mind. Consult a financial advisor to minimize your gift tax obligations.

DINARRECAPS8 4/3/25 DINARRECAPS8 4/3/25

3 ‘Horrible’ Pieces of Tax Advice, According to The Money Guy Show

Catherine Collins Tue, April 1, 2025 GOBankingRates

The financial advisors behind the podcast ‘The Money Guy Show‘ recently reviewed popular TikTok tax hacks that are actually terrible money advice. In addition to being financial advisors, hosts Brian Preston and Bo Hansen are also accountants, so listeners can benefit from hearing their advice about what is and isn’t allowed when you file your taxes.

While the hosts aren’t against tax planning, many of the TikTok tax strategies they reviewed are less about planning and more about being misleading or even committing fraud. Many people turn to ‘The Money Guy Show’ for financial lessons that aren’t boring. So, if someone is interested in lowering their tax bill, this is a show to follow.

DINARRECAPS8 4/2/25 DINARRECAPS8 4/2/25

How Much Should You Add to Your Emergency Savings To Keep Up With Inflation?

Kerra Bolton Mon, March 31, 2025 GOBankingRates

Saving three to six months of emergency savings is a must, especially during times of economic uncertainty. However, rising inflation means that a $10,000 safety net might not be able to buy as much tomorrow as it does today.

GOBankingRates talked to financial experts to find out how much you should add to your emergency savings to keep up with inflation.

DINARRECAPS8 4/2/25 DINARRECAPS8 4/2/25

Protecting Yourself From Both Scams And Tax Penalties

Joe Cortez Moneywise

California man loses life savings, owes more than $30K in taxes after falling prey to sophisticated scam

On top of losing his life savings to scammers, Chester Frilich of Concord, California is facing a tax bill of over $30,000 which could end in him losing his home.

As reported by ABC7 News, his problems began when he received a call from somebody claiming to be from Xfinity, who claimed his account was used to upload pornographic videos. An hour later, he heard from “Jason Brown” with the Federal Trade Commission, listing all of his credit cards and telling him he was under investigation for wire fraud.

DINARRECAPS8 3/31/25 DINARRECAPS8 3/31/25

You Might Not Make Enough Money To Get Musk’s Potential DOGE Dividend Check

You Might Not Make Enough Money To Get Musk’s Potential DOGE Dividend Check: Here’s the Salary Cutoff

G. Brian Davis Mon, March 31, 2025 GOBankingRates

James Fishback, an investment manager who briefly worked with Vivek Ramaswamy in the earliest days of the Department of Government Efficiency (DOGE), says the idea of “DOGE dividend” payments came to him in a dream.

Fishback first tweeted about it on X in February: “American taxpayers deserve a ‘DOGE Dividend’: 20% of the money that DOGE saves should be sent back to hard-working Americans as a tax refund check. It was their money in the first place!” Since then, both Elon Musk and President Donald Trump have both aired it as a possibility.

DINARRECAPS8 3/30/25 DINARRECAPS8 3/30/25

Settling A Loved One's Estate Can Take Up To '900 Hours Of Effort

Sara Belcher · Podcast Writer Updated Mon, March 24, 2025 Yahoo Finance

After a loved one dies, those left in charge of settling the estate can spend months tying up loose ends.

"No matter how well you did your planning, there is a house, cars, financial accounts," Hugh Tamassia, co-founder of the estate settlement company Alix, said on the Financial Freestyle podcast (see video above or listen below). "There are subscriptions. There's insurance policies. There's utilities. There's the newspaper that lands on the front door that has to be canceled. There's all these things that have to be dealt with by the next generation. And these things can take up to 900 hours of effort for the children of someone who's passed away."

DINARRECAPS8 3/28/25 DINARRECAPS8 3/28/25

Delete Your Credit Card Info From Your Browser Right Now Before It's Too Late

I'm Begging You To Delete Your Credit Card Info From Your Browser Right Now Before It's Too Late

Ashley Broadwater Wed, March 26, 2025 BuzzFeed

Whether you’re ordering dinner from Uber Eats or buying that bestselling embarrassing product you’re too humiliated to get in the store, many of us purchase things online. It’s simply too easy, the convenience too great.

Eventually, the moment comes when the app or website asks for payment information. Unless you have your card memorized (no shame), you may have to dig through your wallet and meticulously type in each random number.

DINARRECAPS8 3/23/25 DINARRECAPS8 3/23/25

7 Useful Pieces Of Money Advice From People Who Started Their Own Business

Casey Clark Mon, March 17, 2025 HuffPost Life

Money can be a scary topic for a lot of people. Perhaps you don’t even know where to even start when it comes to managing finances and keeping yourself afloat. But there’s one group who needs to nail down financial literacy in order to thrive: people with their own businesses. Without it, they may not earn a living or see success with their endeavor.

We spoke with small business owners about money advice they have for anyone hoping to get a handle on finances, whether you’re a business owner yourself or someone simply looking to try to improve your own personal bank account. Here’s what they suggest: