DINARRECAPS8 5/29/25 DINARRECAPS8 5/29/25

5 Money Mistakes Even Financially Savvy People Make

Cindy Lamothe GOBankingRates

No matter how great you are at managing your finances, no one is immune to making the occasional money mistake — and some of these can be dire.

“It’s important to recognize that some seemingly minor errors can have significant long-term effects,” said Michael Ashley, finance expert and founder of Richiest.

While everyone has financial blind spots, the good news is you can learn about them before they cause you problems. Here are some of the top money mistakes even the most financially savvy folks make.

Earning passive income doesn't need to be difficult. You can start this week.

DINARRECAPS8 5/29/25 DINARRECAPS8 5/29/25

10 Sources Of Emergency Cash, Ranked From Best To Worst

Christine Benz of Morningstar Tue, May 27, 2025

If unanticipated expenses exceed your emergency fund, here’s a look at where to go next.

1. Your Own Emergency Fund/Short-Term Securities

Emergency funds should be held outside of tax-sheltered wrappers and include highly liquid investments like bank savings accounts, money market accounts, and so on.

2. Low-Risk Assets In Taxable Account

Next, look at other taxable holdings: investments in brokerage accounts, outside the confines of tax-sheltered vehicles.

DINARRECAPS8 5/28/25 DINARRECAPS8 5/28/25

5 Things You Should Discuss During Your First Meeting With a Financial Advisor

Gabrielle Olya

A financial advisor can be an excellent resource to help you make a plan for your money both now and in the future. But if you’re new to this world, you might not know how to make the most of your time during an initial meeting. In today’s “Financially Savvy Female” column, we’re chatting with Jane Voorhees, CFP, director of financial planning at ALINE Wealth, about how to prepare for a first meeting with a financial advisor and what topics you should be discussing.

DINARRECAPS8 5/28/25 DINARRECAPS8 5/28/25

5 Suze Orman Money Tips For a Financial Fresh Start

Nicole Spector Tue, May 27, 2025 GOBankingRates

Financial guru Suze Orman has long been dedicated to helping the average American reach financial freedom. In an article posted on Oprah.com, Orman delved into 10 of her top tips on how to get a fresh financial start, which can help you get your finances on track.

GOBankingRates highlighted five of Orman’s standout, practical and realistic tips.

DINARRECAPS8 5/26/25 DINARRECAPS8 5/26/25

With The Penny Going Away, What Should You Do With The Ones In Your Coin Jar?

Mike Snider and Daniel de Visé, USA TODAY Sun, May 25, 2025

Learn to love your coins.

That’s the message from Kevin McColly, CEO of Coinstar, the company behind those coin-cashing machines you see in supermarkets. American consumers made only 16% of their payments in cash in 2023, according to the Federal Reserve. A 2022 Pew survey found that two-fifths of consumers never use cash at all.

President Donald Trump has ordered the Treasury to stop minting pennies because their production cost exceeds their value. (Intriguingly, the same is true of nickels.)

DINARRECAPS8 5/26/25 DINARRECAPS8 5/26/25

So What Happens To America’s 114 Billion Pennies Once The US Stops Making Them?

Chris Isidore, CNN Sun, May 25, 2025

The American penny isn’t going anywhere anytime soon.

The US Treasury Department announced Thursday that it plans to start winding down production of the one-cent coin it has been minting for more than 230 years. But the penny will still remain legal tender, and will still be in use at thousands of retailers around the country for sometime to come.

“If we look at the experience in Canada, for the first year after they stopped making pennies, there’s really no change in transactions,” Jeff Lenard, spokesperson for the National Association of Convenience Stores, told CNN. Convenience stores do more cash transactions than any other group, about 32 million a day, or about 20% of the total number of purchases by their customers, Lenard said.

DINARRECAPS8 5/22/25 DINARRECAPS8 5/22/25

Is Lending Money To Family Always The Right Thing To Do?

Monique Danao Thu, May 22, 2025 Moneywise

I’ve hustled hard to make something of myself. Now my sister, 29, wants to borrow money — again. What do I do?

Consider the case of Eric, a 33-year-old who is debt-free, owns his own business and lives comfortably after years of hard work and risk-taking. When his 29-year-old sister recently asked him to cover a few months of her rent, he said no.

DINARRECAPS8 5/20/25 DINARRECAPS8 5/20/25

What Is Your Emotional Money Score?

What Is Your Emotional Money Score? Suze Orman's 20 Questions To Determine If You Are In Control Of Your Money Or If It's In Control Of You

Kaili Killpack Mon, May 19, 2025 Benzinga

Do your emotions drive your financial decisions — or do you stay calm and calculated no matter what's happening in the market or your bank account? According to personal finance expert Suze Orman, understanding the emotional side of money is one of the most powerful steps you can take toward long-term financial security.

On a recent episode of her "Women & Money" podcast, Orman introduced listeners to the "Emotional Money Score," a self-assessment tool that helps people measure how much their emotions are influencing their financial choices.

DINARRECAPS8 5/16/25 DINARRECAPS8 5/16/25

The Do's And Don'ts After Receiving An Inheritance

Brad Smith·Host Tue, Apr 16, 2024,

As older Americans prepare to transfer their wealth or will it to their family, what should inheritors know before receiving this large sum of money?

Wealthstream Advisors Financial Advisor Katharine George explains the do's and don'ts when inheriting wealth, which includes money and even real estate property.

"I try to stay away from rules of thumbs but I would say in general, [avoid] making big decisions. I would say wait about six months or so, especially if you're grieving," George says. "These big changes... in that short period of time when you're grieving if it was someone close to you, we don't want to make any decisions that are rash. So buying another property or going on a big vacation.

These big changes, it could be that you need these assets invested and saved for your long term or it could be you could retire tomorrow. It really depends on the personal situation but not making any of these big decisions immediately after is really important, really let the dust settle."

DINARRECAPS8 5/15/25 DINARRECAPS8 5/15/25

Americans Don’t Understand Inflation — This Is How It Actually Affects Your Money

Cynthia Measom Wed, April 10, 2024

Inflation — it’s a word you hear frequently, but do you really understand what it means?

What most people know about inflation is that it makes things more expensive. A simple definition of inflation is that it’s the increase in the cost of goods and services over a time period in an economy, which is usually expressed as a yearly percentage. Inflation rates are measured by price indexes, including the consumer price index by the Bureau of Labor Statistics and the personal consumption expenditures price index from the Bureau of Economic Analysis.

The main effects of inflation are better interest rates for savings accounts and higher costs of living, but there are several more nuanced effects to watch out for as you manage your money. Increasing your understanding about the different types of inflation and how they could impact your life both positively and negatively can help you make better financial decisions, especially when it comes to protecting your money now and in the long run.

DINARRECAPS8 5/6/25 DINARRECAPS8 5/6/25

Atlanta Woman Lost $8K On Scam Call From Fake Wells Fargo Employee — Take These Steps To Keep Your Cash Safe

Christy Bieber Tue, May 6, 2025 Moneywise

Aleah McPherson's bank account is $8,265 lighter these days. Sadly, the funds disappeared after she fell for a scam by someone impersonating a Wells Fargo employee, leaving McPherson and her fiancé devastated by the loss.

"That was my savings. That was actually what I have been working for a while," McPherson told Fox 5 Atlanta last month. She hopes that her story will serve as a warning to others so that they don't fall victim to similar fraud and be left without their hard-earned money.