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Financial literacy: What you need to know about common financial questions
Financial literacy – having the financial knowledge to understand money and your options for budgeting, saving and investing it – sounds like an essential education for any adult. But according to a December 2023 report by Ramsey, only 17% of U.S. adults said they took a personal finance class in high school, even though 72% of U.S. adults believe they…
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The income everyday Americans earn in every U.S. state — see how your salary measures up
You don’t have to live on the coasts to make a solid income, but it may help.
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Building better financial futures by targeting asset poverty
A local nonprofit is working with federal agencies to help people build stronger financial futures. Nineteen percent of Massachusetts residents are considered to be asset-poor, according to Prosperity Now. That means they don’t have the financial resources to provide basic needs for three months. In Boston that number jumps to 29% Compass Working Capital is a nonprofit, working to help…
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What Lewis Hamilton learned about retirement from Michael Jordan and Serena Williams
Lewis Hamilton is ‘serious’ about exploring his passions outside of racing.
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People hate budgeting. Here's why — and how to reframe it
Budgeting often gives a sense of deprivation. There are ways to reframe the exercise more positively, experts said.
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In the market for an electric vehicle? Here's why 2024 might be the year to buy
The Treasury Department has made the new clean vehicle tax credit much easier to obtain this year.
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I built a 296-square-foot backyard tiny home in Atlanta: What to know if you want to convert a $5,000 shed from Costco
It’s not easy to convert a shed from Costco or Amazon into a livable space, says Precious Price, who built a tiny home in her backyard and now advises others.
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34-year-old making $49,000 a month in passive income: What I always tell people who want to build successful side hustles
“Stop believing these 3 myths,” writes entrepreneur Ryan Hogue, if you want to be successful at starting a passive income stream or a side hustle.
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This Mass. woman paid off $70K in credit card debt – here's how
Credit card debt is at record levels. U.S. consumers have nearly $1.3 trillion in credit card debt. That’s a head-spinning number, but you know the impact of it if you’re overwhelmed and struggling to pay your own credit card bills. But even if it seems impossible, you can turn it around. Melissa John Giusti of Bridgewater, Massachusetts, did it. ...
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This Mass. woman paid off $70K in credit card debt – here's how
Melissa John Giusti carried $70,000 in credit card debt for years, until she connected with a nonprofit credit counseling service for help
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The 16 worst-paying college majors, five years after graduation
Liberal arts majors can make just $38,000 in the first five years after graduation, which is below the national median for all workers.
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Former 6-figure tech worker earns $22K baking pastries in France—how much her life abroad costs
Valerie Valcourt changed careers and moved abroad in her 30s.
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‘Shrinkflation' is hurting consumers at the grocery store. A new bill aims to stop it
As inflation continues to plague shoppers at the grocery store, a new bill is looking to crack down on another practice – shrinkflation – that lawmakers say could be costing unwitting consumers even more. Shrinkflation is a term used to describe the practice of companies selling their products in similar packaging, but with less weight, volume, or quantity meaning the…
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Raising your credit score can help you save $92 per month, report finds. Here are some expert tips
Improving your credit score can be one way to save as inflation continues to prompt higher prices.
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Self-made millionaire: If you love it, buy the Stanley cup—it's ‘not the reason you're financially struggling'
On her way to stashing $100,000 at age 25, Tori Dunlap learned saving money doesn’t have to mean depriving yourself.
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Biden administration proposes capping bank overdraft fees to as low as $3
Under the proposed rule, banks could only charge customers what it would cost them to break even on providing overdraft services.
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With rate cuts on the horizon, here are 4 of the best places for short-term savings in 2024
With interest rate cuts expected in 2024 from the Federal Reserve, experts cover the best savings options for short-term cash. Here’s what to know.
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Your loved ones may be eligible for a one-time Social Security payment when you die. Here's what to know
Social Security retirement benefits provide guaranteed income for your lifetime. Here’s how that money may benefit your family after you die.
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41-year-old spent $120,000 launching a frozen food restaurant—now it brings in $4.5 million per year
Nadia Liu Spellman grew up watching her parents run a fine-dining restaurant. Now, her dumpling business has three restaurant locations and sells on Amazon.
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A ‘significant objection' to 529 college savings plans will go away on Jan. 1. ‘This is a big deal,' expert says
Starting in 2024, savers can roll unused money from a 529 plan over to Roth individual retirement account free of income tax or tax penalties.