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The Consumer Financial Protection Bureau reported that Americans pay $15 billion or more in overdraft fees each year. Compare that to the estimated $1 billion coming from monthly maintenance fees and it’s easy to see why banks love to charge us when we spend more money than we have in our accounts.  However, many banks … Read more

Older adults today face a host of challenges when it comes to financing their retirements — and now, new data suggests some miscalculate how much money they’ll receive from Social Security. A paper authored by researchers at the American Enterprise Institute and George Mason University found that a significant number of pre-retirees underestimate their future … Read more

Planning to sell your home? You might want to scramble and get it on the market soon. The best time to list your home this year is the week of April 16-23, according to Realtor.com. That is when a combination of factors come together to make it the optimal time to sell. Those factors include: … Read more

Eduard Goricev / Shutterstock.com Clothes dryers have a pretty clear mission: Dry your freshly washed clothes. But modern dryers offer a laundry list of features that go well beyond that basic capability. Don’t, however, attempt to use your dryer to defrost a frozen-solid turkey, as was once attempted by the characters in the Fox sitcom … Read more

Every Friday I recap “news you can use” from the week: a handful of quotes from major (and often expensive) news sources, so you can stay up to date on the news that affects your money without spending a dime and in less than a minute. Here’s an overview of what happened this week. What … Read more

Imagine taking a phone call from a loved one who pleads for your help. It is likely you would be moved to do just about anything to get that person out of danger. But thanks to artificial intelligence, that call might not be what it seems. The Washington Post reports that rapidly advancing technology is … Read more

Monkey Business Images / Shutterstock.com If you’re on a fixed income — like most people in retirement — controlling your expenses becomes more important than ever. One way to do that? Living somewhere with a lower cost of living. That’s part of the thinking behind the website WalletHub’s recent ranking of “2023’s Best States to … Read more

pixelheadphoto digitalskillet / Shutterstock.com According to the U.S. Census Bureau, the poverty rate among Americans aged 65 and older increased from 8.9% in 2020 to 10.3% in 2021. That was the only age group to see a statistically significant increase during that period. Millions of older Americans are eligible for assistance programs — but might … Read more

Dean Drobo / Shutterstock.com Editor’s Note: This story originally appeared on The Penny Hoarder. Do you wish you had more money set aside? Not a rainy day fund for unexpected expenses but something that could cushion the financial stress of a major life event? When Nora Martin was expecting her first child, she wasn’t going … Read more

Question: I’m approaching middle age, I’m debt-free and have been maxing out my 401(k) since I got my first job right out of college. That account plus my emergency fund and a small bequest my grandfather left has given me a net worth of $420,000. I plan to keep contributing to my 401(k), but will … Read more