Personal Finance

Health Care Cost Basics: What They Are and Ways to Save

Health Care Cost Basics: What They Are and Ways to Save

Putting aside money for emergencies, like replacing a roof or a major car repair, is one of the age-old mantras of personal finance. But today there’s one major potential expense that, until recently, few working people rarely thought about: Paying for out-of-pocket medical costs. Why? Because until the past decade or so, most employer health …

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How to Afford Your Meds and Support Your Health |  Smart Change: Personal Finance

How to Afford Your Meds and Support Your Health | Personal-finance

Liz Weston, CFP® The cost of prescription drugs in the US can be enough to make you sick. What you pay varies enormously depending on the drug, the pharmacy, your insurance plan and your deductible, among many other factors. A drug that may have been cheap or at least affordable the last time you filled …

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Everything You Need To Know About How the Fed Rate Will Impact Your Personal Finances

Milan_Jovic / iStock.com The Fed recently raised rates more than it has in 28 years, jumping the prime rate up by 0.75% at the Federal Open Market Committee meeting on June 15. It’s the third of many interest rate hikes designed to quell inflation, which has reached double digits in 2022. Live Updates: Financial Trends, …

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How Much Is a Social Security Spousal Benefit Actually Worth?  |  Smart Change: Personal Finance

How Much Is a Social Security Spousal Benefit Actually Worth? | Personal-finance

(Kailey Hagen) When you think of Social Security, you probably think of retired workers, but there are a lot of people who claim benefits despite never working in their lives. As long as you’re married to a qualifying worker, you can receive a Social Security spousal benefit. But it might not go as far as …

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3 Must-Read Quotes From Nobel Prize Winner Richard Thaler |  Personal Finance

3 Must-Read Quotes From Nobel Prize Winner Richard Thaler | Personal-finance

(Adam Levy) Richard Thaler’s work in behavioral economics won him a Nobel Prize in 2017. His 2008 book Nudge was extremely influential, helping shape public policies that in turn help people save more and make better decisions in finance, health, and many other fields. In a short interview with Morningstar earlier this month, he discussed …

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4 Essential Tips for Becoming a Savvy Long-Term Investor |  Smart Change: Personal Finance

4 Essential Tips for Becoming a Savvy Long-Term Investor | Personal Finance

(Stefon Walters) If you’re investing, your focus should be on the long term. There are no guarantees in investing, and there’s always risk involved, but there are strategies for saving investors use that reduce risk and increase the chance for financial success. Here are four essential tips for becoming a savvy investor. 1. Understanding the …

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3 Life-Changing Money Lessons I Learned From Personal Finance Authors

3 Life-Changing Money Lessons I Learned From Personal Finance Authors

I host a podcast called The Rewired Soul and I’ve interviewed some top personal finance authors. Daniel Crosby taught me that being right doesn’t make you smart, and Nick Maggiulli showed me it may take luck to buy a house. Brian Feroldi helped me see that no single person — not even Elon Musk — …

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These 2 Dividend ETFs Are a Retiree's Best Friend |  Smart Change: Personal Finance

These 2 Dividend ETFs Are a Retiree’s Best Friend | Smart Change: Personal Finance

(Rekha Khandelwal) If you are a retiree looking to boost your retirement income but do not like to research individual stocks, don’t be disheartened. You can still earn a decent amount of extra income by investing in dividend exchange-traded funds (ETFs). There are several dividend ETFs available in the market, which collect dividends from the …

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