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With inflation and rising costs stretching budgets across the country, most households are trying to cut spending wherever they can. You can’t control your rent or mortgage, you have to eat and you can’t go without health insurance — or can you? By Andrew Lisa Inflation Relief Checks: When Will You Get Yours? See Why: This Credit Score Mistake Could Be Costing Millions of Americans Many people — particularly those who rarely visit the doctor — are wondering just what it is they’re getting for all that money their health insurer pulls from their checking account every month....

Robinhood announced it’s launching a new debit card, the Robinhood Cash Card, “to help a new generation start their investing journey — and get rewarded — while spending on the things they need and love.” The Cash Card will give debit card customers the same benefits and rewards that were once reserved for credit card holders, according to a blog post. It will also enable them to automatically invest in stocks or cryptos....

It’s never too early to start planning for retirement. The earlier you start thinking about it, the better off you’ll be when you reach retirement age. In planning your retirement, you’re bound to talk about Social Security, and it’s up to you to decide whether you’ll use those benefits to fund your retired years. By Rob Poindexter Important: How Many Hours Can You Work and Still Collect Social Security?Check Out: 10 States That Receive the Most Social Security...

The Social Security Administration and U.S. Department of Agriculture will partner on a new initiative designed to bolster nutrition security for seniors and low-income households in the United States. By Vance Cariaga See: Surprising Things You Can Buy With Food StampsDiscover: 5 Things You Must Do When Your Savings Reach $50,000 In a Wednesday announcement, the SSA and USDA said the partnership is designed to help connect Supplemental Security Income and Supplemental Nutrition Assistance Program benefits....

SNAP, formerly known as food stamps, is a federally funded program administered by the Department of Social Services (DSS) in South Carolina. SNAP recipients receive monthly benefits through their SNAP account, which is linked to the South Carolina EBT card. By Josephine Nesbit Read More: Here’s How Much Cash You Need Stashed If a National Emergency HappensDiscover: 10 Dollar Store Items That Aren’t Even Worth the Buck Your benefits can be used anywhere that accepts EBT cards as payment, which is most grocery stores and large retailers....

Most of us have at least some of it, but collectively, we’ve reached a staggering high. We’re talking about credit card debt. Over the last three months of 2021, Americans’ credit card balances grew by $52 billion, with balances reaching a total of $860 billion. This is the largest quarterly increase in the 22 years the data has been around, according to the Federal Reserve Bank of New York. This massive amount will be a difficult height to come down from, especially considering that we’re still racking up debt like crazy, with no indication of slowing down....

Not so many years ago, the concept of renting out your spare room or entire residence to perfect strangers may have seemed ludicrous, Now, however, thanks to Airbnb, it’s nothing out of the ordinary. And spare rooms are just one of the many examples of things that you can rent out online (or via an app). By Nicole Spector See Our List: 100 Most Influential Money ExpertsFind Out:Will Student Loan Forgiveness Include Parent Plus Loans?...

Investors and regulators alike are eagerly awaiting the June Consumer Price Index (CPI) data set to be released on July 13. By Yaёl Bizouati-Kennedy See: Ahead of the Consumer Price Index for June, Consumers’ Inflation Expectations Continue to RiseFind: Rent Prices Continue to Rise per Consumer Price Index: ‘Not Likely’ to Slow Soon, Expert Says In May, the index increased 8.6% for the 12 months, the largest 12-month increase since the period ending December 1981, which has rattled the markets further....

Nearly nine out of 10 young Americans under 30 believe that some form of government action on student loan debt is needed, but there is no consensus on a path forward, according to a new study. By Yaёl Bizouati-Kennedy The new survey, conducted by the Institute of Politics at the Harvard Kennedy School, finds that 85% of young Americans favor some form of government action on student loan debt, but only 38% favor total debt cancellation....

Memorial Day — observed on the last Monday in May each year — is celebrated to honor and remember the brave Americans who lost their lives during their service in the military. In 2022, Memorial Day falls on May 30, which allows many people to have a three-day weekend to help kick off the unofficial start of summer. By Rachel Farrow Bank Closed Holiday 2022 See: Best National Banks of 2022 — Low Fees, High APYs & AccessibilityFind: Are Banks Open Today?...

For some, the idea of the “American dream” involves becoming a homeowner. And although this can be harder to do on a single income, it’s certainly not impossible — but it’s also a decision you need to think about carefully before making. In today’s “Financially Savvy Female” column, we’re chatting with Charlotte Cowan Geletka, CFP, managing partner at Silver Penny Financial Planning, about how to know if you’re financially ready to become a homeowner....

In the week ending April 9, the advance figure for seasonally adjusted initial unemployment claims was slightly up at 185,000, an increase of 18,000 from the previous week’s revised level, according to the Labor Department. The previous week’s jobless level was revised up by 1,000 from 166,000 to 167,000 — still the lowest level since November 1968. By Yaёl Bizouati-Kennedy See: 5 Best Foods To Buy in Bulk at Costco This SpringFind: In Less Than a Decade, You Won’t Be Able To Afford a Home in These Cities...

While cryptos have become more mainstream in the past year and saw a rapid increase in both adoption and interest, a majority of fund selectors — investment professionals responsible for fund selection and portfolio construction at leading US wealth management firms, private banks and wirehouses — say they won’t recommend crypto investments, according to a new survey. By Yaёl Bizouati-Kennedy See: 10 Cheap Cryptocurrencies To BuyFind: Bitcoin and Crypto Taxes in 2022: What You Need To Know...

Cryptos have been crashing down since the beginning of the year, re-igniting noises about a potential crypto winter. However, several experts don’t agree with this premise and point to differences with previous crypto winters — notably that of 2018 — saying that this time around, increased adoption will help temper the current bear market. By Yaёl Bizouati-Kennedy See: Bitcoin Trends for 2022 From the Experts Find: Best Undervalued Cryptocurrencies To Buy for 2022...

As if taxes weren’t complicated enough this year, small business owners and independent contractors now definitively have to report income made via PayPal, Venmo, and a host of other e-commerce apps. By Yaёl Bizouati-Kennedy Discover: 9 Bills You Should Never Put on Autopay More: The Best Cities To Retire on $2,000 a Month As of Jan. 1, the Internal Revenue Service (IRS) requires reporting of payment transactions via apps such as Venmo, PayPal, Stripe and Square for goods and services sold which meet or exceed $600 in a calendar year — in aggregate....

San Francisco has been beckoning young go-getters since gold was discovered there in 1849. But if today’s young transplants want to lay down roots in the Bay Area, they’d better have plenty of gold of their own. By Andrew Lisa See: 22 Side Gigs That Can Make You Richer Than a Full-Time JobMore: 23 Million California Residents To Receive up to $1,050 in Inflation Relief Funds San Francisco is notoriously expensive, but for young adults looking to move there, sky-high rent is only part of the problem....

The war in Ukraine and climate change are affecting the world’s food supply, and we are going to continue seeing the effects of the shortage, according to one United Nations official. By Selena Fragassi Explore: Are We in a Recession Yet? GDP Shows Economy Shrank Two Consecutive QuartersFind: This Credit Score Mistake Could Be Costing Millions of Americans Speaking with Yahoo Finance, U.N. World Food Programme (WFP) Chief Economist Arif Husain said the situation is the “story that keeps getting from bad to worse....

Sometimes it can seem as though the United States stands alone with its increasingly high energy bills. In February 2022, The New York Times reported that coal use was reaching record highs worldwide as oil and gas prices continued soaring. By Heather Taylor Retirement At Any Age: Get Retirement Tips That Fit Every Stage of LifeLearn More: If Your Credit Score Is Under 740, Make These 4 Moves Now Unfortunately, there’s no continent or country for which one could “escape” in order to avoid spiking utility prices....

As the name would imply, Social Security retirement benefits were meant to be paid out to beneficiaries after they stop working. By John Csiszar You can continue to work as long as you want, and you can still collect Social Security benefits. However, you should be aware that continuing to work after claiming Social Security benefits could reduce the amount that you receive, particularly if you have not yet reached full retirement age....

As though getting ready for college and (possibly) eons of student loan debt wasn’t stressful enough, teens must tackle the hurdle of traditional tests such as the SAT or the ACT test. These tests can make or break your chances of university acceptance. By Nicole Spector Be Aware: 15 College Degrees That Won’t Make You MoneyFind Out: 20 Jobs Where You Can Make $60,000 Out of College How can a teenager ready themselves for these seminal exams?...