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Financial News from Money Talks News

  • Whether you want to know how many credit cards to carry or when Junior should get his own card, you’ve got questions. How many credit cards should I have? He says you should consider having two cards — a rewards credit card for everyday use and a low-interest card to be used for emergencies. Mainly because you’ll want …

  • Could Your Outstanding Debt Land You in Jail? Money Talks News - 3 hours ago

    It’s no secret that not paying your debt obligations can cost you a lot of money and headaches in the long run, not to mention frequent letters, phone calls and court hearings with debt collectors. Even if you feel the initial hearing is a complete waste of time because you have no means to pay, failing to appear can enable …

  • Would you rather tell people your weight or your credit card balance? A recent survey by the National Foundation for Credit Counseling found that nearly 40 percent of Americans are more embarrassed about their credit card debt than their age, weight, credit score or bank balance. Credit score came in a close second, with …

  • As expected, Netflix is getting more expensive, but only by a dollar or two, and only for new customers – at least for now. “If we want to continue to expand, to do more great original content … we have to eventually increase prices a little bit,” Netflix CEO Reed Hastings said in a conference call with analysts Monday. …

  • General Mills Scraps Unpopular Legal Policy Money Talks News - 21 hours ago

    General Mills made an abrupt reversal on its new legal policy, which prevented people from suing the company if they downloaded coupons, participated in company-sponsored sweepstakes or “liked” them on Facebook in exchange for a discount. Under the policy, customers would be required to use binding arbitration or informal …

  • I have a bunch of cool, reusable bags for groceries, so Tip 1 should be checked off for me too. Do you live a green lifestyle?

  • The Do’s and Don’ts of Writing a Winning Complaint Letter Money Talks News - Tue, Apr 22, 2014 11:27 AM EDT

    That means I’ve seen a lot of complaint letters. Here are some do’s and don’ts for writing effective complaint letters.

  • Gillette Introduces Brand-New Razor, Same Old Blades Money Talks News - Mon, Apr 21, 2014 10:53 PM EDT

    Facial hair, begone! Procter and Gamble will soon release its new Gillette ProGlide FlexBall razor. But, according to marketing documents acquired by The Wall Street Journal, the razor features “a swiveling ball-hinge that allows the blade to pivot.” This “revolutionary” razor also comes with a hefty price tag – $11.49 …

  • Smartphone Industry Agrees to Anti-Theft Kill Switch Money Talks News - Mon, Apr 21, 2014 8:09 PM EDT

    Smartphone users shouldn’t be powerless if their phones are stolen — and the wireless industry has finally agreed to do something about it. Starting in July 2015, most smartphones sold in the U.S. will come with an anti-theft tool that will enable you to remotely lock your phone and wipe it clean of data, making it inoperable …

  • 10 Ways Being Frugal Can Actually Cost You Money Money Talks News - Mon, Apr 21, 2014 12:25 PM EDT

    Postponing maintenance is the No. 1 car maintenance mistake, according to research by CarMD.com, which polled certified master technicians. Of the top 10 maintenance mistakes in the firm’s study, four of them were related directly to regularly scheduled car maintenance and could be avoided.

  • Earth Day Smackdown: Homemade vs. Store-Bought Cleaners Money Talks News - Mon, Apr 21, 2014 11:00 AM EDT

    You’ve probably heard that you can make your own cleaning products from ingredients found around the house. But how do they stack up against commercial cleaners? Money Talks News founder Stacy Johnson finds that you can clean your home effectively — killing germs and bacteria while protecting your health and caring for …

  • Your Messy Desk May Be a Good Thing Money Talks News - Fri, Apr 18, 2014 5:49 PM EDT

    Struggling to keep your office space clean and organized? Earlier this month, Kathleen Vohs – a University of Minnesota marketing professor and consumer psychologist, presented her work linking disorganized work spaces to creativity at the Yale School of Management’s Art, Mind + Markets conference, Inc.com said. Vohs’ …

  • Survey: Many Americans Admit They Lack Basic Money Skills Money Talks News - Fri, Apr 18, 2014 4:00 PM EDT

    A survey conducted by RetailMeNot and The Omnibus Co. — just in time for Financial Literacy Month – found that just 52 percent of respondents could live for more than a month on what they have socked away in their savings accounts. Many people are in dire need of financial literacy. Trae Bodge, senior editor for The Real …

  • You can’t be financially secure without these 10 products Money Talks News - Fri, Apr 18, 2014 3:14 PM EDT
    money

    Instead, look for a free checking account. Along with your checking account, sign up for a debit card. Make sure it has a Visa or MasterCard logo and can be used like a credit card. Although I know that some people are fans of credit cards, my personal experience has shown the temptation to overspend when buying on credit …

  • Download a Coupon and You Give Up the Right to Sue Money Talks News - Fri, Apr 18, 2014 2:57 PM EDT

    You might want to think twice before you “like” Cheerios on Facebook in exchange for a discount or download a 50-cent Hamburger Helper coupon. General Mills, the food conglomerate that includes Pillsbury, Betty Crocker, Green Giant, Progresso, Bisquick and various other brands, introduced a revised legal policy earlier …

  • Estate-Planning Documents You Need Right Now Money Talks News - Fri, Apr 18, 2014 2:18 PM EDT

    In the video below, Money Talks News founder Stacy Johnson explains what you’ll need. You can include any funeral provisions you’ve made and your instructions. If you’re married, each spouse should have a separate will, AARP says.

  • The Smart Way to Sell the Family Silver for Cash Money Talks News - Fri, Apr 18, 2014 10:30 AM EDT

    “It seems these days on every corner next to the nail parlor, you see a place with a sign: ‘We buy gold, we buy precious metals,’” says Steve Yvaska, The Antiques Advisor. An expert in American silver, he appraises antiques and writes a column on antiques and collectibles for the San Jose Mercury News. Begin your education …

  • Work a Year, Get Fired, Make $58 Million Money Talks News - Thu, Apr 17, 2014 10:05 PM EDT

    Apparently getting the boot as Yahoo’s chief operating officer isn’t so bad. Henrique de Castro left Yahoo with a $58 million severance package, according to a U.S. Securities and Exchange Commission filing that was made public this week. CNN Money said de Castro’s golden parachute is one of the biggest ever given to …

  • Awful, Underpaid and Stressful: The Top 10 Worst Jobs for 2014 Money Talks News - Thu, Apr 17, 2014 6:52 PM EDT

    The tree fellers hold the dubious honor of worst job for 2014. That’s according to CareerCast.com, which released its 26 th evaluation of the best and worst jobs for the year. CareerCast evaluated the income, outlook, environmental factors, stress, and physical demands of 200 professions across a wide variety of industries, …

  • Here’s a Bill in Congress You Should Get Behind Money Talks News - Thu, Apr 17, 2014 6:29 PM EDT

    You could gain free access to your credit score under a bill introduced in the U.S. Senate. According to consumer advocate Bob Sullivan, the “Stop Errors in Credit Use and Reporting (SECURE) Act,” sponsored by Sens. Brian Schatz, D-Hawaii, and Sherrod Brown, D-Ohio, would be an important step in helping consumers understand …

  • TurboTax Fights Against Simplified, Free Tax Filing Money Talks News - Thu, Apr 17, 2014 3:48 PM EDT

    While that may sound great to you, it’s the last thing TurboTax owner Intuit wants to happen – and they’ll seemingly go to any length to try and stop it. According to ProPublica, Intuit has spent $11.5 million on a federal lobbying effort in the last five years to fight against bipartisan legislation for a return-free …

  • 7 Easy Ways to Obtain Credit When You Don’t Have Any Money Talks News - Thu, Apr 17, 2014 11:32 AM EDT

    You need a good credit history to snag the best deals on loans, yet it’s very difficult to get credit without a borrowing history. If a friend or family member has exceptional credit and faithfully pays their bills on time each month, request to be added as an authorized user to that person’s credit card.

  • 5 Stupid Things You Spend Your Money On Money Talks News - Thu, Apr 17, 2014 10:30 AM EDT

    There’s a good reason for it: Some statistics indicate that as many as two-thirds of gym memberships are never used. You’re going through the checkout, spending your hard-earned cash, and the clerk asks if you want to add the extended warranty. If the manufacturer gives you a year warranty and the extended warranty is …

  • Tying the Knot After 30? Get Out Your Checkbook Money Talks News - Wed, Apr 16, 2014 10:34 PM EDT

    If the couple is over age 30, that number increases to 30 percent, according to David Wood, president of the Association of Bridal Consultants. Just 10 years ago, only about 15 percent of couples covered the costs of their wedding.

  • Fight With Your Spouse? You Might Just Be Hungry Money Talks News - Wed, Apr 16, 2014 4:25 PM EDT

    According to Bloomberg, research released in the Proceedings of the National Academy of Sciences indicates that dieting, skipping a meal, or just being hungry can be a recipe for disaster when it comes to spousal interactions. Brad Bushman, the lead study author, said the findings are some of the first to depict the relationship …

  • Your Tax Refund Is Safe From Social Security Seizure, at Least for Now Money Talks News - Wed, Apr 16, 2014 2:55 PM EDT

    The Social Security Administration is backing off the controversial practice of seizing tax refunds to collect on decades-old debt. Acting Social Security commissioner Carolyn Colvin issued the following statement Monday: I have directed an immediate halt to further referrals under the Treasury Offset Program to recover …

  • Americans May Be Expanding, But Food Is Shrinking Money Talks News - Wed, Apr 16, 2014 11:10 AM EDT

    So too have cookies, crackers, peanut butter and a host of other products you buy every week. Then keep reading to learn more about which products are getting smaller and how you can fight back. The incredible shrinking product packages Here’s a sampling of products that have dropped their size but not their prices, …

  • Feds Snatch Kids’ Tax Refunds to Pay Off Parents’ Old Debts Money Talks News - Tue, Apr 15, 2014 10:08 PM EDT

    If the government finds that your parent was overpaid for Social Security survivor benefits, you could be on the hook to pay it back. A Maryland woman named Mary Grice found out the hard way that someone in her family was allegedly overpaid by Social Security in 1977. Grice’s father died in 1960, and his five children …

  • Heartbleed: Change Your Passwords Now! Money Talks News - Tue, Apr 15, 2014 5:25 PM EDT

    Chances are you’ve heard a lot about the massive Heartbleed security bug in recent days. According to Mashable, Internet companies left vulnerable to Heartbleed scrambled to quickly update their servers and develop a security patch. Each of the sites has developed a security patch to protect users’ data.

  • Can You Get One of the New Subprime Mortgages? Money Talks News - Tue, Apr 15, 2014 10:30 AM EDT

    Wells Fargo hit the news recently with the announcement it had dropped its minimum credit score for FHA-insured mortgages from 640 to 600 (the maximum is 850) — into subprime territory. “In recent months, a handful of lenders have said that they’re willing to go as low as 580,” writes The Wall Street Journal. Borrowers …

  • A Bank Fee That’s So Insulting, It’s Unbelievable Money Talks News - Mon, Apr 14, 2014 10:06 PM EDT

    A recent study by the Pew Charitable Trusts found that 70 percent of banks, up from 58 percent in 2013, have verbiage in their contracts that prevents customers from suing the bank on their own or as part of a class-action lawsuit. As if that’s not bad enough, some banks require that consumers who bring suit against the …

  • Why Do Tax Laws Still Punish 2-Income Families? Money Talks News - Mon, Apr 14, 2014 9:15 PM EDT

    When it comes to paying taxes, two-income married couples can be at a disadvantage. According to National Public Radio, “secondary” wage earners are sometimes penalized by a tax code provision that dates back to the Ozzie and Harriet days — the so-called marriage penalty. It’s when a married couple pay more income tax …

  • You Could Get the Boot for Renting Out Your Space on Airbnb Money Talks News - Mon, Apr 14, 2014 7:36 PM EDT

    Renting out your apartment on Airbnb could land you in the doghouse with your landlord, or worse – evicted, and looking for a new place to live. According to SFGate, a number of Airbnb hosts have received violation notices from their respective local planning departments and eviction notices from landlords. Airbnb is …

  • 13 Simple Ways to Save on Summer Vacation Money Talks News - Mon, Apr 14, 2014 11:00 AM EDT

    The good news is that you can still take a decent summer vacation without breaking the bank. 7 Rental Car 'Gotchas' and How to Avoid Them

  • Don’t Store Your Tax Return — Toss It Out Money Talks News - Mon, Apr 14, 2014 10:30 AM EDT

    The other day I picked up my tax returns from the accountant. Digital storage has become so ubiquitous and competitive, you can now store your tax returns, as well as every other piece of paper you’ll ever touch, for free.

  • Prepare for Orange Juice Sticker Shock Money Talks News - Fri, Apr 11, 2014 9:22 PM EDT

    You better enjoy every drop of that glass of orange juice, because it’s not cheap. Florida, the source of the majority of oranges used to make orange juice in the U.S., experienced an unusually cold winter, plus a fruit disease (citrus greening) has stunted orange growth, leading to the smallest orange harvest in nearly …

  • Comcast ‘Wins’ Contest for America’s Worst Company Money Talks News - Fri, Apr 11, 2014 5:08 PM EDT

    The award for America’s worst company for 2014 goes to … Comcast. But in the end, Comcast held the lead in the annual poll, the Consumerist said. This is not the first time Comcast has received the dubious distinction of being named the country’s worst company. Consumerist said Comcast won in 2010 as well.

  • 7 Steps to Make Millions With Your Bright Idea Money Talks News - Fri, Apr 11, 2014 2:50 PM EDT

    Step 2: Develop a business plan The next step is to create a business plan. Prior to the 2011 passage of the America Invents Act, the first person to invent a product retained exclusive rights to sell or license it for 20 years.

  • 15 Ways to Cut Your Fine Dining Bill in Half Money Talks News - Fri, Apr 11, 2014 2:07 PM EDT

    You don’t have to keep wishing on a star that you’ll one day be able to afford fine dining establishments. Most fine dining establishments share their daily special online, in the waiting area or via the server once you are seated. If you can do so without going overboard, check out deal websites, such as Groupon or LivingSocial, …

  • Pepsi Made With Real Sugar? You Got It Money Talks News - Fri, Apr 11, 2014 3:33 AM EDT

    Pepsi is trying to please your taste buds with something new this summer. In June, Pepsi will reportedly launch its trademark Pepsi cola, plus vanilla and wild cherry flavors, all made with real sugar, instead of the much criticized high fructose corn syrup. USA Today said Pepsi, like much of the soda industry, has experienced …

  • How Much Does Your Doctor Bill Medicare? Now You Can Find Out Money Talks News - Thu, Apr 10, 2014 10:50 PM EDT

    Some doctors are getting rich off of Medicare. A new study shows that the top 1 percent of doctors and other medical providers accounted for 14 percent of the nearly $77 billion in Medicare billing recorded for 2012. Medicare is the government health insurance program for those 65 and older. One Florida ophthalmologist …

  • It’s OK to Refuse a LinkedIn Request Money Talks News - Thu, Apr 10, 2014 4:29 PM EDT

    You don’t have to accept LinkedIn connection requests from everyone. But if you’re going to turn down an unwanted request on LinkedIn, do it respectfully, or be prepared to pay the price. Kelly Blazek, who ran an online Cleveland jobs bank listing, made headlines earlier this year when she sent a scathing rejection response …

  • 10 Bad Money Habits That Rob You Blind and How to Quit Them Money Talks News - Thu, Apr 10, 2014 11:56 AM EDT

    The good habits we’ve made carry us along almost effortlessly. That’s positive. It lets us focus on the things that need our attention most. But as you work to pay off debt, save and get your financial ...

  • 10 Fun and Inexpensive Things to Do With Your Kids This Weekend Money Talks News - Thu, Apr 10, 2014 10:30 AM EDT

    Are you looking for some fun and inexpensive things to do with your children this weekend? They can even take turns creating their own treasure map and hidden treasure for everyone else to find.

  • More Moms Are Staying Home, But Not Because They Want To Money Talks News - Thu, Apr 10, 2014 4:17 AM EDT

    A new study shows that American mothers are increasingly staying home with their children, reversing a decades-long modern family trend. According to the Pew Research Center: The recent turnaround appears to be driven by a mix of demographic, economic and societal factors, including rising immigration as well as a downturn …

  • Bank of America Ordered to Pay $727 Million to Customers Money Talks News - Wed, Apr 9, 2014 10:02 PM EDT

    The Consumer Financial Protection Bureau has ordered Bank of America to pay $772 million in fines and compensation to settle allegations that the bank swindled millions of customers with deceptive marketing and billing practices for credit card add-on services. Roughly 1.4 million consumers were affected by Bank of America’s …

  • You Might Be a Better Tax Preparer Than the Pro You’re Paying Money Talks News - Wed, Apr 9, 2014 5:48 PM EDT

    You might want to think twice before hiring a so-called tax professional to prepare your taxes. The Government Accountability Office released the findings of an audit of tax preparers this week, and the results are surprising. USA Today said the GAO’s small undercover study focused on 19 tax preparers selected at random …

  • Swag Isn’t Really Free, Says the IRS Money Talks News - Wed, Apr 9, 2014 11:25 AM EDT

    Swag, apparently short for “stuff we all get,” must be reported on federal income tax returns. The taxable income reported should be equal to the fair market value of what’s in the gift bag. The TaxProf Blog says, “These gift bags are not gifts for federal income tax purposes because the organizations and merchants who …

  • Say Goodbye to Slow Wi-Fi Money Talks News - Wed, Apr 9, 2014 11:21 AM EDT

    Buckle up, Wi-Fi speeds are about to triple. That’s the latest word from Qualcomm . The company claims that new router technology, the result of seven years of research, will allow networks to communicate ...

  • 10 Money Matters to Discuss Before Marriage Money Talks News - Wed, Apr 9, 2014 11:00 AM EDT

    Among these are your personal finances and how you plan to handle money matters as a couple. Unfortunately, a survey of engaged couples by the National Foundation for Credit Counseling “revealed that 68 percent of respondents held negative attitudes toward discussing money with their fiancé, with 5 percent indicating the …

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