Personal Finance

Dear Penny, I’m 23 years old and make a $55,000 salary. Each year I can make upward of a 20% bonus, and I’ve always gotten it. I started investing in a Roth IRA last year and have managed to stay…

Buying a car is a major financial decision. If you purchase a car using an auto loan, you’re paying for that decision every month for the next two to eight years. That doesn’t mean you have to be stuck with…

Weddings are complicated ventures whether you are booking the vendors yourself or working with a wedding planner. Expensive, too. And what if we told you that an extra $1,000 is needed for tips. That’s right, tips. It’s smart to budget…

Living in a one-income household is like being a gymnast walking on a balance beam. You have absolutely no margin for error, and the slightest misstep can spell disaster. The tens of millions of jobs lost to the COVID-19 pandemic…

Living in a one-income household is like being a gymnast walking on a balance beam. You have absolutely no margin for error, and the slightest misstep can spell disaster. The tens of millions of jobs lost to the COVID-19 pandemic…

Some major brands — Apple, Noom, Chipotle and Ford, among others — have agreed to class action lawsuit settlements with claim deadlines coming up this month. Read on to find out if you qualify to claim some cash but act…

Love and marriage don’t always last forever. But if your matrimony lasted 10 years or more, the financial benefits can last a lifetime. That’s because you may be able to take Social Security based on your ex-spouse’s benefits instead of…

Your financial past sometimes has a way of interfering with your financial future. This is definitely true when it comes to securing financing for big expenses like a car. Depending on where you live, having a car can be necessary…

Americans and the word debt often seem like they go hand-in-hand. And for good reason. U.S. household debt hit an astonishing — and record-breaking — $14.6 trillion in 2021, according to Debt.org. Granted, this high total was partially influenced by the pandemic.…

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