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I love my online bank account, but an in-person account was the best way to get European cash. But it has been the perfect fit for me, and I will sing most online banks' praises to anyone who will listen. So imagine my surprise when my husband convinced me to open a Chase checking account (while still keeping our online bank accounts). Our online bank doesn't exchange foreign currency. AdvertisementSo we transferred $500 from our online checking account to Chase, and the $300 was deposited into our account within 15 business days.

Persons: Chase, —, I'd, …, I'm, you'd Organizations: Service, Sapphire, Chase Locations: Europe

☆ US housing starts rise moderately; tight supply supporting new construction
▼ + stars: | 2023-11-17 | by ( Lucia Mutikani | ) www.reuters.com time to read: +5 min

Single-family housing starts, which account for the bulk of homebuilding, rose 0.2% to a seasonally adjusted annual rate of 970,000 units last month, the Commerce Department's Census Bureau said. Overall housing starts rose 1.9% to a rate of 1.372 million units in October. The number of housing under construction dipped 0.1% to a rate of 1.674 million units. The inventory of single-family housing under construction declined 0.6% to a rate of 669,000 units, the lowest level since May 2021. The stock of multi-family housing under construction edged up 0.1% to 987,000 units, not far from recent record highs.

Persons: Jeffrey Roach, Ben Ayers, Freddie Mac, Bill Adams, Thomas Ryan, Lucia Mutikani, Chizu Nomiyama, Nick Zieminski Organizations: WASHINGTON, Commerce Department, LPL Financial, Commerce, Data, National Association of Home Builders, Nationwide, Federal Reserve, Treasury, Comerica Bank, Reuters, Realtors, Capital Economics, Thomson Locations: Charlotte , North Carolina, homebuilding, Commerce Department's, Northeast, Columbus , Ohio, Dallas, West, South, Midwest

I tend to overspend during the holidays, so I asked a financial planner about spending strategies. AdvertisementEvery year, when November arrives, I start to get stressed out about holiday spending. As I took a closer look at my finances, I realized that it wouldn't make sense to drain my savings account for holiday spending and wondered about other payment strategies to use instead. FOMO makes deals seem overly importantOne of the biggest reasons I often blow through my holiday spending budget is because the deals this time of year seem so great. AdvertisementShe even suggests being transparent with people in your life about your holiday spending and savings.

Persons: —, Shinobu Hindert, it's, Hindert, FOMO, I've Organizations: Service, Brands

AdvertisementAdvertisementFor Love & Money is a weekly column from Insider answering your relationship and money questions. Our columnist says they may not owe their in-laws money, but they do owe them kindness and compassion. Write to For Love & Money using this Google form. We are in a different stage of life and have expenses the other siblings don't. Write to For Love & Money using this Google form .

Persons: —, I'd, it's, That's Organizations: Service

You shouldn't expect high-yield savings account interest rates to drop anytime soon. High-yield savings accounts are a great choiceDespite the fact that APYs will likely fall eventually, high-yield savings accounts can still be a really good place to put your money. "By its nature a high-yield savings account will still provide more interest than an ordinary savings account at a major bank," Herzog says. In fact, now may be the time to take advantage and put funds into a high-yield savings account if you haven't already. "If we see more talk of interest rates slowly declining, I think there will be more interest in longer-term securities or options to lock in those interest rates," Valega says.

Persons: —, you'll, we're, Andrew Herzog, Herzog, Catherine Valega, It's, Valega, it's Organizations: Service, Federal Reserve, Fed, Green Bee

AdvertisementAdvertisementWhen I was growing up, $100 went a long way toward paying for clothes, food, and bills. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . My view of money hasn't changed in decades, but this year has made me realize how I think of money is more suitable for the 70s than 2023. I'm just thankful our nieces and nephews are now adults, so there won't be long faces when we arrive at holiday parties empty-handed.

Persons: —, hasn't, I'm, didn't, It's, Scrooge Organizations: Service

AdvertisementAdvertisementMy family's cruise cost less than $1,700 for a week visiting several islands in Greece and Turkey. Cruise travel insurance is a good way to make sure you get the most out of the money you spend. Either way, interior cabins are always the least expensive, and they are often roomier and nicer than you might think. Compare cruise lines and itinerariesMake sure to compare cruise lines and itineraries before you book a cruise. Book earlyFinally, booking early is always the best way to save money on a cruise.

Persons: — Organizations: Service, MSC Musica, MSC Cruises, MSC Voyagers Locations: Greece, Turkey, Caribbean, Europe, Athens, Mykonos, Rhodes, Santorini, Cyprus, Kuşadası

For Love & Money is a biweekly column from Insider answering your relationship and money questions. This week, a reader makes much less money than their partner and is worried about the imbalance. Write to For Love & Money using this Google form. Dear For Love & Money,My partner and I are fully committed to each other and absolutely soulmates. Write to For Love & Money using this Google form .

Persons: that's, —, we're, you've, I've, it's, I'm, he'll, doesn't, they've Organizations: Service, America

However, variable-rate CDs and no-penalty CDs offer flexibility that may be worth considering. So far this year, CD rates have been increasing and I've managed to secure CDs with rates that range from 4.75% to 5.5% APY. "CD interest rates are for a 12-month period." Variable-rate CDBecause I've been mostly risk-averse with my CDs, one type that I've never tried are variable-rate CDs. For example, if you get a one-year CD paying 5% with the option to bump up, Manske said you can pay attention to CD rates and elect to update it if the rates rise.

Persons: —, I've, Christopher Manske, Manske, that's, doesn't Organizations: Service

About a year ago, I wanted to talk to my mom about her estate planning and financial needs. Get your estate planning in order firstBefore you even broach the topic of estate planning with your parents, get your own estate-planning ducks in a row. Approach estate planning with sensitivityRemember that estate planning is a delicate topic. In talking to your parents, Rivera suggests framing estate planning as the ultimate form of control and selflessness. Create an Estate Plan Online Trust & Will can help create an estate plan for you or your loved ones.

Persons: —, Valerie Rivera, Rivera, they're, You'll, you've Organizations: Service, FirstGen, Will Locations: America

I started working when I was in junior high, and I've always been glad to be able to earn money. I have chronic paranoid schizophrenia, and I haven't been able to work full-time since a 2006 episode. I've adapted as much as I can, but the limitations on when and how I can earn money are demoralizing. I've worked a variety of odd jobs since junior high. The hard truth is that I would have to seek housing with a family member without my husband's income.

Persons: I've, haven't, —, I'm Organizations: Service

If you want to retire early, start early and look at your expenses, your income, and your assets. But I didn't pay much attention to the second half of the book, which lays out a plan to retire early. Recently, I've been thinking about what early retirement might look like. Real estate and other assets are possible sources of income to fund an early retirement. The 3-bucket planCannon suggested making an emergency fund to deal with sudden expenses, like a medical event or a home or car repair, the foundation of your retirement plan.

Persons: —, I've, Bryan Cannon, Cannon, isn't, they're, doesn't Organizations: Service, Cannon Advisors, Social Security, Social Locations: Real

Our experts answer readers' student loan questions and write unbiased product reviews (here's how we assess student loans). Federal student loans come with a variety of benefits that you'll lose out on if you refinance. Federal student loans come with a range of benefits and protections that are not available with private loans. These programs, such as Public Service Loan Forgiveness, provide loan forgiveness after meeting specific criteria. When it comes to refinancing student loans, it's important to be cautious about converting federal loans into private ones.

Persons: you'll, —, I've Organizations: Service Locations: Federal

High-yield savings accounts have seen huge APYs in recent times, but those rates may not last forever. Earn top savings rates and manage it all with a single secure login. But when should you ease up on your savings accounts and consider investing your money instead? That can make investing much more attractive than a savings account — even in a high-yield savings account — if you have a longer time horizon. Alternatives to HYSAsYou don't have to decide between a savings account and investing in a retirement savings account — like a 401(k) or an IRA — or a taxable brokerage.

Persons: —, Banks, Laura Mattia, Steve Oniya, Oniya, Tony Corsino, Mattia, you'd Organizations: Treasury, Service, Federal Reserve, Advisors, OM Investments, Zen Financial

☆ Tucker Carlson media company signs its first ad deal
▼ + stars: | 2023-10-24 | by ( Brian Schwartz | ) www.cnbc.com time to read: +4 min

Former Fox News host Tucker Carlson's new media company has officially signed its first advertising deal. Preliminary details of the agreement between Carlson's new media company and PublicSq. Carlson's new company is named Last Country, according to The Wall Street Journal. Carlson's departure from Fox News came after the network's parent company settled Dominion Voting Systems' defamation lawsuit for $787.5 million. Since it went public, PublicSq.

Persons: Tucker, Michael Seifert, Carlson, Seifert, Donald Trump, Vivek Ramaswamy, Nick Ayers, Mike Pence, Former U.S . Sen, Kelly Loeffler, Neil Patel, Patel, Omeed Malik, Malik Organizations: Fox News, CNBC, PublicSq, New York Stock Exchange, Wall Street, Twitter, Republican, Systems, Former U.S ., U.S . Chamber of Commerce, Amazon, Chamber of Commerce, Colombier Locations: PublicSq, Capital

AdvertisementAdvertisementFor Love & Money is a biweekly column from Insider answering your relationship and money questions. Write to For Love & Money using this Google form. You think your boyfriend's parents should have saved enough for retirement, but maybe they did and lost most of it on a bad investment. AdvertisementAdvertisementYou said your boyfriend's parents were so embarrassed to ask their son for money that they cried. Write to For Love & Money using this Google form .

Persons: —, he's, They've, haven't, we've, we're, it's, you've Organizations: Service

☆ Over a year after the Supreme Court overturned Roe v. Wade, the cost of an abortion in the US can be as much as $30,000 — or as little as $150
▼ + stars: | 2023-10-21 | by ( Laura Mccamy | Avril Ayers | Read More | ) www.businessinsider.com time to read: +6 min

Access to abortion medication is available via telehealth. For those who need out-of-state care, however, the cost of abortion may be as high as $30,000. While costs have increased in places with bans, states like California and New York allow telehealth appointments for medication abortion, reducing travel time and the cost of abortion care. "What would have been a cost of $5,000 turned into $10,000 just for abortion care because it had to be in a hospital," she says. In April 2023, the Supreme Court maintained access to mifepristone, but additional cases could be brought to the Supreme Court in future terms.

Persons: —, Dobbs, Roe, Wade, Caitlin Myers, Myers, Sylvia Ghazarian, Ghazarian, I'm, WRRAP Organizations: Service, Jackson, Health, Guttmacher Institute, New York Times, Middlebury College, Reproductive Locations: California, New York, Georgia

Single women face unique challenges when planning for retirement, so I asked an expert for help. Plus, women are often put in a caregiving role, which means time off from work — and not contributing regularly to retirement funds. So how can single women like me juggle with inflation, a higher cost of living, dwindling income, and the gender wage gap to be on track for retirement? I asked Marie Thomasson, a certified financial planner and founder of Modern Assets, an LA-based financial advisory firm for independent, progressive women, for tips on how single women can steer the course and make sure they're on track with their goals for retirement planning. Reassess your retirement accountsOnce you have your financial bases covered, you can venture into investing and retirement planning, says Thomasson.

Persons: Marie Thomasson, —, I've, Thomasson, hadn't, doesn't, aren't, Amanda Holden's, Simran Kaur's, Erin Lowry's, Tonya Rapley's, Tiffany, We're Organizations: Service, Modern Assets, Research, Pew Locations: LA, YOLO

Black students are far less likely to have access to high school personal finance classes. But high schools with a majority of Black students are less likely to have a guaranteed personal finance course in their high schools. The student debt gapBlack borrowers are disproportionately burdened by student loan debt. Student debt can be daunting, but there are scholarships out there for Black students. 4. Credit discriminationRedlining is a well-known form of credit discrimination , but the issue goes beyond mortgages.

Persons: —, Tiffany Aliche, Pell, Biden, There's, Homeownership, doesn't, Aliche Organizations: Service, Finance, The Institute, College, NPR, National Bureau of Economic Research, Housing, Federal Reserve, Civil, Equal, The Association of African American Financial Locations: Brookings, Zillow

I've used several banks over the years, and I recently looked into switching to online banking. I've moved most of my investments to an online account so I don't focus on it every day. I inherited my first bank from my mother — the largest of Canada's Big Five banks, Royal Bank of Canada. When I lived in Switzerland, my husband and I had a shared bank account with United Bank of Switzerland. When I had all of my investments with BMO, it meant that I would see what my long-term investments were doing anytime I logged into my online banking.

Persons: I've, —, Scott, I'm Organizations: Service, Royal Bank of Canada, United Bank of Switzerland, BMO, Big Locations: Switzerland, Canada

I have a 401(k) from an old job, so I asked a financial planner what to do with the funds. Unsure of what to do with the money inside that old 401(k), I chatted with certified financial planner Faron Daugs for advice. Roll your old 401(k) into your current employer's planWhile this option doesn't apply to me because I'm self-employed, one route that Daugs suggested is rolling your old 401(k) plan into the 401(k) plan offered by your current employer. A Roth 401(k) is similar to a Roth IRA and a 401(k), where you make post-tax contributions and earnings inside the account grow tax-free. Daugs also said going this route means you won't get taxed on any distributions from your old 401(k) plan.

Persons: Roth, —, haven't, Faron, Daugs Organizations: Service, Roth IRA, IRA

I asked money experts for tips on how to get the most out of selling stocks by the end of the year. I'm going to use tax-loss harvesting to maximize the benefit I get from selling stocks. One pain point I'm addressing is that I have lost so much money in the stock market this year, and I just want out. With his recommendation, I sat down and reviewed each individual stock, looked into the company's earning reports, and researched news about emerging trends in that industry. However, Han shared a caveat that's important to know if you're someone who plans to keep on buying and selling stocks.

Persons: I'm, —, I've, Jeff Rose, Lei Han, Rose, Han, shouldn't Organizations: Service, CPA

With lifespans longer and families more spread out, it's essential that I think about long-term care. Long-term care insurance comes in many forms at many costs. The days of an unmarried woman taking care of elderly relatives are a thing of the past, which is why long-term care insurance products are more popular. Long-term care insurance goes beyond the standard health care insurance policy. A long-term care insurance policy protects against the risk of having to pay out of pocket for in-home and/or out-of-home care services.

Persons: —, Robert Kircher, what's, What's Organizations: Service, Northwestern Mutual Insurance, Life Locations: United States, Massachusetts, Policygenius

AdvertisementAdvertisementI knew college was the right choice for me, but I wasn't sure at first how I would pay for it. I reached out directly to people who could help, which got me opportunities like a work study program. It cannot be overstated how difficult it is to apply to, pay for, attend, and graduate from college as a first-generation, low-income student, especially without ending up with huge student loans. I applied for merit-based scholarshipsSome universities allow you to apply for scholarships directly when you submit your college application. Private Student Loans If you need to fill any financing gaps for college after exhausting all of your options, see our guide for the best private student loans.

Persons: —, I've, I Organizations: Service, Pew Research Center, Boston University Locations: QuestBridge

Our experts answer readers' student loan questions and write unbiased product reviews (here's how we assess student loans). AdvertisementAdvertisementAs of October 2023, student loans payments are back, but there are options if you can't afford them. As of October 2023, monthly payments are once again due on federal student loans after being paused since March 2020. Fortunately, there are solutions for people who can't afford student loan payments now. Borrowers who don't want to pay the payment on a standard 10-year repayment plan should look into income-driven repayment plans (including Biden's new SAVE repayment plan).

Persons: —, Jared Costigan, Costigan, Robert Farrington, Farrington, Danny Cieniewicz, you'll, Kantrowitz, Ben Markley Organizations: Service, White, The College Investor, Hyperion, Public, More College Financial

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