In the News

By: Brittany De Lea | Source: Fox Business

Funding for Social Security was on shaky ground even before the coronavirus pandemic began, but now concerns have been raised over the strength of the fund, with projections pointing to only a portion of benefits to be received. However, the major damage concern is the continued unemployment which reduces payroll tax revenues that fund the social security program. Find out more about potential impacts on the program’s future.

By: Aly Yale | Source: Fox Business

Medical bills are the leading cause of bankruptcy according to the American Journal of Public Health. Personal loans may work to your advantage if you’re facing potential collections attempts. Aside from consulting with your medical provider directly, there are other options to consider if an agreement can’t be made.

By: Aimee Picchi | Source: USA Today – Money

Millions of households are experiencing financially stressful times as a result of the coronavirus pandemic which can make it tempting to seek out quick cash. This may seem like a good option as bills come in, but could end up costing more in the long term. Consider alternate cash routes to protect your financial footing beyond the short term.

By: Expert Panel | Source: Forbes Finance Council

Concerns about risks to consumer data are realities for mobile banking and wallet applications. Cybersecurity is a two-way street that requires precautions from both the financial institutions and the consumers themselves. Forbes Finance Council offers the advice of 13 finance experts to provide tips on how to help protect your digital financial information.

By: Sheryl Nance-Nash | Source: Money

In the wake of self-isolation efforts to flatten the curve from the coronavirus, many couples are feeling the financial strain and stress of the pandemic. As couples emerge from quarantine, some will see it as the excuse they need to call it quits but lack the resources for a divorce. Read the fine print on the pros, cons and other alternatives associated with the monetary burdens of divorce during this crisis.

By: Gabrielle Olya | Source: Go Banking Rates

The current health measures to prevent the spread of COVID-19 has caused unemployment to skyrocket, highlighting how crucial it is to reduce spending and focus on saving. GOBanking Rates spoke to financial and consumer experts to get their insight on which expenses to trim during the pandemic. and has forced many businesses to close or reduce workers hours.

By: Anna Hecht | Source: CNBC Make It

Financial discussions may be difficult under normal circumstances, but during tough times it’s important to be sensitive to partners without criticism. Having a money talk mid-pandemic is not ideal, but neither is the coronavirus; confront budgets together and reassess goals, as well as paying close attention to emergency funds and discussing job security. Remember to schedule check-ins to reevaluate financial strength.

By: Liz Alterman | Source: FinanceBuzz

A survey of purchasing habits and frequently used payment methods was conducted by FinanceBuzz. Contrary to popular belief the younger generations have not rendered cash and checks obsolete, even as mobile wallet issuers add incentives and rewards with the hope of attracting new users.

By: Barri Segal | Source: CreditCards.com

There is more than one reason to keep your credit cards open and active. Find out from a selection of experts how a closed card might impact your overall credit and how and when to avoid having it closed.

By: Nick Clements and Casey Bond | Source: US News and World Report Money

Lenders, like credit card companies and banks, use credit scores to assess possible risks associated with lending out money to consumers. The goal is to reduce losses due to bad debt by evaluating your score, which can be determined by several factors, like paying your bills on time. Keeping your credit utilization low is another smart strategy toward increasing your score.

By: Geoff Williams | Source: HuffPost – Life Money

There’s no right or wrong answer as to when a parent should cut off their children financially – compiled are a few questions to ask that may provide a resolution. Instead of asking when to “cut the cord” try to determine how. How should funds be given out to kids and do they understand the value of money?

By: Expert Panel | Source: Forbes Finance Council

Running a business is a complex process and with so many types of businesses and industry services, it can be difficult to know which area within a company is wasting hard earned money. The Forbes Finance Council has enlisted its 14 members to highlight where businesses might be wasting funds.