Inflation

UK shoppers are outraged over Herbal Essences reducing the size of their bottles from 400ml to 275ml while maintaining the £2 price, fuelling widespread criticism of shrinkflation practices.

The Social Security Administration's 2.5% COLA hike for 2025 will increase the monthly income of retired workers by an average of $50 and $100 for widowed mothers with two children.

Most job switchers contribute to 401(k)s at the low default rate fixed by the plan provider and often fail to account for the drop in savings rate when they move to a new employer despite a decent pay bump.

The senior is struggling to ask her husband of 30 years to cut his biological son and ex-wife from her portion of their combined net worth as they rarely help or stay in touch.

Christopher DeVocht from British Columbia alleges that RBC didn't acknowledge his limited financial acumen and advised him to donate millions to charities and trade using a margin account via a new holding company to avoid taxes.

The senior woman is exploring ways to ask her boyfriend of three years if he would include her in his will despite the wealthy man having previously expressed no inclination to marry her.

George Appling and his partner Brian will help their kids in their formative years by paying for college, cars, and homes but avoid covering extravagant purchases and make sure teenagers work hard to receive their hard-earned money.

75-year-old Tim F. wishes he had claimed his Social Security earlier to fulfil his plans of spending it together with his wife, Sarah, who passed away at age 68.

Having millions doesn't guarantee feeling wealthy. Many millionaires still feel financially insecure and believe their plans need improvement.

Supplemental security income (SSI) checks are issued on the first day of the month. However, they arrive earlier if the first falls on a weekend.

Berkshire Hathaway chairman Warren Buffett, 94, entrusted his children with the responsibility of donating his entire wealth upon his passing to charities of their choice. His new estate plans will also stop funding the Gates Foundation upon his death.

Warren Buffett struggles to get around the complexities at Nike, its lagging segments like golf equipment and helmets, and lack of clear competitive advantages despite top fund managers buying the stock as new CEO Elliott Hill plans to steer the company back to its roots.

The new tax will be adjusted when Social Security recipients in these states file their federal income tax returns. However, some states are working to extend exemptions to qualifying seniors.

A 73-year-old US woman moved to Europe to live with his husband she married three years ago. She wonders if it's normal to give away the house they share to a distant relative while she pays the bills and supports their lifestyle.

Ramit Sethi explained that the FIRE community can help people live ultra-frugal lives and retire early. However, some drawbacks in the community must be remedied to achieve financial independence goals without drastically downgrading lifestyles.

A tween throws a fit demanding a $1200 iPhone despite her parents offering a more affordable $600 model.

Most investors rolling over their 401(k) funds into an IRA are unaware that the money sits as idle cash until actively invested in stocks and bonds.

Personal finance expert Sean Bryant plans to invest in renewable energy companies, infrastructure firms, and real estate while stalling student loan repayments if Democratic nominee Kamala Harris wins the 2024 US elections.

US Vice President and Democratic nominee Kamala Harris plans to lower living costs through several measures, including lowering grocery prices, introducing child tax credits, and offering downpayment assistance for first-time homebuyers.

Lou, a final-year student working full-time in the tech sector, had to pay off her $16 outstanding BNPL debt and $38,000 in HECS student loans before securing a mortgage.

Minnesota Governor and US Vice Presidential candidate Tim Walz's early retirement funds withdrawal could severely impact his retirement portfolio's compounding growth rate and attract taxes and penalties on the amount.

Alyse Benoit repaid all her debt and tripled her savings every month with the help of her kids. She cuts back on food and subscriptions, shares profits with the kids, repays credit card balances weekly, and aggressively shops for the best deals.

Blackstone has aggressively expanded its real estate empire since 2021, owning 350,000 rental units while fighting rent control measures and allegedly using rent-fixing software that is being probed for financially impacting millions of renters.

Americans increasingly value time over money as the definition of wealth for younger generations rapidly shifts to spending more time with friends and family.

A mother added her daughter as an authorised user to her credit card, opened nine accounts in her name, and racked up $30,000 in debt. She urged the daughter to take down the police complaint and be grateful for letting her go to college.

An international student in London reveals the harsh reality of financial struggles and social isolation, admitting she's "too poor to hang out with friends" due to the city's high cost of living.

The Capital on Tap business credit card charges no annual or forex/ATM fees, offers a 42-day interest-free period, APRs starting at 15.22%, and 1% cashback on all business spending.

Elizabeth's impulsive spending habits have kept her family poor for over a decade. She continues splashing money on clothes and using buy-no-pay-later apps for all expenses.

Millionaire author Ramit Sethi shared his detailed retirement strategy of diversifying investments in often-overlooked retirement accounts to help protect investments and capital gains from taxes, inflation, and market volatility.

George Kamel warns homebuyers against falling into the trap of assumable mortgages, which often lead to high upfront payments, long closing times, and a lot of paperwork.