31 Hidden Ways You’re Bleeding Money Every Month

There are some expenses you plan for every month — your rent or mortgage, utilities, your cellphone bill, etc. — but there are also a lot of hidden expenses you’re paying for regularly that you might not be aware of. These little costs could quickly add up, whittling away at your hard-earned paycheck.

Uncover the hidden ways you’re losing money every month, so you can start making moves to stop the bleeding.

Last updated: Sept. 9, 2020

Not Tracking Your Spending

You should be able to account for every dollar you spend. Keep track of your spending with a budgeting app, spreadsheet or even a notebook. Simply recording what you’re spending money on will make it easier to spot any hidden expenses.

Shopping for Seasonal or Holiday Items In-Season

Many stores put their displays of seasonal goods up front where they’re hard to resist — but don’t fall into this

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39 Careless Ways Retirees Waste Money

You’ve worked hard all your life, so you deserve to enjoy yourself in retirement. However, when you live on a fixed income, it’s important to keep track of where every dollar is going and not spend money carelessly. I spoke to financial experts and business leaders to find out the most common ways retirees waste money — so you know what not to do and can make better decisions that enable your retirement savings to last well into your golden years.

Last updated: Sept. 3, 2020

Investment Fees

A financial advisor can be a great asset when it comes to retirement planning, but make sure you’re not paying them higher fees than you need to be.

“Investment fees can run 1-2% of your assets. For retirees with a million dollars invested that’s $10-20k a year,” said speaker, writer, teacher and financial coach Jillian Johnsrud. “If you’re only getting an hour

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Old-School Money Advice You Shouldn’t Follow Anymore

If you don’t know much about money, you don’t have to look far for advice. You can always learn from personal finance articles, books and videos or from money-savvy friends and family.

the worst money advice.” data-reactid=”18″Although there’s no short supply of guidance, money rules can shift over time. For that matter, some old-school advice should be taken with a grain of salt. Here’s what the experts said is some of the worst money advice.

Most people need a mortgage to purchase a home. However, financing a house entails paying thousands of dollars in interest. To reduce interest charges, some borrowers come up with a plan to pay off their mortgages early by making extra payments.

This advice isn’t bad in itself, but according to Paul Moyer, the founder of SavingFreak.com, this advice doesn’t make the … Read More

People find new ways to spend vacation money in today’s ‘homebody economy’

A pool in the backyard? A fresh coat of paint on the deck? For some people flush with funds from canceled vacations due to the coronavirus pandemic, that’s exactly the plan.

A new survey shows nearly one-third of homeowners are using money previously set aside for travel and spending it on home improvements — doing everything from small updates to large renovations.

What are people spending vacation money on?

Half of those homeowners said they’re putting the funds towards structural repairs, such as a basement renovation or a new roof, according to the survey of 1,878 people from Groundworks, a home services company. About 30% said they’re putting the money toward outdoor entertaining, such as a new dining set on the patio. And the rest said they’re spending the money on home additions, creating an at-home gym or even installing a new pool.

For Saleena Sidhu of New York City,

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With work shuttered, some have found a new way to make money: Internet odd jobs

Minutes after Kara Jones wakes up, she’s glued to her desktop computer, filling out surveys or being interviewed about website design. After her toddler goes to sleep at night, she pulls out her phone and sends videos to market research companies.

Hardly a minute of Jones’ free time is not spoken for or meticulously analyzed on an elaborate spreadsheet where she tracks dozens of side-hustle websites.

“I’ll apply for a whole bunch of tasks in a week that I’m really passionate about. Before I realize it, my whole week, every available minute, is taken up by paid studies,” she said. She said she uses the spreadsheet to keep records of which sites offer “the highest ROI,” or return on investment.

Jones, 35, was laid off in May and quickly began spending hours each day scouring websites for ways to scrape together a few dollars at a time by giving her

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How Do We Protect the Next Generation from Blowing Our Money?

Can you even imagine a billion dollars? If you earn $45,000 a year, it would take you 22,000 years to amass such a fortune. Well, now imagine $1 trillion. That’s 1,000 billion. One trillion divided evenly among the U.S. population would mean that everyone in the U.S. would receive a little over $3,000. Now imagine $68 trillion. If we use the same math, each person would receive about $200,000.  

Cerulli Associates.  Mind-boggling, at best. Generation X (born between 1965-1980) stands to be the primary beneficiary of this wealth transfer. But are they ready for that money?” data-reactid=”22″What is so magical about $68 trillion?  It is the amount of money that is projected will transfer from Baby Boomers (born between 1946-1964) to their heirs over the next 25 years, according to Cerulli Associates.  Mind-boggling, at best. Generation X (born between 1965-1980) stands to be the primary beneficiary of this

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30 Essential Money Habits

What are you doing every day that can help you grow your bank account? If you can’t answer that question, it’s time to develop some new money habits.

Just like with your physical health, your financial health depends on the daily decisions you make every day. While healthy habits such as eating better and exercising keep you fit, certain money habits can keep you financially comfortable and help you establish wealth. Click through for money habits you should be doing on a daily basis if you want to be rich.

Last updated: July 20, 2016

1. Spend Less Than You Earn

This habit is Personal Finance 101. It’s always going to be true that you’ll never get ahead financially if you always have more money going out than coming in. The great news is there are two ways you can work on this habit: Focus both on growing your income

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I was a Chinese grad student and lost all of my money in a scam. How could it happen to me?

Xinlu Liang, 22, a Chinese grad student who lost all her money in a telephone scam. <span class="copyright">(Mel Melcon / Los Angeles Times)</span>
Xinlu Liang, 22, a Chinese grad student who lost all her money in a telephone scam. (Mel Melcon / Los Angeles Times)

“Hi, is that Xinlu Liang?” The caller, speaking in Chinese, woke me from a nap. “This is a call from UPS. You have a suspicious package blocked at Chinese customs” in Beijing.

The person on the other end of the line said he was checking the information on the mailing label. “If you didn’t send this package, then your personal information may have been leaked. We suggest you report this to the Chinese police.”

I’d arrived in Los Angeles just 45 days earlier — at the end of June 2019 — to start work on a master’s degree in journalism at USC, and every day was a struggle: seven hours of classes, Tuesday through Friday, followed by many more hours of writing.

I lived in an apartment near

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How to Earn Money Online

The jobs available for people looking to make money online run the gamut. On the internet, you can seek everything from full-time employment as a remote staff member to a work-whenever-you-want side hustle as a blogger or jewelry-maker.

Although the COVID-19 pandemic has rattled the job market, online hiring is strong in a range of industries. According to Glassdoor’s Job Market Report, there were 11,430 remote job openings in July on Glassdoor, up 28.3% from the year before.

“The fields with the most remote-work listings right now include areas like customer service, sales, computer and (information technology), medical and health, and education and training,” wrote Brie Weiler Reynolds, career development manager and coach at FlexJobs, a resource for finding remote jobs, part-time jobs, freelance jobs and other flexible jobs, in an email.

These are industries where work has moved away from in-person to online interactions, she notes.

Other fields with

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