This long-standing aversion to discussing money can cause us to miss out on essential conversations, information, and joint decision-making processes that can benefit our finances and reduce stress and worry regarding our finances . It can also engender unrealistic expectations about money; deprive us of support and advice from trusted friends and family; and cause us to avoid learning more about managing our finances.
Learning to talk about money is similar in some ways to discussing other contentious topics, such as politics or relationships. We expect that it can bring forth uncomfortable emotions and conflict, yet many of us have learned how to do so, anyhow. There are some learnings from other difficult subjects that we can apply to our money conversations:
In case you are keeping track:
YOUR MONEY: The dos and don'ts of building up a good credit score
BATON ROUGE, La. (WAFB) - Pelican State Credit Union says customers reach out with lots of questions about credit scores, so director of financial outreach, Jessica Sharon, talked with WAFB to breakdown the dos and don'ts of getting your score on the right track.
The very first rule of a good credit score: Pay your bills on time. Don't sweep your debts under the rug.
"Always, always, always pay your bills on time. Thirty-five percent of your credit score is do you pay your bills on time," said Sharon.
Trump floats pulling federal money from ‘anarchist’ cities - POLITICO
President Donald Trump ordered a review of cities' treatment of law enforcement Wednesday, potentially holding back federal funds if the administration finds a jurisdiction "disempowers" or "defunds" its police department.
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The memo specifically calls out Seattle; Portland, Ore.; New York; and Washington, D.C., for investigation.
Keller now comfortable with accepting federal money to hire more APD officers | KOB 4
Ryan Laughlin
Updated: September 02, 2020 06:15 PM
Created: September 02, 2020 04:17 PM
ALBUQUERQUE, N.M.- Despite initial concerns , Mayor Tim Keller is open to accepting $10 million in federal money to hire 40 more Albuquerque Police Department officers.
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"I think fundamentally, it's the President of the United States, which I know sounds awkward, but in this case, it was really the president," Keller said.
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Coronavirus relief money impact on taxes for 2020 | wtol.com
TOLEDO, Ohio — Due to record-high employment stemming from coronavirus, many Americans have relied on government assistance to pay their bills; but that money could impact next year's taxes.
"Right now, as it stands, having to pay tax on whatever is forgiven - even though it says it is not taxable - they have come about in a different way and said you cannot deduct the wages that you would've ordinarily deducted. So, in effect, you're getting to the same place; it's taxable," Thomas Baird with Toledo CPA said.
If doing less means saving more, try these 5 money moves
( NerdWallet ) - The coronavirus has upended countless jobs, schools and bank accounts. But while undoubtedly more people are struggling than not, those who are still working may have seen their expenses actually drop, due to canceled travel, limited dining options and more time at home.
If you've managed to end up with extra money during the pandemic, here's how to take advantage of those savings.
2020 has served as a stark reminder that unexpected things can happen, and when they do, it's a good idea to be prepared.
Stimulus check money: A $1,200 payment might still get to you this year - CNET
Calculate the maximum payment that could end up in your pocket if another stimulus package comes your way.
Depending on how negotiations shake out, the total amount your family may get could change. Here's a look at the caps put in place to give you an idea of what government leaders are thinking.
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While there's no official plan yet, it's likely that receiving this second stimulus check would work much like it did the first time around.
Money Experience Summit 2020: MX Spotlights BECU For Improving The Financial Health Of Its Members
SILICON SLOPES, Utah , Sept. 2, 2020 /PRNewswire/ -- MX, the leader in money experience, spotlighted BECU at the first annual Money Experience Summit for its efforts to empower its members to be financially strong during the current COVID-19 pandemic. The annual spotlight highlights one organization that is using the power of data to affect financial health and social change among their members and in their local community.
At the beginning of the pandemic, BECU identified a segment of its members who did not have automatic savings set up and likely needed help finding ways to save money. To address this, BECU implemented the Quick Save feature in their mobile app, which allows members to easily transfer funds to their savings account by using the 'slide to save' panel on their dashboard. By making the act of saving as simple as a swipe, BECU helped their members build a savings habit.
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