Personal Finance: Expert Advice, News and Tips https://nypost.com Your source for breaking news, news about New York, sports, business, entertainment, opinion, real estate, culture, fashion, and more. Wed, 15 Jan 2025 21:48:56 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.5 163456144 Americans’ common misunderstandings about taxes unveiled — including basic mistakes https://nypost.com/2025/01/15/personal-finance/americans-common-misunderstandings-about-taxes-unveiled/#respond Wed, 15 Jan 2025 16:48:55 -0500 2025-01-15T16:48:56-05:00 https://nypost.com/2025/01/15/personal-finance/americans-common-misunderstandings-about-taxes-unveiled/ SWNS https://nypost.com/?post_type=article&p=34498347 0 34498347 A quarter of millennials and Gen X even believe that immigrants don’t pay taxes. About 23% of Gen Z and 28% of millennials have filed their own taxes directly to the IRS without anyone’s help. Nearly one in five Gen Zers 17% believe that you can write anything off as a business expense when filing your taxes, according to new research. 77% of Americans agree that when it comes to filing taxes, they just want their money as soon as possible, according to the survey. Despite the “big screen for big purchases” stereotype, more millennials prefer smartphones than desktops. Regardless of how familiar they are with the terms, more than 77% of Americans agree that when it comes to filing taxes, they just want their money as soon as possible. In a more realistic sense, a little more than a third 34% believe that they’ll get more money in tax refunds in 2025 than they did in 2024. Capital One cheated its customers out of over $2B in interest payments, explosive lawsuit claims https://nypost.com/2025/01/14/business/capital-one-sued-by-feds-for-avoiding-billions-in-interest-payments/#respond Tue, 14 Jan 2025 13:34:14 -0500 2025-01-15T08:09:03-05:00 https://nypost.com/2025/01/14/business/capital-one-sued-by-feds-for-avoiding-billions-in-interest-payments/ Reuters https://nypost.com/?post_type=article&p=34474242 0 34474242 CAPITAL ONE-CFPB/ Capital One Bank sign Consumer Financial Protection Bureau sign Majority of Americans want to improve their money habits in 2025 — here’s how they’re doing it https://nypost.com/2025/01/08/lifestyle/how-americans-are-improving-their-money-habits-in-2025/#respond Wed, 08 Jan 2025 14:26:10 -0500 2025-01-08T14:26:11-05:00 https://nypost.com/2025/01/08/lifestyle/how-americans-are-improving-their-money-habits-in-2025/ SWNS https://nypost.com/?post_type=article&p=34366496 0 34366496 Young woman holding 50 dollars bank notes stressed with hand on head. More than 1 in 4 Americans don't know their interest rate When quizzed, 59% didn’t know what APR meant, 78% were confused by the abbreviation APY (annual percentage yield) and 79% did not know that ROI stands for “return on investment.” The most common incomplete resolutions from last year turn out to be not saving enough money. 55% of respondents are planning on taking a “slow living” approach to 2025, and on average, those respondents plan to slow their lifestyles down by 33% in the new year.  Financially successful adults had these traits in common as children, according to 50 years of research https://nypost.com/2024/12/22/lifestyle/successful-adults-had-these-traits-in-common-as-children-study/#respond Sun, 22 Dec 2024 11:59:29 -0500 2024-12-23T15:17:49-05:00 https://nypost.com/2024/12/22/lifestyle/successful-adults-had-these-traits-in-common-as-children-study/ Hannah Sparks https://nypost.com/?post_type=article&p=34172852 0 34172852 newspress-collage-f43rmkbj6-1734886283105 A collage of a child playing with blocks, representing qualities in childhood that give rise to financially successful adults VIP man and woman exiting an open limousine JP Morgan Grinches double down and refuse to pay late husband’s pension to widow after 13-year battle https://nypost.com/2024/12/20/business/grinches-at-jp-morgan-double-down-on-refusal-to-pay-widows-pension-no-change/#respond Fri, 20 Dec 2024 15:36:17 -0500 2024-12-22T23:33:28-05:00 https://nypost.com/2024/12/20/business/grinches-at-jp-morgan-double-down-on-refusal-to-pay-widows-pension-no-change/ James Franey https://nypost.com/?post_type=article&p=34155910 0 34155910 JPMORGAN-CEO/ Elaine Silverberg Jamie Dimon The late Mel Silverberg (left) with Elaine and two of their young children. Gen Z is suffering a ‘midlife crisis’ — amid ‘vicious cycle’ of overspending and job stress: study https://nypost.com/2024/12/19/lifestyle/gen-z-is-suffering-a-midlife-crisis-due-to-job-financial-stress-study/#respond Thu, 19 Dec 2024 13:15:15 -0500 2024-12-19T13:15:25-05:00 https://nypost.com/2024/12/19/lifestyle/gen-z-is-suffering-a-midlife-crisis-due-to-job-financial-stress-study/ Asia Grace https://nypost.com/?post_type=article&p=34143673 0 34143673 A distressed young woman. A stressed young man reviewing his finances. Picture of young wife and husband in kitchen having concentrated looks while reading notifications from bank. A woman taking money out of a wallet. Young woman putting dollar banknote into glass jar. How Americans used FinTok — the financial version of TikTok — in 2024 https://nypost.com/2024/12/11/lifestyle/survey-reveals-how-americans-used-fintok-in-2024/#respond Wed, 11 Dec 2024 12:02:11 -0500 2024-12-11T12:02:13-05:00 https://nypost.com/2024/12/11/lifestyle/survey-reveals-how-americans-used-fintok-in-2024/ SWNS https://nypost.com/?post_type=article&p=34061103 0 34061103 According to the survey, the younger generations are taking advantage of what’s at their fingertips, as Gen Z gained an average of 49 pieces of financial advice. Financial TikTok users have gained 42 pieces of financial knowledge from the platform throughout 2024, according to new research. Considering all the different sources, today, 50% believe that the information they get on FinTok is better than other platforms they’ve used.  holding white piggy bank with two hands on the coin stack 68% of respondents admitted that it has improved their financial situation at home. In 2024, FinTok users experimented with “side hustling” and tried the “pay off debt trend." How much will the average American spend this holiday season? https://nypost.com/2024/12/10/lifestyle/how-much-will-the-average-american-spend-this-holiday-season/#respond Tue, 10 Dec 2024 13:22:50 -0500 2024-12-10T13:22:52-05:00 https://nypost.com/2024/12/10/lifestyle/how-much-will-the-average-american-spend-this-holiday-season/ SWNS https://nypost.com/?post_type=article&p=34053327 0 34053327 The average American will spend over $2,000 this season, according to a recent study. Father and daughter entering in home and holding pile of Christmas gifts for whole family. A variety of colored Christmas gifts stand near a decorative Christmas tree in the house on the floor under the branches. Friends window shopping outdoors in winter city street. Vienna, Austria. Gen Z’s idea of a successful salary is nearly 600% of what Boomers settle for, shocking poll reveals https://nypost.com/2024/11/27/lifestyle/gen-z-has-an-inflated-sense-of-what-salary-they-should-make-for-success-study-reveals/#respond Wed, 27 Nov 2024 15:46:28 -0500 2024-11-27T15:46:40-05:00 https://nypost.com/2024/11/27/lifestyle/gen-z-has-an-inflated-sense-of-what-salary-they-should-make-for-success-study-reveals/ Adriana Diaz https://nypost.com/?post_type=article&p=33960452 0 33960452 woman putting money into piggy bank stack of money man holding money How do you know when you have financially ‘made it’ in life? https://nypost.com/2024/11/26/lifestyle/how-do-you-know-when-you-have-financially-made-it-in-life/#respond Tue, 26 Nov 2024 11:31:25 -0500 2024-11-26T11:31:29-05:00 https://nypost.com/2024/11/26/lifestyle/how-do-you-know-when-you-have-financially-made-it-in-life/ SWNS https://nypost.com/?post_type=article&p=33948621 0 33948621 Less than one-third of Americans (31%) think they’ve financially “made it” in life, according to new research. More millennials than any other generation believe they’ve already made it, according to the survey. Survey results found that Americans believe external factors will impact their financial goals: the results of the presidential election. Eight in 10 of respondents say their definition of “making it financially” has evolved over time, and the average net worth identified to financially “make it” is about $234,000. 31% of millennials said the greatest sum of their money is spent on their family, while Gen X (43%) and baby boomers (50%) are putting their finances toward retirement. Only 27% of baby boomers believe they’ve reached financial success, and, of those who have not, only a third believe they someday will, according to the research. “The uncertainty around the economy, politics, and other external factors can weigh heavily on people — and are right now,” said Jessica Jones with BOK Financial Advisors. I’m a billionaire entrepreneur at 34 — this is my easy secret to success https://nypost.com/2024/11/24/personal-finance/tech-billionaire-ankur-jains-secret-to-success-start-with-a-problem/#respond Sun, 24 Nov 2024 19:39:50 -0500 2024-11-24T19:40:01-05:00 https://nypost.com/2024/11/24/personal-finance/tech-billionaire-ankur-jains-secret-to-success-start-with-a-problem/ Hannah Sparks https://nypost.com/?post_type=article&p=33937003 0 33937003 Ankur Jain and Erika Hammond attending Bilt Rewards' 2023 Winter Holiday House Party at Maxwell Social in New York City Mayor Eric Adams and Ankur Jain smiling at the Bilt Rewards X Wells Fargo Launch Event Party in New York City on March 28, 2022 Erica Hammond and Ankur Jain posing for a picture at the Sports Illustrated Swimsuit Runway Show during Miami Swim Week at W South Beach Your Amex, Chase and Capital One reward points may soon look different — here’s what customers should know https://nypost.com/2024/10/02/personal-finance/amex-chase-and-capital-one-reward-points-changes/#respond Wed, 02 Oct 2024 13:42:03 -0400 2024-10-02T14:00:45-04:00 https://nypost.com/2024/10/02/personal-finance/amex-chase-and-capital-one-reward-points-changes/ Adriana Diaz https://nypost.com/?post_type=article&p=33481080 0 33481080 La,,Ca,,Usa,-,May,26,,2016:,Credit,Card,Is Credit cards Cheerful young dark-skinned female holding a smartphone and credit card, engaged in online banking or shopping in a cafe interior Young man and woman holding hands and looking at a flying plane through airport window, while carrying luggage Always read the fine print: Take these precautions before signing up for a store credit card https://nypost.com/2024/09/28/personal-finance/before-you-sign-up-for-a-store-credit-card-know-what-youre-getting-into/#respond Sat, 28 Sep 2024 15:57:05 -0400 2024-09-28T15:57:18-04:00 https://nypost.com/2024/09/28/personal-finance/before-you-sign-up-for-a-store-credit-card-know-what-youre-getting-into/ Associated Press https://nypost.com/?post_type=article&p=33449769 0 33449769 Visa credit and debit cards are seen in this picture illustration taken August 2, 2022. Closeup Of Unrecognizable Black Woman In Winter Coat Showing Credit Card, Holding Bright Colorful Shopping Bags. In this photo illustration credit cards are seen on a computer in Ankara, Turkiye on June 26, 2023. Shopping online with credit card concept. cropped shot of young couple shopping online with credit card and laptop at christmas. Close up of a card payment being made betweem a man and a waiter in a cafe. student enjoys the seamless experience of online shopping while relaxing in a Soho café. Buying a house in some popular Florida cities now cheaper than rent — as mortgage rates fall and markets cool https://nypost.com/2024/09/17/personal-finance/buying-a-house-in-florida-in-2024-now-cheaper-than-rent-experts/#respond Tue, 17 Sep 2024 20:54:53 -0400 2024-09-17T20:55:02-04:00 https://nypost.com/2024/09/17/personal-finance/buying-a-house-in-florida-in-2024-now-cheaper-than-rent-experts/ David Landsel https://nypost.com/?post_type=article&p=33358847 0 33358847 South Beach, Miami Beach. Tropical and Paradise coast of Florida, USA. Aerial view. Downtown Miami skyline with commercial and residential buildings surrounded by palm trees Downtown Miami skyline viewed from a low elevation, featuring palm trees and Biscayne Bay in the foreground, representing post-pandemic housing market changes in South Florida. California mom tests limits of Costco’s return policy — by trying to take back a 3-year-old couch her son drew on: ‘Do you feel good about it?’ https://nypost.com/2024/08/08/lifestyle/woman-tests-costco-return-policy-by-returning-3-year-old-couch/#respond Thu, 08 Aug 2024 20:42:51 -0400 2024-08-08T22:28:59-04:00 https://nypost.com/2024/08/08/lifestyle/woman-tests-costco-return-policy-by-returning-3-year-old-couch/ Alex Mitchell https://nypost.com/?post_type=article&p=33049211 0 33049211 Many people are taking advantage of Costco's generous return policy. This is the moment Jasmen Reyes watched the store take back her years old, ripping couch. Jasmen Reyes, a California realtor shared how returning old items really goes down at Costco. Team Biden is shocked, shocked at massive migrant fraud — but still wants to wave them in https://nypost.com/2024/08/04/opinion/team-biden-is-shocked-shocked-at-massive-migrant-fraud-but-still-wants-to-wave-them-in/#respond Sun, 04 Aug 2024 16:01:01 -0400 2024-08-05T13:39:17-04:00 https://nypost.com/2024/08/04/opinion/team-biden-is-shocked-shocked-at-massive-migrant-fraud-but-still-wants-to-wave-them-in/ Post Editorial Board https://nypost.com/?post_type=article&p=33006611 0 33006611 Migrants board a plane at El Paso International Airport Migrants board a World Atlantic flight at El Paso International Airport on Wednesday, April 19, 2023 in El Paso, Texas. Gen Z is suffering from ‘money dysmorphia’ — they may not be as poor as they think they are https://nypost.com/2024/07/26/lifestyle/why-young-people-are-getting-money-dysmorphia/#respond Fri, 26 Jul 2024 20:20:13 -0400 2024-07-26T20:20:25-04:00 https://nypost.com/2024/07/26/lifestyle/why-young-people-are-getting-money-dysmorphia/ Alex Mitchell https://nypost.com/?post_type=article&p=32946264 0 32946264 Stresses of money for young people is becoming crippling. Money worries are overwhelming young people. Young people are buckling under financial stress. Money woes are getting the best of young people. Parents say high grocery bills are causing ‘drastic readjustments’ at home https://nypost.com/2024/07/12/personal-finance/parents-say-high-grocery-bills-are-causing-drastic-readjustments-at-home/#respond Fri, 12 Jul 2024 13:55:51 -0400 2024-07-12T14:52:17-04:00 https://nypost.com/2024/07/12/personal-finance/parents-say-high-grocery-bills-are-causing-drastic-readjustments-at-home/ Fox Business https://nypost.com/?post_type=article&p=32801209 0 32801209 Trader Joe's receipt Sergio Gonzalez man with shocked emotions holding very long shopping list while buying food in the supermarket receipt shopping at supermarket I was a Starbucks barista — here are 7 ways customers waste their money by not ordering correctly https://nypost.com/2024/06/27/lifestyle/how-to-save-money-at-starbucks-according-to-a-barista/#respond Thu, 27 Jun 2024 20:13:00 -0400 2024-06-27T20:13:09-04:00 https://nypost.com/2024/06/27/lifestyle/how-to-save-money-at-starbucks-according-to-a-barista/ Adriana Diaz https://nypost.com/?post_type=article&p=32616248 0 32616248 84573027 Starbucks baristas White paper cup with Starbucks logo and Dollar bills. Starbucks coffee sign logo How to boost your credit score if you’re a first-time homebuyer https://nypost.com/2024/06/18/personal-finance/tips-on-boosting-credit-scores-for-first-time-home-buyers/#respond Tue, 18 Jun 2024 11:55:21 -0400 2024-06-18T11:55:27-04:00 https://nypost.com/2024/06/18/personal-finance/tips-on-boosting-credit-scores-for-first-time-home-buyers/ Realtor.com https://nypost.com/?post_type=article&p=32496913 0 32496913 someone checking credit score on phone computer with credit score on screen with graphs and money on the table credit score monitor someone checking credit score on computer model home in hand with score report and money in the background woman holding house keys