money

Do You Really Need a Health Savings Account?

Benjamin Franklin supposedly said that the only certainties in life are death and taxes. But if he were alive in 2021, he probably would add health care expenses to that list. According to the Centers for Medicare and Medicaid, health spending accounted for 17.7% of the US Gross Domestic Product …

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Is That Social Security Call a Scam?

Social security is kind of complicated. (Though we tried to simplify it all here.) How much you receive as a benefit is linked to how much you earned throughout your career, when you were born, how old you will be when you start withdrawing funds, what inflation rates are, and …

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How Much Money Do You Really Need to Be Happy?

They say money can't buy you happiness. Yet studies have suggested that money can, in fact, buy you happiness—to an extent. When it comes to how much happiness actually costs, though, the jury is out. Historically, a 2010 study by Princeton University researchers found that making $75,000 a year was …

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My Financial Anxiety Led to an Adult ADHD Diagnosis

I grew up in a family that never talked about mental health. Unfortunately, that's very common in the Latinx community—but it's not uncommon in other communities, either.  When I was young, I didn't understand why I constantly felt stressed out, or why I attempted suicide at age 16 after feeling …

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Is Social Security Really Going Bankrupt?

You've read the headlines: "Social security is going bankrupt!" You may have even thought, Well, social security will be out of cash by the time I retire, so I don't really need to pay attention to what's going on. While it is true that demographic shifts (more on those in …

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Do You Really Need a Living Will?

When the kids are in bed and our Slack notifications are turned off for the day, few of us want to forgo another episode of Succession in favor of burdening our friends, siblings, or spouse with a convo about what we would want to happen were we to become incapacitated …

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Don't Make These Money Mistakes When it Comes to Your Health

Even if you consider yourself to be thrifty regarding most types of shopping, spending on your health isn't always so straightforward. Should you opt for the low-premium or the low-deductible health plan? Should you schedule a checkup now or wait until you've got a health question for your doctor? It's …

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How to Avoid the Financial Pitfalls of Being a Caregiver

Caregiving, whether for an aging family member or another loved one, can involve providing many forms of help—physical, emotional, and financial. Caregiving sometimes even involves providing direct financial support. But caregiving can impact you financially in other ways too, like through lost work time or a bunch of small purchases …

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