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Husband Reveals The One Phrase His Wife, Who Controls Their Money, Uses To Cover Up Their Financial Mess—Does Your Partner Use It, Too?

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Husband Reveals The One Phrase His Wife, Who Controls Their Money, Uses To Cover Up Their Financial Mess—Does Your Partner Use It, Too?

Elizabeth, 36, and Jonathan, 38, have been married for 13 years and have an 8-year-old daughter. As a parent, you’d naturally want to offer your children the best you can, but that doesn’t mean you can keep funding Christmas celebrations or other purchases with money you don’t have. Elizabeth often uses buy-now-pay-later apps for household … Read more

Court approves Postmedia bid for insolvent Atlantic newspaper chain

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Court approves Postmedia bid for insolvent Atlantic newspaper chain

The Nova Scotia Supreme Court has approved Postmedia’s $1-million bid to acquire Atlantic Canada’s largest newspaper chain. Justice John Keith ruled Thursday afternoon that the proposal is “reasonable and fair,” clearing the way for the Toronto-based media company to buy the insolvent SaltWire Network Inc. and the Halifax Herald Ltd. Earlier in the day, a lawyer representing the … Read more

First-time homebuyers can now apply for a 30-year mortgage. Is that a good thing?

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First-time homebuyers can now apply for a 30-year mortgage. Is that a good thing?

The 30-year amortized mortgages announced in the 2024 federal budget are kicking in on Thursday. First-time homebuyers who are purchasing newly built homes can now qualify for a 30-year mortgage, giving them five additional years to pay off an insured mortgage. For other mortgages where default insurance is required, a 25-year amortization limit is still … Read more

Mortgage lenders face checks on automated valuation models – Daily News

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Mortgage lenders face checks on automated valuation models – Daily News

By Katanga Johnson | Bloomberg Home mortgage lenders will have to meet a new set of standards designed to ensure that their tech-fueled appraisals don’t build in flaws that might produce faulty estimates or discriminate against borrowers. The Federal Reserve and five other federal agencies announced the new demands in a final rule on Wednesday, … Read more

TikTok Exec Reveals Why She Regrets Buying a New Tesla Despite Her $400,000 Salary

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TikTok Exec Reveals Why She Regrets Buying a New Tesla Despite Her 0,000 Salary

Sora Lee, a 34-year-old who emigrated from South Korea to the United States, has achieved remarkable success over the past decade. As of 2023, she is the Global Head of Product Marketing at Bytedance-owned TikTok, earning an impressive $400,000 annually. However, despite her professional achievements, Lee tells CNBC that her financial journey is marked by … Read more

‘It Is Super Frustrating’: Accountant With $190K Yearly Salary Struggles with Debt and Budgeting

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‘It Is Super Frustrating’: Accountant With 0K Yearly Salary Struggles with Debt and Budgeting

Lifestyle creep, a common issue where increased income leads to higher spending without additional savings, has significantly impacted Preston, whose annual income has doubled to $190,000 over the past five years. Despite this, he finds himself broke by the end of each month. Preston, an accountant living in Dallas, Texas, with his wife and three … Read more

How To Boost Your Credit Score Fast: Four Secrets Banks Don’t Want You To Know

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How To Boost Your Credit Score Fast: Four Secrets Banks Don’t Want You To Know

High interest rates and elevated inflation since the US Federal Reserve’s aggressive monetary tightening campaign have translated to more missed payments and rising debt levels. Moreover, last year’s average FICO credit score declined for the first time in a decade, as outstanding credit card balances transitioning to delinquencies have continued to increase since 2022. A … Read more

WeWork to exit bankruptcy after judge approves restructuring plan

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WeWork to exit bankruptcy after judge approves restructuring plan

A U.S. bankruptcy judge on Thursday approved WeWork’s Chapter 11 bankruptcy plan, allowing the shared office space provider to eliminate $4 billion in debt and hand the company’s equity over to a group of lenders and real estate technology company Yardi Systems. Flexible workspace provider WeWork expanded at breakneck speed, opening its first location in … Read more

Canadian banking regulator says real estate, mortgages pose risk to financial systems

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Canadian banking regulator says real estate, mortgages pose risk to financial systems

Canada’s banking regulator says real estate secured lending and mortgages are among the top risks the country’s financial system is facing, as higher interest rates pressure borrowers. In its annual risk outlook, the Office of the Superintendent of Financial Institutions )OSFI) said as homeowners renew their mortgages, they could potentially face a payment shock due to … Read more

Husband, Financial Planner With Over $400K Debt, Is Confused Why His Wife Won’t Combine Finances

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Husband, Financial Planner With Over 0K Debt, Is Confused Why His Wife Won’t Combine Finances

The pandemic has caused an increase in the number of people seeking financial advice in the US. Many seek help with repaying debt, budgeting, and retirement planning due to high living costs, slow wage growth, and economic uncertainty. Interestingly, even financial advisors face money challenges. Recently, financial guru Dave Ramsey shed light on how even … Read more