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Pandemic job loss sank me deep into debt: money advice

Dear Pay Dirt, I had a lucrative job for two years leading up to the pandemic about $120,000 a year and got laid off right at the beginning of lockdowns. As everyone froze up hiring, I ended up on unemployment until January of this year, when I found a job in my field, but at a salary of $60,000. Advertisement Unemployment provided peanuts compared to what I was making, and all of my emergency savings were eaten up just to pay the bills. I had to put quite a lot of bills on credit cards. I made all the steps to cut back on everything. I even moved out of my apartment into something much lower rent. Having had a job again has been critical, but I don’t see how I can get out of the debt I’m in. I have approximately $40,000 in credit card debt, live in a high-cost area, and am barely scraping by paycheck to paycheck. I am depressed, embarrassed, and unsure of what to do next. I have never been in a situation like this before I’ve always been good with my finances and living wit

PODCAST: Having the Money Talk with Your Parents, with Cameron Huddleston

Subscribe FREE wherever you listen: David Muhlbaum: Having to manage your parents’ finances can be a difficult situation. Doing so if you haven’t laid down a plan for how to do it is worse. Cameron Huddleston, a Kiplinger alumna and author of a book on having those conversations, is here with help. Also, how to squeeze every last dollar out of the Recovery Rebate Credit.  David Muhlbaum: Welcome to Your Money’s Worth. I’m senior online editor David Muhlbaum joined by my cohost, senior editor Sandy Block. Sandy, how are you doing? Sandy Block: I’m doing great, David.

Meeting the growing need for financial caregiving

Meeting the growing need for financial caregiving A new tool tracks spending and sends alerts about unpaid bills and potential elder fraud, helping families to organize and protect the daily finances of an aging loved one. May 5, 2021 4 MINS May is Older Americans Month. To put that in perspective, when President John F. Kennedy established Older Americans Month in 1963, only 17 million Americans had reached their 65th birthday. Today, more than 49 million Americans are 65 or older. And by 2034, America will reach a new milestone: Older adults will total an estimated 77 million, outnumbering children under age 18 for the first time in the nation’s history.

What Are Altcoins — and Are the Potential Rewards Worth the Risks?

What Are Altcoins — and Are the Potential Rewards Worth the Risks?
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