Dear Penny: Can My Daughter Inherit Life Insurance if She’s Still a Minor?

I have a life insurance policy, but its only $10,000. If anything were to happen, I want to verify that only she has access to any money. I have to double-check that shes safe. If you’re sweating making it to payday, here are50 ways to bring in extra money this month. Thats 18 in most states. But oversight isnt a bad thing. That means theyd be legally obligated to put your daughters interests ahead of their own....

December 18, 2022 · 3 min · 563 words · James Robinson

Can’t Afford PS5 or the Latest Xbox? Get Your Game on With Cheaper Options

Its time to wrap up your holiday shopping. Luckily, were no strangers to the game market and have a few alternatives that may help your wallet. We even have a method for playing top-tier Xbox games without buying an Xbox console. Cloud gaming requires a fast, stable internet connection. If you are unsure of your service, check out thisguide on the best internet providers for gaming. Once logged in, youll have access to nearly every game in the Xbox Game Pass library....

December 17, 2022 · 2 min · 351 words · Kimberly Evans

The 2023 Roth IRA Limits Are Higher Than Ever. How Much Can You Save?

A Roth IRA comes with seriously sweet benefits for retirement savers. Its an individual retirement account that means you open and fund it, not your employer. Heres the best thing about it: You invest money youve already paid taxes on. Here are the Roth IRA limits it’s crucial that you know about. Roth IRA Limits for 2023 The IRS typically adjusts Roth IRA contribution and income limits every year. These are the limits for 2023....

December 16, 2022 · 2 min · 320 words · Christopher Jones

The Best Tech Gifts (Including Some Under $50) for Everyone on Your List

Its the holiday season, and what better gift is there than a new gadget? After all, why vacuum the floor when a robot can do it for you? Weve scoured the web and tested a bunch of devices throughout the year. We’ve got other great doorbell camera options that won’t break the bank. Check out our guide onthe best cheap doorbell cameras for your home. Here are some of our favorite budget gift ideas when you dont want to spend more than $50....

December 16, 2022 · 1 min · 194 words · Jessica Warren

This Traditional West African Saving Club Helped a Woman Start a Business

Saving has always been a challenge for me. While I continuously applied the pay-yourself-first principle to my finances, I struggled to stick to my budget. So when I wanted to start a cake-decorating business, I needed another way to cover my startup costs. Need a banking service that’s built for gig workers and freelancers, helping you save for taxes and keep track of your expenses?Check out Found.(It’s free!) I preferred not to take out a loan because of interest charges....

December 16, 2022 · 3 min · 446 words · Christopher Vega

Watch Out for Misleading College Financial Aid Letters, Feds Warn

In the spring, enticing financial aid letters from colleges will start arriving in high school seniors mailboxes. Unfortunately, most of them are misleading. The letters offering financial aid packages are supposed to help families who are making major financial decisions. Now that you know FAFSA is important, when is it due? Here’s everything you need to know aboutFAFSA deadlines.Don’t Miss:Get Paid $225/Month While Watching Movie Previews So, what should you do with this information?...

December 16, 2022 · 2 min · 237 words · Susan Terrell

11 Side Gigs You Can Do Entirely From Home

Find Freelance Creative Work As businesses cut costs inanticipation of a recession, many are outsourcing work to freelancers. If youve wanted to break into freelancing, the increased demand makes this a good time to do it. No Interest Til Almost 2027? Need a banking service that’s built for freelancers, helping you save for taxes and keep track of your expenses?Check out Found.(It’s free!) Be a Virtual Assistant Dont have creative experience?...

December 15, 2022 · 2 min · 325 words · Christina Hampton

Dear Penny: I Refuse to Sign My Boyfriend’s $5,000/Month Mortgage. Am I Wrong?

Real Answers for Life’s Money Challenges My boyfriends mother passed away in April 2022. In 2000, she refinanced her deceased mothers brownstone. She had her name and her two adult sons names on the deed. At some point, the house went into pre-foreclosure. She refinanced again, but this time, she had to remove her sons names from the deed. In 2022, his mom was in and out of the hospital....

December 14, 2022 · 3 min · 467 words · Dana Rodriguez

Discount War: Sam’s Club Makes Its Hot Dog Combo Even Cheaper Than Costo’s

A hot dog war. Here in America, apparently were having a big warehouse store hot dog showdown right now. Who knew this was coming? Sam’s Club slashed the cost of their hot dog combo meal from $1.50 to $1.38. Photo courtesy of Sam’s Club That buys you a hot dog and a soda. Big deal, you say? Probably not as good as youd like. It always seems like an uphill battle to build (and keep) a decent amount in savings....

December 14, 2022 · 2 min · 226 words · Daniel Brown

In a Crypto Winter Wonderland, Should You Hold or Sell Your Crypto?

Its been a rough year for cryptocurrency. Bitcoin is down nearly 65% from its 2022 peak in early January. Major exchanges are filing for bankruptcy. Need a refresher on how crypto works? Check out our guide onhow to invest in cryptocurrency for beginners. Calls for regulation are mounting. The so-called crypto winter is starting to feel more like a crypto apocalypse. It can be difficult to know when to cut your losses as an investor....

December 14, 2022 · 4 min · 776 words · Alicia Juarez

38 Affordable Experience Gifts for Everyone on Your List

DIY Spa Treatment Recreate a spa day experience at home using ingredients you already have on hand. Make a moisturizingface maskwith yogurt, honey or oatmeal. Or create a sugar scrub to exfoliate the feet. Getty Images Really sell theDIY spa experienceby lighting candles, putting on some calming music and serving cucumber water. Cook a Gourmet Meal Take the burden of cooking dinner off your loved ones plate for the day....

December 13, 2022 · 4 min · 838 words · Ryan Moore

6 Ways to Fight the Growing Trend of Shrinkflation

If youve had a sneaking suspicion that things you buy are getting smaller, you may be right. Whats going on at our grocery stores? Then all of a sudden, it became one-point-something ounces for the same price. Chris Zuppa/The Penny Hoarder No Interest Til Almost 2027? Balance Transfer = Credit Card Cheat Code Shrinkflation can be so subtle that you dont notice it. 6 Ways to Beat Shrinkflation Beating shrinkflation starts by simply being a savvy shopper....

December 13, 2022 · 3 min · 460 words · Edward Smith

A Side Gig for Music Lovers: Get Paid to Review New Songs

Do you spend hours painstakingly curating the perfect Spotify playlist? We have the perfect side gig for you! Playlist Push pays music lovers to give new songs a shot. They send over a track, and you listen. If youre a TikToker, you make a video featuring the track. Then, you get paid! So why isnt everyone getting paid to listen to music? Heres the catch: the eligibility requirements for this lucrative side hustle are pretty strict....

December 13, 2022 · 3 min · 439 words · Tiffany Perkins