The Latest Breaking News from Everybody Loves Your Money

5 Things That Can Go Wrong When Family Members Buy a House Together

Buying a house with a family member can sound like a brilliant financial shortcut. Maybe a parent wants to help an adult child buy a first home, siblings want to share a larger property, or relatives want to pool their money so everyone can afford a place that would otherwise…

Everybody Loves Your Money · Aug 24

Federal Reserve Bars Two Former Bank Employees Over Misappropriation of Customer Funds

The Federal Reserve Board has barred two former bank employees from participating in the banking industry following findings involving the misappropriation of customer funds.

Everybody Loves Your Money · Aug 24

Your Emergency Fund Is $20,000 — Is That Too Much Cash to Keep Sitting in the Bank?

A $20,000 emergency fund sounds wonderfully responsible until a little voice asks whether that money should do more. Cash provides a financial shock absorber, but an oversized cushion can also leave money parked in an account when some of it could serve another goal.

Everybody Loves Your Money · Aug 23

The Mortgage Is $2,000 — So Why Does This House Really Cost $3,200 a Month?

A house with a $2,000 mortgage payment can somehow cost $3,200 a month, and no, the math has not gone rogue. The $2,000 figure often represents only principal and interest, while the actual monthly cost of owning the home can include property taxes, homeowners insurance, mortgage insurance, HOA dues, and…

Everybody Loves Your Money · Aug 22

Your Mortgage Payment Went Up — Even Though You Have a Fixed Rate. Here’s Why

A fixed-rate mortgage is supposed to deliver one beautiful little promise: stability. So when the mortgage payment suddenly climbs, it can feel like the lender quietly changed the rules while nobody was looking. The good news is that a higher payment does not necessarily mean the interest rate on the…

Everybody Loves Your Money · Aug 21

Your Neighbor Sold for $50,000 More — That Doesn’t Mean Your House Is Worth the Same

Your neighbor sold the house down the street for $50,000 more than expected, and suddenly the calculator comes out. Maybe the kitchen looks similar, the yards are roughly the same size, and both houses sit on the same street, so it feels natural to think your home just received a…

Everybody Loves Your Money · Aug 21

The First Year of Homeownership Can Cost More Than Buyers Expect: 8 Expenses That Hit After Closing

Buying a home can make closing day feel like the finish line, but financially, it often marks the starting gun. The down payment, closing costs, and moving expenses can drain a savings account quickly, and then the house starts introducing a whole new collection of bills.

Everybody Loves Your Money · Aug 21

You Inherited a House — 8 Money Decisions You May Have to Make Faster Than Expected

Inheriting a house can feel like receiving a very valuable gift wrapped in a very large box labeled “complicated.” Before deciding whether to move in, sell it, rent it, or let the family argue over the dining-room table, several money decisions deserve attention.

Everybody Loves Your Money · Aug 21

6 Home Inventory Details Insurers May Ask For After a Loss

When a fire, severe storm, theft, or other covered event damages a home, an insurance company may ask for surprisingly specific details about the things inside it. That is where a home inventory can go from boring household paperwork to one of the most useful documents in the house.

Everybody Loves Your Money · Aug 20

7 Things Homeowners Should Check Before Their Property Tax Bill Arrives

Property tax bills have a sneaky talent: They can turn an ordinary piece of mail into a full-blown financial jump scare. Before that bill lands, homeowners can take a few simple steps to check the property’s assessment, confirm available tax breaks, and spot mistakes before they become expensive problems.

Everybody Loves Your Money · Aug 20