MoneyWise


From Bad to Worse

December 6, 2018

America is the wealthiest country in the world, and yet by most surveys, well over half of us live paycheck-to-paycheck with no emergency savings. And if you’re not prepared for life’s rainy days, you might get soaked. 

On this MoneyWise, Rob West and Steve Moore tell you where you could be headed if you don’t put a little something aside each payday. 

Then, they answer your questions at (800) 525-7000 and questions@moneywise.org about the following:

  • If you have old credit cards that you don’t use and want to close them, will this action damage your credit score.
  • If you're 66 and newly married, have bought a new house, are selling your old house and were planning on putting the proceeds toward the new house, should you invest the money instead?
  • If you've noticed the rates are going up, should you invest in long-term care insurance?
  • If you're about to receive $50,000, should you put it toward your mortgage invest it somewhere else?

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