ELYM Money
Young-adult money news: debt, first paychecks, side income, scams.
Americans Reported Losing $2.1 Billion to Social Media Scams — Here’s Where the Money Went
You see an advertisement on Facebook offering a designer handbag at an unbelievable discount, or perhaps someone you’ve never met sends you a friendly message about an investment opportunity. Everything looks legitimate, from the professional photographs to the enthusiastic customer reviews. But behind some of those posts are criminals who hav
Mortgage Rates Are Above 7% — What a $300,000 Loan Could Cost You Now
Buying a $300,000 home loan might sound manageable until you calculate what today’s mortgage rates could mean for your monthly budget. With borrowing costs remaining above 7%, homebuyers are discovering that the interest rate can dramatically change what they actually pay for a house. According to Freddie Mac’s Primary Mortgage Market Survey,
7 Things Homebuyers Regret Not Checking Before Closing on a House
You’ve finally found your dream home, your mortgage has been approved, and closing day is just around the corner. Everything seems perfect until you move in and discover the basement floods during heavy rain, the property taxes are about to increase, or the homeowners association has rules you never knew existed. Suddenly, that exciting purcha
Your HOA Announces a $10,000 Special Assessment — What Are Your Options?
Imagine opening your mailbox and finding a letter from your homeowners association announcing that every homeowner owes an additional $10,000. It’s not your regular monthly HOA fee, and it’s not something you planned for when you bought your home. The money is needed for major repairs, and the association expects payment within the next few mo
37% of Americans Couldn’t Cover a $400 Emergency With Cash — What the Federal Reserve Found
Your car suddenly needs a $400 repair, your refrigerator stops working, or an unexpected medical bill arrives in the mail. For some Americans, it’s an inconvenience that can be handled with savings. For millions of others, that same expense could mean reaching for a credit card, borrowing money, or putting off another bill. New findings from t
Your Parents Leave the Family Business to One Sibling — What Happens to Everyone Else?
Imagine spending your childhood helping out at your parents’ restaurant, hardware store, or family farm, only to discover that your brother or sister will inherit the entire business. Maybe that sibling worked there for decades, or perhaps your parents simply believed they were the best person to take over. Either way, the decision can create
Your House Is Worth $400,000 — But How Much Would You Actually Keep if You Sold It?
Imagine checking your home’s estimated value online and discovering it’s worth $400,000. If you purchased the property years ago for $220,000, that number might make you feel like you’re sitting on a small fortune. But there’s an important question homeowners often overlook: How much of that $400,000 would actually end up in your bank account?
Your New House Has an Abandoned Safe — Can You Open It?
Imagine moving into your new home, pulling back an old piece of furniture, and discovering a locked safe built into the wall. The previous owners never mentioned it, there’s no combination, and you have absolutely no idea what’s inside. Could it contain old documents, family jewelry, or even a forgotten stash of cash? It’s the kind of discover