|
Rita R. Robison Newsletter
This is the 300th issue of Helpful Money Tips for You. It’s so much fun to research and write it and get comments such as “My wife and I both read it every week,” and “I always find at least one item that’s useful.” Please consider sending me a donation, if you can, to help with this work at https://tinyurl.com/makeyourmoneywork or at the address below. Thank you.
Now for this week’s financial tips:
1. Check out this advice from 15 tax professionals on what you should do if you haven’t filed your income taxes yet including file even if you can’t pay, don’t panic but don’t procrastinate either, work with a tax professional, use last year’s taxes as a guide to help you quickly gather documents, and get organized – quickly.
2. Make these eight money moves now if you’re worried about a recession including don’t panic about your investments. If you yank your money out of the market when it’s low, it’s unlikely that you’ll be able to jump back in at the “right” moment.
3. Respond to the new tariffs by making that big purchase if you were already planning on it and saving money to help with the unknowns of a possible economic downturn and recession.
4. Check out what parents can do now about the higher prices expected for baby gear due to tariffs.
5. Consider these alternatives for coloring Easter eggs due to the high price of eggs such as dying jumbo marshmallows, painting small potatoes, and decorating plastic eggs. Wooden eggs, which dye well, are also a possibility, but they’re more expensive than eggs. However, they can be used for many years.
6. Take a look at these tips for dealing with credit card debt as many Americans expect to have more of it by the end of the year.
7. Check out these 10 in-demand remote side hustles, such as bookkeeper and translator, and where to find them.
8. Take a look at these suggestions on where to sell clothes and make money including Madewell, Marine Layer, and Thredup.
9. Consider avoiding doing business with these financial institutions that make the most money on overdraft fees. The list is topped by Chase, Wells Fargo Bank, Navy Federal Credit Union, Truist Bank, PNC Bank, U.S. Bank, TD Bank, and Bank of America.
10. Watch out for an increasing number of scammers contacting you as the Trump administration and Congress undo consumer protections and dismantle federal regulators. An example, on Wednesday, I received a call from a woman who said she was from Medicare, and she wanted to know if I’d received my new Medicare card. She told me to go get my Medicare card and read her the number.
Thanks for subscribing to my newsletter. Tell your friends and co-workers about it so they can make savvy money choices, too. Here’s the sign up: https://tinyurl.com/makeyourmoneywork. And, for a big bonus, they’ll also get my free e-book on how to optimize their personal finance decisions.
April 10, 2025
|
You can follow this conversation by subscribing to the comment feed for this post.
These are excellent resources!
Posted by: carol | April 27, 2025 at 02:35 PM
All good tips, Rita. Especially with these tariffs, I agree it's better to buy things now than in the future. Who knows what will happen?
Posted by: Laurie Stone | April 28, 2025 at 07:26 AM
Thanks. Yes, I've been advising people to make big purchases, if they've been planning on them and if it fits into their budgeting, since the election. The fact that tariffs will be passed on to consumers has been well known and now most economists are predicting it. The unknown thing now is a recession -- if, when, and for how long.
Posted by: Rita | April 28, 2025 at 11:26 AM