Thursday, December 26, 2024

A home for the holidays

Also: Check those iPhone settings ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌  ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ ͏‌ 
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The Daily Money

ALL THE MONEY NEWS YOU NEED TO KNOW

Thu Dec 26 2024

 

Daniel de Visé Personal Finance Reporter

Good morning! It's Daniel de Visé with your Daily Money.

The devastating tornadoes that swept through Rolling Fork, Mississippi, in March 2023 were a double whammy for Andrea Williams, who was looking forward to celebrating her birthday that day.

Williams' home was destroyed, Andrea Riquier reports. She assumed all was lost.

But 18 months later, just a few days before Christmas, Williams' story took an extraordinary twist.

Check the setting on that iPhone gift

If your child received an iPhone as a holiday gift, Felecia Wellington Radel reports, take some time to check the settings.

The battle between parents and tech-savvy children over access to the Internet and apps might seem hopeless. Yet, apparently, there are still ways for parents to set guardrails before handing over the keys to the online kingdom. Here are some tips.

'Forever' documents: When can you toss them?

As you ransacked your basement in search of holiday decorations, perhaps you came upon boxes of documents from the last millennium. And then, you probably asked yourself: "Couldn't I just throw these out?" 

Companies and governments often have document retention policies. Most people do not. Common wisdom suggests we keep important papers for seven years, for reasons that, we vaguely recall, have something to do with taxes. For those of us with paper records dating to the Clinton Administration, that would seem to mean you can throw them away.  

📰 More stories you shouldn't miss 📰

A Santa Claus rally on Wall Street
What is a 1098-E?
'Stressed' Amazon driver leaves boxes in the woods
All about Social Security spousal benefits. . .
. . . And the average benefit check at different ages

About The Daily Money

Each weekday, The Daily Money  delivers the best consumer and financial news from USA TODAY, breaking down complex events, providing the TLDR version, and explaining how everything from Fed rate changes to bankruptcies impacts you.

Daniel de Visé covers personal finance for USA Today.

Pam Chatman, center, celebrates with several Rolling Fork survivors who became homeowners

Mobile homes donated by FEMA in the wake of a devastating tornado have been purchased for survivors, turning poor renters into proud homeowners.

More children are using smartphones and smartwatches. Here are settings parents should check and tips to consider.
 

Read this if you got your child an iPhone for the holidays

Here is what experts recommend parents do when it comes to children and smartphones and the parental settings that are available.

Waiting on a 2020 tax return to be processed? If your tax returns from 2020 still has not been processed, the IRS said you should still file your 2021 tax returns by the April due date or request an extension to file.
 

'Forever' documents: The records you should never throw out

You may think the pre-millennial paper documents in your basement should go to the shredder. You might be wrong.

What you need to know about loan forgiveness and the student loan pause
 

Get to know tax forms: Here's what a 1098-E and 1098-T are

At least two forms deal with student loans and tuition, financial obligations that can be costly and overwhelming. Here's how they work.

Two smiling people looking at a laptop.
 

4 things all retired couples should know about spousal benefits

If you wait to claim spousal benefits until your full retirement age, you can receive up to half the amount of your spouse's benefit.

WASHINGTON, DC - OCTOBER 14: In this photo illustration, a Social Security card sits alongside checks from the U.S. Treasury on October 14, 2021 in Washington, DC. The Social Security Administration announced recipients will receive an annual cost of living adjustment of 5.9%, the largest increase since 1982. The larger increase is aimed at helping to offset rising inflation. (Photo illustration by Kevin Dietsch/Getty Images)
 

What is the average Social Security check for seniors at various ages?

Here's a look at the average Social Security benefit for seniors based on age and gender

FILE PHOTO: A Wall Street sign hangs in front of a U.S. Flag outside the New York Stock Exchange (NYSE) before the Federal Reserve announcement in New York City, U.S., September 18, 2024.
 

Stocks surge on eve of holiday

Wall Street's main indexes closed higher on Tuesday, with gains in growth stocks boosting benchmarks in a truncated Christmas Eve session.

Three totes full of undelivered packages from Amazon.com were discovered in the woods in Middleboro early Sunday morning Dec. 22, 2024, according to Lakeville police.
 

'Stressed' Amazon driver leaves 80 boxes in woods before Christmas

A "stressed" driver for Amazon admitted to ditching about 80 packages undelivered in the woods just days before Christmas, Massachusetts police said.

Walker Dunn poses for a portrait at his home in San Antonio, Tx. on Nov. 19, 2023.
 

These 6 Americans ended 2023 with credit card debt. How did 2024 go?

Late last year, USA TODAY reached out to Americans who were struggling with credit card debt. Here's how they're doing at the end of 2024.

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