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4 ways to hit your family savings goals in 2025

4 ways to hit your family savings goals in 2025

By Elizabeth Ayoola, NerdWallet

The investing information provided on this page is for educational purposes only. NerdWallet, Inc. does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments.

If you have a family, you likely have multiple savings goals — saving for your kid’s college education, putting money away for retirement and budgeting for your next family vacation.

There isn’t one cookie cutter way to approach family savings, but there are some fundamentals that can help guide your process. Finance professionals and moms share some tips that can help you get started.

Plan a money date to assess your finances

Doing a financial edition of ‘your year in review’ can be a first step to approaching family savings in 2025. Plan a money date with your partner — or a solo date — and bring your statements and account snapshots along. The goal here is to assess your finances from the preceding year so you know how to move forward in 2025. read more

TikTok asks the Supreme Court for an emergency order to block a US ban unless it’s sold

TikTok asks the Supreme Court for an emergency order to block a US ban unless it’s sold

By MARK SHERMAN

WASHINGTON (AP) — TikTok on Monday asked the Supreme Court to step in on an emergency basis to block the federal law that would ban the popular platform in the United States unless its China-based parent company agreed to sell it.

Lawyers for the company and China-based ByteDance urged the justices to step in before the law’s Jan. 19 deadline. A similar plea was expected from content creators who rely on the platform for income and some of TikTok’s more than 170 million users in the U.S.

“A modest delay in enforcing the Act will create breathing room for this Court to conduct an orderly review and the new Administration to evaluate this matter — before this vital channel for Americans to communicate with their fellow citizens and the world is closed,” lawyers for the companies told the Supreme Court.

President-elect Donald Trump, who once supported a ban but then pledged during the campaign to “save TikTok,” said his administration would take a look at the situation. read more

Trump migrant deportations could threaten states’ agricultural economies

Trump migrant deportations could threaten states’ agricultural economies

Nada Hassanein | (TNS) Stateline.org

If President-elect Donald Trump follows through on his pledge to deport millions of immigrants, it could upend the economies of states where farming and other food-related industries are crucial — and where labor shortages abound.

Federal Reserve is likely to slow its rate cuts with inflation pressures still elevated

Federal Reserve is likely to slow its rate cuts with inflation pressures still elevated

By CHRISTOPHER RUGABER

WASHINGTON (AP) — Americans hoping for lower borrowing costs for homes, credit cards and cars may be disappointed after this week’s Federal Reserve meeting. The Fed’s policymakers are likely to signal fewer interest rate cuts next year than were previously expected.

Japan’s Softbank plans to invest $100 billion in US projects over the next four years

Japan’s Softbank plans to invest $100 billion in US projects over the next four years

By COLLEEN LONG, Associated Press

PALM BEACH, Fla. (AP) — President-elect Donald Trump joined SoftBank Group CEO Masayoshi Son to announce plans by the Japanese company to invest $100 billion in U.S. projects over the next four years.

Trump announced the planned investments, which are expected to focus on artificial intelligence, at his Mar-a-Lago resort on Monday, with Son at his side, along with Howard Lutnick, head of investment bank Cantor Fitzgerald and Trump’s pick for commerce secretary.

“He’s doing this because he feels very optimistic about our country,” Trump said. The president-elect said that since his election, people have expressed interest in “coming in with tremendous amounts of money.”

The investments by SoftBank, Trump said, are “a monumental demonstration of confidence in America’s future.”

Son said he wanted to “celebrate the great victory of President Trump” and that he will “bring the world into peace again.”

“I am truly excited to make this happen,” he said. read more