Core Insights - The article discusses the financial struggles of a 27-year-old retail manager, Presley, who cashed out her $60,000 401(k) to pay off debt and indulge in personal expenses, ultimately leading to significant financial loss [1][2]. Financial Behavior - Presley earns approximately $67,000 annually, translating to about $4,300 monthly after taxes, yet her spending habits exceed her income [2]. - She spends between $5,000 and $7,000 each month, with minimum debt payments exceeding $2,000 monthly [5]. Debt Situation - After cashing out her retirement fund, Presley accumulated over $70,000 in debt, including more than $20,000 in high-interest credit card debt, a $31,000 car loan, and about $8,600 in student loans [3][4]. - Despite multiple debt consolidations, she continues to find herself in a similar financial position [3]. Spending Justifications - Presley attributes her spending to stress and convenience, often justifying her emotional spending as "deserved" rewards [4]. - She has sold $7,000 in stocks to cover bills and attend concerts, indicating a pattern of using investments to fund lifestyle choices [4].

EARNINGS RESULTS 3 rd QUARTER 2025 November 7 TH, 2025 1 PROFITABILITY EVOLUTION: MARGIN IMPROVEMENT AND EXPENSE CONTROL Strong cash generation results in the lowest leverage level since 2021 B2C: Stable sales and behavior • Attractiveness of the model • Stable Flow • Maintaining the trade down level B2B: Volume reduction • Flow maintenance • Average ticket price drop • Market Performance | Supermarkets(1) that serve: o Classes C, D, and E ( -8.3%) • Same -store sales in the four -month period (July 2025 to ...

Core Insights - A significant portion of Gen Z workers (46%) have accessed their retirement accounts, which is notably higher than the 31% of millennials who have done so, indicating a concerning trend among younger workers [1][2] - The financial implications of withdrawing retirement funds early are severe, as it not only incurs tax penalties but also diminishes the potential for compound growth over time [2][5] Reasons for Withdrawal - The primary reason for accessing retirement funds among all workers is to cover emergency expenses (37%), followed by housing-related costs (19%) [3] - A notable 42% of Gen Z workers have withdrawn retirement savings specifically to pay off debts, a stark contrast to only 6% of millennials, highlighting the unique financial pressures faced by this generation [4] Financial Health of Gen Z - Approximately one-third of Gen Z individuals feel financially "underwater," indicating a significant level of financial distress within this demographic [5] - Financial advisors recommend strategies such as transferring credit card debt to 0% promotional rate cards to alleviate immediate financial burdens while still contributing to an emergency fund [6]

This story was originally published on CFO Dive. To receive daily news and insights, subscribe to our free daily CFO Dive newsletter. Bread Financial CFO Perry Beberman says the company’s Q3 results are “a validation that we have largely fixed our balance sheet, and now we’re just in that last stage of some optimization opportunities.” That includes retaining a focus on responsible, profitable growth, and targeting expansion into new verticals, such as home furnishings. During the third quarter, the Colu ...

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Financial decisions often become intertwined with mental health, and for one 24-year-old worker, the stress of overwhelming debt led to the consideration of cashing out a $13,000 401(k) to eliminate $10,000 in credit card debt. Having recently quit a job because of mental health issues, the worker was facing a financial hold so deep — with maxed-out credit cards and a credit score in the 500s — that the ea ...

There’s no shortage of Dave Ramsey fans out there looking to build their own fortune, even up to a fraction of his $200 million net worth. Many have found the money guru’s methods to be helpful in their financial trajectory, but this doesn’t necessarily mean his advice will work for you. Be Aware: Warren Buffett: 10 Things Poor People Waste Money On For You: These Cars May Seem Expensive, but They Rarely Need Repairs “His methods, which he promotes as a universal approach to personal finance, often fail t ...

While baby boomers should be entering retirement or imminently poised to, as many as 30% of them are considering delaying retirement due to financial concerns. Learn More: You’ll Run Out of Money in 20 Years’ — Why Retirees Are Rethinking Their Savings Strategy Read Next: Boomers Are Facing a New Retirement Problem -- Here's How To Deal With It Certified financial planners explained the key money pressures that are forcing boomers to stave off retiring and offered some solutions. Inflated Expenses Risin ...

Paying off credit card debt doesn’t have to require enormous payments. You can do it with $75 per week if you find the right strategy for your situation. https://t.co/tjFfXYB4OQ ...

Financial Ratios & Analysis - Financial ratios standardize metrics from financial statements to assess business quality and compare company performance to its history and competitors [1][2] - Four key components of a business to focus on are financial strength, profitability, growth, and value [2][3] Financial Strength - Assessing financial strength involves examining debt management through leverage ratios and liquidity levels using ratios like quick or current ratio [4][5] - Guru Focus's stock summary page provides financial strength metrics for comparison against company history and industry competitors [5] Profitability - Profitability is assessed through margins (gross, operating, and net) and returns (return on assets, return on equity, and return on invested capital) [5][6][7] - Guru Focus's stock summary page provides profitability metrics [7] Growth & Valuation - Growth is evaluated by looking at historical and projected future growth rates [7][8] - Valuation involves comparing stock price to underlying business aspects using tools like price-to-earnings, price-to-sales, and price-to-book ratios, as well as GF Value [8][9] Investment Considerations - Investors should understand the difference between an underpriced stock and a stock that's cheap for a good reason [10]

Most likely, you grew up hearing some old wives’ tales, like cracking your knuckles causes arthritis, or if you cross your eyes, they’ll stay that way forever. Fortunately, as you aged, you realized that these old myths were, well, just myths. But old wives’ tales touch on every area of life — including personal finance and savings — and if you believe the wrong ones, they can haunt you into adulthood. For You: 5 Ways ‘Loud Budgeting’ Can Make You Richer, According to Vivian Tu Learn About: 3 Advanced Inve ...