money

The U.S. Mint’s 2019 Annual Report says pennies and nickels cost more to produce than they are worth. A one cent coin cost almost two cents to produce, and a five cent coin cost more than seven cents. Cash transactions are less common today and using pennies in those transactions is rare. Here are 10 truths about our penny.

There are more than 130 billion pennies in circulation right now, amounting to more than a billion dollars worth of coins. But the value of the penny has declined to the degree that it now costs more than one cent to produce the one cent coin. So is it time for the penny to be retired? NBCLX storyteller Peter Hull...

Bobby Bonilla, who retired as a baseball player in 2001, hasn’t played for the New York Mets since 1999. Yet Bonilla is among the highest-paid position players on the Mets’ payroll this year. The team paid the 57-year-old $1,193,248.20 on Wednesday — as it has each year over the past decade and will continue doing through 2035.

Steve Siebold, the co-author of “How Money Works: Stop Being a Sucker,” has tips to cope with the financial anxieties that many millennials are facing during the pandemic, and advice on the benefits of starting your own business from home.

The coronavirus pandemic could impact your wallet in a way you might not have considered. Cash has not changed hands as often — and neither have coins, leading to a shortage. Federal Reserve chairman Jerome Powell gave his two cents to Congress this week. “We’ve been aware of it. We’re working with the mint to increase supply. We’re working...

With more people using contactless payment methods during the coronavirus pandemic, there has been a shortage of coins.

No one wants to think about death. But too many Americans die without making plans to pass their wealth to their families. Personal finance expert Farnoosh Torabi explains that it’s never too soon to think about a will and life insurance.

Rent or buy: it’s a decision many millennials are pondering. A recent study shows that it’s cheaper to purchase rather than rent in the majority of the top 50 markets.

Scared of ‘adulting’ with your own money in the midst of a recession? Certified financial planner Chris Russell offers economic advice for Millennials ready to buy homes or start families in these down economic times.

If your income is taking a hit because of the coronavirus pandemic, you may have to decide which bills to pay while you weather the crisis

Two trillion dollars. That’s the amount of money in the stimulus package approved by the Senate and awaiting approval in Congress. If it passes the House, how much of it can people in Connecticut expect to get? The answer is not simple, although it’s money, experts say people are counting on. “It’s been pretty catastrophic for large segments of...

What does the new stimulus bill mean to you and how much money might you be eligible to receive?

In a world suffering a pandemic, cash is no longer king

Joe Biden barely had enough money to air television ads in critical Super Tuesday battlegrounds, but he won’t have that problem again.

Luke Frey, Associate Director of Communication for the Better Business Bureau Serving Connecticut, tested our spending and saving knowledge.

Have trouble finding an affordable hotel? Here are some tips on how to save money when booking your stay.

How do you really know your donations are going to make a difference? Here are some ways to make sure your money is going toward a good cause. 

Wondering how you can extend your food’s life span and save a little money on groceries? Here are some tips on how to organize your refrigerator to ensure longer lasting items. 

Financial Advisor Maggie Johndrow quizzed Taylor and Jimmy.

Prices at the pump are lower than this time last month, according to AAA, and they are expected to stay on a downward trend for several weeks. “Gas prices are low at this time of year because, first of all, there is less of a demand,” said Amy Parmenter, a spokesperson for AAA. According to AAA, the average price per…