Profitable Ideas: Guarding Against Tax ID Theft, The Best Money Coach for Your Kids, and More

March 7, 2025

Weekly list of curated personal finance articles from around the web.

Protect yourself from tax identity theft. Here’s how I did. (Wall Street Journal). Some protective steps you can and should take.

Do you know how much your spouse makes? Some couples are clueless. (NY Times). It’s surprising how many couples know so little about each other.

Four thoughts (Humble Dollar). Wisdom from a wonderful, long-time personal finance writer who knows his time is short.

Intersectionality and money: why financial planning is more personal than finance (Tim Maurer). There are a lot of factors that influence our views and uses of money. The better we understand them, the better we’ll be at getting on the same financial page with our spouse.

The 401(k) has become America’s rainy day fund (Wall Street Journal). The money is easy to access early, but it’s better not to do that.

Money lessons without money: the financial literacy fallacy (Anand Sanwal). This is one big reason why you’re the best money management coach for your kids. (I also know of a book that’ll help!)

Six steps to simplify your estate for your heirs (Kiplinger). Making it as simple as possible will be a great gift for your loved ones.

The hidden cost of buying what you don’t need (Becoming Minimalist). We would all be wise to consider these costs before we make certain purchases.

To weigh in on any of the above, just leave a comment below.

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