How to Money Friday Flight - Bad RAPs, Price Match Murder, & Premium Points Credit Cards #1020
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Aug 8, 2025 This week’s financial roundup dives into fascinating topics like the surprising longevity of purchasing power and the effects of new tax laws like the One Big Beautiful Bill Act. The discussion touches on the impact of soaring prices at the movies, from $80 popcorn buckets to Target's price match changes. Listeners are cautioned against following questionable student loan advice on TikTok and are urged to reassess their strategies for premium credit cards. It’s a mix of nostalgia, humor, and essential financial wisdom to kick off your weekend!
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Key Tax Changes in New Bill
- The One Big Beautiful Bill Act extended tax cuts but only temporarily.
- Raises SALT deductions from $10,000 to $40,000 benefit high tax states but are politically contentious.
Avoid New Car Loan Temptations
- Don't let the new car loan interest deduction lure you into taking costly car loans.
- Carefully check income and car eligibility before considering this tax break.
Act Quickly on EV and Home Credits
- EV tax credits expire end of September, raising EV prices and reducing incentives.
- Act quickly on energy-efficient home repair credits before they end this year.