Your weekly money scoop: August 12, 2016

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Your weekly money scoop: August 12, 2016


We're serving you our weekly bite-sized roundup of the stories you need to know.

This week, learn about a family that's winning at their finances, the states that give you the most value for your money and which U.S. city is the first to have a median home price of over $1 million (yikes).

These parents are sending their 13 children to college -- and they're debt free. No, this isn't a joke. Their philosophy? Spend on what makes you happy, and pick and choose carefully. Perhaps we could all learn a thing or two from this frugal family. Did I mention they also have plans for an early retirement?

Not all dollars are made equal. The absolute value of $100 is $100. But the real value of $100 may differ from state to state. Why? Prices for the same goods may be cheaper (or more expensive) in some states than others. So what $100 gets you in Ohio isn't the same as what it gets you in California. Mississippi, here we come...

Nothing in life is certain, except for taxes -- and a Clinton-Trump face-off. Curious where the two presidential candidates differ when it comes to tax policy, and how their views could impact you? Familiarize yourself with the basics of the Trump and Clinton tax plans.

Saving doesn't have to cost you. You might be making some simple but common saving mistakes that you can easily fix -- without necessarily feeling the pinch. Learn about three common saving mistakes and how you can turn them around.

It's official: One U.S. city now has a median house price of over $1 million. This is the first time in American history that the National Association of Realtors®, which recently conducted its latest quarterly report on national housing prices, has registered a median price this high. Bet you're curious to find out which lucky city can claim this title...

And that's the scoop this week -- see you next week for more.

About the Author: Mika Bhatia is a Staff Writer for Credit Karma. She's worked in financial services and tech, and has now found the perfect union of the two at Credit Karma. When she's not busy coming up with credit-related analogies, she's most likely supporting the Warriors, enjoying a fine cup of British tea or doing yoga (goal: completing a headstand without toppling over).

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