The whole student loan situation over the last three-and-a-half years has been a dumpster fire (to say the least). From payment pauses to failed forgiveness, borrowers have had to deal with so much back and forth from the government, they could probably sue for whiplash. Now that borrowers are finally…
Personal finance fact: Your money loses purchasing power over time, especially if it’s in a savings account that isn’t earning interest. But there’s good news for savers: Since March 2023, the top savings yield is outpacing inflation, according to Bankrate data. The current savings rate environment features many top savings…
Key takeaways A home equity loan allows you to borrow a lump sum against your home’s equity, usually at a fixed interest rate that’s lower than other forms of consumer debt. The amount you can borrow with a home equity loan is based on the current market value of your…
When Cedric Nash was 26, he received a $10,000 inheritance from his grandmother. He quickly opened up his first brokerage account and invested the money. “From my mindset, there was no way in the world I could take this woman’s hard-earned money and squander it,” says Nash. That transfer of…
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High-yield savings accounts are becoming a more popular way to save money. This is mainly due to their increasing interest…
The steps required to build credit and achieve a good score are relatively easy to follow. Essentially, you need a…
I recently received a question after one of my workshops from a woman who was wondering if she made a…
The investment landscape is perpetually fraught with risks in an era marked by economic fluctuations, geopolitical tensions, and unexpected global…
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Christmas is one of the best times of the year. And if you have kids, you know the joy of seeing their faces light up when they realize Santa squeezed himself down the chimney, dropped off a roomful of presents, and ate all the cookies…
Dept Managmnt
Key takeaways Debt forgiveness is a process where a creditor pardons a debtor from part or all of their outstanding debt. Various types…
Banking
San Francisco’s Anchorage Digital Bank, N.A., a federally chartered crypto bank, primarily focused on trust and custodial services, is launching Atlas, a global…
Credit Cards
MoMo Productions/Getty Images Key takeaways Credit card payments made over the phone or internet are classified as “card- not-present” (CNP) payments. CNP payments…
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In case you haven’t heard, the Mint budgeting app is shutting down. And their users are being asked to move to . . . Credit Karma. But if you’re a Mint user who thinks you’ll be able to keep budgeting the same way, you’re going to be pretty disappointed. Because,…
You have money questions. Bankrate has answers. Our experts have been helping you master your money for over four decades. We continually strive to provide consumers with the expert advice and tools needed to succeed throughout life’s financial journey. Bankrate follows a strict editorial policy, so you can trust that…
If you’re getting started investing, you might wonder whether it’s better to invest in stocks or ETFs. Well, the answer depends. Stocks can be a great investment in some circumstances, while ETFs can be better in others. But for new investors, exchange-traded funds solve many problems, and they’re an easy…
Key takeaways Set up an automated payment if it’s offered by the lender to keep on top of your loan and potentially get a discount. Consider consolidating multiple streams of debt into one to lower costs, pay it off faster or both. Look into refinancing if you can get a…
Key takeaways Refinancing a loan involves getting a new loan to pay off an old debt If you have multiple loans, you can either refinance them individually or consolidate them into a single loan The two main reasons to refinance a business loan are to lower payments or interest rate…
A conduit IRA is a strategic financial instrument that provides a bridge for individuals transitioning between jobs, freelance work, or other employment changes. This specialized investment account allows for the transfer of funds from qualified retirement plans, such as 401(k)s and 403(b)s, safeguarding individuals from potential tax repercussions associated with…
Credit Sesame discusses credit report inaccuracies and what happens when you dispute something on your credit reports. You may be surprised at the number of people who have checked their credit reports and found inaccurate information. Finding a mistake on one or more of your reports can be frustrating, but…
Markets expect interest rates to be held steady at the Federal Open Market Committee’s next decision on May 1. Inflation data for early 2024 has sparked concern that the transition to an annual 2% inflation rate may take longer than previously anticipated. The market will be watching for clues on…
Eight years ago, tongues were wagging after the International Consortium of Investigative Journalists (ICIJ) and its media partners made public millions of files exposing the financial secrets of the über wealthy. The files, which came to be known as the Panama Papers, included assets that were allegedly stashed in offshore…
Hey Mint users. We know you’re in the market for a new budgeting app. And we know there are plenty of options out there—so how do you pick? Let’s talk through a comparison of Mint vs. EveryDollar. What Is Mint? Mint was one of the most popular budgeting apps…
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