Key takeaways Only 46% of U.S. adults have enough emergency savings to cover three months of expenses, making saving money more crucial than ever. Automatic transfers to a high-yield savings account earning around 4% APY can help build emergency funds without extra effort. Cash-back apps and comparison shopping can save…
By Julie Jaggernath If you’ve been spending your time shoveling snow recently, try using it as a chance to think about what money management tips you can learn from the winter weather that has hit many parts of Canada and the USA. While it’s easy to grumble about the inconvenience…
Getty Images/Greg Hinsdale You hear a lot these days about tapping home equity – borrowing against the worth of your home – for cash. Home equity loans and home equity lines of credit (HELOC) have become popular ways for homeowners to access their available equity to pay for expenses like…
If the IRS notifies you of an audit, and you expected a tax return, you probably have a lot of questions. Will you ever get your tax refund? Does the audit automatically stop it? The answer depends on the IRS’s review and whether the items under audit affect the refund…
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The nation’s 75 million Social Security recipients will receive a 2.8% cost of living adjustment (COLA) increase in their benefits…
Historically Black colleges and universities are on the frontlines of the One Big Beautiful Bill Act’s new limits on parent…
The big new fees JPMorgan Chase is planning to charge some financial technology companies may well trickle down to consumers,…
With artificial intelligence beginning to eat away at many white-collar entry-level jobs, and the unemployment rate for recent college graduates…
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Money is an uncomfortable topic for many, yet it’s an important ongoing conversation to have in a relationship. Financial secrets undermine trust. And for many, it may even feel like betrayal. More than 2 in 5 U.S. adults (43%) believe keeping financial secrets is at…
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2. Coaching and Tutoring Take stock of your areas of expertise – maybe you speak a second language or solving math equations comes…
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These entrepreneurs, traders and investors are making an outsized impact in fintech, crypto and traditional financial services.By Jeff Kauflin, Hank Tucker and Nina…
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PhotoAlto/Frederic Cirou/Getty Images Key takeaways A secured credit card is a type of credit card that requires a cash deposit as collateral. This deposit amount is usually equal to the credit limit you’ll receive. Most credit cards are unsecured credit cards, which means you won’t have to put down a…
Key takeaways Ethereum is a cryptocurrency and decentralized platform that can be the basis for smart contracts and other apps. Ethereum runs on a proof-of-stake system, making it more energy efficient than Bitcoin’s proof-of-work system. Investing in Ethereum is speculative and driven by market sentiment. Ethereum is among the most…
Key takeaways American Express’s The Hotel Collection offers exclusive benefits for eligible cardholders at over 1,000 participating hotels worldwide when booking a stay of two nights or more through Amex Travel. These benefits include early check-in and late check-out when available, room upgrades when available, a $100 credit toward eligible…
Images by Getty Images; Illustration by Issiah Davis/Bankrate Key takeaways Cash-out auto refinancing lets you borrow money by swapping your car loan out for a larger loan, typically with different terms. The amount you can access depends on your vehicle’s value, your credit history and the lender. Be sure to…
Key Takeaways Reduce high-interest credit card debt to improve credit and cash flow Build an emergency fund to handle unexpected costs without new debt Improve and monitor your credit score for better loan terms Save for a down payment and closing costs (and explore assistance programs) Keep your financial profile…
If you were to invest $10,000 in a good stock and get a 20 percent return, you’d make $2,000. But what if you could have borrowed another $10,000 to buy more stock and doubled your profits? When investors borrow money, or buy on margin, they’re going for these types of…
Key takeaways It may be difficult to obtain a new loan after you enter a debt management plan, especially if you have recently started the plan. Many creditors report the details of a debt management plan to credit bureaus, which may impact your ability to qualify for a loan. Because…
Key takeaways Early withdrawal fees on CDs usually cost between 90 and 365 days of interest. Generally, the longer the CD term, the higher the penalty. If you need funds right away to cover a large, unexpected expense, it might be worth liquidating your CD early. Strategies such as CD…
Image by GettyImages; Illustration by Bankrate Key takeaways Before paying a debt in collections, verify that it’s both legitimate and collectible to avoid scams or zombie debt. The Fair Debt Collection Practices Act (FDCPA) helps protect you from harassment and abuse by debt collectors. Negotiating a payment or settlement plan,…
kate_sept2004/GettyImages; Illustration by Hunter Newton/Bankrate Key takeaways When you assume a mortgage, you take over payment for a loan at its existing interest rate and terms. Most government-backed loans, such as FHA or VA loans, are assumable. Most conventional mortgages aren’t. An assumable mortgage can offer a better interest rate…
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