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…
Jose Luis Pelaez Inc/Getty Images Key takeaways Short-term loans provide financing with a brief repayment period and often require collateral to obtain. These loans are generally capped at $2,000 and are often used by borrowers who are strapped for cash or who have a low credit score. Loan funds are…
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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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Sixty percent of Americans under age 65 — that’s about 164.7 million people — receive their health insurance through their employer, according to a Kaiser Family Foundation analysis. That means losing a job can feel like a one-two punch: the loss of both income and…
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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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Nicola Katie/ Getty Images; Illustration by Austin Courregé/Bankrate As of July 2025, Capital One announced the new Capital One SavorOne Rewards Credit Card*, not to be confused with the new Capital One Savor Cash Rewards Credit Card, which previously had the same name. Key takeaways As of August 2025, Capital…
Key takeaways Using a personal loan to pay off credit card debt can save money on interest and simplify monthly payments. Keep in mind that personal loans are still a form of debt, so it’s important not to rack up more credit card debt while paying off your personal loan.…
Private insurance companies typically review and update risk ratings for home and auto policyholders at least annually. When the Federal Emergency Management Agency (FEMA) implemented its first change to flood insurance risk rating in over half a century, it sparked a controversy. The new system for setting rates for properties…
Key takeaways Personal loans give you a predictable payment and can be funded quickly. They can help your credit score if used instead of credit cards. May keep you from depleting savings accounts or altering long-term savings goals. Average personal loan rates are more than 7 percentage points lower than…
An Employee Stock Ownership Plan (ESOP) gives employees an ownership stake in the company. It does this at no direct cost by allocating shares of company stock to their retirement accounts. In contrast, a 401(k) allows employees to save and invest a portion of their paycheck. These plans often offer…
Key takeaways A 5/1 ARM loan provides an initial fixed-rate period of five years, after which the interest rate adjusts yearly depending on current market rates. ARM loans have rate caps, a ceiling for how high your interest rate can go once the introductory fixed-rate period ends. A 5/1 ARM…
Image by Getty Images; Illustration by Bankrate Key takeaways Companies needing quick cash to cover an expense or take advantage of an opportunity should consider fast business loans. Fast business loans can be approved in as little as 24 hours. Fast business loans may not have the best terms and…
Burial insurance is a type of whole life insurance policy that can be used to cover your burial and other funeral costs. Usually, You can purchase one of these policies once you turn 50. A burial insurance plan can help your family afford your funeral service and other associated costs. …
Key takeaways A customized budget template helps you make better business decisions. You can use free spreadsheet tools or paid accounting software to create your template. Budgets allow you to track monthly, quarterly, and annual changes to your income and expenses. Make sure you regularly review this document so it’s…
hobo_018/GettyImages; Illustration by Hunter Newton/Bankrate Key takeaways The mortgagor is the person or entity who borrows and pays back a mortgage loan. If you’re getting a mortgage to buy a home, you’re the mortgagor. The mortgagee is the lender, such as a bank or credit union. This is the entity…
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