So, you’re looking ahead to the new year and ready to start setting goals for 2024. How exciting! Maybe you’ve made up your mind to finally pay off your student loans by the time next Christmas rolls around. Or maybe you’ve decided you need to spend the new year working…
In today’s fast-paced financial landscape, the concept of budgeting has evolved beyond mere spreadsheets and silent calculations. There are different ways to budget now and each method, distinct in its approach, offers unique advantages designed to cater to various financial goals and money management preferences. Let’s briefly explore some of…
Flamingo Images/ Shutterstock Key takeaways Promotional CDs often pays more than standard CD rates. They may come in irregular term lengths, and the rate often applies only to the initial term and not subsequent ones. Financial institutions commonly offer promotional CDs as a way of attracting new customers. Before opening…
Key takeaways Home equity loans, HELOCs, and cash-out refinancing are three popular ways to borrow using your home as collateral. A cash-out refinance replaces your existing mortgage while home equity loans and HELOCs involve taking on an additional debt. With all three, the amount you can borrow will depend on…
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Last week, nearly a dozen states filed a lawsuit against the Biden administration, seeking to block a key student loan…
In the world of personal finance, taking the first step can often be the most difficult. From budgeting to investing,…
I treasure any incentives to save money, but few Americans know the entire toolbox of bonuses when they file their…
The Biden administration announced this week that it will pause student loan forgiveness processing under a key program. The suspension…
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Navigating the world of commercial real estate rates can often feel like a complex maze. In this evolving landscape of the commercial property market, mortgage rates serve as the compass guiding your investment decisions. Whether you’re a seasoned investor or a novice entrepreneur, understanding the…
Dept Managmnt
If you’re feeling overwhelmed about being in debt, you’re not alone. Many people who have debt report feeling stressed about their financial situation…
Banking
Today’s housing market is ever evolving. And to navigate it successfully, it is crucial to understand the dynamics at play. From record low…
Credit Cards
Key takeaways The best balance transfer cards allow you to make unlimited balance transfers within 60 to 120 days of account opening. If…
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A low-interest personal loan is any loan with an interest rate under the current market average. As of April 10, 2024, the average personal loan rate is 12.18 percent. To qualify, you will need excellent credit and good finances. Compare at least three lenders to see which will give you…
Key takeaways Crowdfunding for your small business allows you to fundraise money through individual investors interested in your project You can use different types of crowdfunding, including donation, reward, debt and equity crowdfunding Depending on the platform, you may or may not have to pay back the funds, or you…
The IRS has clear guidelines and specific thresholds that dictate when and how U.S. persons (citizens, resident aliens or domestic trusts) must report gifts from foreign entities. With penalties for non-compliance potentially reaching staggering amounts, understanding these rules is not just a matter of financial literacy but of fiscal responsibility.…
Legally, it’s never too late to make a Roth conversion. The IRS will let you move qualifying funds at any time as long as you can pay the resulting tax bill.For those in or near retirement, the bigger question is whether it’s a wise call to make a Roth conversion.…
The U.S. Small Business Administration offers a few different real estate loans to help business owners purchase, renovate, and build properties that support their companies. There are two primary SBA commercial real estate loans to choose from: the 7(a) loan and the 504 loan. Each one is designed for different…
Although it was only four days given the Good Friday holiday, it was my kind of trading week the final few days of March. The median stock in the Russell 3000 index gained 2.2% and the Russell 3000 Value index (R3KV) outperformed the Russell 3000 Growth index (R3KG) by a…
If you are over 70 1/2 and have any charitable inclinations or obligations arranging qualified charitable distributions (QCD) from you IRA is probably a really good deal. For some people it could be a wash but when you consider the higher standard deduction nowadays, numerous things that are tied to…
Food. It’s the third-highest expense for Americans and usually people’s biggest budget buster.1 Whether it’s your daily coffee run, lunch with your coworkers, or a last-minute dinner via Postmates, eating out isn’t cheap—especially as food prices continue to go up. But just how much should you spend eating out each…
Key takeaways It is relatively common for homeowners to pay their home insurance premiums from a mortgage escrow account. Homeowners can change insurance companies if their home insurance is in escrow, but they may need to take a few additional steps. If switching insurance companies, homeowners should send any premium…
Daniel Balakov/Getty Images Funds focused on environmental, social and governance issues (ESG) have burst onto the investment scene in recent years, as institutions and individuals pay greater attention to the way their money is invested. Assets managed with ESG principles topped $35 trillion in 2020 and are expected to grow…
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