Certificates of deposits (CDs) continue to be worth considering as a component of your savings strategy in 2025. Yields on the best CD rates increased to highs not seen in years, thanks to the Federal Reserve raising its benchmark rate 11 times in 2022 and 2023. In 2024, yields dipped…
When the Federal Reserve changes interest rates, consumers feel the ripple effects in all sorts of ways. For savers, banks offering top interest rates tend to pay more when the U.S. central bank hikes rates and less when it cuts them. “Regardless of what the Federal Reserve decides to do,…
When the Federal Reserve cuts interest rates even by just 0.25%, it will have a direct impact on your finances. While a quarter of a percent may sound small, even slight changes in rates can ripple through the economy affecting everything from credit card payments to mortgage rates (more on…
Life throws curveballs. And often those curveballs mean you’re spending your hard-earned savings or you’re borrowing money instead. It can feel like a catch-22: Creating savings should help you avoid costly borrowing, but spending it equals losing it and going back to square one. So what is a saver to…
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How long it takes to get a 401(k) loan can vary depending on your employer, plan administrator and whether your plan offers an online portal or requires paperwork. In some cases, the process may take just a few days. In others, you may need to…
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Key takeaways A divorce decree outlines which spouse is legally responsible for each debt after the divorce is completed. States either have community…
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I hear it all the time: George, you can’t rent a car without a credit card! Rental car companies don’t accept debit cards! How do you get your hair to be so voluminous? I’ll only be answering the first two questions today. Let’s stick to personal finance. Can you rent…
So you’re wanting to buy some new wheels. Maybe your check engine light is sending a daily warning or you’ve just been itching to upgrade for a while. You’re thinking about paying cash for the car, but you’re wondering how—or if it’s even possible these days. Good. News. Yes, it’s…
6. Child Tax Credit (CTC) Got kids? Well, here’s a tax credit just for you! The child tax credit lets you credit up to $2,000 per dependent child under the age of 17. The income limit is $400,000 for married filing jointly and $200,000 for all the other filing statuses.17 The CTC is also partially…
Who likes doing taxes? Basically no one. And if you’re like me, you understand that paying your taxes is necessary, but it’s an annual pain in the butt. And the thought of doing my own taxes? My eyes are crossed just thinking about it! But what if I told you…
Did your beloved truck finally stall out for the last time? Do you want to upgrade from your ’05 Corolla to something that’ll let you jam out to more than just your old mix CDs? If you’re looking to buy a new (or new-to-you) car, you may think financing is…
When you’re ready to start building wealth for retirement, you’ve got a lot of options. But not all of them are good options. Risky get-rich-quick investments (cough, crypto, cough) spell disaster for your retirement plans. On the flipside, “safe” investments like gold and bonds won’t even keep up with inflation. That’s why we have been and always…
For people with a relatively simple tax situation, using the right online tax software can make a world of difference when it comes to getting your taxes filed without suffering too many migraines. Tax software has been around since the 1980s, and today it’s wildly popular. More than 150 million…
If you feel like your grocery bill has gone up lately, you aren’t alone. Our research shows 58% of Americans are spending more on groceries this year over last year. It’s so true. Food prices have jumped 2.6% this past year.1 And they were already high before that! That can take a…
If you’re facing a foreclosure, know this: You will get through it. Yes, it can be a long and hard road. But there is hope. We’re here to walk you through what happens during the foreclosure process, so you know what to expect—and so you can take steps to avoid…
We’ve got good news, folks: After a few years of mortgage interest rates constantly climbing and reaching highs we hadn’t seen in decades, rates have finally started coming back down! Yeah, that’s definitely a reason to celebrate. It’s also a reason to talk about something that could wind up saving you a whole lot…
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