Key takeaways Avoid taking out a longer or larger personal loan than you need. This will help you to avoid spending more money on interest than is necessary. Shopping around for the best offer will help you to ensure you get the best rate and the lowest fees. Consider your…
Key takeaways Couples who share expenses can consider a joint bank account to track spending but should understand the pros and cons before opening one. Joint savings accounts can be helpful to save for shared goals or a shared emergency fund. There are downsides to joint accounts, such as the…
Key takeaways With debt forgiveness, creditors pardon some or all of your debt. Various types of debt may qualify for forgiveness. Debt forgiveness can offer relief from overwhelming financial burdens, but it does have downsides. Debt forgiveness is only one option for managing difficulties with repayment. Struggling with debt can…
Personalization is a hot topic in the marketing world. This is playing out in the credit card space in multiple ways. Here’s what you need to know, and how you can use this trend to your advantage. Have a question about credit cards? E-mail me at [email protected] and I’d be…
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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…
If a society is going to make intelligent choices in policy, it helps to understand reality, which includes facts and…
New York startup Casap has raised $25 million in new funding to help banks tackle the thorny problem of credit…
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Key takeaways Your student loans could come due while you’re still in school if you drop below part-time enrollment or choose certain repayment plans. Your grades can affect your eligibility for federal student loans as well as some types of student loans. If you are…
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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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When it comes to selling coconut water to the health obsessed, New York’s Vita Coco has served up a master class, schooling even…
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Key takeaways Borrowers with favorable credit scores — 670 or higher — generally qualify for auto loans with the most attractive terms. If your credit score is on the lower end, review your credit report and create a plan to improve it before applying for an auto loan. It’s worth…
Key takeaways A balance transfer credit card can help you pay off your debt faster and save money on interest, but you’ll usually pay a balance transfer fee for the privilege. Balance transfer credit cards offer advantages, including consolidating multiple payments, lowering total interest paid and paying…
Retirement accounts like 401(k)s come with specific rules. One of the most important, required minimum distributions (RMDs), dictate when you must start withdrawing money. But when you reach the age typically associated with these mandatory withdrawals, what happens if you still work? The RMD for a 401(k) follows different guidelines…
Key takeaways Completing SBA Form 413 is a required step for most SBA loans. The SBA uses this form to assess an applicant’s creditworthiness, as well as their ability to repay the loan if approved. You can download SBA Form 413 from the Small Business Administration’s website. SBA loans offer…
Key takeaways Traveling internationally is easier with the right preparation, including proper research up front as well as having the right items with you when you embark on your journey. Make sure you have all of your documents in order, especially when it comes to passports, visas and medication prescriptions,…
“Focus on facts, not emotions.” I wrote that once, but I’ve come to realize that sometimes saving money is as much about contending with your emotions as it is about budgeting. Here’s what I mean. I usually have this gnawing guilt anytime I spend a few hours at home doing…
If there’s one thing Americans can agree on, it’s confusion about tipping. While tipping is expected sometimes, it’s unclear in other situations. Do you tip the DoorDasher who picked up your food order and dropped it at your door? Do you tip the plumber on top of the bill they…
Key takeaways The Bank of America® Unlimited Cash Rewards credit card offers a number of unique perks to cardholders, including unlimited 1.5 percent cash back on all purchases. The Bank of America® Customized Cash Rewards credit card is another cash back card option, this one offering bonus cash back of…
Key takeaways A digital wallet serves as an extra-secure means of storing credit cards and other forms of payment that can be used to conduct transactions. Most major credit cards can easily be added to a digital wallet, except for some prepaid cards, business cards and cards issued outside of…
MoMo Productions/Getty Images Key takeaways A Roth solo 401(k) allows self-employed individuals and their spouses to make after-tax contributions and grow their retirement savings tax-free. Unlike a Roth IRA, a Roth solo 401(k) has no income limits and significantly higher contribution caps. Contributions grow tax-free and can be withdrawn tax-free…
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