Illustration by Bankrate / Photo by Getty The gender pay gap isn’t closing anytime soon, especially for women of color. Black and Hispanic women earn the least compared with men, and a Bankrate analysis of the latest income data from the Census shows it could take generations for their pay…
Practical Money Tricks That Lead to Real Treats Getting out of debt doesn’t happen overnight, but small, consistent actions can help you regain confidence and control. Here are a few tried-and-true strategies: Budget like a pro: Track every dollar for a month to see where your money really goes. Focus…
Key takeaways Credit unions typically offer better rates on savings and lower rates on loans compared to traditional banks. Membership is required and may have specific eligibility requirements based on location, employer or affiliation. Your deposits are federally insured up to $250,000, just like at banks, providing the same level…
Key takeaways A home equity line of credit (HELOC) on an investment property is a loan taken out against a piece of real estate that generates income or a financial return. Lenders will consider both the borrower’s creditworthiness and the property’s financials when evaluating an investment property HELOC application. These…
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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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Key takeaways Unsecured business loans don’t require you to back the loan with valuable assets Making on-time payments and building payments into your budget can help you effectively manage the unsecured business loan If you’re struggling to make repayments, talk to your lender and consider…
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The decision of which debt to start paying off first is a personal one, but starting with high-interest debt is generally considered the…
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The fundamental flaws in the way the Federal Reserve operates these days were on full display Wednesday when Jerome Powell talked to the…
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Image by GettyImages; Illustration by Bankrate Last week’s HELOC spike was short-lived. The average rate on a $30,000 home equity line of credit fell 80 basis points to 8.10 percent, back to the level it was two weeks prior, according to Bankrate’s national survey of lenders. The rise and fall…
Key takeaways The Capital on Tap Business Credit Card offers high credit limits, no annual fee, speedy approval and cash back rewards. The card is only available to businesses with good credit, at least six months of activity and a minimum yearly revenue of $30,000. While the rewards and credit…
Delmaine Donson/ Getty Images; Illustration by Austin Courregé/Bankrate Key takeaways Lengthy credit card balance transfer offers can mean the difference between paying hundreds in interest and paying nothing at all. Balance transfer cards with 21-month intro periods can help you pay off debt, but they carry few benefits beyond the…
Roth IRAs are known for tax-free growth and distributions in retirement. However, inherited IRAs come with their own rules and limitations that can complicate the picture. Whether you can convert an inherited IRA to a Roth IRA depends on both your status and current IRS guidelines. By understanding IRS law,…
Key takeaways Credit card fraud is on the rise, but there are many systems in place to protect your identity and your finances. The Fair Credit Billing Act limits liability to $50 if you report the fraudulent charges within 60 days of receiving your statement. Many credit card companies offer…
Key takeaways Understanding what not to say when selling a home can help you maintain bargaining power and secure a higher price. It’s best to let your real estate agent do the talking when possible, to avoid revealing information that might negatively impact the sale. However, there is some information…
Key takeaways The trend toward flat personal income tax rates has accelerated over the past few years, with eight states switching to a flat tax since 2023 (including Kansas and Ohio, which will have flat rates after 2025). States are moving to flat-rate income tax structures to cut taxes, increase…
Vladimir Vladimirov/Getty Images The year 2025 has seen nothing but tailwinds for the emerging cryptocurrency industry. From the passing of the GENIUS Act, to the Securities and Exchange Commission (SEC) disbanding its crypto enforcement unit, crypto investors have plenty of reason for renewed confidence. But the rest of the year…
Key takeaways You can legally buy property when you reach the age of majority, or the age at which you are legally considered an adult. However, that age differs by state — in most states, the age of majority is 18, but in a few it’s older. Even once you’re…
Key takeaways Grants can help Black female business owners bridge the funding gap Many grants are tailored to specifically help Black business owners and women business owners overcome racial biases Grants designed to help minority business owners overcome barriers are currently facing legal challenges Additional resources are available, including minority…
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