Investing in an individual retirement account (IRA) is a great way to save for retirement — as long as you’re actually investing your money. Yet a surprisingly high number of investors who take the critical step of contributing money to an IRA miss out on the account’s biggest perk: access…
eclipse_images/Getty Images Key takeaways Credit-builder loans can help borrowers improve their payment history — and by extension their credit score — since they report regular, on-time payments to major credit bureaus. Benefits of credit-builder loans include flexible acceptance criteria, the chance to improve your credit and the ability to build…
Budgeting with ADHD Using Visual Tools Budgeting with ADHD doesn’t have to be a snooze fest. If spreadsheets make your eyes glaze over, try something more visually engaging. Use colour-coded charts, you can find tons of fun templates online. You can also try using budgeting apps or interactive, online budget…
Key takeaways When securing a vehicle lease, lessees can negotiate the buyout price, gross capitalized cost, mileage allowance and money factor. Take the time to understand the language of a car lease to ensure confidence when negotiating. When signing off on a car lease, you cannot negotiate the acquisition fee,…
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While there has been much conversation on not buying from companies with poor diversity, little has been said about investing…
Lifestyle inflation occurs when your expenses increase as you earn more income. It can start subtly—dining at pricier restaurants, upgrading…
Chime, the largest digital bank in America, grew its revenue to $1.7 billion in 2024, an increase of roughly 30%…
Technology has transformed some parts of the daunting homebuying process–making it easier to search and compare properties online, to prepare…
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Key takeaways The Trump administration’s tariffs against Mexico, Canada and China could soon affect prices on store shelves. Experts estimate that the average household might pay thousands more annually for everyday expenses due to tariffs. You can compensate for higher prices by comparing costs at…
Dept Managmnt
Key takeaways Filing for bankruptcy can help you discharge debts and regain control of your finances. Bankruptcy clears many kinds of debt but…
Banking
Apple, FedEx and Oracle all got loans guaranteed by the Small Business Administration. But rules and red tape keep many banks from making…
Credit Cards
Key takeaways The Southwest Companion Pass is attainable by using Southwest credit card welcome bonuses to meet the 135,000-point requirement. Applying for a…
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Hispanolistic/GettyImages The deadline is fast approaching to get your share of over $1 billion in unclaimed tax refunds. More than 1.1 million people have yet to claim their 2021 tax refunds, the IRS says — and the last day to do so is April 15. Deadline looms to claim tax…
Key takeaways Most car insurance carriers require a “down payment,” or first policy payment, right away to activate your policy. Auto-Owners, Geico and USAA may offer cheap car insurance for drivers on tight budgets. Although paying monthly may be easier on your budget, it can cost more than paying a…
Key takeaways You can find loans for borrowers with bad credit through community banks, credit unions and online lenders. Predatory or misleading loans can be disguised as bad credit loans. If the rate is above 35.99 percent, you’ll want to find a lower-interest option. Bad credit loans can come with…
Prudential offers a range of annuities designed for different retirement income needs. Many of their six product offerings are a modified version of an index-linked annuity, which aims to let owners indirectly benefit from potential gains in stocks and/or bonds, while offering some protection against market losses. Prudential also offers…
Westend61/Getty Images; Illustration by Austin Courregé/Bankrate Key takeaways The current balance of your bank account may include transactions that have yet to clear, whereas the available balance is the amount you can access and use. The available balance may be less than the current balance in cases where there are…
Key takeaways The Platinum Card® from American Express and the American Express® Gold Card both earn valuable American Express Membership Rewards, but their benefits are tailored to suit different lifestyles. The Gold card is ideal for foodies, offering various dining credits and boosted earnings rates on purchases at restaurants and…
Doesn’t require repayment Can be used for down payment and closing costs Cons: Be a first-time homebuyer Buy a primary residence within the city of Memphis Earn no more than 80 percent of the AMI Maximum sales price of $300,000 for new and existing homes Contribute at least 1 percent…
Key takeaways Average business line of credit interest rates range from 8 percent to 60 percent Longer repayment terms can increase overall costs Business lines of credit can come with fees, such as origination fees, draw fees for withdrawing funds or monthly service fees A business line of credit is…
Key takeaways Gas rewards programs are a free, easy way to earn rewards at gas stations you use regularly. The rewards you get and how you can use them vary from program to program, so it’s important to pick the one that works for you. Look for…
Morsa Images/ Getty Images; Illustration by Austin Courregé/Bankrate A certificate of deposit (CD) is a time deposit account in which your money accrues interest at a fixed yield for a set period of time, or term. CD terms typically range from as short as a few months to as long…
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