Setting your money aside in mutual funds and letting them grow over the long term is one of the proven ways ordinary people can become everyday millionaires and live the retirement of their dreams. Of course, you’ll want to invest in a mix of the best mutual funds—those with a history of…
Listen to this article We’re so glad you decided to get a will! A will is one of the most important parts of your legacy, because it lets you give your loved ones good gifts and protect your family after you’re gone. We know you want to do your will…
The first thing I want you to know is this: My heart hurts for you. You’re watching a person you love burning a hole through their own soul. They’re spinning out and afraid, crushed by the weight of anxiety. I applaud you for being the kind of person who loves…
From time to time, we’re all faced with the need to forgive ourselves. Maybe you’re beating yourself up for a mistake you made at work that cost the company a ton of money. Or maybe the memory of haunting decisions you made when you were a teenager still wakes you…
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Millions of student loan borrowers face an uncertain future as a second Trump administration prepares to return to Washington. But…
The 2024 presidential election has ended, and Donald Trump is poised to retake the White House, with big implications for…
Donald Trump’s return to the White House combined with Republican control of the Senate, and perhaps the House, will place…
Undergrads and recent grads—young, healthy, and debt burdened—are being offered five figures to donate their eggs to other women undergoing…
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So you want to buy or sell a house, but, well . . . coronavirus. This pandemic has probably kept you from doing a lot of things you want to do: You can’t go to a concert, you can’t watch sports live (in most places),…
Dept Managmnt
Key takeaways Declaring bankruptcy doesn’t necessarily mean you’ll lose your car. If you’re declaring Chapter 7 bankruptcy, you could keep your vehicle if…
Banking
The Consumer Financial Protection Bureau (CFPB), a federal agency championed by Massachusetts Senator Elizabeth Warren in 2011 to protect consumers against predatory financial…
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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Key takeaways There is no minimum amount of debt required to file for bankruptcy. Because of legal fees and long-term financial consequences, it may not be worth filing with less than $10,000 in dischargeable debt. Filing for bankruptcy is best reserved as a last resort because it is expensive and…
Key takeaways The best renters insurance companies in California are American Family, Mercury, Nationwide, Lemonade and USAA, according to our research. The average cost of renters insurance in California is $177 per year, according to the Insurance Information Institute (Triple-I). Californians may want to consider optional earthquake insurance and valuables…
Precious metals such as silver have long been an alternative to traditional investments such as stocks and bonds. When times get tough or the economy faces severe inflation, some investors turn to silver to hedge their bets or to invest more defensively. Silver prices spiked in March 2023 following the…
A 529 plan gives consumers a tax-advantaged way to pay for education, and that’s a boon for parents and other family members who want to save for a child’s schooling. A 529 plan offers several other benefits, including the ability to invest with potentially high-return assets such as stock funds,…
Fifty-nine percent of Americans are uncomfortable with the amount of money they have stashed in an emergency fund. When people need cash quickly in a difficult situation, they may turn to resources like payday loan apps. These digital cash advance platforms offer a quick and easy way to borrow money,…
So you’ve made some money investing — or really any asset trade where you came out ahead. Congrats on the big score. But don’t count your profits too quickly because Uncle Sam wants his cut of your gains, too. If you’ve realized a profit on an investment in a taxable…
Key takeaways The court could dismiss your case or change it to Chapter 7 if you’re late on your Chapter 13 payment. You can request a payment reduction or amendment if you’ve faced an unexpected financial hardship. If you miss a payment or think you could be late in the…
From the very beginning, American Consumer Credit Counseling has been dedicated to two primary goals: providing accessible financial education to Americans at no cost and assisting them in achieving debt freedom. While it’s great to hear about our services directly, hearing from real clients who have experienced our debt management…
skynesher/Getty Images; Illustration by Grant Crowder/Bankrate Key takeaways Unlike a traditional home purchase, buying from a relative is a non-arm’s length transaction, meaning the buyer and seller have a pre-existing relationship. As such, it may receive additional scrutiny from mortgage lenders and has the potential to cause family tension. In…
If you drive for a rideshare company like Uber or Lyft, it’s important to understand how your auto insurance could be affected. Using your car for ridesharing requires additional coverage in the form of rideshare insurance to ensure you’re financially protected while driving. Neither your personal auto insurance policy nor…
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