Interest rates are expected to rise more than once in 2022, which means it will cost more to borrow money. Unlike in normal years, pricier loans probably won’t come with the tradeoff of higher savings yields this time around either So, if you want to grow your bank account in 2022, you can’t rely on your bank […]
Category: Personal Finance
Tally consolidates your credit card payments and can help tackle debt — but is it worth it?
Credit cards can be a useful tool to pay for purchases, especially in the event of an emergency, but if you’re regularly revolving your balance, you may be spending hundreds or thousands more dollars than you have to in interest. If you’re like most people, keeping track of various payment due dates and different APRs […]
This 5-Minute Social Security Move Could Make or Break Your Retirement
Retirement requires loads of planning, from building a healthy nest egg to deciding what age you want to leave the workforce. While most of these retirement plans take years or even decades, some moves require very little time at all. And there’s one Social Security move that only takes a few minutes, but it could […]
Feeling anxious about your finances? Here’s what you can do to calm your nerves
When it comes to managing our money, we face so many stressors on a regular basis — like, dealing with a surprise car repair and medical bills, to budgeting our paychecks to keep up with inflated grocery prices. But financial anxiety is more than just worrying about how much money we have in the bank. […]
How to save money as cost of prescribed medicine increases
Groceries and gas prices are not the only things rising. The cost of medicine is also increasing. But in the case of prescription drugs, experts say, inflation is not the culprit. Regardless, the rising costs are affecting others. Cape Coral resident Julie Schuester isn’t sure how she is supposed to pay for her prescription drugs […]
A lasting stock market downturn can be a big problem early in your retirement. How to combat that risk
For investors whose retirement is decades away, the stock market’s pullback should be of little concern — there’s plenty of time for your portfolio to recover before you need the money. Yet if you are a new retiree or on the verge of retiring, it’s worth considering what a prolonged dip would mean for your […]
Using an HSA to save for retirement – or as income now? Avoid these mistakes.
Contributing money to a health savings account, or HSA, is one of the smartest moves you can make for your retirement. Even though an HSA isn’t a retirement plan in the same sense as an IRA or 401(k), it can be an extremely useful long-term savings tool. But if you’re going to maintain an HSA, it’s […]
These are the top 30 ways Brits are saving money
Brits are adopting a string of clever ways to stave off the cost-of-living crisis, including cutting their own hair, making sure lights are off – and even shopping at specific times to grab supermarket ‘yellow sticker’ bargains. A survey of 2,000 adults revealed the top 30 ways the nation is looking after the pennies – […]
Quitting Your Job? Here’s What to Do With Your 401(k)
The Great Resignation has been upon us for quite some time, and these days, Americans are leaving their jobs in droves. In November, a record 4.5 million Americans tendered their resignations. And given that the labor market is loaded with jobs, a lot of people aren’t hesitating to seek out better opportunities. While moving on […]
What is my credit score if I have no credit history?
According to data from the Consumer Financial Protection Bureau (CFPB), as many as 26 million Americans are “credit invisible,” meaning they have no credit history. By and large, this means they have never had any data reported to one of the three credit bureaus; thus they are likely to encounter roadblocks if they need to access a […]
How Much Money You Should Keep in Your Standard Savings Account, According to Experts
If you have the lucky problem of trying to figure out where to keep money above and beyond what you need to pay your monthly expenses, you may be uncertain as to how much is the right amount to keep in a standard savings account. Don’t fret, and don’t make any hasty decisions. Experts have […]
3 Steps to Claiming the $4,194 Max Monthly Social Security Benefit
The average senior on Social Security is eligible for a monthly benefit of $1,657. But some seniors will collect a lot more money than that. The highest monthly benefit Social Security recipients can collect this year is $4,194. But snagging that benefit isn’t an easy feat to accomplish. If you want to set yourself up […]