If you have several debts, using a personal loan to consolidate what you owe into one manageable monthly payment could be a convenient way to reduce the amount of interest you’re paying and help clear your debt faster. We take a closer look to help you assess whether it’s the right choice for you. How […]
The pandemic may have pushed you to save money with all the uncertainty out there about making ends meet, but financial experts say it could also pose a risk to our economy’s recovery. Linda Kobler just got back to work at the Naples Soap Company, and though business is back in action, she said her […]
Workers at all income levels, except for those in safe jobs, face double-digit unemployment risks due to the COVID-19 recession. The effects of this downturn will stay with most older workers for the rest of their lives. Since March, enough economic data have come in that make predicting what will happen a bit easier. Our […]
Whether unemployed or still working, many Americans are looking for extra funds during the coronavirus pandemic. About 14% of those with retirement savings have taken money from accounts such as 401(k)s and individual retirement accounts to meet that need. Another 13% of those with savings say they’re planning to make use of their retirement funds. […]
If you’re applying for a personal loan, securing a low interest rate is critical — especially if you’re borrowing a large amount of money. While shopping around for lenders can certainly help (rates vary greatly from one to the next), there are other things you can do to improve your chances of getting a low interest rate […]
The COVID-19 pandemic has hit cash-strapped seniors hard. Many have watched their retirement portfolios plummet, and they’ve been unable to make up for it because they cannot go to work to earn more money. Unemployment and stimulus checks help a little, but those 62 and older have another place they can turn to for extra […]
Preparing for a financially secure retirement is more important than ever, especially with the coronavirus causing economic chaos. But a recent survey by the Employee Benefit Research Institute shows that the majority of current workers are missing key components in their planning. In fact, fewer than four in 10 workers have considered these three essential […]
The first round of stimulus checks was sent out to millions of Americans across the country, with $218.4 billion paid out so far in an effort to ease the financial strain caused by the coronavirus outbreak. Although these payments provide some relief, using the money wisely is crucial in creating more financial stability. According to […]
A year ago, pandemic personal finance was a topic only discussed by doomsday theorists. But times have changed, and now we’re all familiar with the economic, social, and financial ravages brought on by the global outbreak of COVID-19. And while we may not have much control over national and global trends, we can take charge […]
Cell phone bills form a large portion of one’s monthly budget. According to a study done by J.D. Power and Associates, the average family in the United States spent approximately $157 on their cell phone bill each month in 2017, or $1,884 throughout the year. That is a big chunk of change to spend, which […]
COVID-19 has affected the way Americans live, work, eat, shop, and earn money. It’s the latter that has a lot of people worried, what with unemployment levels reaching record highs and so many people struggling financially. The stock market has taken a beating as well since COVID-19 cases started popping up in droves, and while […]
When Democratic presidential candidates Bernie Sanders and Elizabeth Warren dropped out of the race, it seemed that proposals to tackle student loan debt would go away, too. They haven’t. Between the impact of the coronavirus pandemic and a growing sense that there’s something broken with how the U.S. finances higher education, plans to deliver relief […]
