Even in the best of times, carrying a credit card balance is best avoided. It’s expensive, stress-inducing, and can damage your credit score. These are definitely not the best of times. In fact, based on prevailing credit card interest rates, 2023 is the worst year to carry a credit card balance since at least 1995, … Read more
THIS POST MAY CONTAIN AFFILIATE LINKS. PLEASE SEE MY DISCLOSURES. FOR MORE INFORMATION. Dave Ramsey reaches over 20 million listeners every week. Many tune in to get free financial advice to become debt-free and improve their finances. While many succeed and get the opportunity for their ‘debt-free scream,’ could Dave’s advice hurt listeners? Here are … Read more
THIS POST MAY CONTAIN AFFILIATE LINKS. PLEASE SEE MY DISCLOSURES. FOR MORE INFORMATION. Most car manufacturers are going headfirst into electric vehicles, and the government is even offering a tax credit worth up to $7,500 when you purchase a new EV. Redditor u/BeautifulMusk asked, “What is it going to take for you to buy an EV?” … Read more
THIS POST MAY CONTAIN AFFILIATE LINKS. PLEASE SEE MY DISCLOSURES. FOR MORE INFORMATION. When it comes to money and improving your finances, where do you start? Most people answer this question by talking about investing or how to make extra money on the side. This makes sense since these are the more exciting aspects of … Read more
It’s annoying to go somewhere to run an errand, only to find out the business is closed. If that somewhere is your bank, and you’ve got time-sensitive money-related business to conduct there, it can be especially annoying to find the lights out and the door locked. Fortunately, banks don’t take many days off, and the … Read more
THIS POST MAY CONTAIN AFFILIATE LINKS. PLEASE SEE MY DISCLOSURES. FOR MORE INFORMATION. Raise your hand if you hate paying your mortgage every month. Not only is it your largest monthly bill, but it feels like you will never pay it off since most of your payment goes towards interest. Frustrating times for sure. But … Read more
Bank of America’s answer to the Chase Sapphire Preferred Card is the Bank of America® Premium Rewards® Credit Card, a premium piece of plastic that rewards dining and travel purchases above all else. In some respects, it’s better than Sapphire Preferred. In others, it falls short. All in all, it’s a better deal — a … Read more
The U.S. housing market partied hard in 2021 and early 2022, as record-low mortgage rates and pandemic-induced demand set off vicious bidding wars and sent home prices soaring. The fun didn’t last. The Federal Reserve began raising interest rates in March 2022, turning off the easy-money spigot that fueled the boom. By the fall, homebuyer … Read more
If you’re under 30 years old, this is the best time in your adult life to buy a certificate of deposit (CD). That’s not hyperbole. It’s a data-driven fact. After years of languishing near zero, CD rates spiked in 2022 and are now higher than they’ve been since at least 2008, right before the economy … Read more
THIS POST MAY CONTAIN AFFILIATE LINKS. PLEASE SEE MY DISCLOSURES. FOR MORE INFORMATION. Do you want to know how much money $20 dollars an hour is annually? While you could seek out a salary calculator, the math is simple and can be done easily. Assuming you work 40 hours a week, you earn $41,600 a … Read more