Key takeaways It’s entirely up to you whether to use a personal credit card for business expenses, but this approach has disadvantages and advantages. Personal cards are easier to qualify for, and if you don’t qualify for a business card, a personal card could help you build up credit so…
Key takeaways Money market accounts typically provide higher interest rates than traditional savings accounts and are federally insured, offering both flexibility and security. These accounts are great for short to medium-term savings goals, such as building an emergency fund or saving for near-term expenses. APY rates, fees, and minimum balance…
Navigating money in your early 20s can feel like uncharted territory. And while it’s true that today’s economy might be tougher than it was for our parents or grandparents, young people also have more free information at their fingertips. And some advice holds true throughout the decades. To tap into…
Key takeaways Carrying a credit card balance, even during a 0 percent intro APR period, can have consequences such as accruing interest on non-qualifying amounts and potentially losing the offer. Understand the terms and limitations of a 0 percent APR offer, as some may only apply to balance transfers or…
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TomoCredit, a five-year-old San Francisco startup that claims it boosts consumers’ credit scores, is facing a growing number of problems,…
This founder built his brand on a simple idea: Forget about changing the world. Get rich doing mundane and even…
The 2024 presidential election has ended, and Donald Trump is poised to retake the White House, with big implications for…
Voters in Washington State have decided to keep the state’s first-in-the-nation public long term care insurance program. On Tuesday, they…
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Kentucky insurance laws require all drivers to have coverage to drive on public roads legally. You can go to jail for no insurance in Kentucky, and may face fines and other penalties. Even if you are stopped for another reason, you are likely to earn…
Dept Managmnt
Key takeaways A lien serves as an official notice that you owe a creditor for unpaid property. If you do not pay, the…
Banking
With interest rates easing and inflation cooling, small businesses are getting a much-needed break. A change to the Small Business Administration’s (SBA) refinancing…
Credit Cards
Key takeaways Actively using a credit card responsibly can help improve your credit score over time. Using your credit card like a debit…
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Navigating the world of personal finance is daunting for anyone, but it’s a particularly pressing concern for members of Generation Z as they begin their careers and become financially independent. Adult Gen Zers, aged between 18 and 27, are grappling with new financial challenges at a time of expensive college…
With all the excitement surrounding Bitcoin’s recent climb to over $100,000, many investors — new and experienced alike — are wondering if it’s time to hop on the crypto bandwagon. But don’t move too fast. Crypto is highly volatile and not backed by business performance or concrete assets like cash…
MoMo Productions/Getty Images Key takeaways LLC business loan document requirements are similar to those of other types of business loans Lender and loan type determine the type of documentation needed You’ll need documentation about yourself and your business finances, including tax returns and debt schedules Limited liability companies (LLCs) are…
Key takeaways A charge-off is a debt that has gone unpaid for a sufficient amount of time and is deemed uncollectible by the creditor. Charge-offs do not erase your debt, and you are still responsible for paying it. It may be handed over to a debt collector and can stay…
A covered call is an options trading strategy that offers limited return for limited risk. A covered call involves selling a call option on a stock that you already own. By owning the stock, you’re “covered” (that is, protected) if the stock rises and the call option expires in the…
Key takeaways A business loan provides one-time funding to help start or grow a business Lines of credit cover short-term financing needs and let businesses borrow funds repeatedly Banks, online lenders and CDFIs may offer term loans and lines of credit A business loan offers funding that small businesses need…
The biggest credit card industry development of 2024 occurred in February when Capital One announced an agreement to acquire Discover for $35 billion in stock. The biggest development of 2025 could be [dramatic pause…] Capital One actually acquiring Discover. You see, the transaction hasn’t closed yet because of regulatory hurdles.…
#Financial practicePersonal financeCredit1.Saving every monthBuilds financial security, enabling long-term planning and investment opportunities.Establishes an emergency fund, reducing reliance on credit in unexpected situations.2.Paying off credit card balances in fullFrees up money for other expenses or savings instead of paying highAvoids interest charges and improves credit score by maintaining a low…
Key takeaways Both charge cards and credit cards allow you to make purchases that you can pay off at a later date. Although charge cards typically come without preset spending limits, they typically require users to pay the balance in full each month. Credit cards allow users to carry a…
Key takeaways A seller’s market is often defined by limited housing inventory, putting sellers in a position of leverage as buyers compete for the few homes available. In a buyer’s market, buyers have ample housing supply to choose from and sellers may need to lower their price or negotiate concessions…
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