If you were to invest $10,000 in a good stock and get a 20 percent return, you’d make $2,000. But what if you could have borrowed another $10,000 to buy more stock and doubled your profits? When investors borrow money, or buy on margin, they’re going for these types of…
Key takeaways A balance transfer can be a helpful tool for paying off high-interest credit card debt interest-free for an extended period of time. It’s essential to research and compare offers from different credit card issuers to find the best balance transfer card for your needs and financial situation. Before…
This page was originally published in late 2024 and reflects the author’s financial decisions during that time. Key takeaways Pairing the Capital One Venture X Rewards Credit Card and the Capital One Savor Cash Rewards Credit Card allows me to earn 50% more miles. I use the Savor card for…
Americans have amassed $525.1 billion for educational expenses in 529 plans as of December 2024, according to the Education Data Initiative. That amounts to around an average of nearly $31,000 for the estimated 17 million families participating in 529 plans. With so much money on the table and college costs…
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New York startup Casap has raised $25 million in new funding to help banks tackle the thorny problem of credit…
Many people in economics, finance, business, and regular consumer life have been waiting for the forecast inflation, the tariff shock,…
President Trump’s 2026 budget would freeze spending for many services for older adults, deeply cut others, continue his efforts to…
The Trump administration is clamping down on federal student loan defaults; at the same time, Republican lawmakers in Congress just…
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Key takeaways A real estate broker is a licensed real estate agent who has also completed additional training to earn a broker’s license. Brokers can help buyers and sellers navigate some of the more complex details of real estate, such as zoning and title issues.…
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Smart Shopping for School Supplies and Clothes Buy only the essentials immediately, and purchase remaining items as last year’s supplies are used up.…
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OBSERVATIONS FROM THE FINTECH SNARK TANK In 2022, President Biden signed an executive order directing the government to develop a framework for digital…
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Flamingo Images/Shutterstock Key takeaways Cash management accounts combine the best parts of checking and savings accounts and are usually offered by investment companies. These accounts can provide more than $250,000 with FDIC insurance by automatically spreading your money across different banks. Cash management accounts often offer competitive interest rates while…
Understand your Debt: Debt from credit cards, loans, or medical bills can feel overwhelming. Recognizing its commonality is the first step in tackling it. Assess Your Finances: List all debts, including amounts and interest rates. Identify budget areas for cuts, like subscriptions and dining out. Create a Repayment Plan: Use…
Richard Sharrocks/Getty Images TIPS — short for Treasury Inflation-Protected Securities — are a kind of U.S. government bond that can help safeguard your wealth from inflation. TIPS are indexed to inflation, so as prices rise, your investment principal increases, protecting any investment you’ve made in the bonds. With inflation still…
Key takeaways Despite political pressure from President Trump, the Federal Reserve is expected to hold interest rates steady at its July 29-30 meeting, coming off the heels of elevated inflation in June. High-yield savings accounts remain an attractive option, with several top accounts still offering APYs well above 4 percent.…
Key takeaways Car title loans are a convenient way to get fast cash if you own your vehicle outright. These loans are risky though, as they use your vehicle as collateral and come with steep borrowing costs. Consider an alternative, like a credit card, personal loan or payday alternative loan,…
The Golden State offers something for everyone: cosmopolitan life in a big city like Los Angeles or San Francisco, the desert calm of Palm Springs, beachy vibes in an oceanside locale like San Diego, remote peace and tranquility in the northernmost corners of the state. However, the housing market in…
Americans may soon see a wave of tax changes — some as early as this year, others rolling out in future tax seasons. These updates stem from the massive tax bill recently signed into law by President Donald Trump. The new legislation includes several key tax rules: an extension of…
Key takeaways Single-family homes, like ranch-style homes and townhomes, are designed and built for one family to occupy. Multi-family homes, like duplexes and apartment complexes, contain multiple living units, each with their own address, entrance and living facilities. Both single- and multi-family homes can function as investment properties, but there…
If a child collects a sizable amount of money from investments or other sources of unearned income in a given year, their parent or guardian will likely need to pay taxes on it. While a portion of the child’s income isn’t taxed, after reaching a certain level of income, a…
Key takeaways Secured loans are loans that require collateral (assets) to back, or insure, the loan. Lenders may offer lower interest rates and larger borrowing limits on secured loans. Common examples of secured loans are auto loans, mortgages and business financing. A lender can repossess the collateral if you fail…
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