miniseries / Getty Images Key takeaways MBA accreditation is a process that evaluates the quality of an MBA program. There are three main types of accreditation for MBA programs: regional, national and programmatic. Employers hiring new candidates tend to prioritize graduates from accredited schools. MBA accreditation is a process that…
Key takeaways Multiyear approval for student loans makes it possible for applicants to apply for funding for the duration of their degree program all at once. There are some downsides to using a single lender for all student loan needs, including the fact you may miss out on a better…
Key takeaways A goodwill letter is a formal written request asking a creditor to remove a negative mark, like a late payment, from your credit report. Goodwill letters are most effective if your payment history and credit is generally in good standing. Lenders are more likely to respond positively to…
Getty Images/Illustration by Bankrate Many investors look to gold as a way to preserve wealth against economic uncertainty and inflation. The good news is that there are plenty of ways to gain exposure to the precious metal, such as gold ETFs and physical gold. Another way to add gold exposure…
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While there has been much conversation on not buying from companies with poor diversity, little has been said about investing…
Lifestyle inflation occurs when your expenses increase as you earn more income. It can start subtly—dining at pricier restaurants, upgrading…
Chime, the largest digital bank in America, grew its revenue to $1.7 billion in 2024, an increase of roughly 30%…
Technology has transformed some parts of the daunting homebuying process–making it easier to search and compare properties online, to prepare…
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You’ve heard about it often enough, most likely when choosing a 401(k) investment, but compound interest can multiply your money. The name of the game with compound interest is time, and the more of it you have, the bigger the payoff. That means if you’re…
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Level 2: Discover the Fastest Way to Pay Off Debt With Rules and Challenges When looking for the fastest way to pay off…
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Apple, FedEx and Oracle all got loans guaranteed by the Small Business Administration. But rules and red tape keep many banks from making…
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With the economy slowing and President Donald Trump’s tariffs likely to stoke inflation, investors face various risks. Building a portfolio that has at least some less risky assets in it can be useful to help you ride out volatility in the market. The trade-off, of course, is that in lowering…
Key takeaways Wire transfers cost more but provide familiar bank security. Crypto moves faster and costs less but requires some technical know-how. Bank fees often hit you twice — when sending and receiving. Crypto platforms charge one transaction fee, usually under $5. Bank wire transfers used to be the only…
Cryptocurrency has long been associated with frauds and outright scams, dating back to at least the massive loss of Bitcoin from the Mt. Gox crypto exchange in 2014. In many ways, crypto is an ideal vehicle to commit fraud because of its broad adoption by criminals, the anonymity of transactions…
Key takeaways Money stored in payment apps often lacks federal deposit insurance protection. Basic security practices significantly reduce the risks of fraud or theft. Apps earn interest on user balances while paying nothing to customers. Different apps serve different needs — personal, business or international use. Peer-to-peer payment apps have…
The ability to trade foreign stocks greatly expands the number of companies you can own, and it can be a great way to add diversification to your portfolio. Although American investors can buy shares of some large foreign companies through a regular brokerage account, only brokers that enable investing through…
Currency exchange is a common necessity for travelers, international shoppers and anyone conducting business overseas. However, exchanging currency isn’t free. It usually involves an exchange rate and other fees. Excessive fees can significantly impact how much money you receive, making it essential to know where and how to exchange currency…
SimpleImages/Getty Images Key takeaways Fiat money is a government-created currency, usually issued by its central bank, and isn’t backed by a tangible commodity, like a precious metal. Unlike commodity-backed money, fiat money isn’t intrinsically valuable; its worth is determined by supply and demand and the issuing government’s credibility. Most countries…
Key takeaways Most banks offer free coin exchange services to account holders, though you may need to roll coins yourself. Self-service coin-counting machines are more commonly found at local banks and credit unions than at national banks. Coinstar offers convenient coin exchange but charges steep fees unless you opt for…
Key takeaways Receipt-scanning apps scan and save paper documents like receipts to your phone or computer. Digitizing your receipts and other documents allows you to track financial data and file away important information for tax season and may even offer cash-back rewards. Some receipt apps track and sell your data,…
Understanding Gen Z’s Financial Health Gen Z—Americans born between 1997 and 2006—is entering adulthood at a challenging financial moment. With inflation, student loan pressures, and rising housing costs, it’s no surprise that many are feeling overwhelmed. But there’s good news: Gen Z is taking an active interest in managing…
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