MoMo Productions/Getty Images Key takeaways Almost all workplace 401(k) plans let workers save extra money for the future, so long as you meet age requirements. Those age 50 or older can contribute an extra $7,500 per year. And, starting this year, individuals aged 60-63 can now make “super catch-up” contributions…
Photography by Getty Images; Illustration by Bankrate Key takeaways Snow and ice are covered by home insurance in some instances, like if your roof collapses or a tree falls on your home. When it comes to roof leaks, it will depend on scenario specifics. Some snow-related roof leaks will be…
Key takeaways Both 401(k)s and 403(b)s are tax-advantaged retirement savings plans. While 401(k)s are offered to workers in for-profits companies, 403(b)s are for not-for-profit and government workers. Both plans are subject to the same annual contribution limits, though 403(b)s have a special provision for long-term employees. If you’re looking at…
Key takeaways The earlier in the year you can contribute to your IRA, the more time your money has to grow. Make sure you’re aware of IRA contribution deadlines. Consider your expenses and needs when deciding how to time your IRA contributions. Contributing to an individual retirement account (IRA) each…
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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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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…
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Budgeting and Building an Emergency Fund for Rising Costs If rising costs are stressing you out, you may require adjustments to your budget…
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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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SDI Productions/Getty Images Your savings account has a variable interest rate, so your bank can choose to raise or lower that rate at any time. Due to this, the yield you’re currently earning might not be the same as it was last year or even last month. While such rate…
Key takeaways Interest can be charged when you borrow money or earned when you save. When you charge something on a credit card or take out a loan from a financial institution (student loan, auto loan, mortgage, etc.), you’re charged interest for borrowing that money. You can also earn interest…
With the stock market bouncing around like an old-school Wham-O Super Ball, alternative assets are in the spotlight as investors look into the far corners — including collectibles — for different ways to make a buck. Collectibles are, by definition, “alternative investments,” as is any asset that isn’t stocks, bonds…
The most difficult U.S. housing market in decades continues to encumber prospective homebuyers, who need an annual household income of $116,986 to afford the typical home, according to Bankrate’s new 2025 Housing Affordability Study. That’s almost a 50 percent increase since early 2020, when the income needed to buy a…
Carles Navarro Parcerisas/GettyImages Marriages don’t always work out, and a divorce may be a necessary next step. Aside from dealing with the difficult emotional side of separating from a spouse, splitting assets and talking about how money will be managed going forward is an important topic. In some cases, that…
Managing your finances is crucial for improving your quality of life. By understanding key financial terms, you can make informed decisions to improve your financial health and reach your financial goals. Here are some essential terms to know: Budget A budget is a plan for your expected income and expenses…
Key takeaways The price of your flight depends on a range of factors outside the day you book it and the day you fly out. However, data from Expedia’s 2025 Air Travel Hacks Report shows that consumers can save money by booking on Sundays regardless of whether they’re flying domestically…
Credit Sesame’s personal finance news roundup, March 29, 2025. Stories, news, politics, and events impacting personal finance during the past week. Bank of America shutters branches in latest digital shiftMortgage delinquencies surge despite overall credit improvementStudent loan borrowers face potential credit score reversalWhite House sets deadline to eliminate paper checks2024…
Key takeaways You can refinance federal student loans, but doing so will cause you to lose certain benefits. Student loan refinancing can result in lower interest rates and monthly payments. Student loan refinancing is different from consolidation, which is also available for federal loans. Student loan refinancing is one option…
blackCAT / E+ / Getty Images Key takeaways Credit card referrals allow you to earn rewards by recommending a card to family and friends. The average credit card referral bonus is worth between $50 and $150, and many credit card issuers allow you to earn multiple bonuses. Referral programs are…
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