When to use a debit card vs a credit card
When held in your hand, credit cards and debit cards look almost identical, yet they are different financial products. A credit card allows you to borrow money to make a purchase, whereas a debit card […]
States where mortgage rates are rising most
Since the start of the year, mortgage rates have risen dramatically. The record-low rates of 2021 are gone, with rates above 5% becoming standard. While a lower rate can make paying off a mortgage more affordable, it […]
Families’ wages can’t keep up with inflation
It’s commonly believed that high inflation means higher wages. But today, that just isn’t the case. The Bureau of Labor Statistics (BLS) recently released a report that says wages went up by 4 percent in […]
Here’s how many Americans plan to pay for retirement
More than two thirds of employees in the United States expected their main source of retirement income to come from retirement plans, such as 401(k), 403(b) or individual retirement accounts (IRAs), as of the end […]
Should you be saving or investing right now? Here’s how to tell
Many people use the terms saving and investing interchangeably because they go hand in hand to ensure financial stability. But saving and investing have many differences that you should know when planning for your financial […]
Believe it or not, you’re probably richer than you were in 2019. Here’s why
U.S. households saved an extra $2.5 trillion between March 2020 and January 2022, according to the latest report by The Hamilton Project, an economic policy initiative within the Brookings Institution. Households built up this “excess savings” — […]
9 ways to invest $1K or less in real estate
At the risk of stating the obvious, real estate costs a lot. That makes it expensive to invest in and difficult to diversify among real estate investments. The median home price in the U.S. is […]
Can you afford a classic car?
Most people buy cars for practical purposes. They need transportation to get to and from work and to run errands around town. But for classic car enthusiasts, a car can be a collector’s item that […]
You won’t believe how much these Russian superyachts cost
Reports about the superyachts of sanctioned Russian billionaires being frozen or detained came a dime a dozen in the aftermath of the invasion of Ukraine by the country at the end of February. After […]
The best dividend stocks under $5
Stock prices come in all sizes. A few trade above $1,000 per share, such as Amazon.com (AMZN) and Alphabet (GOOG). Meanwhile, Warren Buffett’s Berkshire Hathaway (BRK.A) currently trades above $500,000 per share. Most companies do […]