Summertime can lure us into spending more money simply because our usual habits and routines are disrupted. Kids are out of school and desperate for entertainment. Adults are eager to spend time outdoors after months […]
Both your income and your debt determine how much house you can afford. Mortgage lenders plug these figures into certain calculations and ratios to come up with the loan amount they’re willing to offer. […]
Rates of reckless driving behavior have risen dramatically across the country during the past two years with few signs of slowing down.[1] While such elevated rates started during the early stages of the COVID-19 pandemic — […]
In an ever-changing world where social media, video calls, and texting have become the norm, we all need to stay connected with our loved ones. With these shifts in communication, seniors are at risk […]
If you’re eligible for a health savings account (HSA), it’s a terrific way to save money now and accumulate wealth for the future—if you understand the rules. Last year, the CARES Act expanded the […]
Many Americans struggle to save money but it’s worth the effort since there are serious downsides to not stashing away cash. These can range from going into debt, facing financial hardship after losing your job, […]
A country’s wealth is often determined by its GDP per capita. This is the average amount of money that each person in a country earns in a year. It takes into account both the number […]
They’re calling it the Great Unretirement. Millions of people who retired in the last decade, and particularly since COVID, are seeking to return to work in the interest of gaining a little more financial security as […]
Real estate investing is a tough business. Stiff competition for deals, complicated legal and financing procedures, and the risks of problem renters have always meant that owning investment properties is not for the faint […]
After more than two years of working remotely, many employees now find themselves returning to the long-lost office where they once spent their workdays. Whether you have to reluctantly drag yourself back or you’re […]
Each of us has our own agenda in terms of what makes stashing our cash away worthwhile. For some of us, it’s the anticipation of doing something fun or buying something beautiful. For others, it’s […]
It’s a classic dilemma faced by car shoppers: Buy new, or buy used? But as climate change fuels the popularity of electric vehicles and the world’s automakers roll out revolutionary EV models, another emerging […]
Though home prices have risen significantly over the past two years, paying $1 million or more for a house may still seem excessive to most Americans. However, just because million-dollar homes aren’t common throughout the […]
Not only does Texas offer fiscal incentives (did someone say “no state income tax”?), affordable housing, and a low cost of living, but it’s also the second most diverse state in the country and boasts cities and […]
Hot Hike Summer It’s hard to believe we’re only four hikes and just over four months into this hiking cycle. The Federal Open Market Committee raised its target policy rate by another 75 basis […]
Many Americans improved their financial habits during the pandemic by cutting expenses and paying down debt, but those habits are slipping in 2022, according to research from Northwestern Mutual. The 2022 Planning and Progress Study, […]
The COVID-19 pandemic altered the landscape of the U.S. economy. Significant government relief and rock-bottom interest rates helped households build wealth, even as an inflation spike eroded their money’s real value. In the first quarter […]
Editor’s Note: Updated for July 2022. Just under half of Americans think President Joe Biden is highly responsibility for the current inflation trend, according to a YouGov and The Economist survey reported by Statista. […]
Believe it or not, it’s time to start thinking about back-to-school shopping! No matter how well your kids care for their gear, they always need more for the coming school year. Toss in the long lists […]
Fewer than half of U.S. workers are aware of a tax credit that’s “almost too good to be true,” says Catherine Collinson, CEO and president of the Transamerica Institute and Center for Retirement Studies. The […]
Crypto scams have cost investors more than $20 billion over the last five years. In 2021, a new type of scam made up roughly a third of the $7.7 billion lost that year: rug […]
If you have a large upcoming expense, such as a big move, home renovation, or major medical cost, you may find yourself in need of more cash than you currently have sitting in the […]
No doubt, it’s important to save money for a rainy day. But once you’ve stashed some cash away, it can be hard to know what exactly qualifies as a rainy day and gives you […]
Americans who want to stock up on food staples at the supermarket have to shell out significantly more for those items than a year ago. Increases in the consumer price index have made all sorts of goods […]
Amid a 40-year inflation high, borrowing is getting more expensive. Last month, the Federal Reserve raised the federal funds rate by three-quarters of a percentage point, its biggest hike in nearly 30 years. Consequently, […]
While simply hearing the word “budget” can send even the most laid-back person into a panic, setting a budget is really an essential step in taking control of your personal finances. Don’t believe us? 3 […]
You’re working hard at your job day after day and you’re far from extravagant, yet it’s a strain to pay bills and you’re falling short on savings goals. At this point you may well wonder, […]
Who doesn’t want to retire early? If you have $1 million stashed away by age 55, you may feel like you have enough to leave the rat race and ride out your golden years. […]
Many people seem to feel their money vanishes almost as soon as they get paid. But of course, that’s not the case. They just aren’t spending their money wisely. Being wise with your […]
You’ve heard the term old money. But what is old money, anyway? And if there’s such a thing as old money, then what is new money? And what’s the difference between the two? Let’s dive in and learn […]