August 2024

Cities Where Millennials and Gen Z Have the Highest Credit Card Debt

Credit card balances are increasing for just about everyone, but younger consumers are seeing average balances spike faster than others, Experian data shows. As of June 2024, average credit card balances for millennials have grown by 8.7% to $6,819 and by 8.2% to $3,407 for Generation Z consumers annually, outpacing the balance growth among older […]

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Smart Money Podcast — Planning for Pet Emergencies: Vet Budgeting Tips to Avoid Financial Stress

Ronita Choudhuri-Wade writes for NerdWallet. Email: rcwade@nerdwallet.com. Sean Pyles writes for NerdWallet. Email: spyles@nerdwallet.com. Twitter: @SeanPyles. The article Smart Money Podcast — Planning for Pet Emergencies: Vet Budgeting Tips to Avoid Financial Stress originally appeared on NerdWallet. https://www.nerdwallet.com/article/finance/smart-money-podcast-planning-for-pet-emergencies-vet-budgeting-tips-to-avoid-financial-stress #financialliteracy #financialfreedom #finance #financialindependence #personalfinance #money #financialeducation #investing #financialplanning #entrepreneur #debtfree #wealth #creditrepair #budgeting #investment #debtfreecommunity #credit

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17 Best Quicken Alternatives in 2024 (Free & Paid)

For many years, Quicken was one of the best personal finance budgeting and bill management software programs. But these days, more modern budgeting tools exist. They connect seamlessly with your bank accounts, credit cards, and investment apps using the latest technology. I was once a big fan of Quicken, but let’s accept reality — it’s

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Grandparents do the right thing to care for grandkids, but delay retirement

Expert says the couple’s pensions, investments and government benefits will provide the income they need in retirement https://financialpost.com/personal-finance/family-finance/grandparents-delay-retirement-care-grandkids #financialfreedom #money #entrepreneur #business #finance #investing #financialliteracy #success #investment #wealth #motivation #financialindependence #passiveincome #personalfinance #realestate #stockmarket #debtfree #entrepreneurship #invest #bitcoin #creditrepair #debtfreecommunity #investor #trading #workfromhome #stocks #credit #financialeducation #bhfyp

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Inflation, Wages and Credit—Are Younger Consumers Winning in 2024?

Since 2022, the costs consumers bear have risen significantly. This is the case not only for consumer goods including food and shelter, but for interest payments on their debts as well. Nonetheless, consumer credit markets remain healthy, according to an Experian analysis of data from the second quarter (Q2) of 2024. With unemployment still near

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The Minimum Investment Amount Where Work Becomes Optional

In a previous post, I discussed the futility of working when your net worth is declining. During a stock market crash or recession, your Return on Effort (ROE) for working drops significantly. Therefore, the only way to increase your ROE is to work less, not more. At some point in your life, you’ll reach an

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Virgin Red Credit Card, Issued by Synchrony, Opens Waitlist

Sara Rathner writes for NerdWallet. Email: srathner@nerdwallet.com. Twitter: @sarakrathner. The article Virgin Red Credit Card, Issued by Synchrony, Opens Waitlist originally appeared on NerdWallet. https://www.nerdwallet.com/article/credit-cards/virgin-red-credit-card-issued-by-synchrony-opens-waitlist #financialliteracy #financialfreedom #finance #financialindependence #personalfinance #money #financialeducation #investing #financialplanning #entrepreneur #debtfree #wealth #creditrepair #budgeting #investment #debtfreecommunity #credit #financialadvisor #creditscore #financetips #financialgoals #realestate #debtfreejourney #moneymanagement #creditrestoration #invest #wealthbuilding #creditrepairservices #moneytips #passiveincome

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What to Know About Employment and Your Credit

Some companies conduct background checks when considering applicants for jobs or when evaluating employees for promotions. Sometimes, employers may ask to check your credit as part of their screening process. Employers can’t view your credit score, but federal law allows employers to view a modified version of your credit report. In some cases, they may

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5 Things to Know About the LATAM Credit Card

Sara Rathner writes for NerdWallet. Email: srathner@nerdwallet.com. Twitter: @sarakrathner. The article 5 Things to Know About the LATAM Credit Card originally appeared on NerdWallet. https://www.nerdwallet.com/article/credit-cards/latam-credit-card #financialliteracy #financialfreedom #finance #financialindependence #personalfinance #money #financialeducation #investing #financialplanning #entrepreneur #debtfree #wealth #creditrepair #budgeting #investment #debtfreecommunity #credit #financialadvisor #creditscore #financetips #financialgoals #realestate #debtfreejourney #moneymanagement #creditrestoration #invest #wealthbuilding #creditrepairservices #moneytips #passiveincome

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Empower Personal Dashboard [Personal Capital] Review 2024 – How I Track My Investments in 15 Minutes a Month

Empower Personal Dashboard helps me manage all of my money, including investments, in only a few minutes a month. Many free budgeting and investing tools are beneficial to those ready to boost their net worth and retirement savings plan. My Empower review highlights the multiple tools that can help you save time by no longer

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Details on capital gains changes finally released, but Canada is still in bad shape

Kim Moody: Draft legislation comes almost two weeks later than promised https://financialpost.com/personal-finance/taxes/trudeau-details-changes-capital-gains-rates #financialfreedom #money #entrepreneur #business #finance #investing #financialliteracy #success #investment #wealth #motivation #financialindependence #passiveincome #personalfinance #realestate #stockmarket #debtfree #entrepreneurship #invest #bitcoin #creditrepair #debtfreecommunity #investor #trading #workfromhome #stocks #credit #financialeducation #bhfyp

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How Many Hard Inquiries Is Too Many?

Hard inquiries in your credit report might hurt your credit scores, but there’s no specific rule for how many inquiries are too many. Depending on why the hard inquiries occurred and the type of credit score, some hard inquiries may not affect your score much at all. Even when they do affect your scores, hard

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The Pointlessness of Working When Your Net Worth Is Declining

The latest stock market correction cost me about five times what I made consulting part-time for four months. If I were smarter, I would have sold 100% of my rollover IRA before stocks started to tumble, then bought back in several weeks later. Alas, I don’t possess such acumen. This experience got me thinking about

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Biden Official: Lousy Customer Service ‘Designed For You to Give Up’

Anna Helhoski writes for NerdWallet. Email: anna@nerdwallet.com. Twitter: @AnnaHelhoski. The article Biden Official: Lousy Customer Service ‘Designed For You to Give Up’ originally appeared on NerdWallet. https://www.nerdwallet.com/article/finance/biden-harris-time-is-money #financialliteracy #financialfreedom #finance #financialindependence #personalfinance #money #financialeducation #investing #financialplanning #entrepreneur #debtfree #wealth #creditrepair #budgeting #investment #debtfreecommunity #credit #financialadvisor #creditscore #financetips #financialgoals #realestate #debtfreejourney #moneymanagement #creditrestoration #invest #wealthbuilding #creditrepairservices

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15 Strong Arguments for Why People Need Disability Insurance

Is your income ready to catch curveballs when life throws them? Accidents, and illnesses – they can happen to anyone, anytime. Don’t let a broken leg or a sudden health scare become a financial nightmare. Disability insurance can be your financial hero, replacing your income when you can’t work. 1. Accidents Happen (and Age Doesn’t Matter)

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15 Secret Spending Habits Draining High Earners’ Finances

By implementing basic financial management practices, high-income earners can protect and grow their wealth instead of seeing it vanish rapidly. Many high earners neglect to budget properly, assuming their substantial income will cover all expenses without tracking where their money goes. 1. Use Multiple Accounts for Goals Creating specific accounts for distinct goals simplifies financial

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CFPB Issues New Rules for BNPL, Requiring Some Credit Card Protections

The Consumer Financial Protection Bureau (CFPB) issued an interpretive rule on May 22, 2024, and announced that it considers buy now, pay later (BNPL) lenders to be credit card issuers. The new rule is important because it requires BNPL providers to give consumers certain protections and disclosures that are available with conventional credit cards. Here’s

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15 Approaches Tiny Homes Take to Amplify Retirees Savings

By embracing tiny house living, retirees can achieve greater financial freedom and enjoy a simpler, more affordable retirement. Additionally, the minimalist lifestyle encouraged by tiny house living reduces spending on unnecessary items and promotes a focus on experiences rather than possessions. 1. Less House, Less Mortgage This one’s a no-brainer. Tiny houses typically cost a

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7 Ways to Reload Your Cash App Card

Cash App is an app and debit card that allows you to spend, transfer money, and invest. You can even play online games that pay instantly to Cash App. However, one of people’s biggest questions before signing up for Cash App is how to reload their card. The good news is that there are several

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CRA wins in court as woman fails to justify RRSP overcontribution

Ordered to pay penalty and tax agency’s costs https://financialpost.com/personal-finance/cra-wins-court-rrsp-overcontribution #financialfreedom #money #entrepreneur #business #finance #investing #financialliteracy #success #investment #wealth #motivation #financialindependence #passiveincome #personalfinance #realestate #stockmarket #debtfree #entrepreneurship #invest #bitcoin #creditrepair #debtfreecommunity #investor #trading #workfromhome #stocks #credit #financialeducation #bhfyp

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