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Over the summer, food and household supply prices are expected to rise as much as 15%. According to the average American household budget from the Bureau of Labor Statistics, the combined expense of food, household operations, and housekeeping supplies was $10,505 in 2019. A 15% jump in that number means the average American household is […]
How To Save When Food Costs Go Up Read More »
It’s common sense. A person buying a new home wants the price to be as low as possible. A person selling a house wants the price to be as high as possible. Where they meet in the middle is when a house sale happens. Sometimes, though, things favor the buyers, and other times, things favor
Will There Be a Buyer’s Housing Market in 2021? Read More »
Please Note: The 80,000 welcome bonus is no longer available. This past fall, Chase offered a uniquely large welcome bonus, 80,000 points (worth up to $1,000), for signing up for their Chase Sapphire Preferred Card. Well, the marketing worked on me — I love exclusivity and a good deal. I didn’t have a travel rewards
How I Hit My 80,000 Chase Bonus in One Month Read More »
Record unemployment rates, a wild swing in America’s GDP and homeownership rates increasing month over month. Despite these examples of economic volatility of 2020, another surprising number emerged — America has now reached an all-time average high credit score. Experian’s latest Consumer Credit Review highlights new trends regarding credit. Not only does the credit score
How Does Your Credit Score Compare to Your State’s? Read More »
For the third week in a row, GameStop stock dramatically spiked and continues to resist short sellers. We know what you’re thinking: wait, GameStop is still in business? The struggling retailer welcomed Chewy Co-founder and former CEO Ryan Cohen to its board on January 11 with a 9% stake that he later upped to 13%.
GameStop Stocks Hit Record High. Should You Buy? Read More »
It’s official. DACA recipients who legally work in the U.S. can now apply for mortgages backed by the FHA. The Department of Housing and Urban Development put an end to years of confusion and controversy surrounding Dreamers’ eligibility for FHA-backed mortgages. Making Wednesday is the first day since the formation of the DACA program that
DACA Recipients Can Now Apply for FHA Mortgages Read More »
Annual salary increases in 2021 are more vital than ever after a year of volatile economy and job market changes. A new The Simple Dollar survey found that 70% of employed U.S. adults say a pay increase would be important for their household’s financial wellbeing. Despite this, about 40% of respondents are not expecting a
70% of Working Americans Need a Pay Increase This Year Read More »
If you own a home and are making monthly payments, you have probably read over the breakdown of your monthly mortgage charges once or twice. Your mortgage payment likely breaks out your monthly payment into three parts: principal, interest and funds that go to your escrow account. While you likely know that the principal is
Mortgage Escrow Account: Pros and Cons Read More »
Investing in the stock market is a risky endeavor. Not only does it come with the inherent risk of investing in stocks and their fluctuating value, but the stock market is also a place where scams can take place, fooling and ripping off the unaware. One of the most historically popular of these scams is
The Pump-and-Dump Stock Scam, Explained Read More »
Twenty-twenty has taken its toll on the average retirement savings, according to a new study by Kiplinger’s Personal Finance magazine and Personal Capital, an online financial advisor. More than half of Americans are dipping into their savings, with 60 percent using their IRAs and 401(k)s to get them through the difficulties they are facing from
More Americans are Using Retirement Savings to Cover Expenses Read More »
The average 30-year mortgage rate broke record lows (again) at 2.65%, according to Freddie Mac. This marks the 22 weeks in a row that the average rate has been under 3% and the 17th time records have been broken since the start of 2020. Three of the records were broken in December alone. In response
Mortgage Rates Hit Another 50-Year Low. Should You Buy? Read More »
Taking out a personal loan can be a helpful way to fund a variety of financial needs, like debt consolidation, medical expenses or even everyday expenses if you’ve lost your job. Online lenders, credit unions and traditional banks all offer a variety of $10,000 personal loan options. Many of them even make it easy to
The Best $10K Personal Loan Options Read More »
In his new book, Svein Harald Øygard uses the invaluable financial lessons he learned as Central Bank Governor of Iceland during the 2008 financial crisis to analyze risk in the world of finance and economics. Iceland became an extreme example of financial ruin when the financial crisis hit. Øygard took on the role of Central
How Iceland Can Teach Us A Lesson in Risk from the 2008 Financial Crisis Read More »
The best law school loans of 2020 Best Member Perks: SoFi Best for Good Grade Rewards: Discover, Member FDIC Best for Longest Grace Period: Earnest Best for Multi-Year Approval: Citizens One Best for Bar Exam Studying: PNC Bank Most Repayment Term Options: College Ave The best law school lenders at a glance Lender Loan Amount
The Best Law School Student Loans Read More »
Personal loans can help you fund home improvement projects, weddings, debt consolidation and other personal life events. Before running to a big-box financial institution, consider applying for your next personal loan from your local credit union. Because of their non-profit structure, the best federal credit unions can offer flexibility and rates not possible through traditional
The Best Credit Union Personal Loans of 2020 Read More »
The problems people face during the pandemic aren’t only financial — everything is entangled with emotions. It’s what Sarah Nadav’s new book, What the F*CK Should I Do Now?: How to Manage your Money when Everything You Thought You Knew Stops Making Sense, addresses. Who better to write a book during the pandemic than Nadav, a
Navigating the Pandemic, According to Sarah Nadav Read More »
Having trouble coming up with a down payment on your home? Down payment assistance programs could be available to help you out. The post Down Payment Assistance: How to Get Help Buying a House appeared first on The Simple Dollar. #financialfreedom #money #entrepreneur #business #finance #investing #financialliteracy #success #investment #wealth #motivation #financialindependence #passiveincome #personalfinance #realestate
Down Payment Assistance: How to Get Help Buying a House Read More »
2020 has been a hard year for many, and there are certainly many reasons to not feel the Christmas spirit — it may have born a few extra Grinchs this year. If the Grinch really did steal your Christmas, would your home insurance cover replacing all those gifts and decor? Probably! Furry green burglars are abundant
Would Your Home Insurance Cover the Grinch Stealing Christmas? Read More »
Congress has finally passed a second stimulus package to combat the massive COVID-19 economic impact. The $900 billion package covers stimulus checks, unemployment boost, small business aid, school and public health funds, rental and nutrition assistance and a ban on surprise medical bills. Many Americans feel the proposed measures are not enough. Here’s what made
Here’s What You’ll Get from the $900 Billion Stimulus Package Read More »
With a Friday deadline looming over lawmakers’ heads, the latest stimulus package seems closer than ever. But nothing has been signed just yet. The $900 billion stimulus proposal didn’t originally include direct payments to Americans, though the latest word from Congress tells us checks will be included after all — even if they’re only half
As Stimulus Talks Drag, Is A $600 Check Enough? Read More »