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In 2010, I quit my job to work on my first personal finance blog. My job was great. I was a software engineer at Booz Allen Hamilton and was well paid. Our clients were government agencies with multi-year contracts doing very important work. I liked everything about the job except when I had to commute […]
Why I Love Dividend Investing Read More »
Since the Silicon Valley Bank implosion, a lot of people have begun to wonder if their money is truly safe in banks. Fortunately, there are systems in place to ensure bank failure doesn’t lead to the types of personal catastrophes we saw during the Great Depression. The post Is Your Money Safe in U.S. Banks
Is Your Money Safe in U.S. Banks and Credit Unions? Read More »
Suddenly need a major infusion of cash? A line of credit may be a cheaper and more convenient option than loans or credit cards. But it comes with its own downsides. Find out more about credit lines before opening one. The post Line of Credit — What It Is, Meaning, Types (HELOC & Others) appeared
Line of Credit — What It Is, Meaning, Types (HELOC & Others) Read More »
In 2003, I graduated Carnegie Mellon University with about $35,000 in student loan debt. It was a mix of federal mostly subsidized and a small percentage of unsubsidized loans. If my memory is correct, it was mostly Stafford loans with a small Perkins loan mixed in. The interest rate was low and servicing the debt
Should College Be Free? Read More »
Earning credit card rewards can be hard work, and redeeming them is a whole ‘nother thing. But take a deep breath. Picking a credit card that works for you instead of costing you starts by determining the true value of the rewards you’re earning. The post How to Determine the Value of Credit Card Rewards
How to Determine the Value of Credit Card Rewards Read More »
Credit card sign-up bonuses can offer you an extra few hundred dollars just for spending normally. And you can likely find one that works for your spending habits. But are they worth it? To figure that out, you need to know how they work and how to evaluate them. The post Are Credit Card Sign-Up
Are Credit Card Sign-Up Bonuses Worth It? — Maximize Rewards Read More »
If you’re ready to teach your child about money management, giving your child their own debit card and allowance gets them off to a good start. But there are advantages and disadvantages. The post Opening a Child’s Bank Account (At a Young Age) — Pros & Cons appeared first on Money Crashers. https://www.moneycrashers.com/opening-childs-bank-account-pros-cons/ #financialliteracy #financialfreedom
Opening a Child’s Bank Account (At a Young Age) — Pros & Cons Read More »
Tastytrade is an excellent online brokerage for experienced, active traders, though its lack of support or education makes it inappropriate for everyone else. But even for the semi-pros, it isn’t perfect, so research it well before making it your platform of choice. The post Tastytrade Review — An Online Platform for Active Traders appeared first
Tastytrade Review — An Online Platform for Active Traders Read More »
Most of the articles on this site are geared towards folks who are around the start or mid-point of their working years – partly because that’s my perspective. From time to time, I have folks near or in retirement ask me questions about Social Security. I want to admit right at the front that I’m
Should I Delay Taking Social Security? Read More »
Securing a great savings account interest rate is one of the easiest ways to earn income on your cash deposits. However, with so many banks and savings accounts to choose from, the process can be time-consuming. Raisin is a relatively new savings account platform that can simplify the research process because they partner with FDIC-insured
Raisin (SaveBetter) Review 2023: Is Raisin Legit? Read More »
A gas rewards credit card can help you save at the pump. But maximizing its rewards takes some work. The post Gas Rewards Credit Cards — How to Get the Most Out of Them appeared first on Money Crashers. https://www.moneycrashers.com/gas-rewards-credit-cards-get-most/ #financialliteracy #financialfreedom #finance #financialindependence #personalfinance #money #financialeducation #investing #financialplanning #entrepreneur #debtfree #wealth #creditrepair #budgeting #investment
Gas Rewards Credit Cards — How to Get the Most Out of Them Read More »
Your transaction seems to be taking forever to process as the line at the register grows behind you. The terminal emits a loud beep and that dreaded word, “declined,” appears on the screen. Now what? The post Why Was My Credit Card Declined? — Reasons & How to Stop It appeared first on Money Crashers.
Why Was My Credit Card Declined? — Reasons & How to Stop It Read More »
Monzo is a budgeting and banking app. Its savings pots and ability to fully integrate other bank accounts draw lots of interest, but it has some crucial drawbacks that make the company with the signature bright orange debit card the wrong choice for some consumers. The post Monzo Review — The Future of Digital Banking?
Monzo Review — The Future of Digital Banking? Read More »
SaveBetter, known for partnering with smaller regional banks to offer high interest rates on savings, money market, and CD accounts; is “changing” its name to that of its parent company – Raisin. Raisin GmbH is SaveBetter’s parent company. They’ve been operating out of Europe since 1973 and have partnered with ~400 banks across 30 countries.
What Happened to SaveBetter? Read More »
This post will cover the best 5-year CD rates that we know about but I want to add a caveat – I don’t think a 5 year CD at these rates makes a whole lot of sense. We are currently in a rising interest rate environment. The Federal Reserve has been increasing interest rates for
Best 5-Year CD Rates – 4.75% APY (May 2023) Read More »
Discover Compound Real Estate Bonds, a financial technology company offering a high-yield, liquid alternative to traditional savings accounts. The post Compound Real Estate Bonds Review appeared first on Money Crashers. https://www.moneycrashers.com/compound-real-estate-bonds-review/ #financialliteracy #financialfreedom #finance #financialindependence #personalfinance #money #financialeducation #investing #financialplanning #entrepreneur #debtfree #wealth #creditrepair #budgeting #investment #debtfreecommunity #credit #financialadvisor #creditscore #financetips #financialgoals #realestate #debtfreejourney #moneymanagement
Compound Real Estate Bonds Review Read More »
I’ve been following certificates of deposit for a while now. Yes, I’m a weirdo. People love 12-month CDs and 60-month CDs (5 years) because they’re easy to think about. We like the 3-month, 6-month, and 9-month terms because they’re nicely spaced out. Sometimes people will consider a 24-month CD too. But lately banks have been
Why Do Banks Offer “Weird” Term Length CDs? Read More »
Have you ever wondered how much money you should be saving? Unfortunately, the answer to that question isn’t always as obvious as you might think. Savings rates for individuals and families will vary based on a number of factors. Your income, expenses, where you live, and your personality type all play a role in how
How Much of Your Paycheck Should You Save? Read More »
As an American consumer, you have rights when it comes to your credit. From credit score access to the right to prevent fraud, learn about each right you have under the Fair Credit Reporting Act and how to protect them. The post Fair Credit Reporting Act (FCRA) — Rights You Need to Know appeared first
Fair Credit Reporting Act (FCRA) — Rights You Need to Know Read More »
If you’re shopping for your first house or supporting a relative who recently moved abroad, your first wire transfer looms in your near future. That almost certainly means you’re wondering what a wire transfer is. Relax — it’s not as scary as it sounds. The post Wire Transfer Meaning — Domestic & International Money Payments
Wire Transfer Meaning — Domestic & International Money Payments Read More »
