Today: 5. Nov, 2024
Although the general advice is to avoid carrying a balance on your credit card, there are some specific scenarios where doing so could actually be a smart financial move. Credit cards are commonly used for everyday expenses, and while they offer perks…
Participating in “No Spend September” is a growing trend, especially for those aiming to take control of their finances. Inspired by the social media hashtag #nospendchallenge, people commit to a whole month of avoiding non-essential purchases. For many, including New Yorker Victoria…
In today’s fast-paced world, a checking account plays a crucial role as a secure repository for our hard-earned money, ready to cover daily expenses and bills. However, recent financial advice suggests that maintaining an excessive balance in your checking account may not…
How much should you set aside for your golden years? Milwaukee-based Northwestern Mutual’s recent survey suggests $1.27 million. Yet, the ‘Perfect Number’ varies for each individual. Many factors come into play: potential life happenings, inflation trends, the unpredictability of the stock market,…
The uptick in benchmark interest rates by the Federal Reserve during 2022 and 2023 might not be favourable for borrowers, but it spells positive news for savers. The present scenario enables those opening new accounts to secure attractive rates on various financial…
Despite the decrease in inflation rates, many remain concerned as they remain elevated. The Bureau of Labor Statistics reveals a 5% inflation rate for the 12 months until March 2023. Although an improvement from the 8.5% inflation observed from March 2021 to…
According to recent data, the estimated amount Americans believe they’ll need for a comfortable retirement is on the rise. This brings up important questions about individual retirement planning. Every individual has unique retirement dreams and needs; unsurprisingly, these vary significantly. Nevertheless, most…
