Jar of coins with a plant growing out of the top

Article Summary: Money market accounts and CDs both allow you to earn a bit of extra money on your savings. But despite their similarities, they’re best suited for different financial goals. When looking for a place to store their savings to earn extra cash, many people turn to savings accounts. But those aren’t your only […]

Young woman looking questioningly to the side

Article Summary: A savings account can be an excellent way to build your emergency fund and save for financial goals, all while earning a return on your savings. That being said, there are some downsides to savings accounts as well. Depending on your financial goals, for instance, you may find it best to put some […]

Wooden house model sitting on top of a stack of money with a pen and calculator in the background

Article Summary: Lenders usually require two years of employment history to qualify for a mortgage. However, there are some ways around this rule if you’ve recently changed jobs or haven’t been in the workforce long enough to qualify. The home-buying process can be lengthy. Even after you found your dream home and had an offer […]

Large manor with an open yard next to a tall tree

Article Summary: The payments on a $1 million and $2 million mortgage are respectively more than $5,000 and $10,000. But when you account for homeowners insurance, property taxes, and other expenses of owning and maintaining a home, your costs will be even higher. Nationwide home prices have been increasing dramatically for years. According to Zillow […]

Two computer screens showing stock charts in front of two people pointing at screen

Article Summary: Reinvested dividends are taxable, just as if you received them in cash. However, certain dividends are subject to lower tax rates than others, and there are ways to reduce or eliminate these taxes. Dividends are one of the biggest perks of stock investing. In addition to the increase in value your stocks are […]

Two sacks with dollar signs opposite house model on scale

Article Summary: A DSCR loan — short for debt service coverage loan — is a mortgage available to individuals to help them purchase investment properties. Whereas traditional mortgage lenders review your income to determine your eligibility, DSCR lenders instead look at the investment property’s cash flow. Real estate has long been one of the most […]

Man carrying two moving boxes with a pile of moving boxes in the background

Article Summary: Moving out of state can cost thousands of dollars, but there are a few things you can do to get it done cheap. These include saving money early, finding free boxes and moving supplies, and even completing the move yourself without the help of professional movers. If you’ve ever moved before, you probably […]

A young woman holding cash and a credit card

Article Summary: Buyer’s remorse happens when you feel regret over guilt after making a purchase. This can be over a larger purchase, like a new car, or something small that you don’t necessarily need. Fortunately, there are several strategies you can implement to avoid or minimize this stressful feeling. You can relate to this experience: […]

Two hands shaking with a smiling woman in a business suit in the background

Article Summary: A merit increase is a bump in pay to reward and acknowledge an employee for their achievements. These raises are important for both workers and companies because they can improve morale, production, and employee retention. After you’ve been in a job or career for a few years, it’s natural to expect a pay […]

Increasingly large stacks of coins leading to a small house model with a hand above above to place a coin into the house

Article Summary: You can use a home equity loan for just about anything, including buying a car. But there are some downsides to consider. If you’re in the market for a new or used car, then you’re probably thinking about how you’ll pay for it. In 2022, the average used car price is more than […]

A seller or agent's hand places new home keys into the hands of a buyer

Article Summary: In real estate, free and clear refers to full and complete ownership of a piece of property. A home becomes free and clear often after paying off a home loan that gave a lender a claim to the property. However, additional assets (such as a car) can also become free and clear if […]

Bride and groom holding hands

Article Summary: Marriage doesn’t directly impact your credit score, meaning you’re unlikely to see a change as soon as you tie the knot. However, even though you and your partner won’t share a credit report or score, there are some ways that marriage can affect your credit, both for good and bad. It’s no surprise […]

Smiling banker in business attire with documents

Article Summary: Bank guarantees and letters of credit both ensure that parties in a transaction will receive the payments they were promised. However, there are some key differences in how they work and when they are likely to be used. While a bank guarantee only requires a financial institution to pay if the buyer fails […]

Hands typing on a laptop keyboard while holding a credit card

Article Summary: Letters of credit and lines of credit are completely different things. The main difference is that a letter of credit is a guarantee from a bank or another financial institution that a vendor will get paid if certain conditions are met and a line of credit is an account that allows you to […]

Woman holding a credit card and coffee cup looking at a laptop

Article Summary: Credit card rewards are typically not taxable if you have to meet a spending threshold to earn them. This is the case for your personal credit card as well as any cards you use for business expenses. But there are some exceptions, so be sure to read the fine print. For instance, if […]

Young woman looking questioningly to the side

Article Summary: A college coach, such as Parents Countdown to College Coach, can help you navigate the college admissions process if you find it too complicated or confusing on your own. However, not everyone needs to hire one to get into a good school. Preparing for college can be a daunting time for high school […]

Two people at opposite sides of a table reviewing financial statements

Article Summary: To live below your means, first create a realistic and comprehensive budget. You can then start tracking your spending and identify unnecessary expenses that to cut out of your finances. By living below your means, not only can you help your current situation, but you can also plan for an easier retirement. If […]

Hand using a pen to point at computer screen showing stock charts

How to Invest in the Metaverse

Article Summary: You can invest in the metaverse through metaverse cryptocurrencies, ETFs, and even real estate. Because of how new the metaverse is, these digital assets have the potential for incredible growth, but also the potential for extreme volatility. If you’ve been following pop culture at all over the past year, then you’ve probably heard […]

Calculator on top of a budgeting spreadsheet with an uncapped pen in the background

What is Consumption Smoothing?

Article Summary: Consumption smoothing is the concept of allocating your resources in a way that allows you to maintain your spending power over your lifetime, rather than living paycheck-to-paycheck. A recent study by OnePoll and AmeriLife found that roughly 70% of Americans report living paycheck-to-paycheck. This number is troubling, to say the least. Not only […]

Hands typing on a laptop keyboard while holding a credit card

Article Summary: The 15/3 credit card hack can help you lower your credit card utilization and boost your credit score. The hack involves making one credit card payment 15 days before the due date and a second payment three days before the due date. You then pay any remaining balance the day before or day […]