We provide practical steps for tackling credit card debt, emphasizing the importance of setting clear goals, assessing debt, and exploring ways to lower interest rates. It highlights strategies such as cutting unnecessary spending, increasing income, saving for emergencies, choosing a repayment strategy, and setting a deadline to achieve financial freedom.

More older adults are facing debt in retirement, with 65% of those aged 65 to 74 and 53% of those over 75 reporting debt. This situation is challenging due to limited retirement incomes. However, there are effective strategies to manage and reduce debt later in life.

The federal minimum wage in the United States has remained unchanged at $7.25 per hour since 2009. This stagnation has prompted numerous cities and states across the country to take action by raising their minimum wages independently. These local adjustments reflect efforts to better align wages with the cost of living, which varies significantly from one region to another.

This article outlines essential information for taxpayers facing unpaid taxes, including the IRS’s plan to resume collection notices in 2024 and the availability of payment plans for those owing significant amounts. It highlights the value of professional assistance in dealing with complex tax issues and warns against scams promising unrealistic tax debt reductions. Additionally, it discusses the benefits of simple, transparent tax filing options that offer maximum refunds and faster filing processes.

Depositing a check online offers a convenient way to add money to your bank account. Most mobile deposits clear within a day, but a variety of factors can cause delays. This article explores the typical timeline for mobile deposits — including reasons for delays and tips to avoid them — as well as the benefits of mobile banking and alternative payment methods.

Joint personal loans enable two co-borrowers to apply for a single loan, sharing both the proceeds and the responsibility for repayment. This article provides insights into understanding joint personal loans, the application process, when it’s a good idea to apply, and alternatives to consider.

There are multiple ways to transfer money from a gift card to a bank account, and each method has its own advantages and drawbacks. By understanding your options, you’ll find it easier and more convenient to manage your gift card balances and access your funds.

During a recent “Fed Listens” event, Federal Reserve Chair Jerome Powell and other Fed governors heard firsthand about the challenges and pressures faced by various sectors due to the Fed’s interest rate hikes. These developments are important for financial institutions and investors alike, as they navigate the changing interest and CD rates and seek to balance investment growth with inflation control.

SuperMoney has again been awarded the “Best Financial Product Comparison Service” in the FinTech Breakthrough Awards program for 2024. This award highlights the most innovative companies and products within the fintech industry. SuperMoney’s expansive comparison platform empowers users to seamlessly compare rates, terms, and fees across a diverse array of financial products. This accolade reaffirms the company’s unwavering commitment to promoting financial transparency and mitigating financial stress.

Chime introduces a free in-app tax filing feature to millions of members, offering a seamless and truly free option for tax filing. Members can file both state and federal taxes directly through the Chime app, with no hidden fees and a maximum refund guarantee.