People tend to think of “inflation” as a dirty word and a phenomenon to avoid. But a gradual increase in prices and wages over time is inevitable and — if kept in check — positive for the overall economy. What is inflation, what causes it, and what does it mean for you? Learn all about it here.
You can’t buy a house or refinance your current mortgage without locking in your interest rate and finalizing your expected principal and interest payment. But when exactly should you do that? Learn when it makes sense to lock your mortgage rate and your options for doing so.
If you’re like me, the student loan payment pause is a huge burden off your shoulders. Even enrolled in an income-driven repayment plan, I typically have to pay nearly $700 per month on top of all the other typical monthly expenses. And as a parent with a little mouth to feed, it’s a lot. But
Managing the high costs of infertility involves obvious saving methods like insurance and prescription drug savings, though there are other ways, such as crowdfunding or grants and finding a job with infertility benefits. There are riskier options available, but you should consider those carefully before opting in.
If the TV talking heads are talking about interest rates again, you’re probably wondering how that affects you. Learn how the federal funds rate affects your daily life and why they change it in the first place.
If you already have a private student loan, there are even more ways to reduce your rate, though some may take time. For example, improving your credit score may take several years. But you can also opt to apply with a creditworthy co-signer, choose a shorter repayment term, take advantage of loyalty programs, and negotiate
Varo is a low-fee online bank designed to help with your everyday spending and saving needs. Although the kinds of accounts it offers are not as comprehensive as larger financial institutions, Varo is definitely worth a look, especially for people beginning or restarting their financial journeys.
Student loan debt is growing six times faster than the United States economy, according to EducationData.org. For parents who want to help with their kid’s college tuition, that’s a worrying thought. But as with retirement savings, the government offers a few tax-advantaged accounts to help you save and invest money for higher education, including the
Unaffordable health insurance premiums have forced many Americans to choose insurance plans with high deductibles. Thankfully, you can set aside money tax-free in a health savings account (HSA) to cover out-of-pocket medical costs. Read on to learn how HSAs work and whether they’re right for you.
Your high school curriculum probably didn’t cover compound interest, but you need to understand it nonetheless. Money builds on itself over time. Once you understand it, you’ll want to invest more of your money to put it to work on your behalf. Learn how compound interest works to build wealth.
Health savings accounts (HSAs) are an important tool for millions of Americans with high-deductible health insurance plans. They can also provide a tax-efficient vehicle for long-term investing and saving for future medical needs. Read on to learn how to find the best HSA administrators.
For many parents these days, saving for their child’s college education seems like a necessity. Financial aid and scholarships rarely cover 100% of the cost of higher education, and with the price of a college education rising along with awareness of the burden of student loans, some parents consider saving for their child’s college a part
