CD rates can be volatile. We explore CD rate fluctuations over the past 55 years, break down their causes, and give our best guess as to where they’ll go from here.
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Almost 2 million Americans live on minimum wage, which despite inflation hasn’t increased since 2009. But is that a living wage? Explore the ins and outs of living on just $7.25 per hour through both a fictional American named Kai and the stories of real-life Americans who do it every day.
It’s easy to get caught up in the excitement of wedding planning. Things like the venue, decor, food, and wedding attire can make it a truly magical time — until the bill arrives. Talking about your wedding budget probably isn’t a conversation you’re looking forward to. But it’s a necessary one. Before viewing locations or
When you take a big step in your relationship – like getting married – it’s natural to merge your finances together. This is known in the financial world as joint ownership. Joint ownership is very common, especially for spouses or trusted partners. Being joint owners on a checking account, savings account, or home loan is
An unsecured credit card is what you typically think of when someone mentions the term, “credit card”. It allows you to make large purchases and pay them back over time. They also often come with rewards programs like air miles and cashback. Because it’s ‘unsecured’, credit card issuers won’t ask you to put down any
Investing in the stock market is one of the best ways to build wealth over the long term, but it can be complicated and stressful to get started if you’ve never invested before. The good news is that investing is more accessible than ever. Years ago, you had to work with stockbrokers who charged heavy
When newcomers start to invest, one of the first lessons they come across is a lesson on diversification. Just about every article with tips on reaching investing success talks about diversification in investing. On the other hand, some of the world’s most well-known investors advise against a diversified portfolio. Even the great Warren Buffett was
When you start investing for your future, it may be difficult to decide how you should invest your money. After all, if you don’t know the key differences between stocks vs. bonds, how will you be able to decide? For most investors, the best decision is to invest in a mix of stocks and bonds.
The consequences of “financial risk” became apparent to many investors during the two-year period from 2007 to 2009. The stock market (as measured by the S&P 500) plummeted from 1562.47 on October 10, 2007, to 752.44 on November 20, 2009. As a consequence, many people lost more than one-half of their retirement savings. The coronavirus
Investing is an important part of saving for the future. One of the hardest parts of investing is building a portfolio of stocks and bonds that you’re happy with. Mutual funds are a way to easily invest in pre-built portfolios. What are Mutual Funds? Mutual funds are a type of investment that you can use
Cash Back on credit cards is a customer rewards system, first introduced by a division of Morgan Stanley all the way back in 1986.[1] A percentage of all money borrowed on the credit card is returned either as a bank deposit or as a ‘statement credit’ (meaning a deduction from your next credit card payment).
Making large purchases can be daunting. But if you have the best credit cards for large purchases, you can reduce the stress of juggling finances together for a large purchase and earn valuable rewards as well! In this article, we’ll be looking at a selection of the best credit cards that can be used for