Sticking to an old savings strategy makes putting away money easy, even though I lost 50% of my income to COVID-19
Even though she’s earning less money, she’s still committed to putting 20% of her income in a retirement savings account every month.
Suze Orman says now isn’t the time to worry about credit card debt — save your cash instead
Suze Orman advises saving stimulus money, and taking on credit card debt instead to cover everyday expenses if the pandemic has cut your income.
CIT Bank is an online-only bank that pays competitive rates on checking, savings, CDs, and money market accounts
CIT Bank offers competitive rates with no monthly service fee, and the bank reimburses up to $30 per month in ATM fees.
Where’s my stimulus check? Here’s when your payment should arrive
Where’s my stimulus check? About 140 million people received their stimulus checks by mid-May via direct deposit, paper check, or Direct Express card.
Hiring a retirement adviser might be a good idea if you’re within 10 years of leaving work
If you’re within a decade of retiring, hiring a retirement adviser could help you refine your goals and leverage the tools at your disposal.
What it takes to have an excellent credit score
What is an excellent credit score? Anything above 800, according to the FICO model. People with excellent credit practice a few good financial habits.
Treasury says 4 million Americans should expect prepaid debit cards with stimulus payments. Here’s who gets them and when, and how they work.
The debit card can be used to withdraw cash from an ATM, transfer funds to a bank account, issue a check, or make purchases wherever Visa is accepted.
The average credit card interest rate by credit score and card
In the first quarter of 2020, the average credit card interest rate in the US was 15.09%, according to data from the Federal Reserve.
Here are the best savings accounts right now
The best savings accounts do not charge excessive fees, are easy to access, and earn an interest rate above the national average of 0.09%.
Here are the best money market accounts right now
Each of the best money market accounts has a competitive APY, is FDIC-insured, and is appropriate for modest and super savers alike.
PRESENTING: A real estate investor who was able to retire at the age of 37 breaks down how he makes $15,000 a month in passive income
Dustin Heiner said on “The Side Hustle Show” that it all starts with making sure you get a certain monthly passive income per property.
These are the UK’s 10 financial advisers to watch in 2020
A financial adviser can help define a strategy and ensure you keep to it, but it can be hard to choose one.
Instead of relief checks, 4 million Americans will get prepaid debit cards this week, Treasury says
About 10 million Americans qualify for stimulus payments under the CARES Act but have yet to receive them.
How to decide whether you should use a credit card or a loan to borrow money
Wondering whether you should use a credit card or personal loan to borrow money? Here are the pros and cons of each.
There are only 2 situations where you don’t need life insurance — otherwise, you should have it
Even with life insurance from your employer, it is a good idea to get your own life insurance policy to protect your loved ones.
I’m a financial planner, and my accountant showed me 2 ways to save time and money on my taxes
Some of these tips can help make the process less stressful this year, while others can be implemented now to make next year’s Tax Day easier.
I tricked myself into building an emergency fund in college using a hack that would work for anyone
By “rounding up” her purchases by a few dollars, she tricked herself into keeping more money in her bank account.
3 signs it’s time to downgrade your premium travel credit card to an option with no annual fee
Annual fees can be worth it if you earn lots of rewards and use all the benefits, but if you’re not getting your money’s worth, consider downgrading.
You can leverage your home to borrow cash if you need it, but be wary of shady lenders
A home equity loan is a type of second mortgage that uses your home as collateral and allows you to borrow against your home’s current value.
All your questions answered about unemployment benefits during the coronavirus pandemic
Under the CARES Act, the government expanded the scope of unemployment insurance to pay more money for a longer period of time.
A financial planner has advice for anyone hung up on deciding how much to invest: Just start
Whether you’re starting off by investing $100 or $1,000 a month, the beauty of investing is that it favors those who simply start.
WEBINAR: Personal Finance Insider hosted a Q&A about paying bills. Watch the video here.
Personal Finance Insider answered common questions about paying bills in the current economic climate. View a recording of our Q&A webinar.
House Democrats vote to pass new relief package, which includes more $1,200 cash payments to Americans and their families
House Democrats propose more lifelines for struggling workers, including another stimulus check, in the latest coronavirus emergency relief bill.
The best no-fee checking accounts right now
The best no-fee checking accounts available right now include Capital One 360, Discover CashBack Credit, and Simple Online Checking.
The best checking accounts
At the very least, the best checking accounts are easy to access, whether online or in person, and incredibly cheap to maintain, if not free.
Amex Platinum versus the Amex Gold: Which rewards credit card is better for you?
The American Express Platinum card and Gold card both have fantastic rewards, benefits and perks. Which one is better for you?
5 questions to help figure out where your money should go when things get hard
Managing money isn’t easy during a global health and financial crisis. Here are some questions to help you prioritize.
I signed up for trendy investing app Robinhood at 22, but after talking to a Wall Street veteran I’m switching my investing strategy
I’ve been using investing app Robinhood for over a year, but my strategy better fits a simpler, long-term strategy with algorithm-based investing.
11 questions to ask your lender when deferring mortgage payments during the coronavirus
Considering deferring mortgage payments during the coronavirus pandemic? Ask your lender the nitty-gritty questions to figure out if it’s a good idea.
29 banks that may help with your mortgage payments during the COVID-19 outbreak
Are you a homeowner who has been financially affected by COVID-19? These banks offer mortgage payment assistance programs.
The best personal loans of 2020
SoFi and Lightstream top the list for the best personal loans to get credit for anything, from debt consolidation to a remodel.
3 options for people struggling to pay their mortgage during the global health crisis
If you’ve lost work due to the coronavirus, you might be worried about affording mortgage payments. Good news — you have options.
34 banks offering payment assistance for customers impacted by the coronavirus
These banks are offering payments assistance for mortgages, car payments, credit cards, personal loans, and private student loans.
I had pretty much given up on budgeting until a friend gave me a piece of advice that’s help me save over $5,000
A friend recommended that I budget weekly instead of monthly and start my budget on a Sunday, and that changed the game for me.
