This Is The Worst Time to Get a Long Car Loan
The ideal situation for buying a car is still paying in cash and in full. (Whatever you do, never lease a car if you can avoid it.) But with both…
What the Fed’s Rate Increase Means for Your Savings Account
The Federal Reserve announced last month another 0.25% interest rate hike. Part of the ongoing efforts to combat inflation, this quarter percentage point increase brings the fed funds rate to…
These Numbers Will Convince Your Teen to Start Saving for Retirement
Photo: BearFotos (Shutterstock) It’s never too late to start saving for retirement, but anyone who starts early sure does get a huge advantage. The reason for this is compound interest,…
How to Borrow Money From a Friend Without Ruining the Relationship
Photo: Ollinka (Shutterstock) Times are tough. If you’re in a financial jam, you might be thinking of approaching a trusted family member or friend to ask to borrow some money…
How to Set Up a CD Ladder for Your Emergency Fund (and Why You’d Do It)
Photo: MEE KO DONG (Shutterstock) This financial move requires a bit of work, but it might be the best way to maximize interest on your emergency fund during times of…
Why You Shouldn’t Make Monthly Payments on Your Paused Student Loan (Even If You Can)
Photo: fizkes (Shutterstock) If you live with student loans, you’ve likely been paying close attention to our government’s ongoing debates about enacting public student loan forgiveness—to the tune of $50,000,…