That’s not good news for people borrowing money, but it’s a great time to have savings accounts, says Ted Rossman, chief credit card analyst at Bankrate. “The biggest benefit is for savers,” Rossman says. “You can still get over 5% on a totally liquid totally federally insured savings account. The top one-year certificates of deposit … Read more
Good Question: What’s the best way to pay off debt? Good Question: What’s the best way to pay off debt? 02:36 When it comes to credit cards and the banks that issue them, bigger is most definitely not better — at least for customers. That’s because small banks and credit unions typically offer far better … Read more
The fusion of layered security and appealing perks can undoubtedly instill a potent “swipe now, think later” mindset among numerous credit cardholders. It’s akin to a trap set with two irresistible baits. The amalgamation of security, appealing benefits, and our individual spending psychology may result in imprudent credit card usage and substantial financial difficulties. The … Read more
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email In 2023, 40% of Americans said they don’t make New Year’s money resolutions and 68% said they have no written financial plan at any point in the year. But having a budget and an awareness of exactly how much is coming in … Read more