Constantly buying and selling stocks is inherently risky. It’s also time-consuming, stressful and expensive. A better approach, according to experts, is buying high quality companies and holding them for the long haul. Buy-and-hold is a well-tested strategy that can help you benefit from years of growth and help you save…
Visit FreeCreditScore.com, a website owned by Experian, or myFICO.com. Some websites offer paid access that comes with additional perks like access to multiple credit scores. Check your credit card benefits. Many credit card issuers, like American Express, provide free credit score access to card members. Key takeaways Federal student loans don’t…
MoMo Productions/Getty Images Family trusts are one of the many ways to transfer generational wealth. They are used to ensure your family members can inherit the things you own quickly and easily after you die. They are highly customizable and depending on how they’re structured, they may carry other benefits…
Key takeaways You can get an idea of the most profitable small businesses by checking the size of the industry and its growth rates Becoming a business owner means researching to confirm that there’s a market for your business idea A variety of business ideas can come from this list,…
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While there has been much conversation on not buying from companies with poor diversity, little has been said about investing…
Lifestyle inflation occurs when your expenses increase as you earn more income. It can start subtly—dining at pricier restaurants, upgrading…
Chime, the largest digital bank in America, grew its revenue to $1.7 billion in 2024, an increase of roughly 30%…
Technology has transformed some parts of the daunting homebuying process–making it easier to search and compare properties online, to prepare…
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Key takeaways Home equity sharing agreements involve selling a percentage of your home’s value or appreciation to an investor in exchange for a lump sum upfront. The agreement typically is settled, with the homeowner paying back the investor, after the home is sold or at…
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Level 2: Discover the Fastest Way to Pay Off Debt With Rules and Challenges When looking for the fastest way to pay off…
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Apple, FedEx and Oracle all got loans guaranteed by the Small Business Administration. But rules and red tape keep many banks from making…
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shapecharge / Getty Images Key takeaways Some colleges require you to fill out the CSS Profile to qualify for non-federal financial aid. Unlike the FAFSA, most applicants have to pay a fee to submit the CSS Profile. You can still complete the CSS Profile, even if your school doesn’t require…
March is National Credit Education Month, while not an official government designation this month is dedicated to increasing awareness about credit, how it works, and why it’s essential for financial well-being. Whether you’re working on improving your credit score, managing debt, or learning how to use credit responsibly, this is…
Key takeaways A lien is a lender’s legal right to a vehicle and it remains in place until a car loan is fully repaid. It’s best to get a lien removed before finalizing a purchase when buying a used car. When purchasing from a private seller, get a letter from…
Andrii Zastrozhnov/GettyImages; Illustration by Hunter Newton/Bankrate Key takeaways Many tax preparation services offer tax refund loans that allow you to get an advance on your money. These loans are typically for a set amount and are offered via checking account deposit or loaded on a prepaid credit card. Many tax…
Key takeaways Going to medical school comes at a steep cost, with costs for attending a four-year medical school averaging close to $300,000. There are also additional costs on top of tuition you’ll need to cover if you plan to become a medical doctor. More prestigious medical schools typically cost…
Key takeaways To calculate your debt-to-income ratio, add up your monthly debt obligations and your gross monthly income and then divide your debt by your gross income. While every lender and product will have different ranges, a DTI of 50 percent or more is considered high by most companies. Your…
Key takeaways Repairing an old vehicle can help you avoid high new and used car prices — and high interest rates. If you’re facing expensive repairs on an older vehicle, buying a new vehicle may save you money over the long run. Compare the cost of repairs against the cost…
PeopleImages/Getty Images Key takeaways A 15-year mortgage means larger monthly payments, but a lower interest rate. A 30-year mortgage offers a more affordable monthly payment, but you’ll pay more in interest. Over time, a 30-year mortgage is substantially more expensive than a 15-year loan. Your monthly mortgage payment will probably…
Ariel Skelley/Getty Images Key takeaways You’ll need a credit score of at least 620 for a conventional refinance. Credit score minimums for other types of refinances range from 580 to 700 or higher. Refinances, like purchase mortgages, come with minimum credit score requirements. The specific requirements vary depending on your…
Tax season has arrived, and if you’re expecting a refund, now’s your chance to use that cash wisely and make real strides in your financial journey. Whether you’re stuck in credit card debt, struggling to save for the future, or simply wondering how to stretch that refund further, there are…
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