If you frequent the personal finance world of Reddit, credit card churning might be a term you’re familiar with. With this rewards-reaping method, savvy credit cardholders can maximize the benefits they get from credit card sign-up bonuses. Is credit card churning illegal, though? Could you end up getting in legal trouble for trying to capitalize … Read more
Saving for retirement in a smart way is more important now than ever, as the threat of inflation looms and economic uncertainty lingers due to the coronavirus pandemic. If your employer offers a retirement savings plan, it’s worth understanding the ins and outs so you can strategize creating the best possible retirement outcome for your … Read more
Your credit score is used by lenders as an indication of trustworthiness. When you apply for a loan or a line of credit, lenders use this number to help them predict how likely it is that you will pay back your debt on time. When you have a high credit score, you appear much more … Read more
Most Americans see retirement as the light at the end of the tunnel when it comes to their career. People dream of how they will spend retirement the whole of their working lives, planning to travel the world or the country and relaxing after decades of hard work. What if you didn’t have to put … Read more
Did you know that the average person will spend 90,000 hours at work during their lifetime? That means that roughly one-third of your life is spent at work. While some people might identify with their career as their purpose in life, others might simply see it as a necessity to make ends meet. For people … Read more
According to the IRS, the average taxpayer paid $15,322 in income tax in 2018. While many employees have taxes withheld from their paycheck so they don’t have to pay it all in one lump sum, you still might owe some money when tax time rolls around. Self-employed people, business owners, and freelancers have to be … Read more
There are few things as stressful as struggling with bad credit. If you find yourself in a financial emergency when your credit isn’t great, you might feel like there aren’t any options. In this circumstance, you might find yourself googling things like “bad credit loans guaranteed approval” in the hopes of making ends meet. Is … Read more
Credit card churning is a strategy used by some individuals to take advantage of the numerous welcome bonuses offered by credit card issuers. While nearly half of American adults have credit card debt, these people are turning the tables and profiting from applying for credit cards. Have you ever been enticed by the credit card … Read more
The coronavirus pandemic impacted the U.S. economy in countless ways, and the real estate industry was no exception. With low inventory and historically low mortgage interest rates, competition for homes across the country was at an all-time high. At the same time, many American homeowners also took the opportunity to refinance their homes to lock … Read more
In 2020, the average amount of consumer debt in the U.S. reached record levels. Consumer debt grew to just under $14.9 trillion after the economy plunged into a recession instigated by the coronavirus pandemic. Taking on debt can be a necessary financial step for many Americans, and can even be used as a tool to … Read more
The average American has four credit cards. In 2020, there were 377 million open credit card accounts in the United States. Some people might be avoidant of using credit cards because they are afraid of accruing credit card debt. This is a reasonable fear, as it’s important to be responsible in the way that you … Read more
Your credit scores can have a major impact on your financial life. This three-digit number can influence whether you are approved for a loan or credit application, the terms you are offered on loans, and much more. Even if you aren’t planning on applying for a mortgage or a loan anytime soon, your credit health … Read more