With Federal Deposit Insurance Corporation (FDIC) insurance, the money you keep in your bank accounts is protected by the federal government if your bank fails. When a bank or financial institution is federally insured, it will have the FDIC insurance logo on its website. The FDIC insures up to $250,000 per depositor, per institution, per… Read More »
Payday loans are a type of short-term loan. The loans, which are for small amounts, often $500 or less, are designed to be paid back when you get your next paycheck. While they evolved from criminal “salary lending” practices in the early 20th century, these loans really took off in the 1990s, when there were… Read More »
No one feels like reading the fine print on a car insurance policy, which is why the car insurance declaration page exists. It summarizes the key features of your policy—call it the quick and easy version of your car insurance policy. What does a car insurance declaration page contain? A car insurance declaration page (also… Read More »
If cash back rewards are at the top of your priority list for credit cards, the card_name and the Citi Double Cash® Card are worth a look. You don’t have to pay an annual fee with either card, and both come with attractive introductory APR offers. Still, card_name comes out on top due to its… Read More »
A $50,000 windfall from an inheritance, a hefty bonus, or winnings of some sort can be an excellent opportunity to start securing your financial future. Of course, not all investment options are equal. The best way to invest $50K depends on your time horizon, risk tolerance, and financial goals. What to know before you invest… Read More »
Adults know that one of the best ways to build wealth and to save for future goals, such as retirement or a home down payment, is to invest. This can also be true for children. There are a number of different types of brokerage accounts that can be opened for a child that can help… Read More »
There are a variety of reasons to refinance your auto loan. Perhaps you took out your previous loan with a subpar credit score and have since cultivated a score capable of netting significantly more favorable interest rates. Maybe you’d like to lower your monthly payments by extending the term of your loan or would like… Read More »
If a fire in your rented home destroyed your belongings, how much would it cost to replace them? How much money could you lose if you’re held responsible for an accident in your home and sued? Your renters insurance could reimburse you in these (and other) situations. Deciding how much you need means considering the… Read More »
Put simply, a mortgage refinance replaces one mortgage with another. People tend to avoid mortgage refinancing when rates are high, and average rates have been rising steadily since 2022, reaching a peak of 7.79% for a 30-year fixed-rate mortgage at the end of October 2023. However, they have dropped somewhat since then, standing at just… Read More »
When there’s an auto accident, most people believe that someone is at fault. In fact, fault often determines whose insurance pays for the damage and injuries. However, some accidents are considered “no-fault accidents,” where the insurance company cannot assign blame to one party. We compare at-fault vs. no-fault accidents, where the rules apply, and how… Read More »