The Marriner S. Eccles Federal Reserve building in Washington. Stefani Reynolds/Bloomberg via Getty Images Experts anticipate that the Federal Reserve will likely raise rates by a quarter of a point at the conclusion of its upcoming meeting, following a pause last month. Fed officials have repeatedly expressed concern over the impact of rising costs on …
President Joe Biden and U.S. Secretary of Education Miguel Cardona, June 30, 2023. Demetrius Freeman/The Washington Post via Getty Images Understanding the Differences Between the Two Loan Forgiveness Actions The recently announced loan forgiveness action differs from the broad debt-cancellation plan originally proposed by the White House, which was struck down by the Supreme Court …
Dealing with debt is a serious matter that requires significant attention, especially if you’re one of the millions of Americans burdened with student loans, credit card debt, mortgages, auto loans, or other financial obligations. Falling behind on your payments can be overwhelming, but it’s crucial to take action. According to debt relief lawyer Leslie H. …
Damircudic | E+ | Getty Images Scammers are likely focusing on student loan borrowers following the Supreme Court’s decision to strike down the Biden administration’s debt forgiveness plan on Friday, and as loan repayments are expected to resume in the fall, according to the Federal Trade Commission (FTC). In a consumer alert issued on Saturday, …
A staggering number of 43.2 million individuals are projected to embark on car journeys this upcoming July 4th holiday, as reported by AAA, an esteemed organization specializing in motoring and leisure travel. The good news for these drivers is the decline in gas prices across the nation compared to last year. According to AAA, the …
Your spending habits are influenced by everything that makes up your personhood – your values, experiences, and culture. Financial psychologist Preston D. Cherry, a certified financial planner and founder of Concurrent Financial Planning, explains that financial psychology encompasses how people think, feel, and behave in relation to money throughout their lives. Cherry, a member of …
Jose Luis Pelaez Inc | Digitalvision | Getty Images Why having a credit card can be beneficial According to Ted Rossman, senior industry analyst at CreditCards.com, having a credit card and using it responsibly is a smart way to start building a strong credit score. Good credit is essential for qualifying for loans like mortgages …
A store clerk in Miami utilizes a credit card reader to process a customer’s payment. Getty Images The total amount of consumer debt climbed to a record high in the first quarter of 2023, surpassing $17 trillion, even with a significant decline in home borrowing. According to the New York Federal Reserve, borrowing across all …
Saving enough money to comfortably retire later in life may seem like a daunting, out-of-reach goal. However, there are individuals who are challenging themselves to reach that goal even sooner than usual. The FIRE movement, short for Financial Independence, Retire Early, is based on the principle that managing your money efficiently can lead to achieving …
swissmediavision | E+ | Getty Images For those embarking on summer travels, there is promising news: Gas prices have significantly dropped compared to last year. “What a difference a year makes,” expressed Andrew Gross, a representative for AAA, the renowned motoring and leisure travel membership organization. As of Friday, the national average for a gallon …