What an Interest Rate Hike Could Mean for Your Wallet

Personal Finance

What an Interest Rate Hike Could Mean for Your Wallet

What an Interest Rate Hike Could Mean for Your Wallet

On Tuesday and Wednesday, the Federal Reserve, the U.S. central bank that determines interest rates, plans to meet in Washington. Unless something goes off the rails, chances are the Fed will approve another quarter-point hike in interest rates. You may not think that affects you, but chances are it will. We spoke with a couple of... Read More

9 Ways to Lower Your Monthly Credit Card Payment

Credit Cards

9 Ways to Lower Your Monthly Credit Card Payment

9 Ways to Lower Your Monthly Credit Card Payment

If you have a monthly credit card payment you could do without, you aren’t alone. The average American between 18 and 65 has more than $4,000 in credit card debt, and if you carry a balance from month to month, you’re automatically making a larger credit card payment than necessary. Here are nine common-sense ways to shrink... Read More

The Fed Just Teased a Rate Hike. Will Savings Rates Finally Improve?

Personal Finance

The Fed Just Teased a Rate Hike. Will Savings Rates Finally Improve?

The Fed Just Teased a Rate Hike. Will Savings Rates Finally Improve?

[Update: Some offers mentioned below have expired. For current terms and conditions, please see product agreements. Disclosure: Products from our partners are mentioned below.] Interest rates are likely going up again, and soon, Federal Reserve Chair Janet Yellen told Congress Tuesday, sending up a clear flare for anyone paying attention. “Waiting too long … would be unwise,” she... Read More

A Quick Guide to Understanding Your Credit Card’s APR

Credit Cards

A Quick Guide to Understanding Your Credit Card’s APR

A Quick Guide to Understanding Your Credit Card’s APR

When applying for a new credit card, most people will pay close attention to several different things. It could be the signup bonus or the rewards they can earn. But the one thing that should always be on your radar is the effective annual percentage rate, or APR, on the card. On the surface, you might... Read More

4 Things You Can Do to Get a Better Credit Card

Credit Cards

4 Things You Can Do to Get a Better Credit Card

4 Things You Can Do to Get a Better Credit Card

Credit cards are valuable tools and like any other tool, we’re always looking to get the best one for the job. One of the trickier aspects of credit cards is that not everyone can get every card. But the better your credit, the greater the access will be. In this article, I’ll share strategies that... Read More

Is Your Credit Card Ready for the Holidays?

Credit Cards

Is Your Credit Card Ready for the Holidays?

Is Your Credit Card Ready for the Holidays?

Ah, September. That magical time of year when boots and open-toed shoes intermingle, mornings get crisper, people start lining up for those infernal pumpkin spice lattes and some retailers start hauling out their holiday cheer. It seems every year, some store somewhere feels the need to make the holiday shopping season just a tad bit longer. In fact, I wouldn’t... Read More

The High Cost of Ignoring Today’s Low Mortgage Rates

Mortgages

The High Cost of Ignoring Today’s Low Mortgage Rates

The High Cost of Ignoring Today’s Low Mortgage Rates

It’s no secret interest rates are the main driver of the nation’s loan volume. In the first quarter of 2016, mortgage refinances were 23.5% higher than the same quarter the year before (an eight-year high for an opening quarter). First mortgages also were about 10.3% higher than the year before, thanks to continued low interest... Read More

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