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  • Scammer using laptop

    FBI Reports Financial Losses From Crypto Scams Increased By 45% Last Year

    Further, complaints to the FBI's Internet Crime Complaint Center (IC3) demonstrated that crypto scammers are now operating across all scheme categories.

    By Carolyn Osorio 12 months ago Read More
  • Friends at lunch having conversation

    Think Twice Before You Discuss This Financial Information With Friends

    While money doesn't have to be a non-topic when talking with friends, there are some things to keep in mind if/when it comes up in your conversations.

    By Samantha Bambino 12 months ago Read More
  • Mortgage document on fire

    At This Age, Paying Off Your Mortgage Should Be Your Biggest Money Goal

    No financial advice is universal. With that said, as you near retirement, you may start to zero in on eliminating one monthly expense: your mortgage.

    By Richard Sachek September 1st, 2024 Read More
  • Rolls of coins standing up

    Where To Exchange Your Saved Coins For Cash

    Saving coins in a coin jar in an old-school way to save for a future treat, but once you're ready to exchange them for cash, what are your options?

    By Richard Sachek August 26th, 2024 Read More
  • Federal Reserve Bank of New York

    What The NY Fed's Survey Of Consumer Expectations Just Told Us About Inflation

    July's Survey of Consumer Expectations included a three-year outlook on inflation that was its lowest ever. However, short-term, consumers were less confident.

    By Carolyn Osorio August 14th, 2024 Read More
  • HELOC paperwork from financial institution

    A Significant Drop In Home Value Can Impact Your HELOC. Here's How

    Homeowners have a few ways to borrow against their home, including taking out a line of credit, or HELOC. Here, we explain why home value matters with a HELOC.

    By Richard Sachek August 13th, 2024 Read More
  • Failed banks with FDIC symbol

    What Really Happens When A Bank Fails?

    As a consumer, any concern you have over a bank(s) failing is understandable. Here, we go over the FDIC's steps and how it will likely handle your money.

    By Richard Sachek August 12th, 2024 Read More
  • Cartoon figure holding negative arrow

    Who Actually Benefits The Most Financially During A Recession?

    While you can guess that the wealthiest of consumers can benefit from a recession, there are two other groups that can also come out of a recession better off.

    By Daniel Feininger August 7th, 2024 Read More
  • ATM machine and empty wallet

    What To Do If An ATM Fails To Dispense Your Money

    At last count (in 2022), there were 451,500 ATMs in the U.S. With this many, it's not impossible for one to glitch. If this happens to you, here's what to do.

    By Richard Sachek July 29th, 2024 Read More
  • Zoom in on word "Portfolio"

    How Much Cash Should You Leave In Your Investment Portfolio?

    In a portfolio, you'll want a mix of asset classes, including cash (equivalents). As for how much cash, that'll depend on factors like age and risk tolerance.

    By Richard Sachek July 27th, 2024 Read More
  • Interest rate charge over $100 bill

    How Interest Rate Changes Affect Banks In The US

    In a discussion on interest rate changes and bank profits, it begins with a particular concept: net income interest or NII. For banks, it's a balancing act.

    By Carolyn Osorio July 26th, 2024 Read More
  • CFPB logo on window

    New CFPB Rule Creates Registry To Track Nonbank Bad Actors

    The new rule establishes a registry that will facilitate the CFPB's supervision of certain nonbanks. Its effective date is September 16, 2024.

    By Larissa Zageris July 24th, 2024 Read More
  • Change jar for car payment

    Is Paying Off A Car Loan Early A Good Strategy? Here's The Truth

    The average auto loan balance grew by 5.2% in 2023, per Experian data. For many, erasing this debt would be helpful, but there are other advantages, too.

    By Richard Sachek July 23rd, 2024 Read More
  • Person calculating finances at desk

    You've Been Warned: This Type Of Savings Account Will Only Hurt Your Finances

    When it comes to savings, you have some choices. One key factor to consider is an account's APY. Will your money's purchasing power diminish or grow?

    By Carolyn Osorio July 22nd, 2024 Read More
  • Computer blue screen of death

    The Economic Impact Of A Global Tech Outage

    The July 19 global tech outage that brought down millions of computer systems served as a stark reminder of how interconnected the world's IT infrastructure is.

    By Richard Sachek July 19th, 2024 Read More
  • Person with coffee reviewing financials

    The Wealthy Use High Interest And High Inflation To Their Advantage (& You Can Too)

    While your assets won't make you a one-percenter, that doesn't mean you can't use similar tactics used by the wealthy to grow your money, too.

    By Daniel Feininger July 17th, 2024 Read More
  • Exterior of bank building

    What To Do When You're Denied A Checking Or Savings Account

    Being denied a checking or savings account today doesn't mean you won't be able to secure one in the future. In the meantime, you have a few easy options.

    By Richard Sachek July 16th, 2024 Read More
  • Toy house on a hook

    You've Been Warned: Avoid These Common Home Equity Loan Scams

    It takes on average five to 10 years to build up sizable equity in a home. Imagine that equity being stolen from you. Be on the lookout for these scam signs.

    By Larissa Zageris June 22nd, 2024 Read More
  • Model home on $20 bills

    Why You May Want To Think Twice Before Getting A Home Equity Loan

    A home equity loan is a common way of accessing your home's built-up equity. This said, you'll want to do the math to know if it's right for you or not.

    By Carolyn Osorio June 16th, 2024 Read More
  • Auctioneer displays 1933 double eagle

    The Unexpected Value Of The Rarest $20 Gold Coin

    The U.S. circulated gold currency up until 1933, which is where this coin's rarity story begins and why it sold for 945,000 times its value in 2021.

    By Larissa Zageris June 5th, 2024 Read More
  • Holding "HOME EQUITY LOAN" plaque

    How Are Interest Rates Calculated For Home Equity Loans?

    When taking out a home equity loan, you'll want to be familiar with the current U.S. prime rate and what different lenders might charge on top of it.

    By Richard Sachek May 24th, 2024 Read More
  • The US Federal Reserve System seal

    What Actually Drives Interest Rates?

    While thinking the Fed sets interest rates isn't entirely inaccurate, there's more to it than that; specifically, a 12-member committee you should know about.

    By Carolyn Osorio May 14th, 2024 Read More
  • $100 bill ripped in half

    What's The Average Lifespan Of US Paper Money?

    Though not as many people use cash as they once did, many still prefer paper currency. On that note, did you know each bill has a different lifespan.

    By Richard Sachek May 12th, 2024 Read More
  • Person calculating finances at home

    Can You Actually Lose Money In A High-Yield Savings Account?

    HYSAs definitely earn you more money than a traditional savings account, however, there's one factor to check to ensure you don't lose purchasing power.

    By Carolyn Osorio May 3rd, 2024 Read More
  • Stack of many coin denominations

    The Oldest Coin In Circulation

    The oldest coin in circulation isn't American, and "oldest" likely doesn't mean what you think. We'll explain, as well as go over the coin's design and history.

    By Larissa Zageris April 30th, 2024 Read More
  • Piggy bank inside of maze

    These Are The Worst Places To Keep Your Savings

    When figuring out the worst places to keep your savings, consider safety, of course, but also earning potential and how accessible your money will be.

    By Carolyn Osorio April 29th, 2024 Read More
  • Chime debit card and app

    Can You Borrow Money From Chime?

    Chime is a banking app, but Chime isn't a bank. It's a fintech company that partners with banks. Among its services is SpotMe. Here's how it works.

    By Mary White April 27th, 2024 Read More
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