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.
Read MoreArchive for May 2024
Back to Archive IndexBanking (5)
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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.
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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.
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How The Chip In Your Credit Card Actually Works
Chip cards offer consumers more security through tokenization. Through this encryption process, your primary account number is never shared with the merchant.
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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.
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Budgeting (41)
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Places You Should Never Keep Your Money When Traveling
It's not uncommon to hear travel stories about lost cash/cards. To protect yourself, start by not keeping your cash in one place and not in these places.
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How Much Do Influencers Make For Mentioning Promotions And Sponsors In Videos?
Earning potential for content creators depends on their following. If they reach influencer status, this could lead to sponsorships and/or brand deals.
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Is A Home Chef Subscription Actually Worth The Price?
Launched in 2013, Home Chef today delivers to 98% of the United States. Here, we take a look at the subscription cost of this weekly meal-kit delivery service.
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Student Loans: What Refinancing Means For Loan Forgiveness
Specifically, for federal student loans, refinancing throws a wrench into the loan-forgiveness equation. Here's why you'll want to think it through carefully.
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The Truth About Money No One Taught You In School
Personal finance requires lifelong learning. Even with financial literacy growing in schools, there will always be something more to learn about money.
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Affordable Ways To Increase Your Home's Value On A Budget
When it comes to selling a house, know there are ways to improve your home's value without breaking the bank. Smaller projects can make a big difference.
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McDonald's Vs. Burger King: Which Is Cheaper?
For nearly 70 years, Burger King and McDonald's have been competing. As main rivals, it's no surprise to find their selection and prices are quite similar.
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Side Hustlers Beware: These Big Lies Are Keeping You Busy And Poor
Side hustles can be a productive way to boost your monthly income, but don't believe all of the hype surrounding them from influencers.
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Will Future Generations Ever Be Able To Afford A Home? Here's The Truth
Data showing that today's youngest homebuyers, Gen Z, are purchasing homes at an earlier age than past generations reflects an evolving path to homeownership.
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Generation Z's Impact On The US Housing Market
As Gen Zers become homebuyers, trends have begun to emerge as far as where this cohort is putting down their roots and how they're affording homeownership.
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Is Hiring A Moving Company Actually Worth The Price?
The Census Bureau says Americans move 9.1 times after age 18. This said, not all moves are alike, which means the decision to hire pros or not will also vary.
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Do You Need A Lawyer To Write A Will?
Anyone can write out (or type out) their will with instructions on how their assets should be handled after they die. But do you need a lawyer to make it legal?
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The Highest-Paid NBA Players Earn A Massive Salary
NBA players make a lot of money. Consider, 40 players earn $40 million or more a year, while 153 make at least $10 million. And that's before endorsement money.
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The Truth About The Future Of Social Security Just Got A Little Clearer
Even as the public received good news about Social Security funding, it didn't change the bigger picture: the program's depleting trust fund reserves.
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AMC Stubs A-List Vs. Regal Unlimited: Which Movie Pass Is A Better Deal?
AMC Stubs A-List and Regal Unlimited are the top tiers of their respective loyalty programs. We compare their price points and perk offerings for cinephiles.
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The Sneaky Mistake That's Destroying Your Home's Resale Value
How much you can make from a home sale will largely depend on what you paid, your mortgage, and, as it turns out, if you've invested in certain upgrades.
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You Probably Spend Too Much And Earn Too Little. Here's How To Fix It
In addition to these two money problems, a finance expert tells us there are actually two more. To fix things, we have to address "all of the above."
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Here's What Will Happen To The Workforce As Baby Boomers Begin To Retire
The youngest of baby boomers, born between 1946 and 1964, will turn 60 in 2024. As more of this cohort retires, we take a look at the predicted impact on jobs.
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Federal Vs. Private Student Loans: Which Should You Pay Off First?
Deciding between paying off private or federal student loans first ultimately comes down to interest rates, and which loan will cost you more in the long run.
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The One Reason You Shouldn't Trust The 4% Retirement Rule
A one-size-fits-all rule like the 4% rule often requires adjustment for every person. This said, here's a reason why the rule can't be set in stone.
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This Generation Values Their Time The Most, According To Survey
A new survey by Empower sheds light on how the different generation groups value their time, with this generation at the fore for better work-life balance.
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What Happens To Your Money If You Die Without A Will?
According to a recent survey, 32% of people have a will, leaving 68% without one. What does dying intestate mean for your estate and the family left behind?
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The One Policy Change Personal Finance Experts Are Clamoring For
Personal finance experts like Jason Tartick believe there's one policy change that could prove a game-changer in helping people better manage their money.
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What Will Happen To The Economy When Gen Alpha Enters The Workforce?
The oldest of Gen Alpha are yet to enter the workforce, but with approximately 2 billion members, the tech-savvy chort's economic impact is believed to be huge.
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Renting Vs. Owning: Both Can Help You Build Wealth, According To A Personal Finance Expert
Given the increase in both mortgage rates and rental prices, the age-old question of renting vs. owning a home is more complicated than ever before.
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This Is How Much Money PGA Tour Caddies Really Make
PGA Tour caddies earn a weekly base pay, but only when their golfer plays, and pros typically play 20 events. Caddies do earn a percentage of winnings, too.
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You've Been Warned: Companies Don't Value Your Loyalty Anymore. Here's Why
Unlike during prior generations, these days its often to an employee's benefit to switch companies when seeking higher pay or a better role.
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How Much Allowance Should You Give Your Kids?
A weekly allowance can teach kids about personal finance early on. This said, how much should you give them to start and how will this change as they get older?
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Which States Require High Schoolers To Take A Financial Literacy Course?
Financial literacy is a life skill a person will benefit from long after they receive their diploma. Given this, more states are looking into teaching it.
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A Few Reasons Not To Renew Your Costco Membership This Year
Costco reports its membership is 132 million, as of February 2024. This said, there are a few reasons why you might save even more by not being a member.
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What To Do If Your Employer Doesn't Pay You
While your first step to resolving a payment issue with your employer is to visit HR or payroll, sometimes you may need to take your complaint a step further.
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How Boeing's Turbulence Could Cause Airfares To Skyrocket
Boeing's ongoing problems with the FAA and unhappy customers may turn into a problem for summer travelers overall; the result of a shortage of flights.
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What Could Happen To Social Security When Gen X Retires?
Generation X is set to become eligible for retirement in 2027. This comes at a time when the future of Social Security is uncertain as its funds run dry.
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At What Point Do Car Repairs Become Not Worth It?
Budgeting for car repairs can help you avoid being short when the time comes. This said, some repairs are so expensive, you may need to consider alternatives.
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Expert: Take These 3 Critical Steps Immediately To Increase Your Financial Security In 2024
Finance expert Jason Tartick says you can increase your financial security today by taking three proactive steps, starting with getting rid of bad debt.
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The Alarming Reasons People Are Paying For Dating Apps Today
The Pew Research Center reports about 30% of Americans say they've used a dating app. Despite many of these apps being free to use, many opt to pay. Here's why.
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Smart Savings Moves To Make With Inflation Still Rising
When inflation is high, it's important to look into savings strategies that will still earn you money and preserve your buying power. Here are a few options.
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What Is The 4% Rule For Retirement Savings?
Financial adviser Bill Bengen came up with the 4% rule for retirement savings in 1994. Could a rule that's 30 years old still be relevant and useful today?
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Here's The Salary You Need If You Want The Maximum Social Security Benefit In 2024
What you earn in a year plays a central role in your Social Security payout in retirement, but there are other factors, too; in particular, the age you retire.
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Social Media Platforms That Make The Most Money For Creators
If you're thinking of becoming a content creator, it all starts with choosing a niche .... and a platform. Here, we share some numbers to help you compare.
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Money-Phobia Is Crushing Millennials And Gen Z: A Financial Expert Explains
Younger Americans dealing with difficult economic hurdles today are also facing a daunting financial future, especially when it comes to saving for retirement.
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Collectibles (3)
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The Most Valuable Monopoly Board Game Ever Made
Over 275 million Monopoly sets have sold since its debut. As for the most valuable Monopoly board game, there's only one and it's in the Smithsonian.
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The Unexpected Price Of Game Boy Games Today
Game Boy came out on April 21, 1989, more than 35 years ago. The rarer the game, the more valuable, with the two most valuable being about a root vegetable.
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Funko Pop! Figures That Are Worth A Ton Of Money
Since debuting at the 2011 San Diego Comic-Con, Funko Pop! figures have been collectible, with some limited-edition Funkos worth tens of thousands of dollars.
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Earning (3)
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Here's How Much Henry Ford Would Be Worth Today
Imagine getting a 114% salary boost overnight. That's what happened to Ford Motor Company employees in 1914 when Henry Ford announced a new profit-sharing plan.
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States With The Highest Marijuana Revenue In The US
Today, medical marijuana is legal in 38 states, while 24 allow for recreational use. The state with the greatest revenue is the one with the most dispensaries.
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The Richest People During The Great Depression
While most experienced the full devastating impact of the Great Depression, some Americans would build their fortunes during this period of economic decline.
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Investing (18)
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How To Choose The Right Crypto Exchange
With ~9,000 cryptocurrencies, new investors can easily feel overwhelmed. Trading, though, all starts with finding an exchange that's right for you.
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What Actually Controls The Price Of Homes?
While supply and demand certainly drive home prices, other variables like changing market demographics can help to explain the bigger housing picture.
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The Biggest Charity Donors In 2023
On average, Americans donate about 2% to 3% of their income. While America's top donors exceed this number, the least-generous billionaires do not.
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Warren Buffett's New Favorite Stock Is Out For All To See
On May 15, investors learned about Berkshire Hathaway's latest holding. Warren Buffett's new favorite stock turned out to be from a familiar sector: insurance.
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What Actually Controls The Price Of Gold?
While supply and demand partly explains the price of gold, other factors are at play. One thing is certain, gold is a hedge, and not just against inflation.
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The Story Behind Jim Cramer's Famous 'Booyah' Catchphrase
During "Mad Money" lightning rounds, viewers can hear Jim Cramer exclaim "Booyah!," a catchphrase dating back to the TV personality's radio days.
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How To Invest In AI
There's more to investing in AI than trying to buy shares of big names like Nvidia. Here, we go over other ways you can invest in this explosive space.
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Dow 40,000: Why A Booming Stock Market Might Actually Be Bad For You
The Dow hitting 40,000 means good things for investors, but the bull market's effect on inflation and interest rates spells another story for consumers.
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A Complete Guide To Buying Gold Bars At Costco
In October 2024, Costco started selling gold bars. Members could choose from a 1-ounce PAMP Suisse gold bar and a 100-gram gold bar from the Rand Refinery.
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Why Sportsbooks Pivoted Away From 'Risk-Free' Bets
Since 2018, U.S. sports betting has soared. At the start, though, sportsbooks tried various ways to reel in new bettors, like offering "risk-free" bets.
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What Is A Leveraged ETF And How Does It Work?
Buying into leveraged ETFs can drastically boost your short-term gains, but doing so can also result in losses on the same outsized scale.
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5 Things You Need To Secure Before Investing (And How To Start Investing When You're Ready)
Before investing, you need to get your financial affairs in order. From saving for emergencies to eliminating bad debt, here's what to address first and next.
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Here's How Much Money You Could Have If You Invested In Amazon In 1997
When Amazon's IPO debuted in 1997, shares were priced at $18 each. And while Amazon today is part of the Magnificent Seven, that wasn't the case in 1997.
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The Unexpected Value Of Your Old Barbies
When Barbie debuted in 1959, it was a hit from the start, selling 300,000 (at $3 each) in its first year. Today, rare editions can sell for thousands.
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How Do You Withdraw Money From Robinhood?
Withdrawing money from a Robinhood account is typically free of charge, though investors who need an instant transfer will find fees can add up fast.
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Outrageous Insider Trading Busts We Still Can't Get Over
What makes insider trading so audacious is the fact that everyone knows it's illegal. Yet people, like those on this list, still try to make gains from it.
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The Largest Bets Ever Placed
When discussing the largest sports bets in history, it doesn't begin until the bet reaches $1 million. For gamblers, these three bets are the stuff of legends.
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The Best And Worst Stock Predictions In United States History
Predicting the unpredictable is a way to describe the stock market. Just take a look at our roundup of devastating losses, major wins, and regrettable what-ifs.
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Luxury (1)
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How Queen Elizabeth II's Fortune Was Divided After Her Death
Though Queen Elizabeth II's will has been sealed for 90 years, the main beneficiary of her considerable fortune can be guessed. Here's what we know.
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Shopping (5)
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These Old Vinyl Records Are Worth A Ton Of Money
It was 1948 when the first vinyl record with a speed of 33 ⅓ rpm was made. Since then, countless vinyl have been recorded, and here are the most valuable.
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What Actually Controls The Price Of Plane Tickets?
A common money-saving travel tip is to book well in advance. But with airfare, there's a bit more to why prices rise the closer it is to departure.
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Aldi Vs. Walmart: Which Grocery Chain Is Cheaper?
For those who live in an area where there's both a Walmart and Aldi, you have a decision to make as to which grocery chain you're ready to save at regularly.
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Pharma TV Ads: How Much Companies Spend
Ever wonder why there are so many drug ads on TV? A look at where these direct-to-advertising (DTC) dollars are going reveals big pharma's real objective.
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13 Luxury Clothing Brands That Are Actually Worth Your Money
Not all luxury clothing brands are created equal, but these iconic designers are trusted for quality production and an increased focus on sustainability.
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Spending (1)
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The Cost Of Crime For Those Living In America's Most Dangerous Cities
The economic and societal costs of crime for those living in the most dangerous U.S. cities is even more striking when compared to those living in the safest.
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Taxes (2)
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What Actually Happens When You Get Audited By The IRS
Keep in mind that the majority of audits are resolved through the mail. In any audit, it's more that the IRS needs information to resolve discrepancies.
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Do Tax Refunds Ever Expire?
Per the IRS, for tax year 2020, there's over $1 billion of refund money yet to be claimed. What's more, taxpayers need to claim it before the window closes.
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