admin When it’s in the wrong place, like a name in an important legal document, one letter can have a big impact. So it is in the world of interest rates, where the similar-sounding terms “APR” and “APY” mean very different things. If you have a credit card and a bank account, you’ve already encountered both. … Read more
If you’re looking for ways to pick up a little extra cash, it’s probably crossed your mind to try going through your closets looking for old stuff you can sell. Unused clothing, jewelry, collectibles, and tools can all fetch a pretty penny if you can find the right buyer for them. The easiest way to … Read more
Who wouldn’t want to earn more money without having to go out and sweat for every cent? While people with passive income are playing with their kids, teeing off, hiking in South America, or, yes, even working an unrelated job, they’re earning money. Therein lies the beauty of passive income: It streams in without you … Read more
Banks and credit unions have a fair amount in common. Both provide comparatively safe places to hold cash for spending and saving. Both make loans and extend lines of credit. And both provide basic financial services, like cutting bank checks. Yet these two types of financial institutions are anything but interchangeable. Credit unions aren’t better … Read more
Enticed by the prospect of a sign-up bonus worth nearly as much as you earn in a week, you apply online for the travel rewards credit card you’ve had your eye on for months. You have a steady job that pays good money, so you figure you’re a lock for approval. You’re not. After you … Read more
The worst part about foreclosure is losing your house, but the indirect financial fallout is pretty bad too. A foreclosure can cause your credit score to drop by 100 to 200 points, with much of the damage coming in the first two or three months after you first fall behind on your mortgage. If that’s … Read more
Millions of Americans work as freelancers or juggle side hustles alongside their 9-to-5 jobs. Whether they use a formal business entity or not, and regardless of how they think of themselves, these people are small-business owners. That doesn’t mean they have the same degree of access to the business banking system, however. Just as the … Read more
Those who need to transfer money between countries and currencies are always looking for the best combination of speed, fees, and competitive exchange rates. Unfortunately, these attributes rarely appear in the same package. Case in point: The Wise Debit Card is an innovative product that offers some of the fastest transfers available, but at the … Read more
The Petal 1 Rise Card is a rewards credit card that exists to help people build credit — and earn a little cash back in the process. It’s an appealing alternative to secured credit cards, which require upfront deposits as a condition of use. But the annual fee is higher than many entry-level cards, both … Read more
About 23% of high school students hold part-time jobs while in school, according to the 2020 data from the Bureau of Labor Statistics. Many others make ends meet with work-from-home side hustles, by doing chores around the house, or by collecting allowance from their parents. However they make their money, high school students need somewhere … Read more