Carlina Teteris/Getty Images Key takeaways A balance transfer is a good way to eliminate existing credit card debt over a set number of months, usually at a lower interest rate. After completing your balance transfer, have a plan in place to pay off the balance comfortably within the introductory period.…
Monty Rakusen/Getty Images; Illustration by Austin Courregé/Bankrate Key takeaways A business equipment loan is designed specifically for buying equipment and is secured by the equipment itself Equipment loans can’t be used for any other business need Equipment leasing is another option, which could have lower upfront costs than a loan…
Key takeaways Giving a child a debit card can teach them financial responsibility and budgeting skills at a young age. Most banks offer checking accounts and debit cards for teens as young as 13 years old. The decision to give a child a debit card should be based on their…
Taking out an unsecured business loan gives business owners financing without securing the loan with collateral. These loans can be especially appealing to business owners who don’t have assets. Since these loans don’t require collateral, the eligibility requirements for some types are often more strict than other business loans, and…
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While there has been much conversation on not buying from companies with poor diversity, little has been said about investing…
Lifestyle inflation occurs when your expenses increase as you earn more income. It can start subtly—dining at pricier restaurants, upgrading…
Chime, the largest digital bank in America, grew its revenue to $1.7 billion in 2024, an increase of roughly 30%…
Technology has transformed some parts of the daunting homebuying process–making it easier to search and compare properties online, to prepare…
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Starting an emergency fund is often highlighted as a crucial aspect of personal finance, but we don’t talk as much about when you should tap into that money. For example, if someone faces an unexpected car repair bill, should they dip into their emergency fund…
Dept Managmnt
Key takeaways Social Security benefits are generally protected from creditors, but exceptions exist for federal debts, child support and legal judgments. The IRS…
Banking
Apple, FedEx and Oracle all got loans guaranteed by the Small Business Administration. But rules and red tape keep many banks from making…
Credit Cards
Key takeaways Adding authorized users to your business credit card account can make it easier for you to complete purchases and earn rewards…
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Key takeaways Small business loans are not hard to get from online lenders that tend to have more relaxed lending requirements than traditional banks. Personal loans tend to also have relaxed eligibility requirements, such as accepting a bad personal credit score. The choice between the two comes down to which…
The Federal Deposit Insurance Corp. (FDIC) standard insurance limit hasn’t changed in more than a decade. The FDIC insurance limit has only increased seven times in its 90-year history, making each change a significant event in the American banking system. These changes have occurred for various reasons over the years.…
Key takeaways The Hilton Honors American Express Card is the only no-annual-fee option among co-branded Hilton credit cards from American Express. As a cardholder, you could earn up to 19X bonus points when using it to book hotel stays at Hilton properties, plus bonus rewards at U.S. restaurants, U.S. gas…
Daniel Zuchnik/Getty Images Warren Buffett is one of the greatest investors ever, so when he offers insight into his investment strategy, people tend to listen. Buffett has made his fortune identifying undervalued businesses and buying them for the company he has led for 60 years, Berkshire Hathaway. Berkshire shareholders have…
Key takeaways Many card processing providers offer similar services. Finding the best fit comes down to the number of transactions you expect to process and how you plan to accept payments — in person, online or over the phone. In-person payments come with lower processing fees, while over-the-phone payments can…
The traditional certificate of deposit (CD) is far from being the only CD product available to savers. Financial institutions offer a variety of CDs, giving savers more flexibility to manage their money when economic winds change. Rates on many CDs rose in 2022 and 2023, after which they leveled off…
Xinhua News Agency/Getty Images Stocks sold off in early March as investors grappled with how tariffs would impact inflation and the outlook for economic growth. Some investors even grew concerned about a possible recession. Some of the biggest tech companies saw their shares tumble 20 percent or more, with Tesla…
Key takeaways Think about the mix of industries and sectors in your portfolio. For instant diversification at a low price point, look to index funds. Watch out for over diversification as you pick assets. As stocks and other investments change value over time, investors may find that one or…
The Stanford Marshmallow Test, conducted by researcher Walter Mischel in the late 1960s, found that children who could delay immediate gratification — by waiting to eat a marshmallow placed before them — tended to achieve better outcomes later in life. The lesson? Sacrificing short-term indulgences can lead to bigger rewards…
2025 has seen a rough start for the stock market. By mid-March, the Nasdaq plummeted more than 10 percent from its all-time high, entering what market watchers call a “correction.” The S&P 500 stock index wasn’t far behind, either, though not officially in correction territory. This kind of downdraft…
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