Hispanolistic/Getty Images: Illustration by Issiah Davis/Bankrate Key takeaways Millennials continue to believe that owning a home is a key part of the American Dream. This demographic of buyers faces several hurdles to homeownership, including steep home prices, limited inventory and high interest rates. Millennials tend to purchase larger homes than…
Key takeaways Your homeowners insurance premium may increase after a successful claim. The severity of the claim can impact the amount of the increase. Looking for discounts and shopping around are two ways to keep your rate reasonable. Whether or not your homeowners insurance goes up after a claim depends…
The richest women in the world have more in common than luxury lifestyles — they’re holding stakes in the global economy. The world’s wealthiest women didn’t just sit on fortunes. They inherited empires, scaled them, pivoted to new markets and, in some cases, rewrote the rulebook in industries dominated by…
“Add your child as an authorized user so you can help them establish a good credit history.” It’s common advice — and it’s not wrong. Assuming you have an excellent credit history yourself, as well as flawless credit habits, you can give your child a credit boost by adding them…
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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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Key takeaways Carrying a balance on your credit card past your grace period means that you’ll start accruing interest on that balance, which will continue to grow until you pay it off completely. If this is the first time you’ve carried a balance on your…
Dept Managmnt
Key takeaways Debt relief is a method of restructuring debt to make it easier for you to pay it back. You can get…
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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Target-date funds are an increasingly popular way for Americans to invest for the future. In fact, more than $3.5 trillion was invested in target-date funds at the end of 2023, according to Morningstar. And they’re especially popular in 401(k) plans, helping workers manage their retirement finances. Here’s what a target-date…
Image by GettyImages; Illustration by Bankrate Both home equity loans and home equity lines of credit (HELOCs) are heading down. The average rate on a $30,000 home equity line of credit (HELOC) once again broke through the 8 percent barrier, declining 8 basis points this week to 7.94 percent, according…
Our writers and editors used an in-house natural language generation platform to assist with portions of this article, allowing them to focus on adding information that is uniquely helpful. The article was reviewed, fact-checked and edited by our editorial staff prior to publication. Key takeaways Skimming is a type of…
Key takeaways The only way to know if you can share your credit card legally is to review your credit card agreement. Even if sharing is permitted, it’s not encouraged or suggested. Letting someone use your credit card with permission could put you at risk for unexpected charges and complications…
Key takeaways PayPal offers a simple and secure way to make online purchases as well as send and receive money from family and friends. Customers can use their bank account, credit card, debit card or PayPal balance to send money or make purchases. Sending money domestically is typically free of…
If you’re preparing to buy or sell a home in the Great Lakes State, there’s a good chance you’re thinking about hiring a real estate agent to help you through the process — most people do. And if that’s the case, you’re probably also wondering how much an agent’s services…
Key takeaways Most pet insurance policies operate on a reimbursement payment model. Pet owners are required to settle fees at checkout and then seek reimbursement from their insurance provider within a specific timeframe. Insurers typically use percentage-based reimbursement or benefit schedule models. Knowing the specifics of an insurance policy, including…
Key takeaways Overpaying your credit card bill is a common mistake that usually has no negative effect on your credit card account or credit report. If you’ve overpaid by a significant amount, however, then your issuer may send a fraud warning. You can either request a refund or…
Key takeaways Junk fees are hidden charges added to the advertised price of goods and services. Junk fees can significantly increase the price of a product or service. Keep an eye on your bills and bank statements to see if you’re paying junk fees that you can otherwise avoid. Ever…
MoMo Productions/Getty Images; Illustration by Austin Courregé/Bankrate Key takeaways If you see an unauthorized charge on your credit card, dispute it with your card issuer. The issuer is required to look into the matter and give you an explanation if it denies your dispute, as well as provide any documents…
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