You can make an informed choice with a handful of mutual funds for retirement using a smart, diversified investment portfolio. You can recreate your 401(k) easily with “lazy portfolios” while robo-advisors offer low-cost solutions.
You would have worked hard to pay bills on time, and this would have earned you a good credit score that might outshine others. People who are aware of this may contact you to co-sign a loan for them. This is because having a co-signer with a good score and an established credit history is an advantage for someone applying for a loan with a lower credit score or thin credit profile.
This July end, in an attempt to control the surging inflation rate, the Federal Reserve increased the target federal funds rate by yet another 75 basis points. With June’s increase of 75 basis points, this marks a total of 1.5 percentage points this year alone, the highest mark-up in almost 30 years. According to the central bank, until inflation shows signs of reducing, more interest rate increases are set to happen.
The rising inflation in the United States has put immense strain on families with low and middle incomes to provide for their kids’ school supplies this year. Many parents are making budget cuts to ensure their children have everything they need to get back to school in person.
Starting off on your first job? Set to kick off your financial journey? How do you ensure you are on the right track and how do you know what’s the best way to manage money effectively as a young person? Here’s how you can get it right.
Fourth of July obviously means there’s some amount of spending involved. The first truly free Fourth of July post-pandemic is expected to see Americans come out in celebration in a lot more fun and fanfair than ever before. But how much are they exactly spending and is this Fourth of July going to cost the American wallet more?