Do you have an adjustable rate mortgage? The clock is ticking, here’s what you need to do now
Today’s high interest rates have created a ticking time bomb for many homebuyers who took out an adjustable-rate mortgage near the start of the COVID-19 pandemic. About 330,000 homeowners who took out an ARM in 2019 have already seen their…
Being single is very expensive and stressful, but these women would rather be alone
Women would rather accept the “singles tax” than the couple. The “singles tax” — the highest costs singles pay to support themselves financially — recently rose to over $7,000, according to Zillow, but women would rather stay on their own….
Which generation gives the best advice – Gen Z or boomers? The results of this survey may surprise you
Okay, boomer! Most Americans are overwhelmed and fed up with today’s tipping culture, but some are still more generous than others, according to a survey conducted by personal finance comparison site Bankrate. Nearly 3 in 5 adults have negative feelings…
There’s a secret money-saving hack for every zodiac sign
Few words inspire less joy than “budget,” but as inflation rates rise and wages remain stagnant, many of us are looking for ways to save. There is no single wallet solution for saving. Rather, the key to financial stability and…
Simple hack to avoid coffee shop credit card surcharges
If you feel like you’re getting slapped with extra card fees more and more – you’re not imagining it. As businesses face rising costs, a growing number are charging their customers an extra fee when they pay by card to…
Social Security payments could see big cuts starting in 2033
The top actuaries for Social Security and Medicare testified before a House panel Thursday about the financial woes of two safety net programs that could see key trust funds run out in about a decade, leaving beneficiaries to face with…
How much do you need to have in your savings to feel financially prepared: survey
What would it take to feel financially prepared? New research has found that the average American feels prepared for the worst after saving $5,078. The survey of 2,000 employed Americans, evenly divided by generation (500 Gen Z, 500 Millennials, 500…
I invest in Lego because it’s better than stocks, bonds and gold – and I made $500k in 2 years
Shane O’Farrell had no intention of getting rich by buying and selling Lego – all the 35-year-old from New Jersey was looking for was a connection to his childhood in Ireland, where the modest Fort Legoredo was one of them….
How to boost your credit score if you are a first time home buyer
If you need a mortgage, a good credit score, also called a FICO score, is essential—and it’s within your control. In short, a credit score is a simplified calculation of your history of repaying debts and making regular loan payments….
I Was a Starbucks Bartender – Here Are 7 Ways Customers Waste Their Money By Not Ordering Right
Don’t let your money slip away! The easiest way to save money on coffee is to brew it at home, but some of us can’t live without Venti Java Chip Frappuccinos – a treat that has become increasingly expensive in…