Key takeaways Plan for success by building a business plan, putting together a budget and saving enough money to launch. Separate your business and personal finances by opening a business bank account and choosing business credit cards with useful benefits. Stay on top of your finances with…
Key takeaways Brand loyalty to certain credit cards or issuers can limit your rewards earning potential. Use multiple cards to maximize rewards rates, which might involve switching cards or using different cards for different types of spending. Understand the redemption options for each of your cards to get the most…
Key takeaways Both a line of credit and a credit card are types of revolving credit where you can borrow up to a certain amount and only pay interest on what you borrow. A line of credit typically has a lower APR and a higher credit limit than a credit…
Key takeaways Lying on a credit card application is fraud and can have serious legal consequences. You shouldn’t need to lie to qualify for a credit card because there are cards available for all types of financial circumstances, including for those with poor or non-existent credit, as well as for…
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Apple, FedEx and Oracle all got loans guaranteed by the Small Business Administration. But rules and red tape keep many…
While there has been much conversation on not buying from companies with poor diversity, little has been said about investing…
The Trump administration has been rapidly dismantling protections for student loan borrowers, leaving millions of Americans with diminishing options as…
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Key takeaways The typical mortgage payment doubled between 2020 and 2024, while today’s new homes are smaller than they have been in more than 10 years. Experts caution that home size isn’t always the best measure of value, especially in competitive markets with rising home…
Dept Managmnt
Key takeaways To pay off debt, you need to know how much you owe, how much you’re spending and where you can cut…
Banking
In my last column, I likened artificial intelligence to the wizard in “The Wizard of Oz.” It received a good reaction so I…
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If you own rental property, you’ll need to file a Schedule E tax form with the IRS to report rental income income or losses. Schedule E is filed along with your Form 1040 individual income tax return. While having rental income and losses is a common reason for filing a…
Oil is a basic necessity of modern life, and it’s among the most strategic commodities. So it’s not surprising that oil is a popular investment, and while green energy has become a growing force recently, modern economies will need oil for a long time, putting a floor under its price.…
Key takeaways There are several alternatives to LLC loans from traditional lenders, including business lines of credit, business grants and peer-to-peer lending. Some alternatives like merchant cash advances and invoice financing or factoring are widely available to business owners with bad credit. LLC loan alternatives typically offer faster funding and…
President Donald Trump sees tariffs as a means to reduce trade deficits, encourage domestic manufacturing and address national security concerns. By imposing tariffs, Trump aims to make foreign goods more expensive, thereby promoting the purchase of American-made products. This approach is intended to decrease reliance on imports, and generate revenue…
Planning for retirement involves making a lot of decisions, including how to allocate your portfolio. Among stocks, bonds and other investments, many pre-retirees wonder what percent of a retirement portfolio should be in cash. Cash plays an important role in ensuring stability, accessibility and peace of mind. However, holding too…
Credit Sesame’s personal finance news roundup May 17, 2025. Stories, news, politics and events impacting personal finance during the past week. Consumer outlook darkens in April surveyFed finds credit trouble spreadingU.S. and China hit pause on tariff hikesBanks tighten up credit card lendingCard delinquencies hit post-recession highInflation ticks up but…
The Federal Open Market Committee has seven remaining scheduled meetings for 2025 with the next on March 19. The expectation of fixed income markets is that interest rates will be cut in 2025 most likely two or three times. However, these cuts may be weighted towards later in the year,…
It only takes a quick scan of any cable news network to realize that we have entered a whole new age of uncertainty. For many business leaders, it may be apropos to dub it the Age of Uncertainty. Tariffs, tax cuts, energy policy, interest rates — these are just a…
Cons of Budgeting Apps While the best budgeting apps will give all the benefits above, they also tend to share a few general cons. These can include limitations and even risks for users, and knowing these before you get invested into a specific app can save you trouble down the…
Key takeaways Debt relief is a broad term that can refer to options like debt restructuring, debt forgiveness or a reduction of amount you owe. You can get debt relief from lenders, debt relief companies and credit counseling agencies. The best debt relief strategy for your situation will depend on…
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