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…
A perfect storm is brewing for millions of federal student loan borrowers, who may experience dramatic increases in their monthly…
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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…
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 Airport lounge access is an especially desirable perk, and several premium travel rewards credit cards come with this benefit. However, most of these cards limit the number of guests you can bring into the lounge with you — and some don’t extend lounge privileges to guests at all.…
Hispanolistic/Getty Images Key takeaways Both the Discover it® Secured Credit Card and the Petal® 1 “No Annual Fee” Visa® Credit Card are solid cards for building credit. With the Discover it® Secured Credit Card, you can earn cash back on every purchase. On the other hand, the Petal 1 card…
Key takeaways A flexible spending account (FSA) is an employer-sponsored, tax-advantaged account used to pay for eligible healthcare or dependent care expenses. FSA contributions are made with pre-tax dollars, potentially saving you 30 percent on qualified expenses. You can contribute up to $3,300 to a healthcare FSA and $5,000 to…
Key takeaways If your cosigner dies, continue making loan payments as usual to avoid default and protect your credit. You’re not required to notify your lender about a cosigner’s death unless you want to update contact information or remove them from the loan. If the primary borrower dies, the cosigner…
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 Secured short-term business loans require…
Key takeaways A high-yield savings account pays significantly more interest than traditional savings accounts — currently up to 10 times the national average. These accounts are typically offered by online banks and credit unions, which have lower overhead costs than traditional banks. Most high-yield savings accounts have no monthly fees…
Key takeaways Exchange-traded funds, or ETFs, are funds that hold many different assets and trade on an exchange like a stock. ETFs allow investors to hold a diversified portfolio for the cost of a single share. They often come with low costs and tax advantages that make them popular with…
Key takeaways Direct deposit allows your employer to send your paycheck directly to your bank account electronically. Many banks offer perks for direct deposit customers, including waived monthly fees, early paycheck access and higher interest rates on savings accounts. You can split your direct deposit between multiple accounts to automate…
Image by GettyImages; Illustration by Bankrate Key takeaways Rolling returns can show you how well an investment performs over time. The purpose of rolling returns is to take seasonal market trends and specific economic events out of the equation when assessing returns. Rolling returns can give you a better idea…
Budgeting isn’t always easy, especially when you’re just starting out. It can feel frustrating or even overwhelming at first. But budgeting is for you. It just takes a little time to get the hang of it. Whether you’re new to budgeting or ready to level up, I’ve got 16 budget…
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