Credit card issuers like to entice new users by offering rewards or bonuses for new accounts. While it is a decent marketing tactic, many applicants attempt to game the system by rapidly opening and closing accounts to maximize rewards in a practice called credit card churning.There is nothing illegal about the practice, but some argue […]
According to financial experts, no more than 36% of an individual’s monthly gross income should go towards debt obligations; however, even that can be a stretch for some people. Still, it is good to have a boundary, a marker for when things might be spinning out of control. Some experts refer to terms like manageable debt […]
A comfortable and secure retirement depends on your savings habits earlier in life. The general understanding when it comes to saving for retirement is that the earlier you start, the better. However, life goals often get in the way, like getting married, buying a house, and traveling. While accomplishing alternative financial goals is part of […]
People typically make financial decisions based on taxes, either lowering or avoiding them. While some financial choices are inconsequential when weighed against tax incentives, retirement investing is not. When and how you pay taxes on retirement savings depends on the type of account you have and when or how you choose to withdraw or invest […]
Buying and selling individual stocks and investments requires access to a minimum of one brokerage account. There are many benefits to opening a single account, including the broker’s expertise and customization of your portfolio through them. However, many investors wonder if a single account is the most lucrative and practical way to diversify their portfolio […]
If there is anything worse than filing your taxes, it’s finding out that you owe money at the end of the year. While everyone is posting to social media about their massive returns and what they plan to do with them, you’re over there wondering how you’re going to come up with the funds to […]
You don’t need to run a survey or review the data to know that vacations are expensive. While the average cost of a vacation varies drastically from family to family and based on several factors, one survey found that approximately three-quarters of Americans admit to falling into debt of at least $1,100 following a holiday. […]
For anyone who has experienced credit card debt, the decision to have even one credit card can lead to feelings of anxiety. However, while credit cards are easy to abuse, the little pieces of plastic do play a vital role in rebuilding and establishing credit.The American Bankers Association recently estimated that approximately two in three […]
Active investing, such as day trading, is a popular investment strategy. Still, it depends on the investor’s ability to consistently outperform the market, which growing evidence says is improbable and more volatile than other strategies. If you plan on active trading based on timing the rise and fall of stocks, it might be time to […]
While risk is a natural part of any investment, cryptocurrency, such as Bitcoin, carries risks beyond the conventional concerns. Primarily, a Bitcoin investor plays a significant role in the security of their investment, meaning their level of responsibility is different from more traditional investments. Before you invest in Bitcoin or any cryptocurrency, it is wise […]