Key takeaways Investing can be a way to take control of your financial future and grow your wealth over time. You can build a better financial future in 2025 by focusing on retirement accounts and investment funds, balancing long- and short-term investments and continuing to learn. Your financial journey can…
supersizer/ Getty Images; Illustration by Austin Courregé/Bankrate Key takeaways Black-owned businesses in the U.S. employ around 1.6 million Americans, according to the U.S. Census Bureau. Studies show that Black entrepreneurs face more challenges than their white counterparts to secure the capital they need. This is true, even if they have…
ATM fees are among the most commonly charged banking fees — and they’ve hit a record high. The average total ATM fees are $4.77, according to Bankrate’s 2024 checking account and ATM fee study. Fortunately, many banks and credit unions are making it possible for customers to take out cash…
Key takeaways The average student loan debt for pharmacists was $170,956 as of 2024. Interest rates on pharmacy school student loans currently range from 3.47% to 14.83%. It may take pharmacists longer than the 10-year standard repayment term on federal student loans to pay off their debt. There are many…
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A perfect storm is brewing for millions of federal student loan borrowers, who may experience dramatic increases in their monthly…
As the Biden administration exits Washington, President-elect Donald Trump inherits a federal student loan system that looks much different than…
Republican lawmakers in Congress are circulating a number of proposals to cut federal spending as part of a massive bill…
Wildfires in southern California have burned at least 47,000 acres in the Los Angeles area—the largest blaze, the Palisades Fire,…
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Many Americans have long struggled to build savings. However, high inflation and interest rates since the COVID-19 pandemic have made it even more difficult for people to save for emergencies. Only around 2 in 5 (41 percent) Americans would use their savings to pay for…
Dept Managmnt
Key takeaways A balance transfer fee is what credit card issuers charge when you transfer debt, usually credit card debt, to another credit…
Banking
No matter how often bank regulators, international standard setters, rating agencies, or financial reform advocates warn banks that climate change is serious, the…
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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Currency strength serves as a key indicator of a nation’s economic health, political stability and financial policies. While numerous factors influence currency values, consistent economic performance and institutional stability often determine a currency’s global standing. Understanding these dynamics is essential for investors navigating the foreign exchange market (forex) and analyzing…
Key takeaways The euro shows both the promises and pitfalls of unified currency systems. Economic sovereignty remains a key barrier to global adoption. Digital innovations are changing traditional currency dynamics. Political and cultural factors matter as much as economics for the prospect of a global currency. Currency shapes everything from…
If you’re wondering how to invest in the financial sector, exchange-traded funds (ETFs) can be a simple way to get started. ETFs that focus on the financial sector invest in companies that are involved in different areas of finance such as banking, insurance, real estate and investment management. You…
Key takeaways When it comes to travel-related card perks, the Chase Sapphire Preferred is an overall better choice than the Bank of America Travel Rewards credit card, but the Travel Rewards can still be the right choice for some people. Bank of America offers a Preferred Rewards program that boosts…
A certified public accountant (CPA) can play a crucial role in the tax filing season as they help business owners navigate the tax code and ensure they meet all of their required deadlines. They also play a vital role in looking at your business accounts critically and help you fix…
Key takeaways Even after you’ve paid off your home, you can still borrow against your home’s equity. There are several ways to tap your equity when you’re mortgage-free, including with a home equity loan, HELOC or cash-out refinance. It can be easier to qualify for a loan on a paid-off…
Credit Sesame discusses the proposed CFBP rule on medical debt and whether it can ever come to fruition. The Consumer Financial Protection Bureau (CFPB) has approved a rule banning reporting agencies from including medical debt on credit reports. As a result, that debt would no longer directly affect people’s credit…
Delmaine Donson/Getty Images Most Americans carry a combination of revolving and installment debt during their financial lifetimes. The journey often starts with a revolving credit card, but it doesn’t end there. The ubiquitous nature of credit cards is hard to understate. According to Bankrate’s Credit Card Debt Survey data, 50…
Key takeaways The major advantage of credit-building products is the potential to improve or establish your credit score. Higher rates and restrictions on how and when you receive funds are common drawbacks of credit-builder loans. Your local bank or credit union may offer small-dollar loans at much lower rates than…
Key takeaways You are considered personally liable with recourse loans if you default. Mortgages and auto loans are often recourse loans, though this may differ between lenders. Lenders may seize personal assets not listed in the loan agreement in addition to any collateral. This downside may be offset by lower…
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