Credit Sesame’s personal finance news roundup January 25, 2025. Stories, news, politics, and events impacting personal finance during the past week. Chicago bank first failure of 2025Consumer credit delinquencies still risingMedian weekly earnings growth outpaced inflation in 2024More consumers making minimum credit card paymentsMortgage rates fall a littleMortgage applications stableAll…
Key takeaways Precomputed car loans front-load interest payments much more than simple interest car loans, but you will still pay more interest at the beginning of a loan regardless of the way interest is calculated. While you’ll pay the same amount of interest over the full loan term, precomputed car…
Key takeaways The Southwest Companion Pass lets you designate a companion who can fly with you for free (minus taxes and fees) on any Southwest flight you book with cash or points for up to two years. You can score a Companion Pass by earning 135,000 qualifying points or taking…
Luis Alvarez/Getty Images Key takeaways The 60-day rollover rule typically kicks in when you transfer money between retirement accounts, but this applies to other types of accounts as well. Not rolling over your account within 60 days of receiving your distribution can cost you. A direct rollover is usually your…
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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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Employers offer many forms of compensation besides cash, with employee stock options being a popular choice. Instead of issuing shares directly, employee stock options allow workers to purchase shares of their company at a given price within a certain time frame. While this can be…
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Key takeaways A balance transfer fee is what credit card issuers charge when you transfer debt, usually credit card debt, to another credit…
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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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Key takeaways The Trump administration will likely terminate the SAVE plan and may seek to end other forgiveness plans. Student loan borrowers should review their current repayment options to see if they should take action. The cost of college is a bipartisan issue, as tuition has increased more than 37…
Binance.US offers a wide selection of cryptocurrencies and attractive pricing on the two largest by market cap – Bitcoin and Ethereum – with no commission. Binance, which we use here to refer to the U.S. arm of the exchange, charges reasonable commissions that decline as you trade more, ranking it…
Retirement planning is a crucial component of financial wellness, yet it’s often overlooked or delayed. Whether you’re just starting your career or approaching retirement age, understanding the fundamentals of retirement planning can set you on a path toward a secure and fulfilling future. This part of our Financial Wellness Series,…
This page was originally published in early 2024 and reflects the author’s financial decisions during that time. The card details in this article have since been updated. Key takeaways You can use a combination of rewards points and budgeting to cover expenses for a domestic or international trip. Strategically using a…
sarayut Thaneerat/Getty Images Growth stocks are routinely some of the market’s hottest stocks, and it’s not unusual to have the market’s top performers double or even triple inside of a year. But finding those outperformers takes a lot of time and analysis. What if you could find winners with much…
Key takeaways One of the easiest ways to save money daily is to cut unnecessary expenses, such as unused subscriptions. Save money by joining loyalty programs at stores you visit often and using cashback credit cards to earn rewards on your spending. Set up automatic bill payments to avoid late…
Obtaining a small business loan can be overwhelming, but with proper preparation and these eight simple steps, you’ll be one step closer to getting the capital you need to achieve your business goals and grow. How to apply for and get a business loan 1. Understand your small business’s needs.…
If you’re looking for a fun way to make extra cash, game apps that pay real money might be worth exploring. While these apps won’t replace your day job anytime soon, you can earn some extra cash in your free time. Understanding how these apps work can help you set…
Moving away from home, making new friends and getting to class on time are some of the big changes college students face after high school. With all that this new group of adults is facing, it’s a wonder that there’s time for anything else, let alone investing. But surprisingly, college…
Key takeaways Alternative lending offers accessible eligibility requirements to help you get funding even with subprime credit or finances. Many alternative lenders don’t restrict how you use the funds and often pay out within 24 to 48 hours. Due to short terms and high interest rates, you can expect a…
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