Mortgage lenders often show interest rates openly but rarely explain how they actually work. For example, if you have a 30-year mortgage of $200,000 with a 7.5 percent interest rate, your monthly payment is roughly $1,400. But how is this 7.5 percent interest rate determined? It’s based on the monthly interest derived from dividing the…
Choosing the right rewards credit card can feel overwhelming with so many options available. Each card offers different reward rates, types of rewards, and rules for earning and redeeming them. Picking the wrong card could mean missing out on valuable benefits or cash back. To help you out, here are the top 10 rewards cards…
Black Friday has become a popular event in many households, with stores opening early on Thanksgiving night to welcome crowds of eager shoppers looking for big discounts. While some deals are great, others are designed to catch your eye and get you to spend more. So, how do you tell the good deals from the…
Did you know that 17 million people in the United States don’t have a bank account? The reasons can vary, but many millennials think they don’t need one. Despite the growing distrust in financial institutions, having a checking account is essential for managing your money every day. Here are five solid reasons why you need…
Some businesses need a special kind of insurance that isn’t covered by regular insurance plans. This led to the development of commercial combined insurance, meant for high-risk industries like construction, engineering, manufacturing, wholesale, and mining. This type of insurance offers comprehensive coverage tailored to these kinds of ventures. Within commercial combined insurance, there are customized…
If you’re a regular reader of personal finance sites, you’re probably familiar with the idea of having a side job or hustle. However, one thing that’s often overlooked is the importance of diversifying your side hustle. While it may start off profitable, situations can change, so it’s smart to diversify your income streams to protect…
A day spa is the perfect place to unwind, indulge in self-care, and refresh yourself. Whether you need to relax after a tough week at work, escape the routine as a homemaker, or simply relieve some stress, a day spa has everything you need. With peaceful surroundings, hot baths, beauty treatments, massages, and delicious food,…
Stay-at-home moms with wealthy partners can now rejoice. Life for these glamorous SAHMs (Stay-At-Home Moms) in Manhattan’s Upper East Side is likely far more fascinating than what most people could imagine. According to Wednesday Martin from the New York Times, these women are in their thirties, have attended top schools, married rich husbands working on…
A Home Equity Line of Credit, or HELOC, is basically a second mortgage that lets homeowners tap into their home equity for credit. It uses the home’s equity as collateral. Let’s break down the differences and advantages of a HELOC compared to a home equity loan, so you can choose the best option for you….
Achieving financial wellness requires careful planning and disciplined money management. I speak from experience, as I didn’t always prioritize investing, saving, or diversifying my financial portfolio. Over the years, we’ve seen the ups and downs of financial markets, and diligent investors have enjoyed significant returns from Wall Street since 2009/10. For the past six years,…