Fresh off of a second huge stock market rally from a frightening decline in the past year, I thought it would be timely to do a bit of reflecting. For those with very short memories (or news avoiders), the stock market took an absolute nosedive in January through early February as oil prices bottomed out …
I recently highlighted a few different alternatives to stocks and low-interest cash savings. One of the options I mentioned was a money market fund (also known as a money market mutual fund). Money market funds are often confused for similar-sounding money market accounts – a type of savings account that banks offer, but they are …
I recently highlighted a few different alternatives to stocks and low-interest cash savings. One of the options I mentioned was a money market fund (also known as a money market mutual fund). Money market funds are often confused for similar-sounding money market accounts – a type of savings account that banks offer, but they are …
Discover 5 hidden risks of debt consolidation most guides overlook to make informed decisions and avoid costly financial pitfalls.
Credit unions, as fiscally conservative member-focused non-profit institutions that distribute profits to their members, are surely safer than for-profit banks with return-hungry shareholders, right? That was my thought. Much to my surprise, however, my research found that the opposite is true statistically. In the last decade (January, 2015 – January, 2025), 97 federally insured credit …
Long-time readers here know that personal savings rate is one of my favorite personal finance metrics (along with safe withdrawal rate, crossover point, net worth, and “usable net worth”, to name a few). No other metric is as apt at diagnosing your current “personal business” of household cash flow management. In its simplest form, Personal …
On September 18th, the U.S. Federal Reserve lowered its targeted Effective Federal Funds Rate (EFFR) – the rate at which banks borrow and lend each other money- by 0.5% from 5.25-5.50% to 4.75%-5.00%. The Fed also signaled a potential additional 0.5% rate decrease at the next Federal Reserve meeting, which takes place in early November. …
Compare debt snowball and avalanche methods to see which pays off $20K credit card debt faster and saves more interest for your situation.
Discover why renting is not throwing money away and learn the 3 types who benefit most from long-term renting with key financial insights.
Compare savings and lifestyle in Tier-2 cities with low salary versus Tier-1 high salary but costly living for better financial decisions in India.
