Archive | money

How (and Why) to Give Cryptocurrency as a Gift This Year

Considering that it’s one of the few things unaffected by supply chain issues, you might be want to consider gifting friends and family cryptocurrency for the holidays this year. Of course, cryptocurrencies are risky investments due to their volatility, so you’d have to be comfortable with crypto as a “fun” gift that…Read more… Continue Reading […]

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How (and Why) to Give Cryptocurrency as a Gift This Year

Considering that it’s one of the few things unaffected by supply chain issues, you might be want to consider gifting friends and family cryptocurrency for the holidays this year. Of course, cryptocurrencies are risky investments due to their volatility, so you’d have to be comfortable with crypto as a “fun” gift that…Read more… Continue Reading […]

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Why a Crypto Rewards Credit Card Is Probably a Bad Idea

With crypto rewards cards, a small percentage of your purchases can be redeemed for cryptocurrency instead of cash back or points redeemed in a rewards portal. But just because you can combine your credit card rewards with cryptocurrency speculation, doesn’t mean you should, as less risky cash back redemptions might…Read more… Continue Reading at https://lifehacker.com

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The Difference Between a Charge Card and Credit Card (and Why It Matters)

If you’ve heard the phrase “charge card” and thought it was referring to a credit card, that would be understandable since the terms are often used interchangeably. However, a charge card is an entirely different product with no credit limit or interest charged, unlike a credit card. Here’s a closer look at the… Read more…

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What You Should Know About the Increases to 401K Maximum Contributions

The IRS announced last week that workers will be able to set aside an extra $1,000 in their 401(k) accounts in 2022. The change was made as part of cost-of-living adjustments to retirement accounts; although, if you have an individual retirement account (IRA), you’re out of luck—contributions will remain unchanged at…Read more… Continue Reading at […]

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What You Should Know About the Increases to 401K Maximum Contributions

The IRS announced last week that workers will be able to set aside an extra $1,000 in their 401(k) accounts in 2022. The change was made as part of cost-of-living adjustments to retirement accounts; although, if you have an individual retirement account (IRA), you’re out of luck—contributions will remain unchanged at…Read more… Continue Reading at […]

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The Unexpected Ways a Bad Credit Score Messes With Your Life

While you might think of credit scores as the make-it-or-break-it measure in qualifying for mortgages or car loans, they also an impact in other areas of your life as well. Here’s a look at some lesser-known ways a bad credit score or spotty credit history can end up costing you more money.Read more… Continue Reading […]

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Why a 401(k) Might Not Be Enough for Retirement (and What Else You Should Do)

While 401(k)s plans are often seen as “set it and forget it” investment accounts, they’re not always guaranteed to cover all of the costs of retirement. With contribution restrictions, fees, taxes, and mandatory withdrawals, 401(k)s do have their limitations. This is why putting money into other types of investments…Read more… Continue Reading at https://lifehacker.com

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Is ‘The Smartest Credit Card Ever Made’ Actually That Smart?

The much hyped X1 credit card, billed as “the smartest credit card ever made” is now finally available to the general public, but is it as innovative as its marketing suggests? Indeed, there are some unique perks, along with a good rewards rate—especially for a no-fee card—although the reward redemption options are…Read more… Continue Reading […]

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This Damning Report On Car Loans Is The Scariest Thing You’ll See This Halloween

Auto loans have long been what we in the industry call “a shitshow.” Long terms, high payments, and predatory lending tactics have dominated the industry for years. Now, a terrifying study from Consumer Reports shows that things are worse than anyone thought — and with increasing investment in auto-loan-backed…Read more… Continue Reading at https://jalopnik.com

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Why ‘Tax Diversification’ Is a Smart Investment Strategy

Most people are familiar with portfolio diversification, which is a fancy way of saying “don’t put all your eggs in one basket,” but fewer people think about tax diversification. It’s the same idea, except instead of investments, it’s about strategically spreading out your tax risk—because tax rates can change…Read more… Continue Reading at https://lifehacker.com

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When to Downgrade Your Credit Card Instead of Canceling

When you have a credit card with an annual fee, you have a couple options to consider if you barely use it: cancel the card outright, or downgrade to a lower-tiered card. Since credit cards can be debt traps, you might think that canceling the card is the best option, and that’s certainly a good […]

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How to Spot Counterfeit Money Like a Secret Service Agent

While cash isn’t as commonly used as it used to be, counterfeit bills are still a problem. According to the Treasury Department, an estimated $70 million in counterfeit bills are in circulation, or approximately one counterfeit note for every 10,000 in genuine currency—although it could be much more than that. That’s…Read more… Continue Reading at […]

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How to Save Money Like a ‘Super Saver’

A new survey offers some insights into the habits of “super savers,” who are defined by their ability to sock away 90% of the contribution maximum for their 401(k)s (or alternatively, at least 15% of their pay). Of course, making a lot of money helps, too (duh), but half of the respondents included made less […]

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These Apps and Sites Can Help Protect You From a Bad Landlord

Unless you’re incredibly fortunate, your time as a renter has probably included a bad landlord or two. Whether they want to keep your deposit for questionable reasons or refuse to answer requests for repairs, there are a few helpful apps and websites that can get you out of a sticky situation—or help you avoid one…Read […]

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What to Do With These Last Three Months of Deferred Student Loan Payments

With the student loan freeze on interest and payments expiring Jan. 31, 2022, there’s still time to use that extra cash to improve your finances over the remaining three months, especially if all your other recurring expenses haven’t increased since the pandemic began. Here’s a look at some of your best options.Read more… Continue Reading […]

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How to Use the 50/15/5 Rule for Spending and Saving

Sometimes the best way to stick with a budget is to follow a simple rule that doesn’t dictate how every last dollar should be spent. That’s the idea behind the 50/15/5 rule, which offers guidelines on managing your monthly budget while still keeping you on track of your saving goals. This rule is most relevant […]

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