Saving more money is one of those big goals that a lot of people have, but get stuck. I know this because we use to be right there too. The year would fly by and we were nowhere near our goal. With a few months left, weâd scramble to figure out how to knock it out. It
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Imagine a world where the bank pays you to take out a loan. This is whatâs known as a negative interest rate, and while it may seem counterintuitive at first, it can have economic benefits in a struggling economy. So, how do negative interest rates work? During an economic downturn, banks may turn to negative
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Answers to 7 Money Management Questions You’ve Been Asking Manage your money and boost your retirement fund. Money management takes time, patience and some knowledge. While you don’t need to be an expert, you need to understand a few things to make the best decisions and plans. Here are the answers to the seven most
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We all rely on money in our everyday lives. Currency is simply a system for trading human time, and most people probably donât question it. Itâs easy to forget just how much our money usage as a society has evolved in the past few decades. After all, online banking only started gaining traction in the
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When you visit a doctor, you trust that theyâre going to do everything they can to help you become the healthiest version of yourself. Itâs reassuring to know that theyâll take care of you no matter what you look like or who you are. Doctors are a kind of fiduciary, but many other types exist
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In this time of uncertainty, paying off your student loans may feel even more complicated than usual â student debt has reached $1.6 trillion by 44.7 million borrowers in 2020. If youâre facing financial hardships, any debt you owe is likely harder to pay. Thankfully, there are options for getting student loans forgiven. Student loan
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Traveling is one of the best things in life, and luckily, low funds donât have to dash your dreams of enjoying an epic adventure. A wealth of destinationsâboth in the U.S. and abroadâare so affordable that even hardcore penny pinchers can visit without worrying about their wallets. So if youâre itching to get away, but
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Falling behind on payments, falling into debt, or defaulting on a loan all have the potential to result in repossession. But how does repossession work? It can be a complicated process, and there are different types of repossession to consider. Repossession often means that some authority â like a bank or debt collectors â gains
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For many, the idea of a recession can be extremely unsettling. In fact, itâs been a little more than a decade since Americans faced one of the worst recessions in history: The Great Recession of 2008 that was fueled by the collapse of the housing market. With the coronavirus pandemic having upheaved economies across the
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As countries across the world move toward digital currency and cashless societies, it’s important to be aware of the risks that technology can pose for your finances. With the prevalence of ecommerce and online payments, anyone can be a target of fraud and identity theft. Familiarize yourself with these 25 credit card fraud statistics and
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