Latest Personal finance News
Student loans are back. Is it time to consolidate your credit card debt?
The federal student loan payment pause that began in March 2020 is ending. Loans began accruing interest on Sept. 1, and borrowers will start making payments in October. But the restart comes at a tricky time for Americans’ finances. Credit card debt is at a record high — $1...
Millennial Money: 5 options if you’re crushed by student loan and credit card debt
The return of federal student loan payments in October has the potential to derail your finances, especially if you’re already struggling with credit card payments. One in five student loan borrowers have risk factors that suggest they could struggle with student loan payments when...
Kimberly Palmer: A fall financial cleanse could get your spending back on track
If summer is a season of spontaneity and indulgence, then fall offers a counterpoint: It’s a chance to get back on schedule, and back on budget. “Summer, with travel and no school, tends to be a really spendy time. The fall is a nice reset,” says Ashley Feinstein Gerstley, a...
Kimberly Palmer: How to get comfortable with taking smart financial risks
Making money, whether by putting cash into the stock market, buying a home or jumping to a better-paying job, requires some degree of risk. While embracing any of those moves might feel as scary as skydiving off a cliff, there are times when a little risk makes financial sense. “In...
Millennial Money: Are luxury investments a good idea in this economy?
Some people collect luxury goods such as investment pieces. Think of a Birkin bag, art by the legendary Jean-Michel Basquiat or a Rolex. Anything considered timeless or high-quality and that appreciates in value can be called an investment piece. The luxury market tends to be more...
Meme stocks are back as investors buy shares of beaten-down companies such as Yellow and Tupperware
NEW YORK (AP) — A new class of meme stocks has sprung up during the stock market's surprise recent rally, raising concerns about investors' willingness to take on bigger risks amid a still uncertain economy. Meme stocks are typically weak companies on the verge of failing, but that...
How a credit card strategy helped me save over $1,100 on a home remodel
The morning after the hurricane hit Florida, I got a text from my tenant. “I have completely moved out,” he wrote after the storm last fall, wishing me an abrupt “good luck” despite having been there over three years, with eight months left on his lease. The wind had just...
Liz Weston: Don’t let your credit scores retire
Getting rid of debt before retirement is often a good idea. Getting rid of your credit scores? Not so much. People who stop using credit also stop generating enough data to produce credit scores, the three-digit numbers used to gauge creditworthiness. Not having scores can make it...
How to pay for an expensive summer move
Packing your things and moving to a new home is a financial hurdle even in the best of times, but higher demand for moving-related services in the summer can send prices skyrocketing. If you’re wondering how to pay for an upcoming move, there are financing options, including credit...
Millennial Money: 4 takeaways from Netflix's money shows
In the past year, streaming service Netflix has released two financially focused offerings: the film “Get Smart With Money” and the series “How to Get Rich.” Both feature powerhouse financial influencers who help people reevaluate their approaches to money to educate and empower them. Here...
