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Peloton to charge sizable ‘activation fee’ for used equipment purchases
Consumers in the United States and Canada who buy used Peloton exercise machines will face a “used equipment activation fee.” The fitness company, which reported its fourth-quarter earnings Thursday,...
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Canadian freight railroads shut down over union dispute
The two largest rail companies in Canada locked out nearly 10,000 unionized employees Thursday after failed labor talks, leading to a freight stoppage projected to cost the economy hundreds of...
View ArticleHow to Cope with Financial Stress During the School Year
Financial stress can be an overwhelming burden, particularly for students who are juggling academics, extracurricular activities, and perhaps even part-time jobs. The constant worry about tuition...
View Article5 types of financial advisors
alvaro gonzalez/Getty Images Having a financial advisor in your life can provide significant benefits, including organizing your finances and making smart financial decisions. A good financial advisor...
View ArticleFinancial advisor vs. financial planner: What is the difference?
Nitat Termmee/ Getty Images; Illustration by Austin Courregé/Bankrate Our writers and editors used an in-house natural language generation platform to assist with portions of this article, allowing...
View ArticleHow old do you have to be to get a credit card?
Key takeaways The minimum age to get a credit card is 18 years old. Card applicants under 21 years old need cosigners or proof of income to show issuers they can repay their balances. If you’re...
View ArticleHome improvement loans for seniors: Funding aging-in-place renovations
Key takeaways For those wanting to grow older in their own homes, HELOCs (home equity lines of credit), home improvement loans and home equity loans may be a good way to finance the necessary...
View ArticleWhat is a business debt schedule?
Key takeaways A business debt schedule is a list that gives an overview of your business’s debt load and financial profile. You may need a debt schedule when evaluating your business finances,...
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Why Invest in a Roth IRA?
Unlike traditional IRAs, contributions to a Roth IRA are made with after-tax dollars, meaning that withdrawals in retirement are tax-free. This makes Roth IRAs appealing for those who anticipate being...
View ArticleUnlocking your home’s hidden value ~ Credit Sesame
Credit Sesame defines the home equity loan and discusses how to unlock value in your home. Rising home values in your area could be a cause for celebration — but what if you don’t want to sell your...
View ArticleThe US added 818,000 fewer jobs this year than originally estimated
The U.S. Bureau of Labor Statistics just reported that the U.S. added 818,000 fewer jobs over the last 12 months (through March) than they previously predicted. The -0.5% difference was reported in...
View ArticleFed delivers, stocks jump, Walmart, Target price wars
Federal Reserve Chair Jerome Powell didn’t disappoint… Wall Street loved it. Vice President Kamala Harris formally accepted the nomination for president at the DNC but her promise to raise corporate...
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USPS could slow service in certain areas as it seeks to cut costs
The United States Postal Service (USPS) is considering cost-cutting measures that could result in slower mail delivery for long-distance and rural services. If the proposed changes are implemented,...
View ArticleAverage funeral cost
Key takeaways According to the National Funeral Directors Association, the average cost of a funeral ranges from $6,280 to $8,300 as of 2023. Life insurance could provide your family with financial...
View ArticleWhat is Solana and how does it work?
Solana is a type of cryptocurrency or digital currency that exists exclusively online. Solana was initially released in April 2019 and started trading at less than $1 per coin. Since then, its price...
View ArticleShould I get a student credit card?
Klaus Vedfelt/Getty Images Key takeaways A student credit card can come in handy if you have an emergency, have a large purchase or want to establish credit. Getting a credit card geared towards...
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The best debt consolidation loans for bad credit in 2024
jacoblund/ Getty Images; Illustration by Austin Courregé/Bankrate Key takeaways A debt consolidation loan is primarily meant to save money on interest by securing a lower APR and a shorter payoff...
View ArticleWhat is a DUNS number?
Key takeaways A DUNS number is issued by Dun & Bradstreet and helps build business credit. This number tracks business credit, regulatory filings and other financial information about your...
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Kamala Harris Supports Tax on Unrealized Capital Gains: What It Means for...
The Kamala Harris campaign has made one of its first concrete policy proposals this week with a tax plan. The centerpiece of the plan is a series of high-end tax increases on corporations and wealthy...
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Do 401(k) Contributions Automatically Stop When You Hit the Limit?
Understanding when 401(k) contributions stop is essential for employees who want to maximize their retirement savings. Contributions to a 401(k) plan are capped annually by the IRS, with limits for...
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