How to Convert Factor Rates to Interest Rates
Key takeaways Factor rates are a decimal that you use to multiply the entire loan by to get the total loan cost. Factor rates do not incorporate loan fees into its rate, as APRs do, making it...
View ArticlePersonal finance weekly news roundup December 21, 2024 ~ Credit Sesame
Credit Sesame’s personal finance news roundup December 21, 2024. Stories, news, politics and events impacting personal finance during the past week. U.S. household wealth rises in Q3 2024 The total...
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Group behind viral ‘Hawk Tuah’ star’s meme coin hit with lawsuit over crash
The group behind the meme coin named after viral “Hawk Tuah Girl” Hailey Welch has been hit with a lawsuit from investors after the $HAWK coin crashed within hours of its launch. The complaint filed...
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Labor force participation among US-born American men has plunged amid soaring...
Native-born American men have been fleeing the workforce in droves in a decades-long trend that coincides with a rise in immigration, according to a new analysis sounding the alarm on the issue. The...
View ArticleTax Reform Bill: How Does It Impact You
Just when you started getting comfortable with your annual chore of tax filing, the 2018 tax reform bill hit the scene—and everything changed. From tax rates to deductions, a whole bunch of tax...
View ArticleHow to Buy Gifts This Year Without Missing a Credit Card Payment
The holiday season is a time for joy, celebration, and gift-giving. However, it can also bring about financial stress and anxiety, especially if you’re worried about managing your credit card payments...
View ArticleNeed-based Financial Aid: What It Is & How To Qualify
Key takeaways College aid may be given through need-based or merit-based aid. Need-based aid includes Pell Grants, work-study programs and Direct Subsidized Loans. Your FAFSA will determine your EFC,...
View ArticleWhat Is A 529 Plan For College Savings?
Key takeaways 529 plans are tax-advantaged accounts that allow a beneficiary to use the funds for qualified education expenses. Funds contributed to a 529 plan are allowed to grow tax-deferred. The...
View ArticleWhat is the Beneficial Ownership Information report?
Key takeaways The Beneficial Ownership Information (BOI) report identifies company ownership and is required filing for business entities by Jan. 1, 2025. Businesses can file the report online through...
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Tesla recalls over 694K vehicles software update related to tire pressure
Tesla has recalled more than 694,000 of its Model 3, Model Y and Cybertruck electric vehicles. The recalled vehicles “installed a software release that was not compliant with the tire pressure...
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In-person shopping makes a comeback amid record-spending holiday season
Shoppers are ready to drop some cash this holiday season as total spending this year is expected to be at least $24 billion higher than last year, according to the National Retail Federation. Online...
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How to Set Goals for 2025
So, you’re looking ahead to the new year and ready to start setting goals for 2025. How exciting! Maybe you’ve made up your mind to finally pay off your student loans by the time next Christmas rolls...
View ArticleDo Student Loans Affect Your Credit Score?
ferrantraite/Getty Images Key takeaways Student loans can help boost your credit score over time if you make the monthly payments on time and in full. Having student loans also diversifies your credit...
View ArticleBest Total Stock Market Index Funds
Index funds have gained enormous popularity with investors over the past few decades as a cost-effective way to gain access to highly diversified portfolios. Through mutual funds and ETFs, total...
View ArticleThe Risks of Financing A Small Business
Business financing is often necessary for small businesses to grow when they lack the income or capital to expand on their own. But it’s important to understand the risks of taking on business loan...
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