Does your family celebrate Amazon Prime Day? Over half of Amazon customers are estimated to be members of Amazon Prime, a staggering figure. Prime Day 2018 was the biggest shopping day of the year, exceeding even Black Friday and Cyber Monday, with 89 million visitors logging on and over 100 million products sold. Prime Day
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America’s credit card debt is nearly $1 trillion, according to Federal Reserve data. How much of that debt belongs to your kids? The 2019 Parents, Kids, and Money Survey from T. Rowe Price shows that credit card use has skyrocketed among 8-to-14-year-olds over the past seven years – from 4% in 2012 to 17% today.
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Few things are more effective at fighting identity theft than credit freezes. When you freeze your credit, potential lenders can’t access your credit file to assess the risk of lending money to you. No risk assessment means no credit – so identity thieves can’t use your stolen information to create fake accounts in your name.
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You finally made it through college and graduated with a degree, a new set of friends, great memories, and most likely a significant amount of student loan debt. How can you manage paying such a substantial debt on a starting salary (assuming you were fortunate enough to find a job at all)? It is not
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By Laurence Jankelow, cofounder at Avail Whether you’ve owned your two-flat duplex for years or you’re trying to decide whether real estate is the right addition to your portfolio, it’s important to think of rental property as an investment. Like any investment, your goal should be to maximize returns. You don’t need to predict which
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Total student debt in America is almost $1.5 trillion, while the average person with education debt in 2018 owed between $20,000 and $24,999. This massive debt load threatens the ability of recent and future graduates to reach their goals of home ownership and economic independence. How can you successfully get your children through college without
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When you were a first-time homebuyer, you were probably surprised by the total amount of fees and closing costs. Are you familiar with the costs on the selling side? A recent study from Zillow and Thumbtack calculated the average costs of selling a home both nationwide and in specific markets. The national average is $20,851,
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Some trends fade and then return after a few decades or so, like bell bottoms and tie-dye. You probably have a few things in the back of your closet waiting patiently to become a hot new retro-style – whether that’s good or bad for society in general. Unfortunately, that’s true for financial trends as well
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By Andrea Woroch After months of heavy spending – and eating – people across the country start to think to themselves: this isn’t sustainable.Like clockwork, Americans make ambitious plans.January is the big month, but that’s just the beginning.Or, so they think. According to U.S. News & World Report, by the second week of February, some
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Hey, We Agree On Something It’s difficult to get a bill passed on a bipartisan basis in the current Congress, but the latest retirement bill is one of those rarities. The Setting Every Community Up for Retirement Enhancement (SECURE) Act is designed to give Americans greater access to retirement funds while making it easier to
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How much of your available credit are you using right now? Experts generally suggest keeping your credit utilization ratio – the amount of credit in use compared to your credit limits – below 30% to keep your credit score high. A new study from CompareCards.com shows that many Americans are struggling to meet that goal,
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“Attention, employers. This is Denise. She’s just entering the working world, but she’s already concerned about retirement. She knows that traditional defined benefit pensions covered 84.4% of workers in 1979 but only covered 27.7% as of 2015 – and the share probably hasn’t been increasing. She expects you to offer a 401(k) or similar defined
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Risky home loans led to the 2008 housing crisis and the subsequent Great Recession. Regulators and lenders quickly tightened mortgage-underwriting standards to prevent future crashes. Have we forgotten the roots of the housing crisis in just over a decade? The Federal Housing Administration (FHA) thinks so and has taken action to reverse trends showing increased
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You see lines on your credit or debit card statement that read “APL*ITUNES.CON/BILL 866-712-7753 CA” or something similar. Where did all those charges from iTunes come from? Maybe it’s your spouse downloading audiobooks. Maybe it’s your kids downloading their favorite songs or inadvertently making in-app purchases while playing online games. Maybe it’s subscription renewals that
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“Honey, our taxes are just too high. We’re moving to Alaska,” said no one, ever. Nevertheless, a new study from the moving assistance website HireAHelper.com found that your state tax burden could change drastically with an interstate move. According to the study, if you move from the District of Columbia to Tennessee, your collective state
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Mistakes are part of the human condition; it’s impossible to avoid them 100% of the time. But financial mistakes are in a class all their own — they tend to have a snowball effect and get worse over time. A seemingly small money mistake in your twenties can have outsized consequences in your thirties, forties,
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A recent survey by Credit Takeoff revealed that although the majority of the 500 American respondents prioritize having a good credit score, many have a poor understanding of how credit scores and credit reporting work. Only 28% Are Very Knowledgeable About How Their Credit Score is Calculated The results of the survey suggest that Americans
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