62.44 F
New York
May 23, 2022

Personal saving

Buyers are making concessions to nab a home. Here’s what they’re doing

CNBC Real Estate
Westend61 | Westend61 | Getty Images In this competitive housing market, buyers are willing to make some concessions to either cut costs or land their dream home. Some 58% of U.S. adults would be willing to take action to find housing that is more affordable, with Gen Z and millennials......

Student loan forgiveness could be around the corner. What to do while you wait

CNBC
CNBC – For more and to sign up click here Kool99 | Istock | Getty Images Contact your lender Because of the pandemic-era payment pause on student loan bills, most borrowers haven’t made a payment in more than two years. Now the bills are set to arrive in mailboxes again......

NBA champion Dwyane Wade shares his three best tips for managing money

CNBC
CNBC – For more and to sign up click here Dwyane Wade still moves fast but this time it’s off the basketball court. The retired three-time NBA champion for the Miami Heat has investments in media companies and consumer products. Wade, 40, has purchased an equity stake in two sports......

Recession is ‘likely,’ former SEC chief economist says. Here’s his advice for how to prepare

CNBC
CNBC – For more and to sign up click here Larry Harris Source: Larry Harris To tame the recent inflationary spike, the Federal Reserve signaled it will continue to raise interest rates. When rates are high, consumers get a better return on the money they stash in a bank account......

What to think about when saving for near-term goals amid choppy markets, rising interest rates

CNBC Real Estate
As inflation soars and markets slide, many investors are wondering what’s coming next. Traditional advice dictates that long-term investors — those who are focused on retirement dates further down the road — should stay the course in the markets. But those with shorter time horizons of three- to five-years for......

Here’s what to consider before staring a side hustle

CNBC
CNBC – For more and to sign up click here Side hustles have become an increasingly popular way to boost income. But are they necessary to reach financial freedom? “The answer is no,” said Gorick Ng, author of “The Unspoken Rules,” adding that there are plenty of people who don’t......

Emergency savings take a hit as households adjust their finances amid high inflation, study shows

CNBC
CNBC – For more and to sign up click here Jim Watson | AFP | Getty Images It appears emergency savings are another casualty of high inflation. About one-third of adults are contributing less to their emergency funds so that they’re able to cover their everyday expenses, according to research......

Why it’s a good time for young investors to put money in the market

CNBC
CNBC – For more and to sign up click here FG Trade | E+ | Getty Images Opportunities in the dip For young investors with the longest time horizons to plan for retirement, today’s market downturn also provides an opportunity, according to Paula Pant, host of the podcast “Afford Anything.”......

It’s best to stay the course with your 401(k) amid choppy markets. But there are moves you can make to get ahead

CNBC
CNBC – For more and to sign up click here Days of record market losses may inspire 401(k) investors to take action. Yet most experts caution against doing just that. The reason: Days when the markets are down tend to be closely followed by days when the market is up.......

Congress seeks ways to reduce Social Security customer service delays

CNBC
CNBC – For more and to sign up click here Eakgrunge | Istock | Getty Images Many people who have dialed the Social Security Administration’s toll-free number during the Covid-19 pandemic have faced long wait times. In an effort to alleviate the customer service issues, Congress this week held a......

High-yield bonds may lose appeal amid rising interest rates

CNBC
CNBC – For more and to sign up click here MoMo Productions | DigitalVision | Getty Images If you’re chasing portfolio income, you may be eyeing high-yield bonds, also known as junk bonds, which typically pay more interest but carry greater risk. Since interest rates and bond prices move in......

Americans are more stressed about money than ever, and it’s hurting our mental health

CNBC
CNBC – For more and to sign up click here Americans are more stressed about money than they’ve ever been, according to the American Psychological Association’s latest Stress In America Survey. “Eighty-seven percent of Americans said that inflation and the rising costs of everyday goods is what’s driving their stress,”......

You might start hearing about capitulation in the markets. Here’s why you should invest anyway

CNBC
CNBC – For more and to sign up click here Nosystem Images | E+ | Getty Images Amid market turmoil, there’s a term that analysts often start throwing around: investor or market capitulation. It generally means a point at which investors throw in the towel and sell, basically giving up......

How to sidestep a tax bomb when selling your home

CNBC
CNBC – For more and to sign up click here With soaring prices and record home equity, you may expect a profit from selling your property. But the windfall may trigger an unexpected tax bill next April.  While home profits dipped slightly, the typical single-family seller still scored a $103,000......

Nearly 40% of investors who pulled money out of markets in the last year regret it

CNBC
CNBC – For more and to sign up click here Moyo Studio | E+ | Getty Images Many investors who pulled money out of the stock market in the last year now regret their decision. Some 38% of investors said they sold stocks last year due to a current event,......

Inflation is the ‘top problem’ facing America, with no other issue coming close, survey shows

CNBC
CNBC – For more and to sign up click here A worker stocks items inside a grocery store in San Francisco, California, May 2, 2022. David Paul Morris | Bloomberg | Getty Images Meanwhile, President Joe Biden also has faced blowback over continued inflation and plans to address the issue.......

Post-pandemic, four years of college steadily loses its appeal

CNBC
CNBC – For more and to sign up click here Xander Miller, 18, will graduate from Hastings High School in Hastings, Minnesota, this June, and he has big plans for his future. Rather than attend Minnesota State or get a liberal arts degree like his older brother, Miller is enrolled......

She’s been pushing for student loan forgiveness for a decade. Now it could happen

CNBC
CNBC – For more and to sign up click here Astra Taylor Source: Isabella De Maddalena Astra Taylor took out her first student loan at 17. She attended Brown University and The New School, and owed tens of thousands of dollars when she defaulted on her debt during the 2008......

Want to buy more than $10,000 in nearly risk-free I bonds? Here are a few strategies

CNBC
CNBC – For more and to sign up click here Chris Ryan | Getty Images I bonds have surged in popularity as riskier assets slip. The bonds are backed by the federal government, the principal doesn’t lose value and the bonds earn monthly interest through two parts, a fixed rate......

Here are some strategies to pay off credit card debt before interest rates rise again

CNBC
CNBC – For more and to sign up click here Interest rates are set to rise again, making it a good time to pay off high-cost credit card debt as soon as possible. Annual percentage rates on credit cards are currently just over 16%. Because the Federal Reserve is in......

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Click whichever is suitable. Accept Read More