Tag: interest rates
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Interest Rate Roundup: How 2024 Stacks Up!
Remember that “interest rate” thing your parents talk about? It’s basically the fee you pay to borrow money or the reward you earn for saving it. Let’s explore how interest rates are affecting different areas in 2024 and how you can use them to your advantage! Mortgage Mayhem: Home loan rates, after staying low for…
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Swipe Smart: Why Credit Cards Can Be Your Secure Shopping BFF
Hold on, debit card fans! Before you reach for your plastic for that new video game, hear me out. While debit cards are convenient, credit cards can be your everyday spending BFF when it comes to security, points, and perks. Let’s dive in and see why! Security Shield: Imagine someone stealing your debit card number.…
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Credit Cards: Friend or Foe? Stats and Tips for 2024
Plastic power! Credit cards can be super handy for everyday purchases, but using them wisely matters. Let’s dive into some credit card stats for 2024 and explore ways to keep your credit card a friend, not a foe. Debt on Deck: In 2024, the average American carries around $5,700 in credit card debt, according to…
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Why a High-Yield Savings Account Can Boost Your Cash in 2024?
Imagine your piggy bank earning more money just by sitting there! That’s the magic of a high-yield savings account. But before you grab your spare change, let’s break down what it is and why it might be a smart move for your 2024 savings goals. High-Yield vs. Regular Savings: Think of a regular savings account…
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Why Are Americans Saving Less?
Remember stashing away your birthday money in a trusty piggy bank? Well, for many Americans, that habit seems to be fading. Let’s dive into the state of consumer bank account savings in 2024, and why those piggy banks might be feeling lighter. The Skinny on Savings: In 2024, the average bank savings account balance in…