At this point in our retirement series, you should have a solid understanding of how to save for retirement. So far we’ve gone over how much you should save from your paycheck for retirement, the different investment accounts, like 401k or 403b, and more. If you haven’t…
Most people have a different definition of a comfortable living, so addressing how much you should have in your 401(k) is not a simple black-and-white answer—the amount will vary based on age, lifestyle, and finances.
So far in our retirement series, we’ve covered a…
Social Security Benefits Defined
Social Security is an income replacement program in the U.S. During your career, you will pay Social Security taxes which contribute to this fund and benefits are then dispersed to you once you retire or if you can no longer work due to a…
Frequently asked questions What is homeowners insurance? A homeowners policy is insurance that protects you financially if a fire damages your home, someone steals your belongings or another catastrophe strikes. Homeowners insurance is generally required by mortgage lenders.
The credit card company Ollo offers two card options for consumers — one designed as a credit-building product and one that earns rewards. The Ollo Platinum Mastercard ($0 annual fee). The Ollo Rewards Mastercard ($0 to $39 annual fee). The cards, issued by the Bank of…
Discover has launched an Online Privacy Protection benefit for debit and credit cardholders that will help remove their personal information from several “people-search” websites that legally gather and sell it. The benefit will be rolling out in stages over the next few…
When you’re faced with a considerable expense, such as a renovation project or education costs, you may decide to tap your home’s equity. If you don’t know exactly how much you need — or if you’re planning a series of projects — a home equity line of credit, or…
In an effort to expand global coverage, many airlines have formed unique alliances with each other. Oneworld, SkyTeam and Star Alliance are the three major players. As a result, you — the passenger — get to enjoy a more coherent flying experience. You have the ability to…
American Express Membership Rewards and Chase Ultimate Rewards® are two of the most popular and well-established transferable points programs in the points and miles world. However, when comparing AmEx points versus Chase Ultimate Rewards® points, which comes out on top?
SumUp gives users a simple, low-cost way to accept card payments. Each of its three card readers offer basic functionality for less than $100, and there are no monthly charges or contracts required to use them. The platform also offers a competitive flat-rate payment…
Credit cards can be an effective tool to build credit whether you’re starting out or seeking a second chance, but they aren’t always easy to get. Options may be limited depending on a card issuer’s credit history requirements. If you don’t know where your credit…
Welcome to NerdWallet’s Smart Money podcast, where we answer your real-world money questions. This week’s episode starts with a discussion about how to save money as a guest during the 2022 wedding season. Then we pivot to this week’s money question from Sarah, who…
The best car insurance companies give their customers more than just coverage they want at a reasonable price. They also provide a customer-first experience from quote to claim, including a headache-free way to manage policies and make payments. How we ranked the top auto…
Upon paying off between $12,000 and $15,000 in credit card debt in 2019, Yamiesha Bell, a special education teacher in New York, didn’t break up with her credit cards. With goals to buy a car and a house, Bell hoped to preserve her credit history by keeping her cards open…
Dogecoin is a cryptocurrency that began as a lighthearted reference to one of the internet’s most enduring memes. But in recent years it has become one of the most highly valued digital assets — thanks in large part to a devoted community of users who continue to promote…
So far in this series, we’ve answered important questions about budgeting, such as “What is a budget?” and “Why is budgeting beneficial?” This series has been focusing on how using a budget can help you keep your spending in check and ensure your savings goals are…
This is the last chapter in our budgeting series, and we’ll be talking about how to set goals in Mint. Once you’ve created your budget and have learned how to successfully manage it, you should then set goals for yourself. You can use Mint to create and manage your goals…
So far in this series, we’ve discussed what a budget is, what you should include in a budget, and the various ways you can make a budget–including zero-based budgeting, which we covered in Chapter 8. Now that you have all the budgeting basics, we’ll cover how you can…
Putting your money to work is one of the best ways to maximize your financial potential. Whether you make six figures a year or minimum wage, every dollar you bring in is an opportunity to make more.
But strategically allocating your finances is about more than just…
What is an asset? An asset is anything you own that has monetary value. An investor trades assets expected to grow in value and produce income. Common investment assets are stocks, bonds, cash, real estate and commodities. Why assets matter Assets are meant to grow in value…
