How Federal Reserve’s series of rate hikes could affect your finances
As interest rates increase, many economists say they fear a recession could happen — and with it, job losses that may cause hardship for households already badly impacted by inflation.
November inflation rises at the slowest rate this year, beating expectations
Inflation rose 7.1% year-over-year in November, a slowdown from the 7.7% increase in October. Here's what this means for the economy and future interest rate hikes.
Gas prices plunge to new low, expected to keep dropping in 2023: AAA
The national average cost for a gallon of gas fell to $3.26, 52 cents less than a month ago and six cents less than a year ago, according to AAA.
How to stretch your holiday shopping budget this December
Personal finance expert Bola Sokunbi from Tally dishes out helpful tips for making your money go longer this holiday season to buy gifts for those you love.
Mortgage rates to stay high in 2023: Freddie Mac
High mortgage rates and home prices are creating a weak housing market. Here’s how to lower your rate and monthly payments.
What to know before you invest in cryptocurrency
MoneySkool founder Dion Pouncil dishes out helpful advice for those looking to enter the cryptocurrency market.
Credit card balances hit record high amid inflation: TransUnion
Inflation and an uncertain economy influenced record-high credit card balances in the third quarter of 2022, according to TransUnion. Here’s how you can pay off your high-interest debt.
What is the first-time homebuyer tax credit and how does it work?
The new version of the first-time homebuyer tax credit hasn’t passed Congress yet, but there are some tax credits homeowners can take advantage of today.
Tips for negotiating a raise
Personal finance expert Dan Roccato dishes out advice for how to go about approaching your boss for a raise.
Millions of Americans mistakenly notified of student debt forgiveness approval due to ‘human error’
According to an Accenture spokesperson, an email was “sent to a number of student loan debt relief applicants with an inaccurate subject line.”
Still missing your tax refund? The IRS will soon pay you 7% interest
Taxpayers still waiting to receive their 2021 tax refund will soon be paid 7% interest on the money by the IRS – but the money is taxable.
Job growth spikes in November, interest rates expected to continue rising
The economy added more than 260,000 jobs in November and wages increased, but economic uncertainty is still a concern for many Americans. Here’s how to manage your finances today.
Recession is expected in Q1 2023: Bank of America
Bank of America economists expect a recession to emerge in the beginning of 2023. Here’s how to keep your finances on track.
Fannie Mae, Freddie Mac to back mortgages over $1M
The FHFA announced higher mortgage loan limits surpassing $1 million, giving borrowers access to larger loan amounts without taking out a jumbo mortgage.
Supreme court to hear arguments on Biden's student loan forgiveness plan next year
The Supreme Court will rule over the legality of Biden's student loan forgiveness plan, but private loan borrowers won't qualify if it gets approved. Here's what to do if you can't get student loan relief.
What can investors do to recoup from crypto crash?
The recent collapse of crypto exchange FTX has created a massive ripple effect, some even calling for digital currency to be regulated. Investment expert Dion Pouncil explains what you can do if you invested in crypto.
New property tax increases hit Hispanic wards hardest in Chicago
Most Cook County property owners will see a larger tax bill this year, but owners in gentrifying Latino neighborhoods in Chicago will see some of the biggest hikes.
Fed minutes indicate interest rate increases may slow soon
The Federal Reserve said that reaching its target inflation rate of 2% is more important than the pace of rate hikes, signaling that it may begin to slow the pace of future interest rate increases.
States issue inflation-relief payments, including Illinois and Indiana
States are also offering expanded tax credits.
Illinois and Indiana issue inflation-relief payments
States are also offering expanded tax credits.