The rise in inflation affects much more than just prices. These are additional effects you should know.

Inflation obviously involves spending challenges. Rising prices mean consumers might need to shop more carefully, pare back on purchases and still face higher bills for food, shelter, gasoline, appliances, vacations and other purchases. With U.S. inflation now running at an annual pace of 8.6%, a four-decade high, the topic has taken on more urgency. Most economists expect inflation – which…

Read More

Medical Debt Under $500 Will Be Removed From Credit Reports

Medical Debt Under $500 Will Be Removed From Credit Reports The next phase of the Biden Administration’s program that changes the way medical debt is recorded on credit reports is underway. NerdWallet personal finance expert Sara Rathner joins host J.R. Whalen to discuss what this could mean for many Ameircans’ credit scores. 00:00 / 08:061x…

Read More

What Is a Good Credit Score? How Do I Get a Good Credit Score?

Generally speaking, 690 to 719 is a good credit score on the commonly used 300-850 credit score range. Scores 720 and above are considered excellent, while scores 630 to 689 are considered fair. Scores below 630 fall into the bad credit range. FICO, the most widely known credit scoring system, and its competitor VantageScore both…

Read More

Four Ways to Save Money on Car Insurance as Rates Rise

Cost of insuring car jumped 8.3% in past year, projected to rise as much as 10% more in 2023, analysts say Car insurance is getting more expensive and inflation is only partly to blame. Here are four moves to consider to save money. The cost of insuring a car jumped 8.3% in the past year…

Read More

Saving strategies change as inflation continues climb

Rising inflation has led to a significant change in the way Americans are saving money, according to a recent Nerdwallet survey, as 7 in 10 consumers said they’re switching up their penny-pinching habits. The Bureau of Labor Statistics reported in June that inflation rose 8.6% over the last year. The survey also found consumers are keeping more money…

Read More

Saving strategies change as inflation continues climb

 Rising inflation has led to a significant change in the way Americans are saving money, according to a recent Nerdwallet survey, as 7 in 10 consumers said they’re switching up their penny-pinching habits. The Bureau of Labor Statistics reported in June that inflation rose 8.6% over the last year. The survey also found consumers are keeping more money…

Read More

Saving strategies change as inflation continues climb

Rising inflation has led to a significant change in the way Americans are saving money, according to a recent Nerdwallet survey, as 7 in 10 consumers said they’re switching up their penny-pinching habits. The Bureau of Labor Statistics reported in June that inflation rose 8.6% over the last year. The survey also found consumers are keeping more money…

Read More

5 tips for paying off debt

Really know your budget: Making the most of each dollar coming in and going out will help you stay focused as you pay off your debt. Lower your bills: By cutting what you’re paying toward bills every month, you’ll have more cash to put toward your debt payoff. Make more money: Pick up a side…

Read More

PERSONAL FINANCE

How the Federal Reserve’s rate hike impacts student loan borrowers The Federal Reserve’s interest rate hike on Wednesday and its plan to lift the rate several more times in 2022 will make borrowing more expensive for certain consumers. Some people who currently hold student loans and others planning to soon borrow for their education will…

Read More

No-Credit-Check Loans: Borrowing Options and Alternatives

A no-credit-check loan can seem like the only way to get cash fast if you have a low credit score or no credit history. But this type of loan may come with risks, including triple-digit interest rates and short repayment terms. Before you borrow, learn why no-credit-check loans can be dangerous, how to evaluate this…

Read More