Author: Mehedi Hasan Moon
The average credit card interest rate is 21.05 percent.Never before have so many popular credit card offers started APRs above 21 percent. According to CreditCards.com’s latest Weekly Rate Report:33 out of 100 cards now start APRs at 21.24 percent or higher, including several leading travel and rewards credit cards.More than half — 51 out of 100 online credit card offers — start APRs above 20 percent.More than two-thirds start APRs above 18 percent.That’s a striking change from 15 months ago when credit card APRs first began to climb. Just before the Federal Reserve began its historic campaign to curb inflation…
Have you watched the news lately, scrolled through TikTok, or looked at X (RIP Twitter) lately? Or maybe spent time around that one friend who’s a self-proclaimed real estate expert? If so, then chances are you’ve heard that mortgage interest rates and home prices are pretty high these days—which is 100% true. If you’ve been thinking about buying a house or working to save up a down payment, then that news has probably left you with an important question: Should I buy a house now, or wait? To answer that question—and so you can make the best decision for you and…
How many people are getting what they want now, only to find themselves in trouble later? Answer: 18% Questions: What is your experience seeing or using Buy Now, Pay Later when shopping? What are the pros and cons of using Buy Now, Pay Later? Why do you think many consumers end up making late payments with Buy Now, Pay Later? Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom. Behind the numbers (Federal Reserve): “Most people who used BNPL made their payments on time. Overall, 18 percent of people who used BNPL…
Are you being hounded by debt collectors? The constant phone calls, harsh language and threats to sue can be overwhelming and downright scary. Unfortunately, you also have to watch out for debt collectors who try to trick you into paying for a debt that’s already been paid or a debt that isn’t even yours. Yep, it happens! In 2023, over 50% of the total complaints to the Federal Trade Commission were about debt collectors attempting to collect debt from a person who did not owe it.1 Not cool. That’s why getting a debt validation letter is so important! A debt…
Looking at a rental property or commercial building and wondering if it’s actually a good deal? One number could make your decision easier—and it’s called the cap rate. If you’re short on time and prefer watching instead of reading, I break all of this down (with real examples) in this video: But if you’d rather learn at your own pace, keep reading. We’ll cover what a cap rate is, how to use a cap rate calculator, and how to evaluate properties smarter—without needing a finance degree. Don’t Miss Any Updates. Each week I’ll send you advice on how to reach…
The savings offers that appear on this site are from companies from which Moneycrashers.com received compensation. This compensation does not impact where and how the companies are mentioned on the site. Moneycrashers.com does not mention all savings companies or savings offers available within the marketplace. Right now, the U.S. national average interest rate on savings account balances is nowhere near enough to keep pace with inflation. The good news is you can do better with high-yield savings accounts. We’ve reviewed the best high-yield savings accounts on the market, exploring their rates, fees, and account perks. Best High-Yield Savings Accounts &…
Jackie over at The Debt Myth has a month-long campaign going on call Debt is Not Forever. If you haven’t heard about it you should check it out, it’s truly inspiring. Many other bloggers have joined the #DebtIsNotForever movement and have posted some great material on the topic. I’m joining as well so here goes. Debt is Not Forever If you asked me that question five years ago my answer probably would have been “yes it is.” See we were uneducated in the ways of personal finance and were drowning in over $100K of consumer debt, but for years we…
Instagram has a new feature that curates custom Reels feeds for you and your friends. Blend, an invite-only option within individual or group chats, refreshes daily and suggests content based on participants’ tastes. Spotify has a similar Blend feature that creates shared playlists—also updated daily—based on both listeners’ tastes. Note that Instagram Blend, which is a mobile-only feature, is not yet available to all users, even if the icon appears in your chats. How to use Instagram BlendTo start a blend, you’ll need to invite users via your individual or group chats. From Messages on the mobile app, open the…
We’re already a few weeks into 2025, but before we go on, we need to close out the 2024 side hustle reports. Every month for the past 8 years, I’ve tracked everything I’ve earned from doing various side hustles with gig economy apps. Here’s a look at what I was able to earn from these apps and side hustles in December 2024. Side Hustle Income for December 2024 Total Side Hustle Income for December 2024 = $1,247.01 December was an unexpectedly good month, especially since I didn’t feel as if I had worked very hard. The fact I was able…
W-2? 1099-MISC? 1098-E? Check, check, and bingo. It’s tax time!Tax season has arrived, and with it, a flurry of trifold, self-mailers with perforated, tear-away edges—each containing a mathematical summary of your life in concisely-labeled boxes. Meanwhile, accountants across the nation have warmed up their number crunchers and stocked up on extra mouse batteries.And you? Have you located your shoebox of receipts? Is your spending information ready to go? If not, then today’s post might just make your weekend.(Isn’t adulthood fun?)In YNAB, you can tag and flag your tax-deductible expenses, link important documents to your transactions and categories, search up important…