Author: Mehedi Hasan Moon
Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Turning 17 is an exciting milestone: you’re closer to adulthood, with possibilities like college, apartments, and even car ownership on the horizon. But before diving into those adventures, there’s a crucial step that many young adults miss: building credit. Building credit at 17 might seem early, but establishing a strong credit history lays the foundation for your future financial success—especially…
The average credit card interest rate is 21.07 percent.After growing steadily more expensive since March of last year, the cost to carry debt on a brand-new card is still pricier than ever, according to CreditCards.com’s latest Weekly Rate Report.A record share of online credit card offers — 52 out of 100 offers — currently start APRs well above 20 percent, while a similar share of card offers cap APRs at 29 percent or higher.But now that policymakers at the Federal Reserve have voted to leave the Fed’s key rate in place for the first time since June, credit card issuers…
Is your iPhone about to cost an iFortune? Answer: $675(from $1,199 to $1,874) Questions: If a phone you wanted increased in price by a few hundred dollars, how would that affect your decision to buy it? How do rising prices on popular products like phones affect people’s budgets and spending habits overall? Why might a company choose to raise prices instead of absorbing the extra cost themselves? Here are the ready-to-go slides for this Question of the Day that you can use in your classroom. Behind the numbers (CBS News): The iPhone 16 Pro Max 256 GB, which is…
Donald J. Trump has officially been sworn in as the 47th president of the United States, and he’s made some pretty big promises about what he’s going to do to help the economy. Some might even call them . . . yuge promises. (Okay, I’m done.) Now, here’s the deal: Whether Trump delivers on his promises or not, the only real path to financial security is one you create for yourself. I’ve talked to plenty of folks on The Ramsey Show who built wealth under presidents of both parties, and plenty who made dumb money mistakes under both parties too. …
If you’re a real estate investor, you’ve probably heard the term accelerated depreciation. But what does it really mean—and how can it help you save money on your taxes and grow your cash flow? In this article, we’ll break down accelerated depreciation in real estate using clear, simple language. Whether you’re just getting started or already own multiple rental properties, this guide will help you understand how this powerful tax strategy can work for you. Don’t Miss Any Updates. Each week I’ll send you advice on how to reach financial independence with passive income from real estate. Sign up for…
Have you ever consider how a bad credit score could be affecting your finances? Credit bureau Experian considers a credit score between 300-579, a bad credit score. If you’re currently working your way towards a debt-free life, then chances are you may not have always had the best personal financial habits. Or maybe you have always been great at managing money, but life throws you a curveball, and you ended up with significant unexpected debt from medical expenses. No matter what the case may be, considerable debt not only leaves you with the burden of paying off these balances, but…
From supermarket runs and restaurant meals to takeout orders and Girl Scout Cookies, the cost of food continues to go up. In fact, from December 2023 to December 2024, food prices increased 2.5%.1 It’s enough to make you throw a mini tantrum in aisle 7—right next to the 5-year-old begging for a candy bar. So, why are food prices so high? We’re breaking down the reasons why groceries are so expensive right now. Plus, we’ve got some tips to help you save money when grocery shopping! Why Are Groceries So Expensive? Grocery prices have gone up due to several factors,…
We may earn a commission from links on this page. If you’re serious about lifting barbells, sooner or later you’re probably going to want a belt. Belts don’t prevent injury as people sometimes assume, but they do help you to lift more weight. This helps you to squat and deadlift heavier—thus get stronger—so they’re standard equipment for a lot of strong people. We have a guide here to understanding what belts are for, how they work, and who needs them. But once you get the basic idea, you’ll need to pick out the belt that’s right for you. I have…
When you’ve been in the credit card game long enough, you start to notice that certain cards always seem to come back into your wallet. I’m not someone who focuses on spending categories too much – most of the time, I find my time is better served opening new cards to get signup bonuses. Since I’m focusing on signup bonuses, it means I’m opening a lot of new cards each year. And while the cards do change as different cards hit the market, in recent years, a lot of my cards seem to repeat themselves. Here’s a look at some…
It’s 2002. “When we’re older, you can live in one of the wings of my mansion and I’ll buy you a Cobra.”I’m no petrolhead, but a vintage Shelby is pretty nice, right? To my teenage brother and I—eyes dry from hours playing Gran Turismo 3—that classic car was the pinnacle of aspiration. All sixties curves and swoops, with two wide scarlet stripes down the middle. So I promised him that shiny motor, and meant it.Life did its thing and took a different path, though. A couple of decades later, the millions haven’t materialized, and my brother drives a Kia. (Probably…