Every personal or family budget distinguishes essential expenses from discretionary expenses. Toilet paper, a basic household product most of us use every day, definitely falls into the first category. Unlike other paper products, such as paper towels (for which washable…
Boring educational material on money, credit, and investments can actually discourage people of all ages from learning valuable information that can help them make wise financial decisions. Fortunately, money management lessons masquerading as games can make learning about finance easy…
Whenever I have a couple of free hours, I like to stroll down to the local coffee shop and treat myself to a cafe mocha. And I’m not alone. Helaine Olen, writing for Slate, says Americans consume about 4 million…
In March 2020, the Federal Reserve cut its benchmark interest rate by a full percentage point, dropping it to near zero and keeping it there throughout the COVID-19 pandemic. That doesn’t mean consumers pay 0% interest rates on loans. However, interest…
The median American household has $5,300 held in bank savings, according to the most recent Survey of Consumer Finances by the Federal Reserve. Yet not all of that sits in a checking account. Sometimes, it’s in a savings account. You’re probably…
Over the years, I’ve had at least a dozen checking and savings accounts to my name. I can’t name the exact number because I don’t know it. My financial life was — and, to some extent, still is — fragmented….
We all have habits we frequently indulge. A daily morning latte or occasional new pair of shoes can seem harmless. But consider their effect on your bottom line. Even the tiniest regular purchases of $1 or $5 add up. And…
When you’re hiring a financial advisor, it’s important to find the right person for the job. From investing to estate planning, your financial advisor handles complex tasks that have a big impact on your life. You need someone who’s competent…
Founded over a century ago as a workers’ compensation insurance company, Liberty Mutual (aka Liberty Mutual Insurance) offers a range of insurance policies, including auto, homeowners, renters, life, and pet. It also offers various business insurance policies, including workers’ comp…
More than half of all Americans — 54% — carry some form of life insurance policy. That’s according to the 2020 Insurance Barometer Study from LIMRA, a financial industry consultancy. A significant fraction of all life insurance policies issued in…
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