Deposit insurance exists to protect your funds in the event a financial institution fails.
With inflation increasing the cost of goods and services, many Americans are turning to holiday shopping events like Cyber Monday 2022, which falls on Nov. 28, to give their wallets some relief while buying presents.
Since 1975, the Social Security Administration has reviewed the cost of living to influence benefit increases, which they refer to as Cost-of-Living Adjustments (COLA).
A traditional savings account is a fantastic way to set aside funds for the future. But there are options that give your financial life the boost it needs to catch up during periods of high inflation.
Credit bureaus look at several factors when determining your score. This includes how long you’ve had credit, your payment history, and your credit utilization rate (which measures how much of your available credit is currently in use), among other things.