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Credit cards can increase your purchasing power, but how many credit cards are too many? There are both pros and cons of having multiple cards.
Continue ReadingInsuring a trip may not be anything you’ve ever considered prior to the COVID-19 pandemic. But with travel restrictions, flight cancelations, and other pandemic-related challenges to getting where you need—or want—to be, altered travel plans have become a reality for many. But even before the word “coronavirus” became so entrenched in the headlines, there were plenty of reasons to consider travel insurance to help protect your investment in travel plans.
If you haven’t automated your finances, you may be spending hours each month organizing billing statements, writing checks, transferring money between accounts, and scheduling payments. Paying bills manually and making deposits for savings can be time-consuming and stressful.
The cost of electricity can eat up a substantial portion of your monthly budget, particularly if you live in a part of the country where power is pricier. The U.S. Energy Information Administration found that the average residential electric bill in the United States in 2019 was $115.49 per month, with Hawaii topping the list with an average monthly bill of $168.21.
A financial emergency can occur at most any time and, if you’re not prepared, it could negatively affect your financial health, both short- and long-term. Being prepared could make it easier to manage your money during challenging times and help get your finances back on track.
Budgeting often gets a bad rap. But a budget is a valuable tool that can help you stop overspending, save more, and hopefully achieve your financial goals faster. So why do 1 in 3 Americans admit to not having a budget even though more than 90 percent believe everyone should have one?
This material is for informational purposes only and is not intended to replace the advice of a qualified tax advisor, attorney or financial advisor. Readers should consult with their own tax advisor, attorney or financial advisor with regard to their personal situations.