Americans’ credit card balances rose briskly in the second quarter, hitting a sobering milestone of more than $1 trillion, the Federal Reserve Bank of New York reported this month. Credit cards are the most prevalent type of household debt, New York Fed researchers wrote in a blog post, and saw the biggest increase of all debt...
About 36% of U.S. adults say they have less than $1,000 in their savings accounts....
Baby boomers anticipate that 47% of pre-retirement earnings will be replaced by Social Security, according to results of an annual survey from the Nationwide Retirement Institute. But the reality for someone making what the Social Security Administration considers the average wage in recent years, about $60,000, is more like...
Hello everyone,...
Do you track your expenses monthly? Annually? Do you have an app or do you use an excel spreadsheet? Any suggested tools?...
A Vanguard video (m.youtube.com/watch?v=1nprZjV_6FM) refers to 4 budgeting methods...
I have a comprehensive financial plan and look to have up to 48k in about one years time saved. With 16k on hand after paying off my student loans this October which will likely start the one year plan....
Domestic airfare fell 2% to an average of $267 per ticket in August. The plateau will last through mid-September, but then begin to rise as the holiday season approaches, peaking in late November or early December.
cross-posted from: lemmy.today/post/568354...
Hello everyone,...
cross-posted from: lemmy.world/post/3560407...
I know this might just reflect financial culture differences across countries, but let’s give it a try...
cross-posted from: lemmy.ca/post/3527160...
Trying to get to know the community a bit more....
Vehicles under $15k are 1.6% of the market, and their share of the market has dropped over 90% since 2019. The old advice that you can get a beater and drive it in to the ground for $5k hasn't been true for years but it still seems pervasive in personal finance spaces.
I was never a fan of the subscriptions model (I have never had a Spotify, Netflix, or any other similar services)....
Hello everyone,...
Intro...
cross-posted from: lemmus.org/post/167976...
I am very lucky to have a chunk of disposable income every month. However, I want to invest and save most of it, because I recognize that disposable income can quickly disappear given the right circumstances....
Hi, Personal Finance. I’m a relative novice to investing, but have thrown some money into the market pretty regularly since last year. Before that, I had really only put money in on a handful of occasions, whenever I had money I felt would be better invested than spent. My portfolio is just around $30k, and I’m investing...
i’m a web developer by day, but i recently started doing some side gig work via rover because i legitimately love dogs (and i wanted a bit of extra spending money for my own dogs’ care). i’d love to hear what other folks do when they need a bit more cash flow.
The 30-year fixed-rate mortgage averaged 7.09% in the week ending August 17, up from 6.96% the week before. Rates have been above 6.5% since the end of May and climbing higher since mid-July. This week’s average rate is the highest the 30-year, fixed-rate mortgage has been since April 2002 when it was 7.13%.
The advanced retail sales report showed a seasonally adjusted increase of 0.7% for the month, better than the 0.4% Dow Jones estimate. Excluding autos, sales rose a robust 1%, also against a 0.4% forecast. Both readings were the best monthly gains since January....
