Category:
Personal Finance

Confused man sitting on a couch holding a phone and a credit card.

Why Am I Getting Charged Interest on a Zero Balance?

By Bents Dulcio | November 6, 2024

It can be frustrating to see interest charges on your credit card account when you’re certain you’ve paid off your balance in full. After all, a zero balance should mean…

Woman checking a paper representing a personal loan while holding a credit card.

Using Personal Loans for Credit Card Debt

By George Morris | October 29, 2024

When credit card bills become difficult to handle, there are several solutions. One worth considering is using a personal loan to pay off your credit cards. This strategy is a…

Family financial planning concept.

Financial Planning Process

By Tom Jackson | September 6, 2024

When it comes to money, there’s no better person to listen to for advice than the man whose face is on the $100 bill. “If you fail to plan, you…

3D bank credit card with a block symbol and coins representing closing a credit card with a balance.

Can You Close a Credit Card With a Balance?

By Robert Shaw | August 28, 2024

Credit card offers are as endless as the universe and corny dad jokes. Whether you’re banking, shopping online, or just settling into a seat on an airplane, financial institutions line…

Man holding two credit cards

Can You Pay a Credit Card With a Credit Card?

By Tom Jackson | August 20, 2024

Credit card debt in the U.S. reached a record $1.14 trillion in the second quarter of 2024. Could anyone pay it all off using a giant Visa or Discover card?…

Cartoon man looking to climb coins with a flag at the end to represent financial independence.

How To Become Financially Independent

By Michael Knisley | August 19, 2024

To tell the story of how to become financially independent, let’s start with a big-picture number, and it’s … well, big. As in, $17.8 trillion big. That was the total…

Senior woman working at a bakery

Jobs for Seniors

By Pat McManamon | October 9, 2023

Senior citizens who want to stay busy might enjoy a job that will keep them active and engaged. For some seniors, work may be a necessity. Those without pensions or…

Woman swiping her credit card at the store

What Happens If You Go Over Your Credit Limit?

By Sarah Brady | September 1, 2023

Credit card balances hit record highs in late 2022. If you’re one of the many people whose credit card balance has increased lately, you probably know there are uncomfortable consequences.…

Man on computer searching for his debts

How to Find Out How Much Debt You Have

By Maureen Milliken | February 23, 2023

Most U.S. consumers have a variety of debt, ranging from credit card accounts, auto loans, medical debt, student debt, personal loans, a mortgage and more. As years go by, it…

Text graphic that says "Tax Day Is Coming Up!"

What You Need to Know This Tax Season (2022-23 Guide)

By Tom Jackson | February 14, 2023

If it’s that moment on the calendar when prognosticating becomes a daily ritual in America, it must be tax filing time again. Roughly 168 million of us know we must…

Sources:

  1. N.A. (2024 January 22) I got a credit card promising no interest for a purchase if I pay in full within 12 months. How does this work?. Retrieved from: https://www.consumerfinance.gov/ask-cfpb/i-got-a-credit-card-promising-no-interest-for-a-purchase-if-i-pay-in-full-within-12-months-how-does-this-work-en-40/
  2. N.A. (2023 October 19) If I pay off my credit card balance when it is due, is the company allowed to charge me interest for that month? Retrieved from: https://www.consumerfinance.gov/ask-cfpb/if-i-pay-off-my-credit-card-balance-when-it-is-due-is-the-company-allowed-to-charge-me-interest-for-that-month-en-48/
  3. Ferguson, J. (2023 May 5) Managing Credit Cards When Interest Rates Rise. Retrieved from: https://finances.extension.wisc.edu/2023/05/05/managing-rising-credit-card-interest-rates/
  4. N.A. (2021 December) How To Recognize Scams To Lower Your Credit Card Interest Rate. Retrieved from: https://consumer.ftc.gov/articles/how-recognize-scams-lower-your-credit-card-interest-rate