Welcome back to Money Made Easy, where we focus on simple ways to manage your finances and save money. In the latest installment of the series, CNBC Select Contributor and financial advisor Kristin Merrick walks us through her best tips for rethinking how you manage your money in 2023. Check out the full interview featured … Read more
No matter how you look at it, being single right now in the U.S. is expensive. From facing fewer tax advantages to not being able to split everyday costs like rent or groceries, living solo can come at a much higher price than with a partner. That said, more and more Americans are continuing to … Read more
With the end of the year approaching, it may be time to reevaluate your finances. This year has been marked by record-high inflation and multiple interest rate hikes. As the Fed attempts to rein in inflation by raising interest rates, there’s a strong possibility that the economy teeters towards a recession in the coming months. … Read more
Personal loans can come in handy when you need funding in a pinch for a big expense, such as a wedding, funeral, home repairs, a car repair, debt consolidation and more. One of the most important factors to consider when choosing a personal loan is the repayment period. How long you have to pay the loan … Read more
Personal loans can come in handy when you need funding in a pinch for a big expense. Of course, it’s important to remember that any money you borrow would need to be paid back with interest. Choosing a personal loan with a longer repayment term gives you more time to repay the entire balance, and … Read more
This year has stressed the finances of many Americans. According to a recent Credit Karma study, 68% of American adults said their finances either didn’t improve or stayed the same in 2022. The most common financial mistake cited by the study’s respondents was not saving money (40%), while 35% of respondents said they fell into … Read more
One of the most pivotal parts of an individual’s livelihood is learning about personal finance, a term used to describe how one manages their money. It essentially encompasses everything from how you earn and spend your money to how you save, invest and borrow it. Despite its importance in our everyday lives, however, personal finance … Read more
If you’ve been watching your retirement portfolio for the past few months, you’ve probably noticed the value of your nest egg taking a dramatic dip. From the beginning of 2022 through Nov. 2, the value of the S&P 500 slipped more than 21%, the Dow Jones fell over 12% and Nasdaq dropped by almost 33%. … Read more
If the last couple years have taught us one thing about managing money, it’s that having some savings set aside is crucial. Despite the significance of having savings, however, research shows that 45% of Americans have less than $1,000 saved — and in an emergency situation, $1,000 may very well not be sufficient. To ensure you … Read more
Managing your investments can be an arduous task, especially when the market feels extremely volatile or you’re nearing a major milestone like retirement and you’re afraid of making a misstep. Luckily, though, you have different options to help guide you on your investing journey. Financial advisors have always been a key asset to wealth management, … Read more