If there’s one thing personal finance experts can agree on, it’s the benefit of a high-yield savings account. They’re easy to open online with no fees, and can help grow your savings through interest earnings. But circumstances are different this year. In just a few months, following the coronavirus pandemic and ensuing recession, high-yield savings account … Continue reading As Interest Rates Plummet, Here’s How Savers Can Stay Above Water
Interest Rate Futures just began trading negative - here is what this means, how negative interest rates would impact you, and how you could get paid to borrow money - enjoy! On May 8th, MarketWatch published an article on what’s known as the Federal Funds Rate…which is the interest rate that BANKS charge OTHER banks … Continue reading INTEREST RATES WENT NEGATIVE | GOODBYE SAVINGS
Dear Financial Minimalists, One of the best ways to get through a difficult time is to set a conservative time limit for how long you may have to endure the pain. Having a conservative time limit drastically reduces your stress and anxiety. And a happy life is all about consistently surpassing expectations. For example, have you ever needed to … Continue reading I know when the lockdown will end.
We all try our best to be more than just a number but, when it comes to our financial lives, one number can make or break our quality of life: our credit score.
Number 5: Chase Bank This is disappointing for me to mention, because the Chase Sapphire Reserve is one of my favorite Credit Cards, not to mention that Chase has several of the BEST credit cards currently on the market, all with REALLY good rewards. Chase Bank ALSO holds 2 of my mortgages, and they had … Continue reading Top 5 WORST Banks accounts in America for financial minimalists