Banking Archives - Moving 2 Brevard

Jan202021 by Ian JensenNo Comments

States Where Residents Most Rely on Credit â 2020 Edition

Perhaps counterintuitively, consumer credit card debt has fallen since the beginning of the COVID-19 crisis. Federal reserve data shows that the total amount of revolving consumer credit, which primarily consists of credit cards charges, fell below one trillion in April 2020 for the first time in close to two years. Data from Experian tells a similar story. Between the end of Q2 2019 and Q2 2020, the average credit card balance of borrowers fell by about 11% from $6,629 to $5,897. Though average credit card debt is decreasing nationally, it remains high in some states and may increase during the holiday season. In this study, SmartAsset looked at states where residents tend to rely on credit the most. Using data from Experian and the Census Bureau, we ranked all 50 states and the Distric...

Jan202021 by Ian JensenNo Comments

CIT Bank Savings Account: How Much Can You Earn

Banking, Construction Home Loans, Savings Account

A CIT Bank Savings account will help you boost your savings, earning 20 times more than what a traditional bank account will offer you. If you have a regular checking and savings account at your local bank, you may notice that your rate on the savings account is less than a tenth of a percent. You can keep your savings account at your local bank if you choose to. But you don’t have to. Instead of getting crummy interest rates, you can switch to or open a CIT Bank savings account. CIT Bank savings accounts are offered online, where you can earn a competitively high yield. *TOP CIT BANK PROMOTIONS*PROMOTIONAL LINKOFFERREVIEWCIT Bank Money Market1.00% APYReviewCIT Bank Savings Builder0.95% APYReviewCIT Bank CDs0.75% APY 1 Year CD TermReviewCIT Bank No Penalty CD0.75% APYReview CIT BAN...

Jan172021 by Ian JensenNo Comments

12 Ways to Never Pay Full Price for Anything

Banking

Stop paying retail prices. Here are plenty of ways around that.Source: moneytalksnews.com

Jan172021 by Ian JensenNo Comments

Why More People May Buy Life Insurance in 2021

Banking, Life Insurance

A federal law passed at the end of 2020 has made permanent life insurance more attractive to some people. The law essentially tweaks the tax code to allow owners of permanent policies to put more money into the savings portion of their policy. As we have explained previously, permanent policies, also known as whole life policies, are a combination insurance-and-savings vehicle.Source: moneytalksnews.com

Jan172021 by Ian JensenNo Comments

How to Avoid the Financial Blunders People Make in Their 20s

Bank Accounts, Debt, Home Loans By State, Insurance, Investing

Some of the links in this post are from our sponsors. We provide you with accurate, reliable information. Learn more about how we make money and select our advertising partners. Nobody is perfect when it comes to their finances â even millionaires slip up sometimes. So when you start to think youâre worse off than your parents, or your nephew, or your friends, remember that allÂ 20-somethings have made mistakes that can cost them big time. But if youâre guilty of making some of these blunders, donât fret. You can still redeem yourself! Here are some of the worst blunders you can make, and tips to help dig you out of the hole. Blunder No. 1: Not Getting Free Gift Cards When You Shop What do you usually do with your receipts? You check out, they hand you a mile-long piece of paper, ...

Jan172021 by Ian JensenNo Comments

Cities With the Best Work-Life Balance â 2021 Edition

Careers, Checking Account

For most people, working is inevitable: You need a job to afford your lifestyle. The trick, of course, is to find a balance where you can earn the money you need without spending all of your time in the workplace. Some of that depends on what the work culture is like in your city, how much you need to earn to pay for housing and how long you have to spend getting to work. To that end, SmartAsset analyzed 100 of the biggest cities in the country to find the best cities for work-life balance for 2021. To do so, we considered data on the following metrics: walk score; arts, entertainment and recreation establishments as a percentage of all establishments; restaurants as a percentage of all establishments; housing costs as a percentage of income; average weeks worked per year; average h...

Jan162021 by Ian JensenNo Comments

Advantages And Disadvantages of Money Market Accounts

Banking, Construction Home Loans, Investing, Personal Finance

Saving money in a place like a money market account can assure that the money will be there safely when you need it. A money market account is an alternative to savings account, and usually pays more interest rate than a savings account. See, Money Market Vs. Savings Accounts: What’s The Difference. Overall, money market accounts are worth it, especially if you’re saving for a short-term goal. However, like any investments, there are some disadvantages to money market accounts. In this article we will address three main things: what is a money market account and what are the advantages and disadvantages of money market accounts. *TOP CIT BANK PROMOTIONS*PROMOTIONAL LINKOFFERREVIEWCIT Bank Money Market1.00% APYReviewCIT Bank Savings Builder0.95% APYReviewCIT Bank CDs0.75...

Jan132021 by Ian JensenNo Comments

The Top Financial Resolutions for 2021

Bank Accounts, Budgeting, Conventional Loans, Insurance, Investing

Some of the links in this post are from our sponsors. We provide you with accurate, reliable information. Learn more about how we make money and select our advertising partners. Have you made your resolutions yet? It can feel a little daunting trying to figure out what you need to focus on, so we made it easy: These are the resolutions everyone else is taking on in 2021, according to a survey by Wallethub, and you should, too. Plus â how to accomplish them. 1. Make A Realistic Budget And Stick To It This one sounds familiar, right? Oft-regarded as Old Faithful when it comes to New Yearsâ resolutions, it holds that title for good reason. Having a budget you can actually stick to will set you up for financial success, no matter what your goals are. Itâs easy to slip away from our good...

Jan132021 by Ian JensenNo Comments

Extreme Financial Makeover: 30 Moves in 30 Days

Banking

Putting your finances in order feels great. The job doesnât have to be excruciating.Source: moneytalksnews.com

Jan132021 by Ian JensenNo Comments

7 Top Costly Mistakes Investors Made in 2020

Banking

Warning: Big investing mistakes can be hazardous to your wealth. One or two basic blunders can undermine years of diligent saving and crush your dreams of building life-changing wealth. Financial professionals see investors make such errors all the time. Recently, they identified the most common of these mistakes as part of the 2020 Natixis Global Survey of Financial Professionals.Source: moneytalksnews.com