MoneyWatch

Are you dealing with high interest debt that only seems to grow with time? Are you looking for ways to get out of it? If so, you’re not alone. In fact, recent statistics from the Federal Reserve Bank of New York show that about one in five credit cards is maxed out and nearly 9% of Americans who owe money …

Student loan borrowers with significant amounts of debt received some welcome news this week after the White House revealed the approval of $7.7 billion in student loan forgiveness. The latest round of forgiveness will extend to 160,500 additional borrowers. In total, the Biden administration will now forgive $167 billion in student loans for 4.75 million people. Those who qualify for …

If you have $15,000 in a safe or a traditional savings account, you may be looking for a more effective way to grow your savings dollars. After all, traditional savings accounts currently only offer 0.45% average annual returns and your safe doesn’t produce any return. But, a certificate of deposit (CD) may help you passively grow your savings dollars. In …

If you need to borrow money, you may want to consider tapping into your home equity. After all, the average American homeowner has nearly $300,000 in equity in their home. In turn,tapping into your equity could give you the funds you need for a wide range of purposes. And if you’re going to borrow against your home equity, you have …

Having friends and family over for a Memorial Day barbecue will cost you more this year, with the price of many grilling staples having risen even more sharply than that of other groceries. Americans will pay an average of just over 10% more this year than in 2023 for barbecue basics including ground beef, hot dogs, buns, relish, ketchup and …

Your Rich BFF founder Vivian Tu has quickly emerged as one of the most prominent personal finance influencers, with millions of followers on Instagram, TikTok and other social media platforms. A former Wall Street trader, the 30-year-old shifted gears after noticing that many of her coworkers from the corporate world needed help even with basic financial tasks. Through Your Rich …

Cracker Barrel has long been known for its combination of rustic charm and country dishes like biscuits and gravy. But its new CEO said that the old approach isn’t working any longer — and she’s planning some major changes. “We’re just not as relevant as we once were,” Cracker Barrel CEO Julie Felss Masino said on a May 16 conference …

The U.S. Postal Service is urging customers to upgrade to new jumbo mailboxes, with the postal agency saying that these larger receptacles are better able to handle more of the types of packages that people order from online retailers. The USPS is alerting customers about the bigger mailboxes for what it calls “mailbox improvement week,” which occurs the third week …

A Virginia company’s job listing inviting only White people and the U.S.-born to apply for a position didn’t just raise eyebrows online — it also caught the attention of the U.S. government. Arthur Grand Technologies’ job advertisement last year restricted eligible candidates to “only US Born Citizens [white]” and those living within 60 miles of Dallas, Texas, noted the U.S. …

Vincent Wasney and his fiancée, Sarah Eberlein, had never visited the ocean. They’d never even been on a plane. But when they bought their first home in Saginaw, Michigan, in 2018, their real estate agent gifted them tickets for a Royal Caribbean cruise. After two years of delays due to the coronavirus pandemic, they set sail in December 2022. The …