May 24, 2024

Finance

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Protect Yourself With Auto Insurance

Before you fill up the gas tank and set off on an adventure, it’s very important to make sure that you’re in possession of a valid auto insurance policy. Having an auto insurance policy isn’t just recommended- in fact, it’s mandatory in 49 out of the 50 states1. Even beyond the legality, having a strong auto insurance policy protects you and everyone else on the road in the event of an accident. But fear not, because auto insurance policies aren’t hard to find! What is Auto Insurance Auto insurance is a contract between you and your insurance company that protects you from financial loss and liability in the event of

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Here’s How Checking Accounts Make Managing Money Easier

Managing money can often feel like a complicated process, especially when keeping track of cash. Paying bills, seeing your purchases, and balancing your totals with paper money takes time and effort. There are better ways to spend your time besides worrying about cash.Fortunately, there is a way to handle your finances that is simpler and more secure. All you have to do is search for a bank near you. Maybe you’ve been saving money in a shoebox or keeping cash under the bed. While that may be convenient, keeping money in a bank is a safer option than storing cash at home. Opening a checking account with a bank is

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What Types of Mortgages Are Available?

The home buying process is both stressful and rewarding. Purchasing a home is a major life goal for many people, and provides security and stability for the homeowner. However, homes are generally quite expensive compared to average salary; prospective buyers obtain loans from banks to spread the cost of the home over a fixed period of time. Mortgages can come in many different forms. The mortgage value (amount owed) is dictated by the price of the property and the down payment, and can be fixed rate or adjustable. Let’s dive into some common mortgage packages in the United States. Fixed Rate Mortgage This is the most common form of mortgage

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Saving Smart: Three Tips to Grow Your Bank Account

Saving money is an integral part of developing strong financial habits and making smart decisions with money. There are many reasons to make saving money a regular part of your plan. It’s very important to have a rainy-day fund in case of an emergency, unexpected expense, or loss of income. Developing smart saving habits also allows you to have more disposable income. Not sure where to start? Here are five tips to start saving money today. Adopt A Forward-Thinking Mindset It’s hard to save money without thinking about the future. When putting money away, it’s important to give it a purpose. Maybe you’re saving for a new product, a trip,

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Real Estate Market Shows Indications of Recovery

In a recession or depression, there are certain factors and points of information within the economy that can give insight into consumer behavior, spending power, and overall prospects of recovery. While some often (perhaps too often) associate the stock market performance with the health of the economy as a whole, it’s important to look at the small scale when considering the status of the everyman. When looking to get a sense of buying patterns and market confidence, there’s no better place to look than the real estate market. Real estate gives great insight into the financial health of the common person in America. For one, nearly every adult lives in

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Stocks Enter Turbulent Waters Amid Health Concerns

The stock market entered turbulent waters on Thursday morning as investors expressed their worries over rising coronavirus cases across the country. While the country is still in the throes of the pandemic, many states have proceeded with efforts to reopen businesses and in-person commerce to mixed results. Some areas have seen higher spikes than others, but states that have loosened restrictions sooner despite the risks – namely Florida and Texas- have generally seen sharp upward trends. Given the uncertainty around how the states and cities will proceed, investor confidence was mixed as the outcome of the reopenings remains to be seen. Almost every state has begun to move towards reopening

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NYSE Welcomes Traders

Nearly ten weeks after being closed, the iconic floor of the New York Stock Exchange is reopening for business. Though the exchange has been trading virtually since its physical closure, the reopening of the floor is seen as a step towards returning to some level of normalcy. After undergoing temperature checks and donning facemasks, traders were allowed to return at  25% capacity. Around the world, trading is coming back to life. Even amidst the pandemic, some transportation stocks rose as some countries began to lift barriers; as such, some investors began to warm up to the idea of investing travel companies. On Tuesday morning, European-airline Easyjet and Carnival Cruise Lines

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Coronavirus Economic Relief In Sight

The United States Senate is working to finalize a deal that would provide sweeping economic relief to United States companies, entrepreneurs, and individuals affected by the global pandemic that is the Coronavirus. With restaurants, transportation, and all businesses except those deemed to be “life-sustaining” shut down in many areas, those who work in the service industry or gig economy are reeling from sudden closures. With travel restrictions in place around the world, airlines are undertaking massive efforts, including drastic flight reductions and safety precautions, to stay in business. On the home front, the economy is in peril after Wall Street saw its worst week in many years, and thousands feared

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US Tax Filing Deadline Pushed to July 15th

As the coronavirus shakes the world’s economic and financial markets and forces millions of people indoors, uncertainty is everywhere. Most analysts believe that unemployment levels could reach levels of 15% or higher and that we are inevitably headed for a recession. With that being the case, the Treasury and the White House decided to move the filing deadline for United States taxpayers to July 15th, 2020. The extra three months are needed to attempt to stabilize the economy, put cash in the hands of American workers, and to organize the government and manufacturing sector for an appropriate response to pandemic conditions. While up to twelve million people could find themselves

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Stocks Tumble Amidst Coronavirus Fears

Fear, both in meat markets and financial markets, is widespread. The spread of COVID-19, otherwise known as the Wuhan Coronavirus, has reached over fifty countries and begun to cripple the global economy. As cases of the virus have begun to be reported in Europe and America, the markets have been in a massive sell-off. Amidst a historic drop, the Dow Jones Industrial Average closed down almost two thousand points from the beginning of the week. This tumble, which includes the largest single-day drop in history, comes as China’s economy has ground to a halt amongst the spread of the virus. On Thursday alone, the Dow Jones shed 1,191 points, or

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NYSE Welcomes Traders

Nearly ten weeks after being closed, the iconic floor of the New York Stock Exchange is reopening for business. Though the exchange has been trading virtually since its physical closure,

Read More

Coronavirus Economic Relief In Sight

The United States Senate is working to finalize a deal that would provide sweeping economic relief to United States companies, entrepreneurs, and individuals affected by the global pandemic that is

Read More

US Tax Filing Deadline Pushed to July 15th

As the coronavirus shakes the world’s economic and financial markets and forces millions of people indoors, uncertainty is everywhere. Most analysts believe that unemployment levels could reach levels of 15%

Read More