Author: Savingtipsdaily
Find Your City National Bank Routing Number Here
When was the last time you wrote and mailed an actual check? A month ago? A year ago? Never? Nowadays, electronic payments are the standard and they’re much easier. You just set up a recurring transaction with your banking information, and payments are made automatically without any further thought. All you need is your checking…
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What Are the Typical Savings for a Baby Boomer?
Baby boomers are known as the wealthiest generation ever. They benefited from the economic boom after World War II, buying homes and landing high-paying jobs without the burden of student loan debt. This set them up for a prosperous life and the ability to pass on wealth to future generations. But does this wealth show…
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Financial Savvy: The Case for Using Credit Cards for Almost All Your Purchases
Deciding whether to put a purchase on a credit card depends on the type of purchase and how responsibly you manage your credit card usage. Here’s a guide to help you determine which purchases are suitable for credit cards and which ones you should reconsider. ### Purchases to Put on a Credit Card **Travel Purchases**…
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Enhanced Reward Programs and Special Offers from Marcus by Goldman Sachs: July 2024
Marcus by Goldman Sachs, named after the founder of Goldman Sachs, offers a range of financial products including high-yield savings accounts, certificates of deposit, and personal loans. They are known for providing some of the highest interest rates on savings products. Banks are eager for your business and often offer cash incentives for opening new…
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Navigating Autopay for Student Loans: 6 Pitfalls to Steer Clear Of
Managing your student loans can feel daunting, but autopay offers a simple way to keep your payments on track. However, using autopay effectively involves more than just setting it up and forgetting about it. To help you avoid common pitfalls, here are six important dos and don’ts for using autopay with your student loans. This…
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Mastering Credit Cards: 6 Savvy Strategies for the Economically Minded
Credit cards can be a fantastic way to earn rewards like cash back and travel perks, and they offer a lot of convenience. However, their high interest rates can make these rewards costly if you carry a balance for too long. Savvy spenders know this and use various strategies to avoid falling into debt. Here…
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How I Became a Millionaire: My Top 3 Reasons for Relying Solely on Credit Cards
Credit cards offer a lot of flexibility in spending, but they can also lead to significant debt if not used responsibly. As of early 2024, Americans collectively owed $1.129 trillion in credit card debt, according to LendingTree. However, when used wisely, credit cards come with numerous benefits. Tori Dunlap, a financial expert and author of…
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Safeguarding Yourself Against Credit Card Fraud at Fuel Stations: 10 Effective Strategies
Using a credit card at gas stations can be risky these days. Thieves often target gas pumps with high-tech skimming devices to steal credit card information. However, by understanding the methods used by fraudsters and taking some security measures, you can protect yourself from gas station credit card theft. **Inspect Card Readers for Tampering or…
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Anticipating the Arrival of 9 Groundbreaking Cars
By the time consumers see the new-model vehicles debut each fall, automakers have already spent three to five years developing these showroom-ready cars. Due to design and safety changes along the way, the life cycles and projected release years can vary significantly. However, automakers don’t keep all their upcoming models a secret. Here are nine…
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The Looming Challenge of Securing a 5% Return on Cash
Interest rates have been favorable for investors in recent years. In January 2022, the federal funds rate was 0.08%. By April 19, 2024, it had risen to 5.33%. But what does the future hold for these rates, and how will it affect your savings? ### Understanding the Federal Funds Rate The federal funds rate is…
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