According to data from the National Retail Federation, the average American consumer spent $659 on holiday gifts in 2019. That’s approximately 2% of the U.S. median personal income, according to data from the Federal Reserve Bank of St. Louis — no small chunk of change. For most Americans, completely doing away with the annual holiday gift-giving ritual simply isn’t realistic. At ...

Do you remember your first bank account? I’ll admit, my recollection is hazy. I probably wasn’t older than 10 or 11, and I didn’t do much with the account for the first few years of its existence. I deposited a handful of birthday and holiday gifts each year, and that was about it. A few years later, when I began ...

Unfortunately for small-business owners, solopreneurs, and freelancers, most of the best bank account promotions on the market right now cater exclusively to consumers. Indeed, many of the United States’ best online banks seem to favor personal account holders rather than business owners and their lieutenants. But not all banks give business owners short shrift. You just need to know where to look ...

Data from LIMRA’s 2018 Insurance Barometer finds that roughly 3 in 5 American households have some form of life insurance. In other words, there’s a good chance you have — at minimum — a term life insurance policy and therefore have some experience choosing a life insurance policy that fits your financial needs and life goals. It’s far less likely you have experience ...

Paying bail to get out of jail may seem like a simple concept. The idea is that if someone gets arrested, someone else can pay money and the jailed person goes free. And while that is the essential idea behind bail, there is more that goes into the process. Often, people who have not gone through the criminal justice system are confronted ...

It’s possible to make $100s just by opening up a bank account. But sorting through the best offers can be tricky. At Money Crashers, we comb through hundreds of deals every month to find you the most lucrative sign-up bonuses – some worth up to $1,000. We also rank the best high-yield checking accounts, cash back credit cards, and more. ...

When you open a brokerage account and transfer money to it, you’ll probably notice that the money goes into a money market fund at the brokerage. Money market funds are frequently used as a holding space for uninvested funds in your brokerage account. Still, many people don’t know precisely what a money market fund is, how they work, or what separates ...

The list of institutions that can plausibly claim to be among America’s best online financial solutions seems to grow by the year. That makes the prospect of choosing the best fit all the more daunting. That’s a good problem for consumers to have. But it’s still a problem — one that companies like Ally Bank and Simple both aim to solve. Both ...

It’s possible to make $100s just by opening up a bank account. But sorting through the best offers can be tricky. At Money Crashers, we comb through hundreds of deals every month to find you the most lucrative sign-up bonuses – some worth up to $1,000. We also rank the best high-yield checking accounts, cash back credit cards, and more. ...

How does your bank or credit union checking account stack up to the most generous rewards checking accounts on the market? If you can’t find your account on this list, it might be time to shop around for one that makes it worthwhile to park your walking-around money in. You have plenty of options, from checking accounts with impressive yields ...

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