Most physicians spend their 20s and early 30s in medical school and residency, which means their highest earning years tend to start later than those of other professionals. By the time doctors reach attending-level salaries, many are carrying significant student debt while also needing to make up ground on retirement…
Key takeaways The best time to refinance is when your credit score or overall financial situation has improved. Generally, you should aim to either lower your interest rate or your monthly payment — preferably both. Avoid refinancing when auto loan rates are high or if you won’t be able to…
Teaching kids about money early on can shape how they view and manage finances for the rest of their lives. Financial Literacy Month is the perfect opportunity to start those meaningful conversations that build confidence and responsibility around money. By introducing simple, age-appropriate lessons, parents can help their children develop…
Key takeaways A longer loan term means you’ll have a lower monthly payment, but you’ll also pay more in interest. A shorter loan term helps minimize borrowing costs and the risk of being upside-down on your loan. Consider the monthly payment and overall cost of ownership when determining which auto…
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Last year, on the day before Tax Day, my mom was scheduled to fly into Philadelphia International Airport to stay…
The nation’s 75 million Social Security recipients will receive a 2.8% cost of living adjustment (COLA) increase in their benefits…
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Key takeaways SBA loans have set maximum interest rates, making them a flexible and affordable business lending option. It can take 30 to 90 days for SBA loan approval and funding. Be sure to find an SBA lender with experience and volume in loan applications…
Dept Managmnt
It’s not uncommon for debt to feel like you’ll never get out from underneath it. Thankfully, there are steps that you can take…
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For fintech startups, the first five years of the decade have been a roller-coaster ride. At the outset, companies were awash in easy…
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Financial misinformation isn’t new, but today, it’s supercharged. The 24/7 news cycle fueled by social media virality means you’re more likely than ever to consume inaccurate or misleading information every day. Sometimes these narratives, no matter how false, seep into our collective consciousness and give a false impression of our…
Key takeaways New car loans had an average interest rate under 7%, while used car loan rates averaged nearly 12% in the second quarter of 2025. Your credit score plays a significant role in determining your interest rate, but other factors such as the lender, amount borrowed, length of the…
Key takeaways Bad credit auto loans are offered by banks, credit unions, online lenders and dealerships. Shop around to find the best deal on an auto loan for your budget and credit profile. If approved, an auto loan can help improve your credit — provided you keep up with the…
Key takeaways An auto loan can make car ownership possible by spreading out the purchase cost over years. It can help you afford a more reliable vehicle and increase your credit score. Auto loans also have their drawbacks, including high monthly payments, financial risk, vehicle depreciation and being stuck with…
Experience with the Program: How Debt Management Helped a First-Time Renter Katie’s journey shows clearly how debt management helped her regain control over her finances and reduce her anxiety. Her counsellor carefully reviewed all her debts and expenses and quickly set up a repayment plan that Katie could manage on…
A Roth IRA is a tax-advantaged retirement account many people use to build long-term savings, but its rules and benefits can be confusing. Because qualified withdrawals are tax-free, the investments you select inside the account may influence your future retirement income. Whether you are opening your first Roth IRA or…
Image by PM Images/Getty Images; Illustration by Hunter Newton/Bankrate Mortgage rates dipped this week, with the 30-year fixed rate averaging 6.32%, down from 6.37% the previous week, according to Bankrate’s latest lender survey. Current mortgage rates Loan type Current 4 weeks ago One year ago 52-week average 52-week low 30-year…
Image: Getty Images; Illustration: Bankrate Minimal movements for home equity rates this Thanksgiving week. The $30,000 home equity line of credit was unchanged, holding at 7.81% for the third week in a row, according to Bankrate’s national survey of lenders. Meanwhile, the benchmark five-year $30,000 home equity loan inched up…
SDI Productions/Getty Images Key takeaways Banks exist that cater to specific political views, faiths, environmental concerns and social causes. Finding the right bank requires combining your core values with thorough research. Local banks and credit unions often support community initiatives that align with your beliefs. When choosing a bank, most…
Key takeaways Money market accounts combine the features of checking and savings accounts and are FDIC- or NCUA-insured up to $250,000 per depositor. Money market funds aren’t federally insured or regulated, but they are considered conservative investments with very low risk of principal loss. Top-yielding money market accounts currently pay…
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