Finance

A mother added her daughter as an authorised user to her credit card, opened nine accounts in her name, and racked up $30,000 in debt. She urged the daughter to take down the police complaint and be grateful for letting her go to college.

The Biden Administration's latest pay raise announcement is lower than the 4.6% hike at the end of 2022 and 5.2% at the end of last year.

More 401(k) participants contribute early and consistently for years while fully leveraging employer-matching contributions and major tax breaks.

A high-earning Bronx couple struggles financially, spending 83% of their income on fixed costs like $1,200 on groceries and $500 on their puppy, prompting financial expert Ramit Sethi to suggest urgent changes.

Knowing your money personality allows you to create strategies that resonate with your natural financial inclinations.

Parents are paying their sons more than their daughters and working women are still paid just 91p for every £1 earned by males. Why is this happening and when will it change?

The Capital on Tap business credit card charges no annual or forex/ATM fees, offers a 42-day interest-free period, APRs starting at 15.22%, and 1% cashback on all business spending.

Elizabeth's impulsive spending habits have kept her family poor for over a decade. She continues splashing money on clothes and using buy-no-pay-later apps for all expenses.

Millie Adrian left her corporate job to become a full-time CEO at her content creation company, which experienced rapid growth by offering valuable guides to entrepreneurs interested in diverse online business opportunities.

Millionaire author Ramit Sethi shared his detailed retirement strategy of diversifying investments in often-overlooked retirement accounts to help protect investments and capital gains from taxes, inflation, and market volatility.

George Kamel warns homebuyers against falling into the trap of assumable mortgages, which often lead to high upfront payments, long closing times, and a lot of paperwork.

A Canada-based salesman is struggling with $12,000 in monthly costs, led by over $7,000 in mortgage payments, which is alone 60% of his take-home pay. Experts advise him to sell his cars, house, or rent until his debt is repaid.

More UK homeowners seek financial assistance from charities and lenders as their fixed-rate mortgage deals end this year. The new, higher rates are expected to hike payments by an average of £1,800 annually, raising risks of defaults and more outstanding balances with arrears.

The DOJ is probing RealPage's collusion with landlords via its algorithm-based rental price-setting software to fix higher rents beyond market forces that impacted millions of renters.

The average UK credit card APR has increased significantly since early 2023 as part of the BoE's broader interest-hike campaign to curb inflation. This has weighed on household budgets as more outstanding debt balances slip into delinquencies.

The trash and dumpster cleaning services industry benefits from intrinsic factors like a growing population, densely populated areas, and environmentally conscious consumers and lawmakers calling for sustainable practices.

Buffett invested heavily in the Class A shares of Heico Corporation, which continues to post record net sales and income growth while returning value to investors via cash dividend hikes.

Burry reduced Scion Asset Management's portfolio size by almost half in Q2 to just over $50 million as part of a reshuffling that involves investments in healthcare and China's tech firms.

Buffett's move comes ahead of the planned SiriusXM-Liberty Media merger to create a new firm representing the SiriusXM brand for a simplified ownership structure and enhanced trading liquidity.

During Redfin's Q2 earnings call, CEO Glenn Kelman said he is surprised about the muted real estate market activity despite mortgage rates consistently declining in recent months.

Best-selling author Jen Glantz had her retirement portfolio reviewed by a financial planner, who found it lacked tax diversification, passive income streams, and timely contributions to retirement accounts.

Arrived lets you buy prime, vetted single-family rentals across dozens of US markets online for monthly rental income and net-worth growth through value appreciation.

It could be years before AI becomes the top revenue driver in tech firms, as the new technology will likely take years to mature and fit into business models across industries.

A Mexican TikTok user has sparked debate by claiming that despite higher salaries, Americans struggle financially due to the exorbitant cost of living.

Millionaires often leverage provisions like backdoor Roth IRAs, 1031 exchanges, and business asset depreciation to reduce tax liabilities and preserve capital.

There are several ways credit card holders can minimise risks and damage from threat actors who steal consumer data and use it to secure fraudulent credit cards and government benefits.

Gold prices hover near record highs as disappointing tech earnings, growing Israel-Iran tensions, and signs of weakness in the US economy stirred volatility in global stock markets.

Analysts see factors like potential rate cuts, ample cash reserves, and dividend payouts from mega-cap tech companies lifting dividend stock prices in the remainder of 2024.

The former House Speaker's latest purchase of 10,000 Nvidia shares follows an additional purchase of 10,000 Nvidia shares in June, despite mounting pressure on Congress to ban these trades.

Clayman notes that sometimes budgeting is less about the consumer's financial situation and more about anticipating that life will be different now.