Category: Finance

What Is a Money Wire Transfer? A wire transfer is an electronic transaction that you can initiate through your bank or a non-bank transfer provider, such as Western Union.1 When you
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A banking desert is a census tract or neighborhood which has no bank branches in it or within 10 miles of its center. Economists at the Federal Reserve Bank of
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For many young adults, it seems easier to put off any investing decisions until their financial situation becomes, at least theoretically, more stable. Twenty-somethings, however, are actually in a prime
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Investing is an effective way to have your money work for you and build wealth. Holding cash and bank savings accounts are considered safe strategies, but investing your money allows
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The old saying that it takes money to make money is true. For those living paycheck to paycheck, there often isn’t enough money left over to put toward investing. When you
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What are the best investment accounts for young investors? Though encouraged to invest for their future, which is good advice, the big question for young investors is how to get
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Investing is an incremental game, and building a solid portfolio takes time. Here are seven ways to invest $1,000 to help you get started. 1. Pay Down Debt Paying off debt ensures a guaranteed return. The interest you save
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Definition and Example of Refinancing Refinancing is the process of paying off your existing mortgage and creating a new one. It allows you to replace an unsatisfactory or unsustainable home
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If you have room in your budget (or a lump sum of cash), making extra mortgage payments may help you in several ways. You can save a substantial amount in interest,
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An adjustable rate mortgage, called an ARM for short, is a mortgage with an interest rate that is linked to an economic index. The interest rate and your payments are
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