September 2023

Analyzing a stock’s dividend involves assessing the company’s dividend-related metrics to determine the attractiveness and sustainability of its dividend payments. Dividends are a portion of a company’s earnings that are distributed to shareholders, typically on a regular basis, often in the form of cash payments. Here’s how to analyze a stock’s dividend: Find the Dividend […]

APR, or Annual Percentage Rate, on a credit card is a crucial aspect of understanding how credit cards work. Here’s everything you need to know about APR on a credit card: What Is APR? APR is the annualized cost of borrowing money through your credit card. It represents the interest rate you’ll be charged if

A cashier’s check is a secure form of payment issued by a bank or credit union on behalf of a customer. It’s considered a guaranteed form of payment because the funds are drawn directly from the bank’s own account and not the customer’s personal account. Cashier’s checks are often used for transactions where a high

Overdraft protection is a banking service designed to help prevent your checking account from going into a negative balance when you make a transaction that exceeds your available funds. It can provide peace of mind by avoiding costly overdraft fees and declined transactions. Here are the ins and outs of overdraft protection: How Overdraft Protection

Overdraft fees are charges imposed by banks or financial institutions when you spend more money from your checking account than you have available. These fees occur when you make a transaction that exceeds your account balance, resulting in a negative balance. The bank allows the transaction to go through but charges you an overdraft fee

A brokerage account and an Individual Retirement Account (IRA) are both investment accounts, but they serve different purposes, have distinct tax treatments, and come with various rules and restrictions. Here’s a detailed comparison of the two: Brokerage Account: Individual Retirement Account (IRA): Purpose: An IRA is a tax-advantaged retirement savings account designed to help individuals

Private Mortgage Insurance (PMI) is a type of insurance that lenders often require borrowers to purchase when they obtain a mortgage and make a down payment of less than 20% of the home’s purchase price. PMI is designed to protect the lender, not the borrower, in case the borrower defaults on the mortgage. Here’s how

Increasing your credit limit refers to the process of requesting and receiving approval for a higher maximum borrowing amount on your credit card. The credit limit represents the maximum balance you can carry on your credit card at any given time. Here’s why it’s important to have a high credit limit and how to increase

An assumable mortgage is a type of home loan that allows a homebuyer to take over or “assume” the existing mortgage of the seller when purchasing a home. This can be a beneficial option for buyers in certain situations, as it allows them to inherit the seller’s mortgage terms, including the interest rate and remaining

Joint checking accounts are bank accounts that are shared by two or more people, typically spouses or domestic partners. Here are some key points to consider when it comes to spouses having joint checking accounts: Before opening a joint checking account, it’s a good idea for spouses to discuss their financial goals, spending habits, and