Money management – Carfin Sat, 03 Jul 2021 21:09:43 +0000 en-US hourly 1 Money management – Carfin 32 32 Installment loan easy and secure financing immediately Mon, 19 Apr 2021 02:37:28 +0000 It often happens that you need fast and uncomplicated money, but often are not in stock. If there is a shortage of funds for the purchase of a car or the payment of a short-term holiday, the instant loan is an adequate solution. This installment loan is repaid monthly in mostly equal amounts and eliminates long waiting times. Just one day after the online application, the preliminary decision has been made as to whether a loan agreement will be sent to the borrower. After that, it takes only a few days until the amount is transferred, which can be between 500 euros and 7 5000 euros. The duration can be set according to the personal wishes between 12 and 84 months.

The monthly installments serve to repay the borrowed amount and include all costs incurred. The amount of the interest rate depends on the duration of the term. The longer the term is chosen, the higher the accrued interest. But the monthly installments are lower for a long term, which makes the total cost more expensive.

The term can be reduced by prepayments. This does not change the amount of the fixed monthly installment amount.
The total annual cost of the loan includes the administration and administration fees, the interest component and the annual percentage rate of charge.

After three months, the loan agreement can be terminated at the earliest, if the borrower can and wants to repay the amount prematurely. There is also a notice period of three months. The processing fee remains in this case with the bank.

The borrower must meet three criteria:

  1. He must be at least eighteen years old.
  2. He must be in a permanent employment relationship.
  3. The Schufa query must be positive.

If the borrower decides to apply for installment loans via, he can look forward to many advantages. Since processing by the electronic way for the bank time-consuming and bureaucratic effort partly fails, this is reflected in the positive cost. Incidentally, it is easier to compare the terms and conditions of the various bidding banks from home. In addition, the online application is not bound to opening hours or free appointments and the collection of information is stress-free and relaxed since the way to the branch banks or savings banks can be avoided.

If you want to apply for the instant loan for a house you should check the quality of the house beforehand. This gives you a quick overview of the quality.

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Israeli credit startup obtains investment, VISA partnership Thu, 11 Mar 2021 05:38:29 +0000

ChargeAfter, a Ramat-Gan, Israel-based startup whose software enables consumers to obtain tailored point-of-sale credit options, said it received a “substantial” investment and has established a strategic partnership with the credit card provider Visa Inc.

The Israeli company, founded in 2017 by CEO Meidad Sharon, did not disclose the amount invested, but Sharon said “this is a strategic and substantial investment.” The company had raised, before Visa funds, some $ 9.5 million in seed and Series A financing.

Visa’s investment follows its 2018 investment in an Israeli startup On behalf of, to support small business growth with easy access to capital and financing.

The partnership will see Visa market and distribute ChargeAfter to its more than 16,000 issuing banks, merchant acquirers, merchants and cardholders around the world, Sharon said in a telephone interview.

ChargeAfter CEO and Founder Meidad Sharon (YouTube screenshot)

The strategic partnership with Visa will help provide Visa cardholders with more choice and flexibility in payments when purchasing goods and services in-store or online, ChargeAfter said in a statement Wednesday.

Through this partnership, Visa’s network of vendors, acquirers and issuing banks will have the ability to distribute a wide range of point-of-sale finance and credit instruments to online and in-store vendors around the world at using ChargeAfter software, the company said.

The collaboration will also allow Visa’s global network of issuing banks to participate in ChargeAfter’s network as direct lenders, the statement said.

The startup aims to create tailored credit options for consumers at the time of their purchases, whether online or in-store.

“Traditional banks like BBVA, Synchrony and now VISA are all realizing that consumers demand alternative payment methods, or APMs, and elastic, dynamic payment options,” said Sharon. “One of the reasons for the rapid growth of alternative payment methods is the fact that 63% of millennials do not have a credit card and by the end of 2020, 40% of consumers will be in the millennial cohort and of generation z. who expect payment methods other than credit in the form of plastic. Merchants, both online and retail, need to prepare accordingly and ensure they have the payment tools and methods available for their consumers to pay at checkout. “

When a consumer applies for a credit card, the issuing entity can approve or deny the request. But once the credit card is issued, “you’re tied to that line of credit on every purchase,” he said.

“It is not profitable for the consumer,” he said. “We are changing all of that.”

What ChargeAfter does is allow consumers to decide in-store or on the ecommerce site (point of sale) how they want to pay: cash or credit.

On a website, consumers receive a message indicating that “funding is available” for that product. If consumers are interested in financing, they can click on the option and fill in four data points: cell phone, date of birth, social security number, and annual income. ChargeAfter verifies the data, then goes to the banks it works with for a number of funding options.

“It’s no longer a suit that fits everyone,” Sharon said. Every consumer gets credit offers, such as installment loans or an open revolving line of credit, that are best for them, he said.

In a store, the person at the checkout would ask if they are interested in credit financing, and if so, provide their cell phone number and then get a link through which to enter their contact details.

“We present the credit options in a clear manner,” said Sharon.

Merchants and consumers are showing they see “value” in ChargeAfter’s offering, he said.

ChargeAfter software is used by online stores including, and Sharon said “several” banks are already working with the startup.

Visa’s investment and the strategic partnership formed “is probably the best testament to our funding platform,” said Sharon. “It’s the next wave of credit.”

The other investor in ChargeAfter includes venture capital funds such as PICO Venture Partners, Propel Venture Partners, BBVA, Synchrony and Plug and Play VC.

The startup is headquartered in Sunnyvale, California, and offices in New York and Tel Aviv.

“Consumers are increasingly demanding more choice and flexibility when making a payment, whether for their daily needs or for high-value items. By working with ChargeAfter, we aim to make it easier for sellers and financial institutions to offer a range of tailor-made and personalized financing options at the point of sale, allowing consumers to manage their payments in a way that is convenient for them. Said Shahar Friedman, director of the Visa Innovation Studio in Tel Aviv.

The startup is looking to triple its Israeli workforce by the end of the year, Sharon said. The company currently employs 30 workers in Israel and 10 in the United States.

(This updated version corrects the amount of funds raised to $ 9.5 million)

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Are government employees ‘hooking’ with taxpayer dollars? Thu, 11 Mar 2021 05:38:29 +0000

There are a few “ghosts” that frequent some office building in Santa Fe. No, not the spooky Halloween-type apparitions, we are talking about some well-paid public employees who only show up for work sporadically and disappear for long periods of time. .

Who are they? Meet the executive assistants of the Public Regulation Commission (PRC).

Governed by five elected officials, the PRC is a large state agency that oversees everything from utility tariffs to pipeline safety. Among the 129 PRC employees, there are five executive assistants of $ 72,000 per year who staff each of the Commissioner’s offices in Santa Fe.

So, for example, if you have a problem with your utility bill, you can seek help from one of the commissioners of the PRC. But if you schedule your visit for Monday, October 15 at 11:20 a.m., you’ll find a series of dark office suites and locked doors. While most state employees are at work that day, Commissioners Lovejoy, Hall and Lyons (and their staff) are nowhere to be found.

A year-long investigation into News 13 reveals that most PRC commissioners and their executive assistants only show up at the Santa Fe office sporadically. And while commissioners, who are elected officials, are not held to account for their time, executive assistants must abide by state personnel rules. In fact, our investigation reveals that some assistants seem to play with the taxpayer’s penny. Even though their timesheets reflect the working hours, they are frequently absent from their office suites in Santa Fe.

PRC chief of staff Ernest Archuleta said executive assistants to the commissioner are not “special” employees. “Their normal work schedule is usually 8 to 5 Monday through Friday with one hour for lunch. The chief of staff adds that if a PRC employee does not come to work and fails to note the absence on their time cards, then “it is a problem”.

Consider the work habits of Executive Assistant to Commissioner Lynda Lovejoy, Andre Cordero. A spot check of KRQE News 13 over the past year indicates that André Cordero was not at work for many random days. A review of his timesheets shows that Cordero did not take any time off for those days.

For example, KRQE News 13 found Cordero was off work for dozens of days in 2017, including:

  • Friday June 16
  • Friday November 17th
  • Tuesday, November 21
  • Monday November 27
  • Monday December 11
  • Wednesday 13 December
  • Friday December 15th
  • Monday, December 18
  • Tuesday 19 December
  • Friday December 22.

Cordero says he’s in the office every day. He denies having “faked” on his scorecard. “I was here. It is my professional responsibility to be in this office,” Commissioner Lovejoy’s executive assistant told KRQE News 13 that he may have been out for lunch when we did our spot check. “I’m here a lot. When I leave the office I can get something to eat and come back. But most of the time my (schedule is) consistent.”

Commissioner Lovejoy says she is not concerned about her assistant’s work schedule. “Andre is probably the only assistant who is here,” says Lovejoy. “My assistant as well as the other assistants of the commissioner are exempt. (André) doesn’t need to be here from 8 a.m. to 5 p.m. Monday to Friday. I just won’t accept that my assistant is wasting his time, ”says Lovejoy. Commissioner Lovejoy explains that André works in the office Monday through Wednesday and works in the field Thursday and Friday.

Shortly after we asked Andre Cordero about the gaps in his scorecard, he resigned from the PRC.

The KRQE News 13 investigation also documented numerous inconsistencies in scorecards by Deborah Bransford, executive assistant to Commissioner Pat Lyons. For example, some of the days Ms Bransford was away from her PRC office in 2017 and 2018 were:


  • Wednesday 13 December
  • Friday December 15th
  • Monday, December 18
  • Friday 22 December


  • Friday February 2
  • Tuesday 6 February
  • Thursday February 15
  • Friday February 16

On those dates, Ms. Bransford indicated on her time card that she was working and did not take time off.

Deborah Bransford says Commissioner Lyons gives her permission to “telecommute” by carrying a cell phone and sometimes working from home. “I might not always be at my desk, but I’m always available,” Bransford says. “My phone is connected to my office. I have to carry (a cell phone) 24/7. I’m on call 24/7 and I’m not entitled to overtime, ”Bransford told News 13.

“I write letters for my employer. I do whatever he wants me to do and check my emails. I answer emails. I call people. I have access to calls in the office. I resolve critical issues, complaints, ”Bransford says.

State auditor Wayne Johnson says telecommuting is only allowed when a public body has a written policy governing the rules for working from home. “It’s not the rule here in the state of New Mexico that every employee, at the drop of a hat, can decide, ‘Well, I’m not going to go to work today. telecommute, ”says Johnson.

PRC Chief of Staff Ernest Archuleta said the Public Regulatory Commission does not have a telework policy. “It’s not allowed because there is no policy at the moment,” Archuleta says.

State Auditor Johnson says the lack of a teleworking policy in the PRC is “absolutely” a problem. “What the policy helps you do is create an environment of accountability for the employee,” says Johnson.

And there’s more.

The office of Commissioner Cynthia Hall in Santa Fe is regularly closed. Commissioner Hall also authorizes her Executive Assistant to work from home. KRQE News 13’s spot check last year documented more than three dozen days during which Hall’s assistant, Stephanie Dzur, was not in the office and did not take time off. Dzur resigned earlier this year.

Commissioner Hall said her new assistant, Heather Alvarez, is also sometimes allowed to work from home and telecommute.

“It is not permissible for an employee not to come to work and be paid for it,” said Wayne Johnson. “It’s absolutely a problem from our point of view. We call it a scorecard fraud… My advice to management is to start documenting their absences and if you are a whistleblower in this organization, keep a log of this employee’s attendance, ”says Johnson. .

To view an example of a teleworking policy, click here.

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Where can I buy inexpensive personal checks? Thu, 11 Mar 2021 05:38:28 +0000

More checks? Getting more from your bank or credit union is convenient, but it’s not your only option. You can order personal checks wherever you are.

Some banks charge $ 20 or more per box unless you are a premium account holder. You could save over 50% by buying from a printer or national chain.

While paper checks are becoming less common, they are still often needed to pay rent, for your kids’ activities, or even for a box of Girl Scout cookies. Not all merchants accept credit cards or electronic payments. Americans were still writing some 18 billion checks a year in 2012, according to the Federal Reserve.

Here is a list of what some major banks, check printers, and big box stores charge for ordering personal checks. Prices shown are for basic checking account customers.

Personal Check Order Options

Bank checks

Many consumers reorder checks from their bank simply because they trust the institution. And it’s convenient: you won’t have to enter your checking account number or search for your bank’s routing number.

If you have a premium checking account – the type that usually requires a minimum balance or regular direct deposits – you can get free or cheap top-up checks from your bank. Customers with basic checking accounts might pay a higher price.

Online Printer Checks

Are Online Printer Checks As Good? They have to be if they are to be universally accepted, according to the Check Payment Systems Association, an industry group for check printers. “All reputable check printing companies produce checks in accordance with industry standards to ensure checks will be accepted by banks and merchants,” says Steven Antolick, CPHA Executive Director.

The association recommends that check printers incorporate security features designed to thwart counterfeiters, such as micro-printed letters and nearly invisible security screens. “Many check printers in the United States have been certified by the CPSA to use the padlock icon – the little padlock symbol you see on many checks – and that means the company has incorporated it into the minus a minimum number of safety functions. to protect against alteration and duplication of the check, ”explains Antolick.

Before ordering checks from an unknown company, look for the CPHA padlock icon on their website. Also verify that the printer is accredited by the Better Business Bureau.

Big box store checks

You can also get inexpensive personal checks at the same big box stores where you get paper towels by case. Costco, Sam’s Club, and Wal-Mart offer inexpensive check printing. The checks are produced by Harland Clarke, who is CPSA certified, whether the checks are sold under the Harland Clarke name or the store’s name, Antolick says. Just like with paper towels, you might end up ordering a large quantity to get the discount.

Get the most out of your money

Track all your spending at a glance to understand your trends and spot opportunities to save money.

How To Get Cheap Personal Checks

To spend the least on top-up checks, follow these strategies.

  • Ask your bank for the free checks available. Check with your financial institution first – you might get freebies, especially if your account has preferred status. If you only need a check or two in a hurry, ask a check teller at the counter. Banks can provide a few of these emergency checks for free, although some, like Chase, now charge $ 2 for a sheet of three.

  • Check online for discounts. Why pay retail? If you search for a “promo code for ordering checks” on Google, you can find discount codes for ordering checks on savings websites, such as and

  • Choose plain models. To pay the cheapest by check, choose value models such as Safety Blue. Ignore upgrades like duplicate checks or custom photo designs.

  • Buy en masse. If you order multiple boxes, you will likely get a volume discount.

  • Ignore add-ons. When ordering checks, you will be asked to enter information such as your bank routing number, checking account number, and other details. As you approach verification, you may be offered additional modules. Items like fraud protection, expedited printing, and trackable shipping will increase your final bill. For the best value for money, refuse all of these extras.

The bottom line

When you run out of checks, it’s often more convenient to order them from your bank, and if you’re a premium customer, you might even get them for free. Alternatively, ordering refill checks from a printer other than your bank can be a money-saving option for consumers; Just make sure you stick with reputable companies. Don’t spend more than you need for the little pieces of paper that allow you to spend your own money.

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Cost of Living Calculator | Nerdwallet Thu, 11 Mar 2021 05:38:28 +0000

One of the most important decisions you need to make before moving to a new city is how much it will cost to live there. The “cost of living” is the amount of money you need to maintain a certain way of life in a given location.

Because the price of goods and services varies from city to city, calculating the cost of living will determine how affordable it is to live in a certain area. Expenses that factor into the cost of living can include affordability of housing, transportation costs, food prices, and entertainment costs. The cost of living is also related to income, as salary levels in a geographic area are measured against those expenses.

A cost of living index allows you to directly compare the cost of living in one region versus another, helping you understand how far your money can go in each location. For example, the cost of living in San Francisco is double that of Boise, Idaho. Whether you are using a cost of living index or a cost of living calculator, each will help you feel more confident in deciding where to live.

NerdWallet’s cost of living calculator is powered by data from the Council for Community and Economic Research (C2ER). According to the council, “C2ER produces the cost of living index to provide a useful and reasonably accurate measure of cost of living differences between urban areas. The items on which the index is based have been carefully chosen to reflect the different categories of consumer spending.

C2ER was founded in 1961 and continues to exist today as a not-for-profit organization, “comprising research staff from chambers of commerce, economic development organizations and agencies and related organizations across the board. United States “. The C2ER has published its quarterly cost of living index since 1968. It is made up of “nearly 100,000 data points collected mainly by C2ER members located in 400 cities”.

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Cricket Wireless Cell Phone Packages Thu, 11 Mar 2021 05:38:27 +0000

A few frills, a reasonable price, and a solid network make Cricket Wireless an attractive one. prepaid cell phone option. Cricket Wireless plans range from no data to unlimited data, with a few options in between.

Cricket Wireless Cell Phone Plans

Monthly plans

You can save $ 5 per month, per line on plans of $ 40 or more if you opt for automatic payments.

  • Cricket core (unlimited): $ 55

  • Cricket More (Unlimited + 15 GB mobile hotspot): $ 60

Get the most out of your money

Track all your spending at a glance to understand your trends and spot opportunities to save money.

Data speed on Cricket plans, including the standard unlimited plan, is capped at 3Mbps, which is slower than the 4G LTE speeds most smartphone users would expect. Data speed is not capped on the Cricket More plan.

Family package: Cricket offers a group discount on its 5GB and unlimited packages, which is a great feature for people who buy a family mobile plan.

How Cricket Wireless Stacks Up To Price

$ 20 (talk, text and Wi-Fi)

$ 15 (talk, text and Wi-Fi)

$ 30 (1,500 minutes, unlimited texts and 100MB of data)

$ 45 (with 12 GB of access point)

$ 60 (with 30 GB of access point)

* Google Fi customers pay $ 20 for unlimited calling and texting. Data is billed at a rate of $ 10 per gigabyte. ** Republic Wireless customers pay $ 15 for unlimited calling and texting. Data is billed at a rate of $ 5 per gigabyte.

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MOHELA customer service: what it can do and how to contact it Thu, 11 Mar 2021 05:38:27 +0000

Find the latest on

MOHELA is one of nine companies that manage federal student loans by collecting and tracking payments. MOHELA, or Missouri Higher Education Loan Authority, is a nonprofit company that offers federal and private student loans. If MOHELA is your federal student loan manager, here’s what they can help you do.

  • Register to access your account online. Once you have access to it, you can contact MOHELA, access your monthly billing statements and pay your bills.

  • Sign up for automatic payment. MOHELA can automatically deduct your payments from your bank account. Signing up for automatic payment will reduce your interest by 0.25%.

  • Sign up for an income-based refund. You can ask income-based reimbursement, which limits your student loan payments to a percentage of your income, by filling out a paper form with MOHELA. (You can apply online at then recertify your income annually online as well.)

  • Process requests for adjournment and abstention. MOHELA can help you temporarily stop making payments or reduce your payment amount if you qualify. This helps you stay in good standing to avoid defaults. But during all periods of adjournment or abstention, interest can continue to grow.

  • Process monthly payments and additional payments. MOHELA will track and collect your payments. If you want to make additional payments, you can ask MOHELA (online, by phone or by mail) to apply additional payments to your current balance. Otherwise, he can apply the additional amount to the next month’s payment instead.

Your loan manager is assigned by the US Department of Education when your loan is first disbursed at your college. The name of the company that sends you a federal loan bill each month is your service agent. If your loan repayments haven’t started or you’re not sure which company your manager is, log on to My federal student aid discover. You can also get in touch with one of the loan services contact centers by calling 1-800-4-FED-AID.

Service agents are there to help, but they can suggest choices that are best for the business, not the borrower. This means that they cannot change the way payments are processed and may not suggest the most beneficial refund option for you. This is the most important to know your repayment options so you know the right questions to ask.

Am I stuck at MOHELA until my loans are repaid?

Loans are sometimes transferred from one provider to another by the Ministry of Education.

The Department of Education plans to change the landscape of student loan management by signing new management contracts with five companies to eventually take over loan management. This means that your loan manager is likely to change. MOHELA is expected to continue managing the loans until March 2022.

You will be notified when this happens and you will manage the payments with the new server. All repairers offer the same options and programs, but customer service may differ from each other.

Otherwise, you are likely to stay with MOHELA unless you take action to change service. Use this tool to find out what might work for you.

How to reach MOHELA customer service

MOHELA contact number: 1-888-866-4352

MOHELA opening hours: Monday to Thursday 7 a.m. to 9 p.m. CT and Friday 7 a.m. to 5 p.m. CT

MOHELA address for loan repayments: All payment addresses depend on your location. Log into your MOHELA account or call for the correct address.

MOHELA address for general correspondence:

Chesterfield, MO 63005-1243

How to complain about MOHELA

If you encounter difficulties with MOHELA that you have not been able to resolve, first file a complaint directly with the MOHELA ombudsman. It is the highest customer service desk of the service agent. Fill in a formal request via pdf and send by fax to: 1-866-222-7060 or by mail to:

If your problem is not resolved, you can also file a complaint about MOHELA with:

Make sure you keep track of the conversations you have, including the day, time, and the customer service rep you spoke with. Keep copies of all letters, invoices or emails regarding your account.

How to settle a dispute with MOHELA

If a complaint does not help you, you can contact the Federal Student Aid Ombudsman Group. This method should only be used as a last resort, says the federal student aid office. Complete all the information on the Ombudsman Information Checklist before contacting. When you’re ready to contact us, here’s how to contact us:

By email: US Department of Education

The Nine Federal Student Loans Services

Learn more about each of the federal loan officers, including what they can do and how to contact them.

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NerdWallet’s Best Credit Cards for Large Purchases Thu, 11 Mar 2021 05:38:27 +0000

If you have a big buy coming, getting a new credit card can be a smart financial strategy. But people can have very different goals to match a new card with a big expense. Typically they are:

  • A huge signup bonus. If you have to spend money on a big purchase anyway, you might as well charge it off a rewards credit card and earn a bunch of cash or points from a sign up bonus, which usually requires spending several thousand dollars in a few months.

  • 0% interest. Others may prefer a 0% promotional interest period to extend the time they have to make payments for free. the best introductory APR cards 0% do not offer interest on purchases over one year old.

Each of these scenarios is primarily available to new cardholders. They generally do not apply to your existing credit cards.

Whether your big expense is from a wedding, a new furnace, a major auto repair, or something else, below are a few credit card suggestions based on what interests you in a new one. menu. Even if you don’t take a specific map recommendation, categories can be a useful roadmap for what types of maps to look for.

These strategies work best for people with credit scores high enough to get the credit card limit they need for the big purchase.

For a promotion at 0% interest

Long introductory period at 0% but no rewards

If you care the most about avoiding interest charges on a new purchase for as long as you can, and aren’t looking for a rewards credit card to use every day:

American bank Visa® Platinum card

NerdWallet Rating

Learn more

Introductory APR: Introductory APR of 0% * for 20 billing cycles on purchases and balance transfers *, then ongoing APR from 14.49% to 24.49% * Variable APR

Get a long introductory 0% period on purchases (and balance transfers). The card offers no reward for spending and requires excellent credit. The annual membership fee is $ 0 *.

Nerdy tip: Another benefit of using a credit card for large purchases is that you have a number of protections for consumers, including the ability to litigation costs. And many cards offer extended warranties, extending the manufacturer’s warranty.

0% period + cash back

While you can accept fewer months of 0% interest on purchases and prefer your rewards cash, you have a number of choices that offer rewards and a signup bonus. This is an example with flat rate cash rewards.

Capital One Quicksilver Cash Rewards Credit Card

Capital One Quicksilver Credit Card
NerdWallet Rating

Learn more

Introductory APR: Introductory APR of 0% on purchases for 15 months, then ongoing APR from 15.49% to 25.49% variable APR

Get 1.5% unlimited cash back on every purchase. The annual membership fee is $ 0.

0% introductory period + travel rewards

Travel credit cards aren’t known for their 0% terms, but if you don’t need a very long interest-free period, you can get a high-quality travel card with a sign-up bonus. .

Discover it® Miles

Discover it® Miles
NerdWallet Rating

Learn more

Introductory APR: 0% introductory APR on purchases for 14 months and 10.99% introductory APR on balance transfers for 14 months, then the ongoing APR from 11.99% to 22.99% Variable APR

Earn 1.5 unlimited miles for every dollar spent on all purchases, and redeem miles as statement credit for travel purchases. The annual membership fee is $ 0.

Nerdy tip: As always with credit cards, you want to avoid the interest charges for carrying a balance outside of a 0% promotional period. And if you’re using up a lot of your credit limit, it could credit scores until you pay off the balance.

For a sign-up bonus

The strategy here is for when you already have the money to pay in full but want to earn a stack of cash back or rewards points from a new credit card. You do this in two ways: by hitting the minimum spend required to get the signup bonus, and by accumulating rewards for spending money on the card. The biggest signup bonuses come on cards with an annual fee.

Sign up bonus with cash back

Capital One® Savor® Cash Rewards credit card

Registration bonus: Earn a one-time $ 300 cash bonus after spending $ 3,000 on purchases within the first 3 months of opening the account

Earn 4% unlimited cash back on meals and entertainment, including streaming services; 3% in groceries and 1% on all other purchases. Annual subscription : $ 95.

Another good choice with annual fee of $ 0:

Travel rewards registration bonus

Chase Sapphire Preferred® Card

Chase Sapphire Preferred Credit Card
NerdWallet Rating

Learn more

Registration bonus: Earn 100,000 bonus points after spending $ 4,000 on purchases within the first 3 months of opening the account. That’s $ 1,250 when you redeem through Chase Ultimate Rewards®.

Double points on travel and meals at restaurants around the world and 1 point per dollar spent on all other purchases. Annual subscription : $ 95.

Nerdy tip: Some reward credit cards offer additional benefits or rewards for reaching specific spending levels, such as spending $ 25,000 per year. If you have one of these cards, using it could be another way to strategically benefit from a large purchase without requesting a new card.

Sign up bonus for premium travel awards

Chase Sapphire Reserve®

Chase Credit Card Chase Sapphire Reserve
NerdWallet Rating

Learn more

Registration bonus: Earn 60,000 bonus points after spending $ 4,000 on purchases in the first 3 months after opening the account. That’s $ 900 travel when you redeem through Chase Ultimate Rewards®

Earn triple points on trips and dining out; 1 point for every $ 1 spent on all other purchases. Annual subscription : $ 550.

Other options

If you’ve already made a large purchase with a credit card but can’t pay it right away, you can transfer a balance to a card at 0%. See NerdWallet’s Choices for best balance transfer credit cards. Just note the balance transfer fee, often 3% to 5%.

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How much money should I spend each month? Thu, 11 Mar 2021 05:38:27 +0000

Not all your money is a fair game for fun things – you need to deal with the bills and debts first. Add savings to the mix and you will see the need to spend less than what you earn.

“We always want less money to go in,” says Amy Irvine, CFP, founder of Rooted Planning Group.

So before your next visit to the mall, determine a budget which takes into account some of your wants as well as your needs.

How Much Money Should You Spend?

When it comes to how much you should spend, NerdWallet advocates the Budget 50/30/20. With this formula, you aim to spend 50% of your take home pay on needs like rent and insurance, 30% on needs like gym memberships and vacations, and 20% on debt repayment. and savings.

Needs come before wants, and your specific expenses will be based on your income. Here’s how to do it.

Before building a budget

Track all your spending at a glance to understand your trends and spot opportunities to save money.

Start with your take-home pay

You only have an amount of money to work on if you stick to spending within your means. Your starting amount is your net revenue, after taxes and payroll deductions added. This figure determines how much you can afford to spend on everything from rent to groceries.

Not enough? You can try to earn more money – get a raise, change jobs with a higher salary or accept additional work. To increase your current salary, find ways to to save money, such as carpooling to work or using coupons.

Determine how much you need for key expenses

If you spend everything you bring in for what you want, you won’t be prepared for the future.

Start with the 20% for savings and debt. Pay yourself first by setting aside money for an emergency fund and retirement. Then turn to debt. If you have past due credit card debt, for example, try to reduce it.

Then subtract your regular bills. If your monthly take-home pay is $ 5,000, spend no more than half that amount, or $ 2,500, on essential expenses such as rent and utilities.

Make room for fun money

You have now used up a substantial portion of your income, but it’s crucial to give yourself room to breathe. Saving for the future is important, but like a restrictive diet, trying to stick to a budget that isn’t fun in the moment isn’t realistic. This is where the 30% of “desired” spending comes in.

Don’t wait until retirement to buy things that make you happy. You shouldn’t be saving “for that magical finish line,” how well you’re finally starting to live, says David G. Metzger, CFP, founder of Onyx Wealth Management LLC in Illinois.

“It’s important to think about what we can do right now to enjoy life a bit and then just fit it into the budget,” says Metzger. Build in room for needs that are important to you.

But remember, the formula can’t go over 100%, so you will have to sacrifice in some areas if you overspend in others. You can’t spend 30% of your salary on desires if you already have 90% commitments on bills and savings.

Make changes to your spending along the way

Whether it’s a move to a new city or a rising cost of living in your hometown, your spending fluctuates over time.

If you run out of funds at the end of each month, immediately review your spending habits. Check your credit card and bank statements to identify spending patterns; don’t forget the withdrawals you have made.

Try to throw all of your receipts in a jar to identify areas where money is slipping out of your budget, says Steve Sivak, CFP, the managing partner of Innovate Wealth in Pennsylvania.

The more honest you are about how you allocate your money, the better off you will be.

NerdWallet Guide to COVID-19

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How will paying off my mortgage affect my credit rating? Thu, 11 Mar 2021 05:38:26 +0000

Q. My mortgage is almost paid off, I have a $ 10,000 car loan and a small credit card debt. My credit score is 830. How will paying off the mortgage affect my score? I am also thinking of taking out a Home Equity Line of Credit (HELOC). Should I do this before or after paying off the mortgage?

– Happy owner

A. Paying off a mortgage is celebratory, and congratulations are absolutely in order.

Your high credit score is also admirable.

The score is based on a number of criteria, including the credit mix you have, said Claudia Mott, certified financial planner at Epona Financial Solutions in Basking Ridge.

While your credit mix only makes up a small percentage of your 10 percent credit score, the fact that installment loans and credit cards contribute to the math, she said.

Mott said the most important elements of a credit score – 25 percent payment history and 30 percent due amounts – are the most important factors.

“Without a doubt, you were on time with your payments and didn’t have large credit card balances,” Mott said. “Because a mortgage is an installment loan and is repaid over time, your credit score will not be greatly affected by the repayment if it changes at all.

The fact that you also have an auto loan can actually keep your score from changing because it positively contributes to the credit mix, she said.

Mott said you might want to buy HELOC before you pay off the mortgage.

“Although there shouldn’t be any significant change in your credit score due to pay off your mortgage, going through the application process knowing what your score is can get you the best rates and terms a bank is willing to offer, ”she said. “Credit reports are often pulled when a consumer requests credit and the result can be a reduction in the value of the score, so it’s worth making the most of your large number. “

The HELOC will not be viewed as an installment loan, but rather as a credit card or revolving line of credit, she said. Therefore, as you use HELOC, your credit utilization rate will change. This ratio contributes 30% of your credit score, Mott said, noting that it’s best to keep the ratio well below 30% so that it doesn’t negatively impact your score.

“Maintaining a credit score as high as yours comes from having a long history of on-time payments, your credit usage remains well within acceptable limits, and you have a variety of credits available over the course of your life. life, ”Mott said. “You may want to close a unused credit card to tidy up your financial life, but it will likely impact your credit usage rate, so make sure your usage on other cards is very low.

Once you have made your last mortgage payment, Mott said, it’s a good time to think about how you could use those dollars for a savings goal.

“This is money you didn’t have to spend in the past and which could perhaps be used to bolster your emergency savings fund, retirement account, home improvement project, or home improvement project. other long-term wishlist item, ”she said.

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Karin Price Mueller writes on Bamboo column for NJ Advance Media and is the founder of Follow NJMoneyHelp on Twitter @NJMoneyHelp. Find NJMoneyHelp on Facebook. Register for‘s weekly electronic newsletter.

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