Money Management

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After falling to a 2024 low of about 6.1% in anticipation of the Federal Reserve starting to cut rates, 30-year mortgage rates have rebounded significantly. In fact, over the past couple of months, the average rate on a 30-year fixed-rate mortgage has climbed by about a full percentage point. According to the latest data from Mortgage News Daily, the average 30-year mortgage rate now sits at 7.13%.Alert: highest cash back card we’ve seen now has 0% intro APR into 2026
This credit card is not just good – it’s so exceptional that our experts use it personally. It features a 0% intro APR for 15 months, a cash back rate of up to 5%, and all somehow for no annual fee!
Click here to read our full review for free and apply in just 2 minutes. Although rates are elevated now, there could be good news ahead. In fact, Fannie Mae and the Mortgage Bankers Association both predict mortgage rates that start with a 5 by the end of 2025. While home prices aren’t expected to fall anytime soon, you might be surprised at how much of a difference lower mortgage rates could make for home affordability.7.13% is just the average. Click here to see what rates you could get from the top mortgage lenders.The average home price isn’t likely to come downHome prices have risen significantly, with the average U.S. home price up by 51% over the past five years. And unfortunately, they aren’t expected to get any lower. In fact, Zillow’s latest forecast predicts a 1.1% rise in home values over the next year.This means that the average home value in the United States, which is currently $359,892, would be roughly $364,000 in a year.Mortgage rates could make homes far more affordableEven if home prices rise slightly over the next year, as Zillow predicts, that would have a relatively low impact on home affordability — especially if mortgage rates come down significantly.Let’s consider the example of someone who wants to buy an average U.S. home, which as mentioned, is worth just under $360,000 today (we’ll use this round number for simplicity). They want to make a 20% down payment, which means they would need a $288,000 mortgage.Based on today’s average 30-year mortgage rate of 7.13%, this means that their monthly mortgage payment, including national averages for taxes and insurance, would be $2,523.On the other hand, let’s say in a year from now, someone buys an average-valued home for $364,000 with 20% down. But by this point, the average 30-year mortgage rate has fallen to 5.5%. Even though the home itself cost $4,000 more, the monthly payment on this home would be $2,240 — nearly $300 less than at today’s mortgage rates. If rates fell even further — say, to 5% — the payment would drop to $2,152.To put it mildly, a monthly difference of $300-$400 could have a big impact on home affordability for families in the United States.No guarantees, but signs are pointing toward lower ratesOf course, there’s no guarantee that we’ll actually see 5% mortgage rates in 2025. And to be thorough, some experts could revise their mortgage forecasts upward after the recent election results.However, the most likely path for mortgage rates is still lower. The Federal Reserve just cut its benchmark interest rate for a second time in 2024 and is widely expected to make several more rate cuts throughout 2025. And if we do see significantly lower mortgage rates, it could go a long way toward making homeownership more affordable.Alert: highest cash back card we’ve seen now has 0% intro APR into 2026
This credit card is not just good – it’s so exceptional that our experts use it personally. It features a 0% intro APR for 15 months, a cash back rate of up to 5%, and all somehow for no annual fee!
Click here to read our full review for free and apply in just 2 minutes. We’re firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers.
Motley Fool Money does not cover all offers on the market. Editorial content from Motley Fool Money is separate from The Motley Fool editorial content and is created by a different analyst team.Matt Frankel has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Zillow Group. The Motley Fool has a disclosure policy.”}]] [[{“value”:”

After falling to a 2024 low of about 6.1% in anticipation of the Federal Reserve starting to cut rates, 30-year mortgage rates have rebounded significantly. In fact, over the past couple of months, the average rate on a 30-year fixed-rate mortgage has climbed by about a full percentage point. According to the latest data from Mortgage News Daily, the average 30-year mortgage rate now sits at 7.13%.

Alert: highest cash back card we’ve seen now has 0% intro APR into 2026

This credit card is not just good – it’s so exceptional that our experts use it personally. It features a 0% intro APR for 15 months, a cash back rate of up to 5%, and all somehow for no annual fee!

Click here to read our full review for free and apply in just 2 minutes.

Although rates are elevated now, there could be good news ahead. In fact, Fannie Mae and the Mortgage Bankers Association both predict mortgage rates that start with a 5 by the end of 2025. While home prices aren’t expected to fall anytime soon, you might be surprised at how much of a difference lower mortgage rates could make for home affordability.

7.13% is just the average. Click here to see what rates you could get from the top mortgage lenders.

The average home price isn’t likely to come down

Home prices have risen significantly, with the average U.S. home price up by 51% over the past five years. And unfortunately, they aren’t expected to get any lower. In fact, Zillow’s latest forecast predicts a 1.1% rise in home values over the next year.

This means that the average home value in the United States, which is currently $359,892, would be roughly $364,000 in a year.

Mortgage rates could make homes far more affordable

Even if home prices rise slightly over the next year, as Zillow predicts, that would have a relatively low impact on home affordability — especially if mortgage rates come down significantly.

Let’s consider the example of someone who wants to buy an average U.S. home, which as mentioned, is worth just under $360,000 today (we’ll use this round number for simplicity). They want to make a 20% down payment, which means they would need a $288,000 mortgage.

Based on today’s average 30-year mortgage rate of 7.13%, this means that their monthly mortgage payment, including national averages for taxes and insurance, would be $2,523.

On the other hand, let’s say in a year from now, someone buys an average-valued home for $364,000 with 20% down. But by this point, the average 30-year mortgage rate has fallen to 5.5%. Even though the home itself cost $4,000 more, the monthly payment on this home would be $2,240 — nearly $300 less than at today’s mortgage rates. If rates fell even further — say, to 5% — the payment would drop to $2,152.

To put it mildly, a monthly difference of $300-$400 could have a big impact on home affordability for families in the United States.

No guarantees, but signs are pointing toward lower rates

Of course, there’s no guarantee that we’ll actually see 5% mortgage rates in 2025. And to be thorough, some experts could revise their mortgage forecasts upward after the recent election results.

However, the most likely path for mortgage rates is still lower. The Federal Reserve just cut its benchmark interest rate for a second time in 2024 and is widely expected to make several more rate cuts throughout 2025. And if we do see significantly lower mortgage rates, it could go a long way toward making homeownership more affordable.

Alert: highest cash back card we’ve seen now has 0% intro APR into 2026

This credit card is not just good – it’s so exceptional that our experts use it personally. It features a 0% intro APR for 15 months, a cash back rate of up to 5%, and all somehow for no annual fee!

Click here to read our full review for free and apply in just 2 minutes.

We’re firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers.
Motley Fool Money does not cover all offers on the market. Editorial content from Motley Fool Money is separate from The Motley Fool editorial content and is created by a different analyst team.Matt Frankel has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Zillow Group. The Motley Fool has a disclosure policy.

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[[{“value”:”Image source: Getty Images
Your 30s are critical for setting financial goals and making smart money moves that will impact your future. This decade often brings more stability and clarity about what you want from life, which makes it an ideal time to get intentional with your finances.Alert: highest cash back card we’ve seen now has 0% intro APR into 2026
This credit card is not just good – it’s so exceptional that our experts use it personally. It features a 0% intro APR for 15 months, a cash back rate of up to 5%, and all somehow for no annual fee!
Click here to read our full review for free and apply in just 2 minutes. Whether you’re focused on career growth, planning for a family, or building wealth, here are three money moves that can help set you up for long-term financial success.1. Tackle high-interest debtHigh-interest debt, especially credit card debt, is one of the biggest obstacles to building wealth. When you’re paying 15%, 20%, or even higher interest rates on outstanding balances, it’s hard to make progress toward other financial goals. Prioritizing debt repayment in your 30s can free up money for things that matter to you, like saving for a home, traveling, or investing.To tackle debt effectively, start by listing all your debts and their interest rates. One popular method is the avalanche method, where you first pay off the debt with the highest interest rate while making minimum payments on other debts. This approach saves the most money on interest in the long run.Another option to approach debt payoff is the snowball method, where you start by focusing on paying extra toward the smallest debt balance and work your way up, regardless of interest rate. This method provides quicker wins, which can be motivating and help you stay on track. Whichever method you choose, the key is to stay consistent and avoid adding new debt as much as possible.To make debt repayment easier, consider automating your payments or setting reminders to ensure you never miss one. Additionally, if you have a high credit score, look into the best balance transfer credit cards. Another option is to consolidate your debt with a personal loan.However, be cautious with these options, as they can come with fees or other requirements that make them less ideal if not managed carefully. If you can manage to pay off your debt during a balance transfer card’s intro period, you’ll save on interest — but if you still have a balance past that point, you’ll be paying interest again.Freeing yourself from high-interest debt is not only financially rewarding but also emotionally freeing. You’ll be able to shift your focus from paying off past expenses to investing in your future, which can be incredibly empowering as you move forward.2. Build an emergency fundAn emergency fund is a financial cushion that protects you against unexpected expenses, from medical emergencies to sudden car repairs or even job loss. Life is unpredictable, and having savings means you can handle unexpected situations without relying on credit cards or high-interest loans.A good rule of thumb is to save three to six months of living expenses. However, if that goal feels daunting, don’t worry — start small and work your way up. Begin by aiming for one month’s worth of expenses, then slowly increase it. Try automating a small transfer from each paycheck into a separate high-yield savings account, where it can grow with interest over time.Having an emergency fund provides peace of mind and gives you the freedom to make decisions based on what’s right for you rather than what you can afford in a pinch. For instance, an emergency fund can be your safety net if you’re considering a career change or need to step away from work temporarily. Ultimately, it’s an investment in your stability and peace of mind.3. Prioritize retirement savingsRetirement might feel like a distant concept in your 30s, but it’s the ideal time to maximize your savings. By starting early, you can take full advantage of compound interest, which grows your money exponentially over time. Plus, investing for retirement now means you’ll have to save less overall compared to waiting until your 40s or 50s.If you have access to an employer-sponsored retirement plan, like a 401(k), aim to contribute enough to capture any employer match that’s offered — it’s essentially free money. Even if you can’t max out your contributions immediately, try to increase the amount you save each year, even by just a small percentage. If your employer doesn’t offer a retirement plan, consider setting up an individual retirement account (IRA).A general guideline for retirement savings is to aim to save 15% of your income. If that feels out of reach, don’t get discouraged. Start with what you can and focus on increasing it gradually over time.Remember, small contributions made consistently will accumulate significantly thanks to compound growth. And while retirement may feel far away, the decisions you make today can give you more freedom and flexibility down the road.Why prioritize these moves now?Your 30s are the perfect time to prioritize these three essential financial moves. By taking action now, you’re creating a solid financial foundation that will support you for decades to come. The journey to financial wellness doesn’t happen overnight, but with persistence and planning, you’ll be on your way to a more secure and fulfilling future.Alert: highest cash back card we’ve seen now has 0% intro APR into 2026
This credit card is not just good – it’s so exceptional that our experts use it personally. It features a 0% intro APR for 15 months, a cash back rate of up to 5%, and all somehow for no annual fee!
Click here to read our full review for free and apply in just 2 minutes. We’re firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers.
Motley Fool Money does not cover all offers on the market. Editorial content from Motley Fool Money is separate from The Motley Fool editorial content and is created by a different analyst team.The Motley Fool has a disclosure policy.”}]] [[{“value”:”

Your 30s are critical for setting financial goals and making smart money moves that will impact your future. This decade often brings more stability and clarity about what you want from life, which makes it an ideal time to get intentional with your finances.

Alert: highest cash back card we’ve seen now has 0% intro APR into 2026

This credit card is not just good – it’s so exceptional that our experts use it personally. It features a 0% intro APR for 15 months, a cash back rate of up to 5%, and all somehow for no annual fee!

Click here to read our full review for free and apply in just 2 minutes.

Whether you’re focused on career growth, planning for a family, or building wealth, here are three money moves that can help set you up for long-term financial success.

1. Tackle high-interest debt

High-interest debt, especially credit card debt, is one of the biggest obstacles to building wealth. When you’re paying 15%, 20%, or even higher interest rates on outstanding balances, it’s hard to make progress toward other financial goals. Prioritizing debt repayment in your 30s can free up money for things that matter to you, like saving for a home, traveling, or investing.

To tackle debt effectively, start by listing all your debts and their interest rates. One popular method is the avalanche method, where you first pay off the debt with the highest interest rate while making minimum payments on other debts. This approach saves the most money on interest in the long run.

Another option to approach debt payoff is the snowball method, where you start by focusing on paying extra toward the smallest debt balance and work your way up, regardless of interest rate. This method provides quicker wins, which can be motivating and help you stay on track. Whichever method you choose, the key is to stay consistent and avoid adding new debt as much as possible.

To make debt repayment easier, consider automating your payments or setting reminders to ensure you never miss one. Additionally, if you have a high credit score, look into the best balance transfer credit cards. Another option is to consolidate your debt with a personal loan.

However, be cautious with these options, as they can come with fees or other requirements that make them less ideal if not managed carefully. If you can manage to pay off your debt during a balance transfer card’s intro period, you’ll save on interest — but if you still have a balance past that point, you’ll be paying interest again.

Freeing yourself from high-interest debt is not only financially rewarding but also emotionally freeing. You’ll be able to shift your focus from paying off past expenses to investing in your future, which can be incredibly empowering as you move forward.

2. Build an emergency fund

An emergency fund is a financial cushion that protects you against unexpected expenses, from medical emergencies to sudden car repairs or even job loss. Life is unpredictable, and having savings means you can handle unexpected situations without relying on credit cards or high-interest loans.

A good rule of thumb is to save three to six months of living expenses. However, if that goal feels daunting, don’t worry — start small and work your way up. Begin by aiming for one month’s worth of expenses, then slowly increase it. Try automating a small transfer from each paycheck into a separate high-yield savings account, where it can grow with interest over time.

Having an emergency fund provides peace of mind and gives you the freedom to make decisions based on what’s right for you rather than what you can afford in a pinch. For instance, an emergency fund can be your safety net if you’re considering a career change or need to step away from work temporarily. Ultimately, it’s an investment in your stability and peace of mind.

3. Prioritize retirement savings

Retirement might feel like a distant concept in your 30s, but it’s the ideal time to maximize your savings. By starting early, you can take full advantage of compound interest, which grows your money exponentially over time. Plus, investing for retirement now means you’ll have to save less overall compared to waiting until your 40s or 50s.

If you have access to an employer-sponsored retirement plan, like a 401(k), aim to contribute enough to capture any employer match that’s offered — it’s essentially free money. Even if you can’t max out your contributions immediately, try to increase the amount you save each year, even by just a small percentage. If your employer doesn’t offer a retirement plan, consider setting up an individual retirement account (IRA).

A general guideline for retirement savings is to aim to save 15% of your income. If that feels out of reach, don’t get discouraged. Start with what you can and focus on increasing it gradually over time.

Remember, small contributions made consistently will accumulate significantly thanks to compound growth. And while retirement may feel far away, the decisions you make today can give you more freedom and flexibility down the road.

Why prioritize these moves now?

Your 30s are the perfect time to prioritize these three essential financial moves. By taking action now, you’re creating a solid financial foundation that will support you for decades to come. The journey to financial wellness doesn’t happen overnight, but with persistence and planning, you’ll be on your way to a more secure and fulfilling future.

Alert: highest cash back card we’ve seen now has 0% intro APR into 2026

This credit card is not just good – it’s so exceptional that our experts use it personally. It features a 0% intro APR for 15 months, a cash back rate of up to 5%, and all somehow for no annual fee!

Click here to read our full review for free and apply in just 2 minutes.

We’re firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers.
Motley Fool Money does not cover all offers on the market. Editorial content from Motley Fool Money is separate from The Motley Fool editorial content and is created by a different analyst team.The Motley Fool has a disclosure policy.

“}]] Read More 

[[{“value”:”Image source: Getty Images
It’s scary to think about the number of Americans who are walking around without so much as a dollar in the bank. Around 25% of all U.S. households live paycheck to paycheck with no savings to fall back on, according to 2024 data from Bank of America. So if you have a modest savings account balance, you’re in far better shape than people in that boat.Alert: highest cash back card we’ve seen now has 0% intro APR into 2026
This credit card is not just good – it’s so exceptional that our experts use it personally. It features a 0% intro APR for 15 months, a cash back rate of up to 5%, and all somehow for no annual fee!
Click here to read our full review for free and apply in just 2 minutes. Motley Fool Money reports that the median savings balance in the U.S. is $8,000. And if your savings balance is similar, you may be pretty happy with it — as you should be.But it also may not hurt to try to boost your savings balance before the end of the year. Here’s why.1. You’re worried about a 2025 recessionThe Federal Reserve currently puts the likelihood of a recession over the next 12 months at 57%. That’s a scary thought. But it also doesn’t guarantee an economic downturn by any means.And remember, some recessions are fairly short-lived. The economy could slump for two or three months in the new year before gaining steam. So there’s definitely no need to work yourself into a panic.At the same time, it’s never a bad thing to be recession-ready. And that means having enough money in savings to cover at least three months of essential expenses.A three-month emergency fund could give you nice protection against a layoff, allowing you to cover your basic bills without immediately resorting to credit card debt. So if you’re not quite at the three-month mark, now’s the time to work on boosting your savings.The good news is that it may be easier than usual to pick up a side hustle at this time of the year. Many businesses need more hands on deck during the holiday season, so take the opportunity to line up a temporary gig that puts extra cash in your pocket.2. You’re saving for a specific goal in the new yearThe Federal Reserve is expected to keep cutting interest rates in the coming year. That could make it less expensive to sign a mortgage or finance a car.If buying a home or vehicle is a goal you’re gearing up for in 2025, or if you have a different financial goal you’re looking to pull off, then that’s reason enough to boost your savings. In the case of a loan, even with interest rates dropping, you’re still paying extra money for the privilege of borrowing. So the more you’re able to put down on a purchase like a home or a car, the less you might spend on interest all-in.3. You want to earn extra interest while savings account rates are still highSavings account rates are still pretty strong, even though the Fed started cutting rates this year. But next year, savings accounts could start to pay a lot less. So if you want to capitalize on higher interest rates, try to sneak more money into your savings account before the end of 2024.And if you’re not super thrilled with the interest rate your current bank is paying, don’t settle for less. Instead, shop around for a better one. Check out this list of the best high-yield savings accounts to get started.Boosting your savings account balance before the end of the year isn’t easy — especially with the holidays coming up. But adding to your savings could set you up to withstand an economic downturn as necessary, meet a big financial goal, or simply enjoy today’s higher interest rates while they’re still available.Alert: highest cash back card we’ve seen now has 0% intro APR into 2026
This credit card is not just good – it’s so exceptional that our experts use it personally. It features a 0% intro APR for 15 months, a cash back rate of up to 5%, and all somehow for no annual fee!
Click here to read our full review for free and apply in just 2 minutes. We’re firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers.
Motley Fool Money does not cover all offers on the market. Editorial content from Motley Fool Money is separate from The Motley Fool editorial content and is created by a different analyst team.Bank of America is an advertising partner of Motley Fool Money. Maurie Backman has positions in Bank of America. The Motley Fool has positions in and recommends Bank of America. The Motley Fool has a disclosure policy.”}]] [[{“value”:”

It’s scary to think about the number of Americans who are walking around without so much as a dollar in the bank. Around 25% of all U.S. households live paycheck to paycheck with no savings to fall back on, according to 2024 data from Bank of America. So if you have a modest savings account balance, you’re in far better shape than people in that boat.

Alert: highest cash back card we’ve seen now has 0% intro APR into 2026

This credit card is not just good – it’s so exceptional that our experts use it personally. It features a 0% intro APR for 15 months, a cash back rate of up to 5%, and all somehow for no annual fee!

Click here to read our full review for free and apply in just 2 minutes.

Motley Fool Money reports that the median savings balance in the U.S. is $8,000. And if your savings balance is similar, you may be pretty happy with it — as you should be.

But it also may not hurt to try to boost your savings balance before the end of the year. Here’s why.

1. You’re worried about a 2025 recession

The Federal Reserve currently puts the likelihood of a recession over the next 12 months at 57%. That’s a scary thought. But it also doesn’t guarantee an economic downturn by any means.

And remember, some recessions are fairly short-lived. The economy could slump for two or three months in the new year before gaining steam. So there’s definitely no need to work yourself into a panic.

At the same time, it’s never a bad thing to be recession-ready. And that means having enough money in savings to cover at least three months of essential expenses.

A three-month emergency fund could give you nice protection against a layoff, allowing you to cover your basic bills without immediately resorting to credit card debt. So if you’re not quite at the three-month mark, now’s the time to work on boosting your savings.

The good news is that it may be easier than usual to pick up a side hustle at this time of the year. Many businesses need more hands on deck during the holiday season, so take the opportunity to line up a temporary gig that puts extra cash in your pocket.

2. You’re saving for a specific goal in the new year

The Federal Reserve is expected to keep cutting interest rates in the coming year. That could make it less expensive to sign a mortgage or finance a car.

If buying a home or vehicle is a goal you’re gearing up for in 2025, or if you have a different financial goal you’re looking to pull off, then that’s reason enough to boost your savings. In the case of a loan, even with interest rates dropping, you’re still paying extra money for the privilege of borrowing. So the more you’re able to put down on a purchase like a home or a car, the less you might spend on interest all-in.

3. You want to earn extra interest while savings account rates are still high

Savings account rates are still pretty strong, even though the Fed started cutting rates this year. But next year, savings accounts could start to pay a lot less. So if you want to capitalize on higher interest rates, try to sneak more money into your savings account before the end of 2024.

And if you’re not super thrilled with the interest rate your current bank is paying, don’t settle for less. Instead, shop around for a better one. Check out this list of the best high-yield savings accounts to get started.

Boosting your savings account balance before the end of the year isn’t easy — especially with the holidays coming up. But adding to your savings could set you up to withstand an economic downturn as necessary, meet a big financial goal, or simply enjoy today’s higher interest rates while they’re still available.

Alert: highest cash back card we’ve seen now has 0% intro APR into 2026

This credit card is not just good – it’s so exceptional that our experts use it personally. It features a 0% intro APR for 15 months, a cash back rate of up to 5%, and all somehow for no annual fee!

Click here to read our full review for free and apply in just 2 minutes.

We’re firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers.
Motley Fool Money does not cover all offers on the market. Editorial content from Motley Fool Money is separate from The Motley Fool editorial content and is created by a different analyst team.Bank of America is an advertising partner of Motley Fool Money. Maurie Backman has positions in Bank of America. The Motley Fool has positions in and recommends Bank of America. The Motley Fool has a disclosure policy.

“}]] Read More 

[[{“value”:”Image source: Getty Images
If you’re making a big purchase, like a laptop or couch, or even a small one (seriously, Amazon sells extended warranty coverage for $20 charging cords now), you might be asked if you want to pay extra for an extended warranty on the item. Do you? Probably not — and here’s why.Alert: highest cash back card we’ve seen now has 0% intro APR into 2026
This credit card is not just good – it’s so exceptional that our experts use it personally. It features a 0% intro APR for 15 months, a cash back rate of up to 5%, and all somehow for no annual fee!
Click here to read our full review for free and apply in just 2 minutes. Extended warranties aren’t freeAn extended warranty costs you extra on top of the purchase price of the item you’re buying, and paying for one may not end up being worth it. Extended warranties are huge money makers for the companies that sell them — estimates vary, but as much as 50%-70% of its cost could be the profit margin for the retail store where you buy one.And if you elect to buy the warranty and end up needing to use it, you could find yourself shelling out money there, too. You may need to pay fees or deductibles before the coverage kicks in, or you might need to cover the cost to ship an item for repairs or to be replaced. Certain parts or types of damage might not be covered.If you’re bound and determined to get the extended warranty, at least ask for a copy of it so you can read it ahead of time and see just what it covers (and what it’ll cost you to use it, on top of what you’re already paying for the coverage). And consider the possibility you may not need it at all.Do you even need that warranty?In addition to being expensive, the extended warranty might not even be necessary.The retailer may work with youDepending on where you’ve bought the item you’re considering getting an extended warranty for, you may have built-in protections from the retailer. Costco is one example of a retailer with a stellar return policy. There are exceptions to its “returns at any time” policy, and they include electronics, appliances, and TVs — these are purchases that people may buy an extended warranty for.But in this case, Costco may still help with your problem — for example, it offers a free extended warranty on top of the manufacturer’s warranty on your TV. It might not be worth paying for an extended warranty, but getting one for free sounds pretty great.Shopping at Costco? Check out our favorite credit cards that pay big rewards on Costco purchases.Your credit card might cover youOne of the major reasons why it’s worth making a big purchase with a credit card is free purchase protection. If the item breaks or is stolen within a certain period after purchase (often 90 or 120 days), you can get a refund, or have it repaired or replaced.Coverage limits vary (some higher-end cards might cover as much as $10,000, for example), and you may be limited in how many claims you can file in a year. Check the fine print for your credit cards to choose the right one for a purchase.The best credit cards come with perks and benefits aplenty. Click here for our picks for the best credit cards we’ve found and learn how they can save you money and potentially a headache when a purchase is lost, stolen, or broken.The manufacturer’s warranty could sufficeBefore shelling out extra money, take the time to explore the warranty the item comes with automatically. Chances are good you’ll be covered if something goes wrong within a certain period.And honestly, after the warranty period is over, if something breaks, it’s worth reaching out to the manufacturer anyway and asking for help. It’s good customer service, and some companies prioritize this.Researching your purchase could give you confidenceFinally, consider why you think you need that extended warranty to begin with. A 2019 study uncovered a big reason why many people opt for the extended warranty — they believe the item they’re buying is more likely to break than it actually is.If you’re shopping for a new TV, computer, appliance, or piece of furniture, spend some time researching how that item performs for consumers like you. Read product reviews, and lean on ratings from major authorities in the consumer testing space (such as Consumer Reports).If you feel confident that the item you’re buying is a solid product with little chance of breaking or failing on you, you’re likely to feel better about turning down the extended warranty — and will save money in the process. Oh, and while you’re at it, aim to take good care of the item you’re buying — if it’s a cellphone, buy a protective case and treat it gently.An extended warranty might seem like a wise purchase if you’re buying a big-ticket item — but is it really necessary? In most cases, the answer is no, thanks to existing protections you’re entitled to. And forgoing the extended warranty will improve your bottom line.Alert: highest cash back card we’ve seen now has 0% intro APR into 2026
This credit card is not just good – it’s so exceptional that our experts use it personally. It features a 0% intro APR for 15 months, a cash back rate of up to 5%, and all somehow for no annual fee!
Click here to read our full review for free and apply in just 2 minutes. We’re firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers.
Motley Fool Money does not cover all offers on the market. Editorial content from Motley Fool Money is separate from The Motley Fool editorial content and is created by a different analyst team.John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. The Motley Fool has positions in and recommends Amazon and Costco Wholesale. The Motley Fool has a disclosure policy.”}]] [[{“value”:”

If you’re making a big purchase, like a laptop or couch, or even a small one (seriously, Amazon sells extended warranty coverage for $20 charging cords now), you might be asked if you want to pay extra for an extended warranty on the item. Do you? Probably not — and here’s why.

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Extended warranties aren’t free

An extended warranty costs you extra on top of the purchase price of the item you’re buying, and paying for one may not end up being worth it. Extended warranties are huge money makers for the companies that sell them — estimates vary, but as much as 50%-70% of its cost could be the profit margin for the retail store where you buy one.

And if you elect to buy the warranty and end up needing to use it, you could find yourself shelling out money there, too. You may need to pay fees or deductibles before the coverage kicks in, or you might need to cover the cost to ship an item for repairs or to be replaced. Certain parts or types of damage might not be covered.

If you’re bound and determined to get the extended warranty, at least ask for a copy of it so you can read it ahead of time and see just what it covers (and what it’ll cost you to use it, on top of what you’re already paying for the coverage). And consider the possibility you may not need it at all.

Do you even need that warranty?

In addition to being expensive, the extended warranty might not even be necessary.

The retailer may work with you

Depending on where you’ve bought the item you’re considering getting an extended warranty for, you may have built-in protections from the retailer. Costco is one example of a retailer with a stellar return policy. There are exceptions to its “returns at any time” policy, and they include electronics, appliances, and TVs — these are purchases that people may buy an extended warranty for.

But in this case, Costco may still help with your problem — for example, it offers a free extended warranty on top of the manufacturer’s warranty on your TV. It might not be worth paying for an extended warranty, but getting one for free sounds pretty great.

Shopping at Costco? Check out our favorite credit cards that pay big rewards on Costco purchases.

Your credit card might cover you

One of the major reasons why it’s worth making a big purchase with a credit card is free purchase protection. If the item breaks or is stolen within a certain period after purchase (often 90 or 120 days), you can get a refund, or have it repaired or replaced.

Coverage limits vary (some higher-end cards might cover as much as $10,000, for example), and you may be limited in how many claims you can file in a year. Check the fine print for your credit cards to choose the right one for a purchase.

The best credit cards come with perks and benefits aplenty. Click here for our picks for the best credit cards we’ve found and learn how they can save you money and potentially a headache when a purchase is lost, stolen, or broken.

The manufacturer’s warranty could suffice

Before shelling out extra money, take the time to explore the warranty the item comes with automatically. Chances are good you’ll be covered if something goes wrong within a certain period.

And honestly, after the warranty period is over, if something breaks, it’s worth reaching out to the manufacturer anyway and asking for help. It’s good customer service, and some companies prioritize this.

Researching your purchase could give you confidence

Finally, consider why you think you need that extended warranty to begin with. A 2019 study uncovered a big reason why many people opt for the extended warranty — they believe the item they’re buying is more likely to break than it actually is.

If you’re shopping for a new TV, computer, appliance, or piece of furniture, spend some time researching how that item performs for consumers like you. Read product reviews, and lean on ratings from major authorities in the consumer testing space (such as Consumer Reports).

If you feel confident that the item you’re buying is a solid product with little chance of breaking or failing on you, you’re likely to feel better about turning down the extended warranty — and will save money in the process. Oh, and while you’re at it, aim to take good care of the item you’re buying — if it’s a cellphone, buy a protective case and treat it gently.

An extended warranty might seem like a wise purchase if you’re buying a big-ticket item — but is it really necessary? In most cases, the answer is no, thanks to existing protections you’re entitled to. And forgoing the extended warranty will improve your bottom line.

Alert: highest cash back card we’ve seen now has 0% intro APR into 2026

This credit card is not just good – it’s so exceptional that our experts use it personally. It features a 0% intro APR for 15 months, a cash back rate of up to 5%, and all somehow for no annual fee!

Click here to read our full review for free and apply in just 2 minutes.

We’re firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers.
Motley Fool Money does not cover all offers on the market. Editorial content from Motley Fool Money is separate from The Motley Fool editorial content and is created by a different analyst team.John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. The Motley Fool has positions in and recommends Amazon and Costco Wholesale. The Motley Fool has a disclosure policy.

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[[{“value”:”Image source: Getty Images
Many shoppers invest in a Costco membership to save money when buying everyday essentials. Are you looking to maximize your Costco membership? Knowing the best items to purchase in-club and online can help you get more from your investment.Top credit card to use at Costco (and everywhere else!)
We love versatile credit cards that offer huge rewards everywhere, including Costco! This card is a standout among America’s favorite credit cards because it offers perhaps the easiest $200 cash bonus you could ever earn and an unlimited 2% cash rewards on purchases, even when you shop at Costco. Add on the competitive 0% interest period and it’s no wonder we awarded this card Best No Annual Fee Credit Card.
Click here to read our full review for free and apply before the $200 welcome bonus offer ends!The retail giant has a vast selection of products, but some items offer more savings or are of higher quality than others. It is crucial to understand which items to prioritize. Ready for your next Costco haul? Here are a few of the best products to purchase from Costco.1. Over-the-counter medicationsSearching for items that offer the most savings? Add over-the-counter (OTC) medications to your shopping list. If you buy these essentials at Costco, you’ll pay a reasonable price and have what you need to be stocked up for a while. One example is OTC allergy medications.You can purchase a 365-tablet container of Kirkland Signature Aller-Tec for $14.49. This is Costco’s private-label brand version, but the active ingredients are comparable to Zyretc. Meanwhile, Walmart sells a 300-tablet container of Equate 24-Hour Allergy, Cetirizine Hydrochloride Tablets for $29.88. The savings available from Costco makes this an excellent buy.Here’s another way to save at Costco: Swipe the right credit card at checkout for cash back or rewards. Click here for a list of the top rewards credit cards for spending at Costco.2. Gift cardsYou may not realize that Costco sells gift cards. You can purchase physical and electronic gift cards from popular retailers and brands you already know and love. Since they’re sold at a discount, the price you’ll pay as a Costco member will be less than the sticker price.Here’s one gift card deal to consider: Costco sells a two-pack of $50 Uber gift cards for $79.99. With this members-only deal, you’ll get $100 to spend with Uber — a $20 savings.These gift cards can be used to pay for Uber rides and Uber Eats orders within the U.S. As you can see, purchasing discounted gift cards from Costco can be a win for your wallet.3. Paper productsPaper products are another great buy at Costco. You can get a massive amount of toilet paper and paper towels for a low price. Many members rave about Costco’s Kirkland Signature toilet paper and paper towels.You can buy a 12-roll Kirkland Signature Paper Towels package for under $20. I recently purchased this well-rated item in-club for $19.89. Each roll has 160 two-ply sheets that can be torn to different sizes.How does the price compare to generic toilet paper rolls sold elsewhere? Target sells a 12-roll package of up & up Make-A-Size Paper Towels. Each roll has 150 two-ply sheets that can be torn to a size of your choosing. You’ll pay $23.99 for fewer paper towel sheets.Check the prices for paper towels and toilet paper at your local club. You may be able to keep more money in your checking account by purchasing these necessary items from Costco.A Costco membership can help you stretch your dollars furtherFor those looking to get quality everyday essentials at affordable prices, Costco can be a great place to shop. You can get more from your membership if you understand which products will maximize your savings when you add them to your shopping cart.It’s a good idea to have a shopping list prepared before you step foot in your local club. This way, you have a game plan and will be less likely to splurge on impulse buys and instead focus on those products that you know are smart buys.Top credit card to use at Costco (and everywhere else!)
We love versatile credit cards that offer huge rewards everywhere, including Costco! This card is a standout among America’s favorite credit cards because it offers perhaps the easiest $200 cash bonus you could ever earn and an unlimited 2% cash rewards on purchases, even when you shop at Costco. Add on the competitive 0% interest period and it’s no wonder we awarded this card Best No Annual Fee Credit Card.
Click here to read our full review for free and apply before the $200 welcome bonus offer ends!We’re firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers.
Motley Fool Money does not cover all offers on the market. Editorial content from Motley Fool Money is separate from The Motley Fool editorial content and is created by a different analyst team.Natasha Gabrielle has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Costco Wholesale, Target, Uber Technologies, and Walmart. The Motley Fool has a disclosure policy.”}]] [[{“value”:”

Many shoppers invest in a Costco membership to save money when buying everyday essentials. Are you looking to maximize your Costco membership? Knowing the best items to purchase in-club and online can help you get more from your investment.

Top credit card to use at Costco (and everywhere else!)

We love versatile credit cards that offer huge rewards everywhere, including Costco! This card is a standout among America’s favorite credit cards because it offers perhaps the easiest $200 cash bonus you could ever earn and an unlimited 2% cash rewards on purchases, even when you shop at Costco.

Add on the competitive 0% interest period and it’s no wonder we awarded this card Best No Annual Fee Credit Card.

Click here to read our full review for free and apply before the $200 welcome bonus offer ends!

The retail giant has a vast selection of products, but some items offer more savings or are of higher quality than others. It is crucial to understand which items to prioritize. Ready for your next Costco haul? Here are a few of the best products to purchase from Costco.

1. Over-the-counter medications

Searching for items that offer the most savings? Add over-the-counter (OTC) medications to your shopping list. If you buy these essentials at Costco, you’ll pay a reasonable price and have what you need to be stocked up for a while. One example is OTC allergy medications.

You can purchase a 365-tablet container of Kirkland Signature Aller-Tec for $14.49. This is Costco’s private-label brand version, but the active ingredients are comparable to Zyretc. Meanwhile, Walmart sells a 300-tablet container of Equate 24-Hour Allergy, Cetirizine Hydrochloride Tablets for $29.88. The savings available from Costco makes this an excellent buy.

Here’s another way to save at Costco: Swipe the right credit card at checkout for cash back or rewards. Click here for a list of the top rewards credit cards for spending at Costco.

2. Gift cards

You may not realize that Costco sells gift cards. You can purchase physical and electronic gift cards from popular retailers and brands you already know and love. Since they’re sold at a discount, the price you’ll pay as a Costco member will be less than the sticker price.

Here’s one gift card deal to consider: Costco sells a two-pack of $50 Uber gift cards for $79.99. With this members-only deal, you’ll get $100 to spend with Uber — a $20 savings.

These gift cards can be used to pay for Uber rides and Uber Eats orders within the U.S. As you can see, purchasing discounted gift cards from Costco can be a win for your wallet.

3. Paper products

Paper products are another great buy at Costco. You can get a massive amount of toilet paper and paper towels for a low price. Many members rave about Costco’s Kirkland Signature toilet paper and paper towels.

You can buy a 12-roll Kirkland Signature Paper Towels package for under $20. I recently purchased this well-rated item in-club for $19.89. Each roll has 160 two-ply sheets that can be torn to different sizes.

How does the price compare to generic toilet paper rolls sold elsewhere? Target sells a 12-roll package of up & up Make-A-Size Paper Towels. Each roll has 150 two-ply sheets that can be torn to a size of your choosing. You’ll pay $23.99 for fewer paper towel sheets.

Check the prices for paper towels and toilet paper at your local club. You may be able to keep more money in your checking account by purchasing these necessary items from Costco.

A Costco membership can help you stretch your dollars further

For those looking to get quality everyday essentials at affordable prices, Costco can be a great place to shop. You can get more from your membership if you understand which products will maximize your savings when you add them to your shopping cart.

It’s a good idea to have a shopping list prepared before you step foot in your local club. This way, you have a game plan and will be less likely to splurge on impulse buys and instead focus on those products that you know are smart buys.

Top credit card to use at Costco (and everywhere else!)

We love versatile credit cards that offer huge rewards everywhere, including Costco! This card is a standout among America’s favorite credit cards because it offers perhaps the easiest $200 cash bonus you could ever earn and an unlimited 2% cash rewards on purchases, even when you shop at Costco.

Add on the competitive 0% interest period and it’s no wonder we awarded this card Best No Annual Fee Credit Card.

Click here to read our full review for free and apply before the $200 welcome bonus offer ends!

We’re firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers.
Motley Fool Money does not cover all offers on the market. Editorial content from Motley Fool Money is separate from The Motley Fool editorial content and is created by a different analyst team.Natasha Gabrielle has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Costco Wholesale, Target, Uber Technologies, and Walmart. The Motley Fool has a disclosure policy.

“}]] Read More 

[[{“value”:”Image source: The Motley Fool/Upsplash
To be perfectly clear, there isn’t just one correct way to build wealth. Some people get rich by starting their own business, some inherit their nest eggs, and others get wealthy in unique ways, such as by collecting fine art or by trading cryptocurrencies.Alert: highest cash back card we’ve seen now has 0% intro APR into 2026
This credit card is not just good – it’s so exceptional that our experts use it personally. It features a 0% intro APR for 15 months, a cash back rate of up to 5%, and all somehow for no annual fee!
Click here to read our full review for free and apply in just 2 minutes. Having said that, there is one way of building wealth that is a more surefire path to a $1 million nest egg than any other — long-term, buy-and-hold investing. Specifically, in the stock market. But many people are hesitant to put their money into stocks, don’t know how to get started, or both.The most reliable millionaire makerMany people are hesitant to put their money into stocks, and that’s especially true among the younger generations. And it’s not a surprise. Many people who are in their 30s today watched their parents lose a fortune in both the dot-com meltdown of the early 2000s and the financial crisis of 2007-2008.However, there are a few very important factors to keep in mind:Stock market crashes, recessions, and other turbulent events are a natural part of long-term investing.A properly constructed investment portfolio should do just fine over the long run, regardless of what the market does over the next few months or years.Over the long run, the stock market as a whole has averaged returns of about 10% per year.It’s absolutely true that many investors lost everything when the dot-com bubble burst, or when the housing collapse led to the Great Recession. But those were people who were taking unnecessary speculative risks, were investing with borrowed money, or who put all of their money into just a couple of stocks.The right way to get startedAs mentioned, there is no perfect way to invest. But if I were to start today on a path to building a million-dollar nest egg, here are the steps I would take.First, open a brokerage account. If you’re investing for the long term, the best way to do this is with an individual retirement account, or IRA, which offers excellent tax benefits. But you can also open a standard (taxable) brokerage account if you don’t necessarily want your money tied up.Second, set up an automatic contribution on at least a monthly basis. For 2024 and 2025, the annual contribution limit to an IRA is $7,000 ($8,000 if you’re 50 or older), so keep this in mind. But the best way to set yourself up for investing success is to make it as automatic as possible.Third, invest your money in a portfolio of low-cost index funds. A basic S&P 500 index fund is a great way to get started, and there are index funds that can let you invest in many different types of stocks without having to choose individual companies. Alternatively, use a broker with a robo-advisor service that can construct an appropriate portfolio automatically.Are you ready to get started? Click here for our up-to-date list of the best places to open an IRA right now.Start like this, then customize your approachIf you’re interested in investing in individual stocks, and have the time, knowledge, and desire to learn how to do it correctly, there’s nothing wrong with that. In full disclosure, the bulk of my investment portfolio is in about 40 individual stocks. But starting with simple index funds can set you on the path to financial success and can create a solid backbone to your investment portfolio while you learn.Alert: highest cash back card we’ve seen now has 0% intro APR into 2026
This credit card is not just good – it’s so exceptional that our experts use it personally. It features a 0% intro APR for 15 months, a cash back rate of up to 5%, and all somehow for no annual fee!
Click here to read our full review for free and apply in just 2 minutes. We’re firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers.
Motley Fool Money does not cover all offers on the market. Editorial content from Motley Fool Money is separate from The Motley Fool editorial content and is created by a different analyst team.Matt Frankel has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Maker. The Motley Fool has a disclosure policy.”}]] [[{“value”:”

To be perfectly clear, there isn’t just one correct way to build wealth. Some people get rich by starting their own business, some inherit their nest eggs, and others get wealthy in unique ways, such as by collecting fine art or by trading cryptocurrencies.

Alert: highest cash back card we’ve seen now has 0% intro APR into 2026

This credit card is not just good – it’s so exceptional that our experts use it personally. It features a 0% intro APR for 15 months, a cash back rate of up to 5%, and all somehow for no annual fee!

Click here to read our full review for free and apply in just 2 minutes.

Having said that, there is one way of building wealth that is a more surefire path to a $1 million nest egg than any other — long-term, buy-and-hold investing. Specifically, in the stock market. But many people are hesitant to put their money into stocks, don’t know how to get started, or both.

The most reliable millionaire maker

Many people are hesitant to put their money into stocks, and that’s especially true among the younger generations. And it’s not a surprise. Many people who are in their 30s today watched their parents lose a fortune in both the dot-com meltdown of the early 2000s and the financial crisis of 2007-2008.

However, there are a few very important factors to keep in mind:

Stock market crashes, recessions, and other turbulent events are a natural part of long-term investing.A properly constructed investment portfolio should do just fine over the long run, regardless of what the market does over the next few months or years.Over the long run, the stock market as a whole has averaged returns of about 10% per year.

It’s absolutely true that many investors lost everything when the dot-com bubble burst, or when the housing collapse led to the Great Recession. But those were people who were taking unnecessary speculative risks, were investing with borrowed money, or who put all of their money into just a couple of stocks.

The right way to get started

As mentioned, there is no perfect way to invest. But if I were to start today on a path to building a million-dollar nest egg, here are the steps I would take.

First, open a brokerage account. If you’re investing for the long term, the best way to do this is with an individual retirement account, or IRA, which offers excellent tax benefits. But you can also open a standard (taxable) brokerage account if you don’t necessarily want your money tied up.

Second, set up an automatic contribution on at least a monthly basis. For 2024 and 2025, the annual contribution limit to an IRA is $7,000 ($8,000 if you’re 50 or older), so keep this in mind. But the best way to set yourself up for investing success is to make it as automatic as possible.

Third, invest your money in a portfolio of low-cost index funds. A basic S&P 500 index fund is a great way to get started, and there are index funds that can let you invest in many different types of stocks without having to choose individual companies. Alternatively, use a broker with a robo-advisor service that can construct an appropriate portfolio automatically.

Are you ready to get started? Click here for our up-to-date list of the best places to open an IRA right now.

Start like this, then customize your approach

If you’re interested in investing in individual stocks, and have the time, knowledge, and desire to learn how to do it correctly, there’s nothing wrong with that. In full disclosure, the bulk of my investment portfolio is in about 40 individual stocks. But starting with simple index funds can set you on the path to financial success and can create a solid backbone to your investment portfolio while you learn.

Alert: highest cash back card we’ve seen now has 0% intro APR into 2026

This credit card is not just good – it’s so exceptional that our experts use it personally. It features a 0% intro APR for 15 months, a cash back rate of up to 5%, and all somehow for no annual fee!

Click here to read our full review for free and apply in just 2 minutes.

We’re firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers.
Motley Fool Money does not cover all offers on the market. Editorial content from Motley Fool Money is separate from The Motley Fool editorial content and is created by a different analyst team.Matt Frankel has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Maker. The Motley Fool has a disclosure policy.

“}]] Read More