Residents in these states report having the highest number of credit cards. Kmpzzz / Shutterstock.com
Nearly all financial experts agree that having access to at least one credit card is an important financial tool. The question of how many cards a person should carry, however, is more complicated. According to data from the Financial Industry Regulatory Authority (FINRA), the large majority of cardholders — approximately 69% — hold between two and eight cards. Conversely, only 26%
Everybody makes mistakes. But avoid the kind that can trash your savings and ruin your retirement. Ivonne Wierink / Shutterstock.com
Advertising Disclosure: When you buy something by clicking links on our site, we may earn a small commission, but it never affects the products or services we recommend. Like a pebble tossed in a pond, small decisions you make today can have a growing impact on all your tomorrows. That’s especially true when it comes to money mistakes. We do the wrong things for so long, they become habits.
In some states, celebrating the Fourth of July in the wrong way can get you into trouble. Michael Vi / Shutterstock.com
The Fourth of July is right around the corner, but if you celebrate with fireworks in the wrong place, you could end up in trouble. Most U.S. states allow citizens to celebrate with some type of individual fireworks display. But several states severely restrict your ability to use fireworks, and one outright bans the practice. Here are the states where bottle rockets, Roman candles…
Withdrawing money from a Roth individual retirement account without triggering income taxes or penalties is trickier than you might realize. pixelheadphoto digitalskillet / Shutterstock.com
Advertising Disclosure: When you buy something by clicking links on our site, we may earn a small commission, but it never affects the products or services we recommend. Welcome to Ask Money Talks News, a series answering financial questions submitted by Money Talks Newsletter subscribers. In this installment, we’re dissecting some lesser-known rules for withdrawing money from Roth individual…
Unmask the unexpected generation that is struggling to stay on top of credit card debt. Kmpzzz / Shutterstock.com
Few things are more dangerous to your financial well-being than carrying a credit card balance from month to month. And one generation is especially likely to fall into this trap. Members of Generation X currently are most likely to carry at least some debt over from one month to the next, according to the U.S. Federal Reserve’s latest annual analysis of U.S. family finances…
Travelers also have to meet a slew of eligibility requirements in order to renew online. Prostock-studio / Shutterstock.com
The State Department has opened a beta version of a new online system for U.S. passport renewal, which could simplify an onerous process that most Americans have been doing by mail. Don’t get too excited: The cost of renewing a passport — $130 — isn’t changing, and the online renewal option will only be available to a limited number of people each day. The plan is to monitor how the system is…
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