Tag #Personal Finance

cbsnews.com
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Home Equity Loans in 2025: A Balanced Risk-Reward Assessment

In 2025's rising inflation environment, homeowners with an average $320,000 home equity consider home equity loans (8.40% interest) or HELOCs, but must weigh this against high personal loan (13%) and credit card (23%) rates, and carefully assess their repayment ability to avoid foreclosure.

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40% Bias Score

Reduced Inequality
elpais.com
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EL PAÍS Launches Financial Newsletter to Help Spaniards Manage Post-Holiday Finances

EL PAÍS launched "Ordena tu economía," an eight-part financial newsletter to help readers manage their finances after increased holiday spending, covering budgeting, housing, debt, saving, taxes, and daily financial applications.

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32% Bias Score

Reduced Inequality
theglobeandmail.com
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FIRE Movement: Optimizing Spending for Long-Term Value

The FIRE movement prioritizes optimizing spending to maximize value rather than minimizing costs, illustrated by investing in durable, high-quality goods and experiences that enhance well-being and yield long-term savings.

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44% Bias Score

Reduced Inequality
forbes.com
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Adlerian Psychology and Financial Planning

This article explores three Adlerian psychological concepts—separation of tasks, three major life tasks, and teleology over etiology—and shows how they can improve financial planning and relationships by focusing on personal control, interconnected life tasks, and a future-oriented perspective.

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32% Bias Score

Reduced Inequality
nos.nl
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Netherlands Approves 10% Early Pension Withdrawal, Raising Financial Risk Concerns

Starting July 1, 2025, Dutch pensioners can withdraw 10% of their savings upon retirement; this measure, approved by the lower house and likely to pass the upper house, aims to grant pensioners greater control over their funds, though concerns exist about potential financial risks, particularly for ...

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48% Bias Score

Reduced Inequality
cbsnews.com
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Debt Consolidation: A Potential Solution to High-Interest Credit Card Debt

High inflation has increased consumer goods costs, pushing many Americans to use high-interest credit cards; debt consolidation loans and programs offer potential solutions, but eligibility depends on credit scores, and alternative debt relief methods exist.

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44% Bias Score

Reduced Inequality
cbsnews.com
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Home Equity Loans: A Strategic Move to Tackle High-Interest Credit Card Debt in 2025

In 2025, using home equity loans or HELOCs to pay off high-interest credit card debt offers significant financial advantages due to lower (around 8% versus 23%) and fixed interest rates, but carries the risk of home loss if payments are missed.

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52% Bias Score

Reduced Inequality
cbsnews.com
🌐 65% Global Worthiness
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Short-Term CDs: A Strategic Savings Option for 2025

Short-term CDs offer flexibility, quick returns, and potential for future rate increases, benefiting savers seeking adaptability in 2025's volatile interest rate climate; a \$10,000, 6-month CD at 4.61% yields about \$230.

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48% Bias Score

Reduced Inequality
cbsnews.com
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Home Equity Loans Offer Significant Savings Over Credit Cards in 2025

As of January 13th, the average credit card interest rate was 22.80%, significantly higher than the 8.43% average home equity loan rate, offering homeowners a cheaper alternative for borrowing large sums (near $320,000 on average).

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56% Bias Score

Reduced Inequality
cbsnews.com
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Five Strategies to Reduce High Credit Card Interest Rates in 2025

With average American credit card debt exceeding \$8,000 and interest rates near 23%, multiple strategies exist to reduce interest charges, including balance transfer cards, negotiating lower rates, extra payments, debt consolidation, and the avalanche method.

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44% Bias Score

Reduced Inequality
bbc.com
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January: The Hardest Month for Debt, as Essex Man's £50,000 Story Shows

David Davensac, an Essex resident, accumulated £50,000 in debt after job loss before the COVID-19 pandemic, but regained financial stability through StepChange debt charity, emphasizing January as a particularly difficult month for debt management due to post-Christmas spending.

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48% Bias Score

No Poverty
welt.de
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S Broker Tagesgeld: 1.5% Variable Interest Rate

S Broker's Tagesgeld account offers a variable 1.5% annual interest rate with no minimum deposit, up to a maximum of €500,000, paid quarterly, contrasting with competitors' promotional rates.

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40% Bias Score

Reduced Inequality