Tag #Personal Finance

cbsnews.com
🌐 75% Global Worthiness
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Strategic CD Investing Amidst Falling Interest Rates

Falling CD interest rates due to Federal Reserve rate cuts necessitate a strategic approach to CD investments; financial experts advise prioritizing emergency funds and debt reduction, then allocating funds to CDs based on individual financial situations and life goals, balancing them with other sav...

Progress

36% Bias Score

Reduced Inequality
theglobeandmail.com
🌐 65% Global Worthiness
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Financial Advisors Share Personal Journeys in Globe Advisor Series

Globe Advisor's "Behind the Advice" series profiles financial advisors, sharing their personal financial journeys and how life experiences shape their professional advice, featuring diverse stories of overcoming challenges to achieve success.

Progress

28% Bias Score

Reduced Inequality
nbcnews.com
🌐 75% Global Worthiness
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Record Holiday Spending Masks Mounting US Credit Card Debt

US holiday spending is projected to hit a record high between $979.5 billion and $989 billion despite record credit card debt; 36% of consumers used credit cards this season, incurring an average debt of $1,181, up from $1,028 in 2023.

Progress

52% Bias Score

Reduced Inequality
cnbc.com
🌐 65% Global Worthiness
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Holiday Debt Rises Despite Decrease from 2022

A LendingTree survey reveals that 36% of American consumers incurred holiday debt averaging \$1,181 this season, exceeding 2023 but below 2022 levels; higher inflation and unexpected debt impacted consumers, particularly parents, millennials, and those earning \$30,000-\$49,999.

Progress

32% Bias Score

Reduced Inequality
cbsnews.com
🌐 75% Global Worthiness
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Short-Term CD Rates Remain High Despite Fed Rate Cuts

The Federal Reserve's three 2024 rate cuts decreased the Fed rate by 1%, impacting high-yield savings and CDs; however, short-term CDs still offer competitive returns, with options like TotalBank's 3-month CD at 4.71% APY.

Progress

44% Bias Score

Reduced Inequality
elmundo.es
🌐 75% Global Worthiness
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Spanish Inflation Fuels Robo-Advisor Boom

Spain's November 2024 inflation of 2.4% drives investment growth, with robo-advisors like InbestMe and Mintos offering high returns (up to 20%) at low costs (0.45-0.70%), diversifying portfolios across global markets and attracting novice investors.

Progress

44% Bias Score

Reduced Inequality
cnbc.com
🌐 75% Global Worthiness
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Financial Stability Tops Americans' 2025 Priorities: Expert Advice on Budgeting and Investment

A recent Allianz Life survey reveals that 38% of Americans prioritize financial stability for 2025; financial advisors recommend budgeting, maximizing retirement contributions, reviewing insurance and tax strategies, automating savings, and maintaining consistent investment strategies.

Progress

24% Bias Score

No Poverty
cnbc.com
🌐 75% Global Worthiness
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Financial Advisors Outline Top Priorities for 2025

Financial advisors recommend budgeting, mindful spending, investment policy statements, salary negotiation, updated estate plans, family financial discussions, prioritizing marital finances, and early deadline preparation for improved financial well-being in 2025.

Progress

36% Bias Score

Reduced Inequality
theglobeandmail.com
🌐 75% Global Worthiness
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Retirees Share Diverse Post-Work Experiences: Planning for Fulfillment Beyond Finances

This article details the varied experiences of several retirees, illustrating the challenges and joys of post-work life, emphasizing the importance of thoughtful planning beyond financial considerations for a successful retirement transition.

Progress

40% Bias Score

No Poverty
theglobeandmail.com
🌐 75% Global Worthiness
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Canadian Retirement & Housing Market Challenges in 2024

The 2024 Canadian financial landscape features an OAS clawback affecting 500,000 people (8.3% of recipients), low CPP survivor benefits ($323.05 average), high TFSA penalties ($1,461.18 average), new capital gains tax changes, and fluctuating housing markets influenced by mortgage rates and unemploy...

Progress

40% Bias Score

Reduced Inequality
forbes.com
🌐 75% Global Worthiness
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Personal Finances Significantly Impact Business Decisions

Many business owners' personal financial health negatively impacts their business decisions, leading to short-term strategies and missed growth opportunities; solutions include separating personal and business finances, building emergency funds, budgeting, debt management, investing, insurance, and ...

Progress

36% Bias Score

Decent Work and Economic Growth
smh.com.au
🌐 75% Global Worthiness
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Financial Emergencies Surge in Australia: Experts Offer 2025 Planning Advice

Nearly 20 percent of Australians faced financial emergencies in 2024 due to high interest rates, cost of living increases, and alleged supermarket price gouging; experts advise proactive financial planning for 2025, including preemptive budgeting and curbing impulse spending.

Progress

44% Bias Score

No Poverty