Tag #Personal Finance

Showing 73 to 84 of 143 results

theglobeandmail.com
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Trade War: Canadians Urged to Secure Finances

Canadians are advised to file 2024 taxes immediately to receive average refunds of $3,556, prepare for inflation by cutting expenses, review diversified investments, and secure high-interest savings accounts offering 2-3.5% interest to offset trade war impacts.

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36% Bias Score

Reduced Inequality
cbsnews.com
🌐 75% Global Worthiness
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Rising Inflation Fuels Credit Card Debt Crisis in America

High inflation and rising costs are pushing more Americans into credit card debt, with average interest rates approaching 23%, creating a cycle of debt; however, various debt relief strategies can help.

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44% Bias Score

Reduced Inequality
dailymail.co.uk
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£45 Billion Surge in UK ISA Savings as Tax Thresholds Trigger Shift

UK savers deposited £45 billion into cash ISAs in 2024, raising the total to £359 billion due to rising interest rates pushing many above the tax threshold for savings interest; HMRC estimates £10.4 billion in savings interest tax for 2024/25, a 665% increase from 2021/22.

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44% Bias Score

Reduced Inequality
theglobeandmail.com
🌐 75% Global Worthiness
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Canadian Tax Benefits for Homeowners

This article outlines various Canadian tax credits and deductions related to homeownership, including options for saving, buying, renovating, and selling a home, along with potential pitfalls to avoid, such as non-compliance with short-term rental regulations and the underused housing tax.

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36% Bias Score

Reduced Inequality
cbsnews.com
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HELOC Repayment Costs Vary Significantly Based on Interest Rate Fluctuations

In early 2025, a \$150,000 HELOC carries a monthly cost of \$1,842.18 (10-year term) or \$1,457.83 (15-year term) at an 8.28% interest rate, fluctuating with market changes, potentially impacting repayment ability.

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44% Bias Score

Reduced Inequality
cbsnews.com
🌐 75% Global Worthiness
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Minimum Credit Card Payments Hit 12-Year High

The percentage of credit card holders making only minimum payments reached an alarming 11% in the third quarter of 2024, a 12-year high, highlighting the financial risks of this practice and its benefits to credit card companies.

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56% Bias Score

Reduced Inequality
cbsnews.com
🌐 75% Global Worthiness
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Using HELOCs to Combat Inflation: Strategies and Risks

Amid slightly rising inflation in early 2025, financial experts advise using HELOCs to consolidate high-interest credit card debt (average 21% vs. 8% HELOC), fund home renovations before prices increase, and avoid tapping retirement accounts.

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48% Bias Score

Reduced Inequality
cbsnews.com
🌐 65% Global Worthiness
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Falling Interest Rates Make March a Prime Time for HELOCs

Due to consistently falling interest rates, reaching an 18-month low in January and a two-year low in February, now averaging 8.12%, and the potential for further decreases, many homeowners are considering opening a Home Equity Line of Credit (HELOC) this March to access their average $314,000 home ...

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48% Bias Score

Reduced Inequality
forbes.com
🌐 75% Global Worthiness
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11 Expert Tips for Safe and Profitable Stock Market Investing

Eleven expert-provided tips outline safe and profitable stock market investing strategies for beginners, focusing on diversification, consistent contributions, a long-term perspective, and the importance of starting early, even with small amounts, to maximize the benefits of compounding returns.

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40% Bias Score

Reduced Inequality
npr.org
🌐 75% Global Worthiness
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Tax Software vs. Professionals: Expert Advice for Tax Season

New York-based tax attorneys Hana Boruchov and Leo Gabovich offer advice on tax preparation, recommending tax software for simple returns and professional help for complex situations, also suggesting the Taxpayer Advocate Service for those with financial difficulties.

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32% Bias Score

Reduced Inequality
themarker.com
🌐 75% Global Worthiness
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Israeli Households' Irrational Savings Habits Result in Significant Financial Losses

Due to rising prices, many Israeli families are holding approximately 2 trillion shekels in low-yield bank accounts, demonstrating irrational financial behavior despite investing a significant portion in higher-yielding assets; this is due to the perceived risks of the stock market.

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48% Bias Score

Reduced Inequality
cbsnews.com
🌐 75% Global Worthiness
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High-Yield CDs Outperform Savings Accounts in 2026

A $5,000 CD can earn $162.25 (9 months at 4.35% APY), $220.00 (12 months at 4.40% APY), or $315.22 (18 months at 4.16% APY) by 2026, significantly outperforming a savings account with returns of $15.37, $20.50, and $30.78 respectively for the same durations. Early withdrawal penalties apply.

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56% Bias Score

Reduced Inequality

Showing 73 to 84 of 143 results