Category: Personal Finance
-
New Credit Card Rules in 2025: What Higher Late Fees and Swipe Fee Changes Mean for You
In 2025, the credit card landscape is shifting again — and not necessarily in consumers’ favor. Two major regulatory developments are grabbing national attention: the rollback of the $8 late fee cap and renewed debates around swipe fees, which affect both credit card users and small businesses. Here’s what’s changing, what it means for your…
-
EV vs. Hybrid: Which One Saves You More Money in the Long Run?
As gas prices fluctuate and environmental concerns grow, more Americans are considering fuel-efficient vehicles — especially electric vehicles (EVs) and hybrids. But when it comes to finances, which is the better investment? Let’s break down the costs, tax incentives, maintenance, fuel savings, and long-term value to help you make the smartest financial decision. Initial Cost:…
-
The 2025 U.S. Tax Bill: One Big Beautiful Bill Act
In May 22, 2025, the U.S. House of Representatives passed a sweeping new piece of legislation nicknamed the “One Big Beautiful Bill Act.” The bill aims to reshape tax policy for individuals and families — making key tax cuts permanent, expanding deductions, and introducing new types of savings accounts. But it doesn’t come without controversy.…
-
What the U.S. Credit Downgrade Means for Your Personal Finances in 2025
In May 2025, Moody’s Investors Service officially downgraded the credit rating of the United States from its highest rating of Aaa to Aa1. This move may not sound like a big deal to the average consumer — but it could have ripple effects across mortgages, credit cards, student loans, and even retirement savings. If you’re…
-
Student Loan Payments Are Resuming: What It Means and How to Prepare
After a long pause, federal student loan payments are back — and for millions of borrowers, that means it’s time to revisit your loan servicer, update your contact info, and get ready for monthly payments again. The Trump administration has announced the resumption of collections on defaulted student loans and is ending the extended pandemic-era…
-
How Much Do Tariffs Actually Affect Your Wallet — and What Can You Do to Protect Your Finances if Costs Go Up?
In 2025, tariffs are back in focus — especially as the U.S. considers or imposes new import taxes on goods from countries like China, Mexico, and others. These policies may seem like big-picture trade decisions, but the effects show up in everyday life — at the grocery store, the auto shop, or when you’re shopping…
-
How Interest Rate Cuts Could Affect Your Credit Cards, Loans, and Savings in 2025
With inflation cooling and the economy stabilizing, the Federal Reserve is signaling potential interest rate cuts in 2025. If you’ve got credit card debt, loans, or even a savings account — this shift could directly affect your wallet. But what does a rate cut really mean for your money? Let’s break it down. What Is…
-
How to Build an Emergency Fund — Even If You’re Living Paycheck to Paycheck
If you’ve ever had a medical bill hit your account out of nowhere… or your car suddenly broke down before payday… you already know why an emergency fund matters. But when you’re living paycheck to paycheck, the idea of setting aside money can feel impossible. The good news? You don’t need thousands overnight. You just…
-
Best Credit Cards for National and International Travel (2025)
Whether you’re hopping on a quick domestic flight or planning an international getaway, the right credit card can save you money, give you perks, and protect you while you travel. Here are some of the best credit cards for both U.S. and global travelers right now: 1. Chase Sapphire Preferred® Card Best for: All-around travel…
-
Should I Lease or Finance a Car? Pros, Cons, and What’s Right for Your Budget
When it’s time for a new car, one of the biggest decisions isn’t just the brand or model — it’s how you’ll pay for it. Should you lease a car or finance it with an auto loan? Both options have their pros and cons. And the right choice depends on your income, lifestyle, and long-term…
-
I Just Lost My Job and Can’t Pay My Credit Card or Car Loan — What Should I Do?
Losing your job is a life-altering moment. The paychecks stop, but the bills don’t. Credit card payments, car loans, rent, groceries, utilities — it all keeps coming. If you’re here because you’ve lost your income and you’re wondering how to handle your financial obligations, especially your credit card or car payments, you’re not alone. This…
-
How to Report a Debt Collector for Violating the Law
Debt collectors are allowed to contact you about money you owe — but they are not allowed to harass, threaten, or lie to you. If a debt collector crosses the line, you have rights, and you can take action. Here’s exactly how to recognize illegal behavior — and how to report it if a debt…