During the pandemic, students who had government student loans did not need to make any loan repayments. The interest was also stopped from accumulating, beginning Mar. 13, 2020. At the same time, borrowers were able to deduct interest paid on their loans up to $2,500 per year from their taxes. Last year, President Joe Biden…
Looking for a Student Loan Interest Deduction? You May Still Qualify
Do Discount Phones Have the Same Coverage?
Americans spend millions of dollars on cell phones. A cell phone can be a significant investment, from buying the phone to going on a plan. Saving money on a sale phone plan is most people’s goal. And one option is to go with a discount plan. But do those inexpensive plans have the same coverage…
Closing Prices for Crude Oil, Gold and Other Commodities (Feb. 14)
Benchmark U.S. crude oil for March delivery fell $1.08 to $79.06 a barrel Tuesday. Brent crude for April delivery fell $1.03 to $85.58 a barrel. Wholesale gasoline for March delivery fell 4 cents to $2.49 a gallon. March heating oil rose 3 cents to $2.94 a gallon. March natural gas rose 17 cents to $2.57…
What Mortgage Company Changes Mean for Your Home Loan
It’s been a bumpy ride for mortgage companies lately. Some lenders have gone out of business, merged with other companies or narrowed their focus. And more changes are likely in 2023. What does all this mean for borrowers? Here are answers to common questions, whether you’re shopping for a mortgage or paying off a home…
White House Rule on Credit Card Late Fees Would Harm Consumers, Critics Warn
The Biden administration recently proposed a new rule that would slash credit card late fees “by 75 percent,” but critics argue this would harm consumers, including customers who pay their bills on time. The Consumer Financial Protection Bureau (CFPB), the federal government’s consumer protection watchdog, issued a measure to prohibit excessive credit card late fees….
Most Americans Believe Grocery Prices Will Keep Rising Despite Talk Of ‘Peak Inflation’
Most Americans believe that groceries have risen drastically over the past year and expect to pay more in the future, despite economists’ talk of “peak inflation.” The latest poll by Rasmussen Reports found that 85 percent of 1,000 American adult respondents said that food prices have risen since 2022. Meanwhile, only 9 percent said they disagree, and 6…
The Coordinated Attack on Your Money
Like many governments around the world, the Biden administration seems determined to limit Americans’ monetary freedom by taxing it away, and by manipulating and controlling how they store and spend their money. Here are a few examples of how this is happening. Let’s start with the most obvious, which is the loss in purchasing power…
Closing Prices for Crude Oil, Gold and Other Commodities (Feb. 13)
Benchmark U.S. crude oil for March delivery rose 42 cents to $80.14 a barrel Monday. Brent crude for April delivery rose 22 cents to $86.61 a barrel. Wholesale gasoline for March delivery rose 3 cents to $2.53 a gallon. March heating oil rose 5 cents to $2.91 a gallon. March natural gas fell 11 cents…
Millennial Money: Should Unmarried Couples Have One Account?
When a couple joins financial forces, it’s typically so they can accomplish a joint savings goal or contribute to shared expenses, such as those that come from living together. This is a typical step for married couples, but more unmarried couples are taking the plunge to combine households: The number of unmarried partners that live…
‘Nothing Untoward’ in RBA Head Meeting Bankers: Shorten
The government has defended Reserve Bank governor Philip Lowe’s decision to give a private briefing to a group of bankers on interest rate hikes before making public statements. Lowe will be questioned about the hikes to the cash rate at a Senate estimates hearing on Wednesday as pressure mounts regarding his future in the top…
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