Earn, Save & Live Smart
More consumers are now opting to go digital when it comes to their banking institution and are choosing online-only banks. Simple Bank and Ally Bank are considered to be two of the leading online-only banks. Customers can count on these banks for good online banking platforms and low fees. Two of the better names out … Read more
Online banks usually give higher annual percentage yields, or APYs, as compared to the traditional banks, which offers their customers an opportunity to earn more on their savings. The fees that are required to be paid tend to be lower when clients opt for online banks. Ally Bank and Capital One 360 are considered to … Read more
The Rise of Robo-Advisors Robo-Advisors are digital platforms that provide financial planning services with little to no human supervision and interference; in other words, they are called AIs (artificial intelligence) that acts as online financial advisors. What they do is they collect information such as the financial situation and the future goals of their clients, … Read more
The time-consuming processes of traditional banks have surprisingly paved the way for an industry that has tremendously developed in less than a decade. The industry of peer-to-peer lending has since become a viable alternative to some standard bank loans and is rising as a competitor to the traditional banking system. The peer-to-peer lending marketplace is … Read more
There are various kinds of Individual Retirement Accounts (IRAs). However, they all have one thing in common as the Internal Revenue Service (IRS) decreed that they must be held by a custodian. What does that mean, you ask? An IRA custodian is basically a financial institution that holds the investments of your account for safekeeping … Read more
Technology has made us see and experience numerous great advancements in terms of financial tools. There are currently more tools than ever before that make it easier for us to invest using smaller amounts of money. Two of today’s favorite, easy, low-maintenance, and high-quality investment apps are Stash and Acorns. The said apps work a … Read more
When financing large purchases, such as a home or automobile, you sometimes need help from professional brokers and lenders. There are plenty to choose from today, but two of the top companies in this industry are Quicken Loans and LendingTree. Both lenders provide added convenience and help speed up this often times complicated process, but … Read more
Trying to determine which robo advisors are best can be a challenge. When comparing Wealthfront vs Betterment, you will have different pros and cons then when you compare Wealthfront vs Vanguard. Assessing the impacts of short-term capital gains, long-term capital gains, tax-advantaged accounts, tax-efficient investing, management fees, and retirement accounts all come up with different … Read more
When it comes to investing, it is important to know that you are in good hands. If you are thinking of robo-advisors to help you financially, you will come across two of the best robo-advisors available today: Betterment and Acorns. Both will allow you to invest passively without having to move an inch, but which is better for you? In this … Read more
Robo-advisors are digital platforms that provide automated, algorithm-driven financial planning services with little to no human intervention. Most robo-advisors use a digital client onboarding service, collecting information from clients about their financial situation and future goals through an online survey and then uses these data to give advice. The client can also choose to let the robo-advisor invest … Read more