Welcome to The Vault - your key to financial education, lifestyle content and savvy money management.
Many entrepreneurs use personal savings and credit to cover their initial costs because it can be difficult to get a business loan for a startup without a proven track record and credit history. However, relying on credit cards with high-interest rates and low credit limits is not a sustainable situation. Take a look at the advantages of a...
Cryptocurrency is a word that many know but fewer understand. Survey data shows that 98% of people do not have a basic understanding of what cryptocurrency is. With so much information online and so many terms and concepts, it can be challenging to understand what cryptocurrency is, how you get it, and if these coins are safe investments.
Medical debt in the United States, as of August 2021, was approximately 140 billion dollars, and 45% of Americans state that they would find it difficult to pay an unexpected $500 medical bill.
Over the past few years, credit card balances were paid down and delinquent accounts became less common. But two years after the COVID-19 pandemic began, those trends - spurred by increased savings and relief programs - could evaporate, especially as inflation soars.
There are several ways to fund a home renovation - but a home equity loan is not always top of mind - but it might just make sense for you. Let's take a deeper look and answer some of the most popular questions out there about home equity loans.
Q: I've heard that the Fed plans to raise the interest rate this year. How will this impact the economy and the current inflation rates? A: The rising inflation rate, once determined to be a transitory and natural consequence of pandemic lockdowns, now appears to be here to stay, given that headlines announced a 7% increase in the consumer...
Annie Dinwiddie's dog Rosie is 181 pounds of pure love. But all the love in the world won't cover the nearly $25,000 in vet bills Dinwiddie has racked up since she got her pup. Thankfully, pet insurance will.
Person-to-Person payments (P2P) have changed the way that people give and receive money. According to a Statista Global Consumer Survey in 2021, 42% of Americans had transferred money to friends or family using one of these services. But the same technology that makes our lives easier in many ways can also cause some major damage to your bank...
Even with all kinds of advances in technology, we all know natural disasters can still wreak havoc on our lives, especially here in southeast Texas. In any disaster, it's incredibly important to be able to reach help - that's where technology can make a big difference. Many apps have been created to benefit the user in the event of a hurricane,...
Q: I'd like to open a new account to keep my savings and I'm wondering if I should go with another savings account or an interest-bearing checking account. What are the benefits and drawbacks of such a checking account? A: An interest-bearing checking account - a dividend-bearing checking account at credit unions - can be a powerful financial...
