Student loan debt is rapidly on the rise. The average college student of the Class of 2016 owed $37,172 upon graduation. Today, over 44 million American borrowers owe $1.3 trillion in student loan debt. Continue reading “Crowdsource Your College Tuition With PYT”
Most millennials still haven’t developed a good working relationship with the financial markets like mom and dad. Now in their 20s and early 30s, the people making up the nation’s largest generation have yet to embrace the concept of stock investing to meet long-term goals like funding retirement. One in three Millennials say they invest in stocks, a Bankrate.com survey found. And six in ten have less than $10,000 saved for their post-working years, according to Ramsey Solutions. Millennials say that investing is “too risky” or that “they don’t have enough spare income,” according to Stash. Well all of that is changing, thanks to the folks at Betterment, who are rethinking what your money can do for you in a simple, powerful way. Continue reading “Rethink What Your Money Can Do With Betterment”
The average payday loan user made less than $25,000 last year, but spent over $500 in fees in that same timespan. With APR rates exceeding 40%, payday loans have been know to cripple families in under-resourced communities. For individuals in desperate need of a short term cash advance, there are few options in today’s marketplace.
FS Card Inc is on a mission to deliver honest mainstream financial products to underserved consumers. Continue reading “This Company Is Delivering Honest Financial Products To Underserved Customers”
No matter what you’ll be doing this summer, there’s no better way to find that much needed rest and relaxation than by curling up with a good book on the beach, by a lake, or in your very own backyard. This week, we read Elon Musk: Tesla, SpaceX, and the Quest for a Fantastic Future by Ashlee Vance. Continue reading “Discover How Elon Musk Became One Of The World’s Greatest Innovators”
For many millennials, the thought of paying expensive investment fees and commissions can be scary enough to discourage first time investors from entering the market. The days of paying $10 per trade are ending, thanks to the folks over at Robinhood, who are creating an investment platform for people looking to make their money more active. Continue reading “Take The Scare, Fees, And Confusion Out Of Investing With Robinhood”
Millennials are getting to the age where they may want to start thinking about homebuying. For many folks, that means a lot of questions and a lot of headaches. What home can I afford? Am I getting a good deal? What is the difference between a fixed rate and variable rate mortgage? Thankfully, Quicken Loans has launched Rocket Mortgage to help answer many of these questions and more in the blink of an eye. We’ve liked seen the commercials: ‘Push button, get mortgage.’ Sounds simple, but how does it work? Continue reading “Rocket Mortgage Alleviates Headaches For First-Time Home Buyers”
According to the US Department of Agriculture, it costs American parents on average $233,610 to raise a child through the age of 17. If you live in an expensive metropolitan area those dollar signs are oftentimes much bigger. Add the cost of college to the mix and the worry of a child’s financial future is all too real for many millennial parents. Continue reading “Take The Worry Out Of Your Child’s Financial Future With Littlefund”