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What is an outstanding balance on a credit card?

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A balance is the total amount owed on a loan. However, with credit cards there are several different types of balances: current balance, statement balance or negative balance. The current balance is the same as the outstanding balance. What does it mean and why is it important when you pay for your credit card? What […]

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It’s likely that you will live longer than you think

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Financial literacy is often not as good for women as it is for men. We seem to score higher in “longevity” literacy, or knowing how long you’re expected to live. A longevity-literate approach is key to intelligent retirement planning. If you overestimate the length of your life, it could lead to you retiring too early […]

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Guide to Global Entry For Kids

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It can be difficult for parents to travel with their children, particularly when they have to fly internationally. Global Entry is a great way to save time at the airport and reduce waiting times for security and customs. Can kids apply for Global Entry? Yes, you can. Global Entry, unlike TSA PreCheck which lets kids […]

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The 10-Year Treasury yield: What it is and why it matters

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What’s the yield on 10-year Treasury Bills? US10Y is the 10-year yield, which describes how much 10-year U.S. Treasury bills will earn over a period of 10 years when purchased today. Treasury notes, also known as T Notes are low-risk investments that pay a fixed rate of interest each six months. The 10-year Treasury is […]

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What Is a Bank Holiday?

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What is a bank holiday? A bank holiday is when banks are closed on a business day in observance of a federal or local holiday. There are typically 11 federal bank holidays per year in the United States. How do bank holidays work? When a bank is closed for a holiday, branches and remote customer […]

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  1. NerdWallet Guide to Massachusetts Financial Aid Programs
  2. The Fed Meeting in June: A Pause on Interest Rate Increases
  3. If the Fed does not increase rates, will savings rates grow?
  4. Arch RoamRight Review – Is it Worth the Price?

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