LaToya Irby

2 days ago | investopedia.com | LaToya Irby

Debt consolidation can be a smart strategy to reduce how much you pay in interest. However, your ability to save depends heavily on your credit score. If your score is strong, you may qualify for a lower interest rate and lower your total debt costs. If not, consolidation could cost you more in the long run. Key Takeaways What Are You Paying Now? To evaluate whether debt consolidation will save you money, start by understanding what you're currently paying.

4 days ago | investopedia.com | LaToya Irby

A period of unemployment can make managing student loan payments feel overwhelming. Communicating with your lender or loan servicer early is crucial for finding options to keep your loans in good standing. Additionally, proactively managing your finances can help you avoid missed payments and protect your credit while you look for your next job opportunity. Key Takeaways Deferment and Forbearance Federal student loan deferment and forbearance each offer temporary relief from repayment.

1 week ago | experian.com | LaToya Irby

How Does a Pension Fund Work? Pension funds are sponsored by employers, typically large corporations, government agencies and school systems. Depending on the plan, both employees and employers may contribute to the fund on a regular basis. Contributions may be mandatory or voluntary and are pooled into a professionally managed investment fund.

1 week ago | investopedia.com | LaToya Irby

College is one of the largest expenses many families will ever face.Depending on the school, the average cost of college ranges from $11,610 for in-state public tuition to $43,350 for private institutions. As such, a good way to ensure your child's college fund is on track is to devise a savings schedule, wherein annual milestones are based on your target schools' yearly cost of attendance.

3 weeks ago | experian.com | LaToya Irby

How Much Are Wire Transfer Fees? Wire transfer fees vary depending on the transfer type, the financial institutions involved and how the transfer is initiated. Generally, fees range from $0 to $60 per transaction. Banks typically charge four types of wire transfer fees:Incoming domestic: Charged when you receive money from within the U.S. Usually up to $15. Outgoing domestic: Charged when you send money within the U.S. Typically up to $30.