Tim Maxwell
💰 Personal finance writer Former TV journo turned freelance financial writer.
Articles
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2 days ago |
cbsnews.com | Tim Maxwell |Angelica Leicht
The U.S. economy is showing mixed signals this spring. Inflation is easing and is currently at 2.4% year-over-year (as of the latest reading), but it's still sitting above the Federal Reserve's 2% target rate. And, while interest rate cuts appear possible this year, the rate environment remains elevated for now. Meanwhile, the stock market has been volatile over the last few months.
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2 weeks ago |
cbsnews.com | Tim Maxwell |Angelica Leicht
It's that time of year again. Tax day, April 15, is fast approaching, and millions of Americans are rushing to gather their financial documents and file their federal and state tax returns. For those receiving a tax refund, it's a welcome time. Others, unfortunately, may find themselves owing money to the government. And, recent data shows that a large number of tax filers won't get a refund this year.
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3 weeks ago |
cbsnews.com | Tim Maxwell |Matt Richardson
Borrowers looking for affordable lending options have found tough sledding in recent years, thanks to a stubborn run of inflation that has kept interest rates elevated. Personal loans and credit cards now carry significantly higher annual percentage rates (APRs) than they were in 2020, leaving borrowers with fewer cost-effective ways to access cash. If you are a homeowner with adequate home equity, a line of credit is a good option worth exploring.
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3 weeks ago |
experian.com | Tim Maxwell
How Do Car Loans for Teens Work? Most states don't allow minors to sign legal contracts, which generally means a teen can't buy a car on their own using an auto loan. If they want to purchase a vehicle with a loan, a parent or guardian will have to help them with the buying process.
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3 weeks ago |
experian.com | Tim Maxwell
Should I Roll Over My Car Loan? Deciding whether you should roll over your car loan may depend on whether you have positive or negative equity. It's usually not a good idea if doing so causes you to start your new loan upside down, owing more than the new car is currently worth. That can make it harder to sell or trade in later, and you'll likely pay more interest overall. Example: Let's say you owe $15,000 on your current loan, but your car is only worth $12,000.
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Ever wonder how APY on your savings account works? Here's a quick guide I wrote for Experian that (hopefully) breaks it down in simple terms. https://t.co/ZITyEsgsJi
What's better, renting or owning? https://t.co/3YKMSjrDhD
If you ever want to know if we're in a buyer's market or a seller's market, paying attention to the sales-to-list ratio can help. My latest article for Bankrate explains more. https://t.co/cskqIk2SKy
