Time to Change Home Buying Tactics
Credit Sesame discusses home buying tactics in the current market. A red-hot housing market over the past couple years has made things tough for would-be home buyers. That may be changing in some ways, but the path to home ownership is still a steep challenge. Preparation is the key. While the booming market has given […]
The State of the US Economy: Are We in a Recession Yet?
Credit Sesame explores whether the US economy is in a recession. The possibility of recession had already been looming in the background for much of 2022. On July 28, that possibility jumped front and center in discussions about the US. economy. That’s the date when the Bureau of Economic Advisors announced that the US economy […]
How to Build Credit as a Student
Credit Sesame on how to build credit as a student. It’s never too early to start. Building a credit score can seem like one of the last things college students should be focusing on. Classes, homework and a busy social life are just the start. Who wants to start their journey into adulthood by reviewing […]
Are Banks Taking Unfair Advantage of Rising Interest Rates?
Credit Sesame discusses whether banks are taking unfair advantage of rising interest rates. Interest rate are rising this year. What people aren’t talking about is a notable exception to that trend. While interest rates that consumers pay for credit cards, mortgages, and car loans are all clearly higher than they were when the year began, […]
Back to School Sticker Shock – What to Expect
Credit Sesame prepares students on what to expect from back to school expenses this year and offer tips on how you can ease the pain of back-to-school inflation. It’s a funny commercial. To the tune of “It’s the Most Wonderful Time of the Year,” parents gleefully stock up on back-to-school supplies while gloomy kids trudge […]
Resetting Your Budget for Inflation
Credit Sesame discusses resetting your budget for inflation. The evidence is unavoidable. It’s seen every week at the gas pump and the grocery store. It’s especially shocking when you’re shelling out for something big like a car, a trip or home improvements. Inflation has seemingly come out of nowhere, and now it’s all but inescapable. […]
Personal Finance Weekly News Roundup July 30, 2022
Credit Sesame’s personal finance weekly news roundup July 30, 2022. Stories, news, politics and events impacting the personal finance sector during the last week. The Fed hikes interest rates again U.S. economy shrank during the second quarter Credit card and phone companies show warning signs The number of Americans struggling to pay bills surges Businesses […]
Twice as Many Working Americans Worrying About Money in 2022
Credit Sesame’s Personal Credit and Finance Survey May 2022 indicates that working Americans worrying about money frequently has more than doubled (13% to 31%) over all income levels during the last 12 months. According to the Bureau of Labor Statistics, the average annual wage in the United States is $58,260. The number of surveyed working Americans […]
Credit Building for Recent Grads
Credit Sesame discusses the importance of credit building for recent graduates. Using credit is a core part of handling your money in today’s economy. Credit can help you make ends meet week to week and build wealth in the long run. Even under the best of circumstances, recent graduates face challenges when it comes to […]
The Relationship Between Income and Credit Score
Credit Sesame discusses the relationship between income and credit score. High income earners tend to have high credit scores and low income earners tend to have low credit scores. However, the relationship between income and credit score is the result of many factors and a high income does not guarantee a high score and more […]
Should You Spend Your Emergency Fund or Borrow money?
Credit Sesame delves into whether you should borrow money or spend your emergency fund in times of need. Most financial experts agree that it’s a good idea to have some savings set aside for emergencies. Once you’ve built it, the challenge becomes knowing when to spend your emergency fund. High inflation is creating ever-greater demands […]
Personal Finance Weekly News Roundup July 23, 2022
Credit Sesame’s personal finance weekly news roundup July 23, 2022. Stories, news, politics and events impacting the personal finance sector during the last week. The EU’s Central Bank finally raises interest rates to 0% Housing sales cool for the 5th straight month IRS eases inheritance tax pain for ultra wealthy families Average gas prices may […]
Medical Debt is Contagious – How Not to Catch It
Credit Sesame reviews a new medical debt survey by KFF. The cost of health care is so high that a medical issue can become a lingering financial problem. A recent survey by the non-profit health research organization KFF found that just over four out of every ten American adults have medical debt. This debt adds […]
How Borrowing to Make Ends Meet Adds to the Inflation Problem
Credit Sesame explains how borrowing can make the inflation problem even worse. Consumers are feeling the pinch of rising prices. With inflation at its highest level in over 40 years, paychecks don’t go as far. A recent Credit Sesame survey found that as wages come up short, Americans are relying on their credit cards to […]
What to Consider When You Apply for a Credit Card
The Credit Sesame guide on what to consider when you apply for a credit card. Do you want to apply for a new credit card? Used wisely, a credit card can be a useful way to manage cashflow or spread the cost of larger expenses. Perhaps surprisingly several credit cards with low balances can be […]
