A Scarcity Mindset Can Cost You Mentally and Financially

We all saw it at grocery stores in 2020. The shelves, once brimming with toilet paper and hand soap, were bare. We hid in our homes, deep-cleaning every surface, occasionally braving the threat of COVID-19 to hunt down the last remaining bottle of hand sanitizer in a 50-mile radius. We felt out of control, so … Continued

How Debt-Related Stress Affects Body and Mind

Being in debt feels like you’re always a step behind. It doesn’t help that debt is spoken about as something that’s your fault — too much online shopping, or too many pricey pitchers of mimosas at brunch. “In our culture, in our country, we have a lot of noise about debt,” says Lindsay Bryan-Podvin, an … Continued

Forget the Fed, Pay Off Your Credit Card Debt

The cost of everything keeps creeping up. And if you happen to have credit card debt, that’s about to get a bit more expensive too, thanks to a series of interest rate increases beginning this month. With inflation at its highest rate since the early 1980s, the Federal Reserve is adjusting interest rates to hopefully restabilize the … Continued

Get Skills — Not Bills — at an Unpaid Internship

Every summer, students flood offices as unpaid interns, soaking up knowledge and seeking positive references as they take lunch orders and organize storage closets. But this reliance on unpaid work leaves behind students who can’t afford to work for free. Between temporarily relocating to another city, buying and maintaining office-appropriate attire, and paying for everyday … Continued

Cash Back, Miles or … Wine? Credit Card Rewards Are Evolving

This article provides information for educational purposes. NerdWallet does not offer advisory or brokerage services, nor does it recommend specific investments, including stocks, securities or cryptocurrencies. Rewards credit cards typically come in two basic flavors: cash back and travel — useful if you want to save money without couponing or spend less on that annual visit … Continued

Make Your Money More Exciting — By Keeping It Boring

The idea of gaining wealth in flashy ways isn’t new. After all, Charles Ponzi, for whom Ponzi schemes were named, defrauded investors more than 100 years ago with a get-rich-quick scheme built on a foundation of lies. Today, speculative investments, multilevel marketing companies and other risky efforts to turn a profit still lay seductive traps. … Continued

How to Bounce Back From a Credit Card Mistake

Whether you’re using a credit card for the first time or you’ve carried one for years, mistakes happen. And while a credit card mistake can affect your credit scores, there’s no need to be hard on yourself. With some habit changes and a bit of time, you can begin to see your credit scores heal. … Continued

3 Things to Do Before You Buy Crypto

Investing in cryptocurrency can be as easy as a few taps on your phone, and with crypto all over the news and coming up in conversations with friends, it’s tempting to dive right in. However, depending on your financial situation and appetite for investing risk, crypto might not be an appropriate investment for you right … Continued

In Your Debt: Back to Pre-Pandemic Spending? Don’t Overdo It

With COVID-19 restrictions mostly lifted in the U.S. (though that’s changing), you may be enjoying a more social summer than you were last year. But dinners out and movie tickets can seem pricey compared with a year and a half of home-cooked meals and whatever’s on TV — especially if you experienced pandemic-related financial hardships. … Continued

How to Be a Frugal Traveler and Still Have Fun

That first post-vaccine vacation is finally a possibility for many, but after more than a year without travel, the sticker shock is no joke. In general, travel prices are increasing to reflect higher demand. According to the U.S. Travel Association Travel Price Index for May 2021, airfare is up 24.1% and lodging prices are up … Continued