Cash News Itâs a question everybody likely wonders, from the billionaire to the person living paycheck to paycheck: How much money should I keep in my checking account? Of course, if youâre a billionaire, deciding what to keep in your checking account is more of a âfunâ academic exercise. If youâre constantly struggling with cash […]
CashNews.co Unlock the Editorâs Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Trillions of dollars of financial securities change hands every day. A few decades back, exchanges took place in raucous trading pits where dealers would bellow out prices to match buyers and sellers. Then the […]
Cash News There are two types of monthly expenses you need to plan for when you create a budget: fixed and variable expenses. Fixed expenses tend to be easier where your budget is concerned because these costs stay the same from month to month. Variable expenses, on the other hand, may fluctuate each month and […]
CashNews.co Stay informed with free updates Simply sign up to the Global Economy myFT Digest — delivered directly to your inbox. UK inflation data on Wednesday will provide the latest clues for investors on the likely timing and speed of interest rate cuts by the Bank of England. Economists polled by Reuters expect the figures […]
Cash News Credit card delinquencies are on the rise, and that likely wonât be changing soon. Younger credit card users are struggling the most, with 15.3% of Gen Z and 12.1% of Millennials carrying maxed-out cards, according to 2024 data from the New York Federal Reserve. If you can’t keep up with your credit card […]
Cash News When you create a budget, youâll find that certain expenses come up again and again. If you want to take control of your money, itâs important to identify these monthly expenses and plan for them in advance. Managing monthly expenses plays a big role in your long-term financial success. Read on for some […]
Cash News If you have a complicated relationship with budgeting, the 50/30/20 rule could help. Rather than breaking down your monthly spending into dozens of tedious categories, this budgeting strategy takes a simpler approach. The rule says you should spend about 50% of your after-tax income on needs, 30% on wants, and 20% on savings […]
Cash News On paper, things look pretty good right now. The S&P 500 is up 15% so far this year, inflation has cooled significantly, and the unemployment rate is relatively low. However, some economists believe that there are some indicators that the economy is slowing down and that a recession could strike within the next […]
CashNews.co Unlock the Editorâs Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. More than 5,000 people who invested in Neil Woodfordâs collapsed equity fund are suing Hargreaves Lansdown, claiming the UKâs largest investment site continued to recommend the product even as it ran into trouble. Claims […]
CashNews.co Stay informed with free updates Simply sign up to the Investment Banking myFT Digest — delivered directly to your inbox. The trading accounts of US banks topped $1tn in the third quarter â their highest level in more than 16 years and close to an all-time high â as the nationâs largest financial firms […]