Author: rachel.christian@thepennyhoarder.com (Rachel Christian, CEPF®)

[ad_1] Should you’ve been inside 10 ft of the web up to now few days, you’ve absolutely heard the information. Amazon Prime Day is right here — Amazon’s blatant try to recruit extra Prime members and beat the mid-year hunch disguised as a mega-sale “larger than black Friday.” To make sure, there are tons of nice offers to nab. And since they roll out intermittently between now and Amazon Prime Day (July 12 and 13), you too can use it as an excuse to buy on-line at work. Win-win, am I proper? However among the stuff you stand to “save”…

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[ad_1] An estimated 200,000 defrauded former faculty college students are set to have $6 billion in federal mortgage debt cleaned as a part of a proposed settlement settlement filed June 23 in federal court docket. Debtors within the proposed settlement attended considered one of over 150 faculties that the U.S. Division of Training has decided engaged in misconduct, together with: The Artwork Institute Le Cordon Bleu ITT Tech DeVry College Keiser College College of Phoenix Westwood School Almost all the faculties concerned are for-profit faculties or vocational applications. These 200,000 debtors will see a full discharge of their loans, a…

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[ad_1] A recession could also be on the horizon. Fuel costs are at a staggering $5 per gallon on common. Rents are hovering and inflation is at 8.6% — the very best it’s been in 40 years. The inventory market is flirting with bear territory and bitcoin and different cryptocurrencies proceed to crash. In response to hovering inflation, the Federal Reserve is elevating rates of interest — a transfer economists fear might sluggish financial progress a lot that it plunges the nation right into a recession. A recession is outlined as “a big decline in financial exercise that’s unfold throughout…

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[ad_1] It’s arduous to rebound from monetary shocks in retirement. Job loss, divorce, a well being emergency or a demise within the household can strap your sources, deplete your financial savings and go away you questioning what comes subsequent. Financial volatility and hovering inflation solely add to the stress. When you’re an older American struggling to afford housing, it’s essential to grasp your choices. There are federal, state and native applications that assist seniors with low incomes pay for housing. You may qualify for rental help or backed housing at a senior condominium complicated. Understanding the place to start out…

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[ad_1] In a contemporary world, our monetary lives are more and more digital. On-line banking accounts, funding apps, buying and selling platforms and crypto exchanges maintain the keys to our private wealth. However like they are saying: You’ll be able to’t take it with you. So what occurs to the cash in these on-line accounts after you die? Who will get it and the way does that work? Failing to make preparations in your digital belongings can create stress and hardship for the folks you like. They could wrestle to entry cash you meant to depart them or lose out…

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