Inflation is when the price for the same amount of goods (i.e., groceries) or services (i.e., getting a haircut) increases. Inflation affects everything involving the economy from food and clothing to employment wages and interest rates.
by CapWayCryptocurrency is becoming more attractive to those who want to use digital currency instead of traditional payment methods and also to those who want to invest. In 2020, it skyrocketed into mainstream popularity.
by Nailah HerbertEvery month, a person will have regular income and expenses. Taking proactive steps is key to improving financially means making strides to lower expenses. Implementing money strategies can have beneficial effects in the long run.
by Nailah HerbertPassive income can positively impact your life because you do not have to trade most of your time to earn money. Those reasons include having more financial stability, relying less on a paycheck, reducing financial anxiety, and reaching your money goals.
by CapWayThe annual percentage rate (APR) is the yearly rate that credit card companies charge you on any outstanding balances that you carry month-to-month.
by CapWayThe New York Times Bestselling book, Atomic Habits by James Clear, changed my perspective on the importance of building good habits. I figured it would be best to implement it into one of the most important aspects of my life — my finances
by Derrick HerbertA credit report and a credit score are two different pieces of financial information. However, they both have a significant impact on your finances.
by CapWayA Presidential Memoranda was issued on January 20, 2021, which extended the pause on federal student loan payments and collections, keeping the interest rate at 0%. More than 42 million federal student loan borrowers will have student loan debt relief until September 30, 2021.
by CapWayThe SBA, under the CARES Act, opened applications for the third round of PPP loans on January 13 at participating community financial institutions. All lenders will accept applications from January 19 through March 31, 2021.
by CapWayEstate planning is an essential part of creating financial stability. An estate plan helps your family and friends understand your wishes, and it assigns beneficiaries while you are living and after your death.
by CapWayCapWay understands that times are uncertain for so many families. Unemployment and layoffs are a huge concern, and a global economic downturn has only made financial tensions worse.
by Gwen PayneWhen payday comes, many bills and other expenses are typically paid off before any other spending occurs. Fortunately, one of the products and services that consumers can access via their online banking platform to help combat this issue is called an “Automated Savings Plan.”
by Nailah HerbertIt is time to discuss Black wealth when it comes to life insurance and creating a plan for yourself and your family. Even more, it is a time to shift the narrative from being only about death to instead shining a light on its generational benefits.
by Nadia C. VanderhallCheck out this savvy credit card hack from CapWay's content contributor Mykail James.
by Mykail James