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Recent data shows that the average American has more than five different bank accounts. These accounts may include checking accounts, money market accounts, certificates of deposit (CDs), or even savings accounts, and can be spread across a number of different financial institutions.

Debt. For many of us, it’s an unavoidable part of life, helping us reach certain financial goals such as buying a home or going to college. As necessary as debt might be, it can sometimes feel like… well, another four-letter word to be avoided.

The winter holidays have this magical way of sneaking up on many unsuspecting consumers. Even though we see summer ending and fall creeping in, it always seems to catch us off-guard that the holiday season — and all of the spending that comes with it — is just around the corner.

As a homeowner, you are likely to build up equity in your home over time as you pay down your mortgage loan and if market home values increase. This equity — calculated as the difference between what your home is worth and how much you still owe on the property — is a valuable asset that you will enjoy when you eventually sell your property.

Depending on your financial goals and how you manage your money throughout the year, you may benefit from a number of different banking accounts and products. One such product to consider is a high-yield savings account (HYSA).

Due to the ever-increasing prices of both new and used cars, the vast majority of drivers today will find themselves financing their vehicle purchase. This is especially true with new cars, which were financed a whopping 81.2% of the time in 2021.

According to a recent poll, Americans said that taking out too much money in student loans was the financial mistake that took them the longest to recover from. And with student loans taking an average of 18.5 years to repay, this is no big surprise.