New Home

Finding a House in a Seller’s Paradise (and Buyer’s Desert)

If you’re looking to buy in the current housing market, pickings are slim. Demand is high and supply is low, which makes for an increasingly competitive market and leaves many house hunters scrambling to find the right place. Use these alternative methods to find a home you love, even when the search gets tough. 1. […]

Taxes

2021 Expanded Child Tax Credit: Who Qualifies, Payment Schedule & More

What is it? Who qualifies? And how much will you continue to receive? 2021 Child Tax Credit Calculation Child Tax Credit Payments Impact of the Child Tax Credit Millions of parents in the U.S. have already benefited from the temporarily expanded advance Child Tax Credit payment through the American Rescue Plan Act of 2021. On […]

Credit

The Advantages That Come With Building a Good Credit Score

You’ve probably heard all about the importance of credit scores. If you’ve ever sought financial advice, improving your credit score was likely one of the top suggestions you came across. But what doors can a high score help you unlock? Why a Good Credit Score Matters Banks use your credit score as one of the […]

Financial News

Go Big or Go Slow? The 101 on Dollar Cost Averaging

It’s a nerve-racking time to invest. The market is near all-time highs while Wall Street is getting more cautious by the day. It’s tough to go all in on this market with high uncertainty and low conviction, yet you’re feeling FOMO (fear of missing out) and prices keep rising. What do you do? The answer […]

Wedding

Tying the Knot? 13 Ways to Upcycle and Thrift Your Way Down the Aisle

A wedding is one of the most exciting events you can organize — it can also be one of the most expensive. So, we’ll let you in on a little secret if you’re trying to keep costs low: Get a little thrifty. Unleash your creativity (and stay on budget) with these simple hacks: 1. Thrift […]

Savings Accounts

How to Create a Fall Savings Plan

As summer turns to fall, the weather may be cooling down but spending may be warming up. Back to school season is looking a little different this year and costing families a little more (almost $1,000 on average). And that’s only the beginning. ‘Tis the season to pencil in some fun fall activities as a […]

Saving

How to Make the Most of a Cash Windfall

“When I make it big” is the opening line of many financial daydreams. We’ve all spent time fantasizing about what we’d buy, where we’d go and what we’d do if we received a sudden windfall of extra cash. Of course, unexpected cash would be a welcome surprise but waiting on one is a far cry […]

Financial News

Consumer Stock Slump

The consumer discretionary sector is in a slump. It holds the title as the third worst performer in the S&P 500 index so far this year. It’s like investors forget that consumer spending jumped 11.8% in Q2, wages are on the rise, and many people have some extra cushion for a rainy day. The consumer […]

Trading

What Is Sector Investing? A Strategy for Portfolio Diversification

When you buy a pie, you get one flavor. It might be apple or blueberry or chocolate, depending on your tastes, but it’s one pie, one flavor. Buying securities on the stock market is different: You get more choices to mix and match, based on your investing tastes. If you’re craving variety for your portfolio, […]

Trading

3 Steps to Become a Confident Investor

Investing can be intimidating, especially in the beginning. For many new investors, the word “investing” conjures up images of men in pressed suits, closely watching the ups and downs of prices of a stock. And if you’re part of a widely marginalized community, the intimidation factor can be tenfold. We at Ally Invest believe that […]

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