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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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, […]
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 […]
Are Online Banks Safe? 5 Security Tips for Banking Online
In recent years, I’ve seen online banking become more and more popular because it’s convenient, user-friendly and intuitive. So many folks are switching from ATM deposits to mobile check deposits and from checkbooks to easy-to-use apps that allow them to check their balance or even use their phone to make payments. But with cyberattacks on […]
Homebuyer’s Dilemma: Should You Purchase a Home That Needs Repairs?
You’re prepping to buy a home. You’ve worked out a budget, started scouting out properties and are shopping for mortgage options. But there’s one scenario you might not be ready for: finding your dream home only to learn it needs some serious repairs. You might be one of today’s buyers who are increasingly willing to […]
