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Federal Reserve Raises Fed Funds Rate to A 5.25% to 5.50% Target Image Copyright: BestCashCow

Federal Reserve Raises Fed Funds Rate to A 5.25% to 5.50% Target

The Federal Reserve has raised the Fed Funds target rate to 5.25% to 5.50% after a much anticipated quarter point raise. This is the highest Fed target rate in 22 years. The Federal Reserve had paused following its June meeting, but... Read →

How Much Mortgage Can I Afford?

Many people equate the purchase of a house with finally finding success. There are new buyers entering the market every day, looking for their dream property. The market is still favorable for them at this time; mortgage rates are down and... Read →

Paying down, or paying off, your mortgage will open up a world of possibility.

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When you refinance a mortgage you pay off your existing mortgage loan and replace it with a new mortgage. Homeowners might want to refinance for several different reasons. Some of the most common reasons include obtaining a lower rate,... Read →
How To Save For a College Education Image Courtesy: Pexels

How To Save For a College Education

You are probably expecting your children to go to college one day, and they probably should because college offers many benefits to those who attend and graduate. College graduates earn more and spend less time unemployed than their... Read →
10 Money Saving Tips for Seniors Image Courtesy: Pexels

10 Money Saving Tips for Seniors

Life as a senior brings all sorts of new challenges – good and bad. It can be a wonderful time, if you stay positive and healthy, enjoying new and old friends and doing the things you’ve always wanted to do. The key challenges... Read →

What is the Difference Between A Savings Account And A Money Market Account?

Savings accounts and money market accounts are extremely similar account types. In fact, they are so similar that BestCashCow lists them together. Both are basic ways to stash cash while keeping it accessible (they are liquid accounts). ... Read →

What to Consider as Rates Rise: Fixed-Rate Mortgages vs. ARMs

Buying a home means more than just committing to raising a family or living out one’s golden years in a particular house. It usually comes with financial obligations in the form of a mortgage. It is therefore important to prepare for... Read →
COVID-19 / Coronavirus Additional Cardholder Benefits for Travel Rewards Credit Cards Image Copyright: BestCashCow

COVID-19 / Coronavirus Additional Cardholder Benefits for Travel Rewards Credit Cards

Chase, Amex and Citibank have announced the supplemental benefits for holders of their travel rewards cards. They are as follows: Chase Chase Sapphire Reserve and Chase Sapphire Preferred The Chase Sapphire Reserve card will earn... Read →
Five Realities About Earning Hotel and Airline Points in the Post Pandemic World Image Copyright: BestCashCow

Five Realities About Earning Hotel and Airline Points in the Post Pandemic World

BestCashCow launched its section on travel rewards and cash back cards a few years ago. We have always aimed to provide insightful information for credit card users about how to maximize the rewards you receive on your credit card... Read →
The Federal Reserve and Treasury Secretary Janet Yellen Should Consider an Emergency Fed Funds Hike - Maybe Even 50 BPS Image Courtesy: ABC News

The Federal Reserve and Treasury Secretary Janet Yellen Should Consider an Emergency Fed Funds Hike - Maybe Even 50 BPS

Now that we are reaching the end of Jay Powell’s tenure as Chairman of the Federal Reserve, it is fair to say that the man has strayed from his pre-chairmanship policy positions when he had emphasized using Fed policy to promote price... Read →

Life In Seven States Without State Income Tax -- Nirvana or Hell?

For those well enough off, the prospect of living life in a state that assesses no state tax seems very attractive. Florida comes to mind, as does Texas, Alaska and a few others. There are actually seven such states without any state... Read →
Andaz Peninsula Papagayo and JW Marriott Guanacaste Are Both Fantastic Hotel Redemption Values Image Copyright: BestCashCow

Andaz Peninsula Papagayo and JW Marriott Guanacaste Are Both Fantastic Hotel Redemption Values

I had the pleasure of staying at both the Andaz and the JW Marriott resorts in Guanacaste during my visit last week to Costa Rica. For those seeking a great resort to get away from it all using hotel points, these are both great... Read →
Two Major Risks to Federal Government Debt Levels Post-Debt Ceiling Settlement Image Copyright: BestCashCow

Two Major Risks to Federal Government Debt Levels Post-Debt Ceiling Settlement

The national debt is poised to move into completely unchartered territory. Assuming the US remains one contiguous country, we are going to move from $31 trillion in outstanding US liabilities to somewhere in the $35-$36 trillion range over... Read →
Federal Reserve Ends June 2023 Meeting With a Pause At 5 to 5.25%; Likely to Continue Raising Image Copyright: BestCashCow

Federal Reserve Ends June 2023 Meeting With a Pause At 5 to 5.25%; Likely to Continue Raising

Today's FOMC statement says that the Fed is holding its target Fed Funds rate at 5% to 5.25%. The decision was unanimous among voting members. While today's action marks the first Federal Reserve meeting in this cycle to end... Read →