Financial scams are a common phenomenon in the country; according to data released by the Federal Trade Commission, consumers reported losing more than $3.8 billion due to investment scams in 2022. So, it is important to remain vigilant and practice caution before initiating any online interaction or transaction with a business or a stranger. Here is a look at some common mistakes you should avoid to protect yourself from financial fraud: Using one password for multiple accounts You should frequently change passwords for your sensitive accounts, like those on banking apps and other platforms that have access to your confidential information.

A credit score is a measure of one’s creditworthiness, usually presented as a 3-digit number between 300 and 850. If one has a higher score, it makes one a better candidate for loans. However, a bad credit score can make it challenging to obtain loans. Fortunately, some apps available in the market can assist one in improving one’s credit score. Continue reading this article to learn about the best apps to help improve a bad credit score. 3 apps to help improve a bad credit score Credit Karma With an experience that spans more than a decade, Credit Karma is one of the best apps to consider when trying to improve a bad credit score.

During the pandemic, the government issued multiple orders that directed certain businesses to shut down or required employees to work from home. Even partial curfews and restricted travel or movement directives directly affected the functioning of a business. That is why the government also introduced the Employee Retention Credit or ERC to eligible businesses impacted by the scale of these orders. The tax credit provides businesses much-needed leverage to survive and recover operations post-pandemic. Who can avail of the credit? Changes in regulations and policies could significantly impact travel, business operations, meetings, and other activities that a company relies on to remain profitable.

An airline credit card is a co-branded travel rewards card that is jointly offered by an airline and a card issuer network. This card allows users to earn frequent flier miles to win travel benefits on their purchases. They also offer benefits such as sign-on bonuses, priority boarding, free checked baggage, access to airport lounges, elite status, and more. Currently, these are the six best airline credit cards one can avail of: Capital One Venture X Rewards Credit Card The Capital Card is one of the most premium travel credit cards with a fairly low annual fee of $395. The card offers up to a 10x reward rate on flights, hotels, and rental cars, making it a crowd favorite.

When considering low-risk investment options, a certificate of deposit (CD) is one of the most common options. CDs offer a safe way to grow savings while earning a fixed interest rate over a set period. However, like any financial endeavor, opening a CD requires careful consideration and knowledge to avoid common pitfalls and get the most out of the investment. So, here are five common mistakes to avoid when opening a CD: Not exploring all options One of the most common mistakes while opening a CD is not shopping around for the best rates. Banks and credit unions offer varying interest rates on CDs.

Before investing in precious metals like gold, silver, platinum, or palladium, individuals should have an idea about their different types and diversify their portfolios to mitigate risk. People should understand market drivers, like economic indicators and geopolitical events, and adopt a long-term perspective. Be cautious of scams, consider tax implications, and assess the liquidity of the chosen metal. Before investing in precious metals, make sure you keep in mind the important aspects listed below. Understand the Types of Precious Metals Investors should start by understanding the different types of precious metals available for investment. Gold and silver are the popular choices, but platinum and palladium also play significant roles in the precious metals market.