TessMore Finance Blog

I bet you’ve probably felt the pinch of inflation at the grocery store or gas pump these past few months. It’s been reflected in the government figures about inflation too – we’re seeing inflation figures we haven’t seen in decades. One of the bright parts in all that is that Series I bonds have been in the news too – because they enjoy inflated adjusted interest rates that are seeing record high numbers too. If you’re wondering how Series I bonds work, I hope this primer fits the bill. We start with the big news, what the rate is expected to be when adjust in May, followed by how Series I bonds work: Table of Contents 💸 May 2022 Interest Rate Update: 9.62% What Are Series I Bonds? Tax Considerations How Are Interest Rates Calculated? How Can You Predict Interest Rates? Historic Series I Bond Interest Rates When Should You Buy Series I Bonds? 💸 May 2022 Interest Rate Update: 9.62% For the experts in the room who just want to know the numbers – we expect that compo

Car financing can have an impact on your credit score. If you manage it properly, your credit score can improve. Let us discuss how car financing work and its impact on your credit score. How Does Car Financing Work? Car financing is buying or leasing a car on borrowed money. You pay interest over the loan term when you buy a car through a financing facility. Car financing can be availed from car dealers, banks, lending firms, and credit unions. Each type of lender offers discrete benefits to borrowers and every one comes with some limitations as well. Some lenders would offer easier financing approvals but would charge higher interest rates. Others would offer lower interest rates but would require a high credit score. Financing a used car is usually cheaper than financing a new car. However, different factors including your credit score, gross income, and loan term would determine your APR and monthly payments. How Does Car Financing Affect Your Credit Score? Car financing

Rolex is a renowned brand of luxury watches and jewelry. Buying a Rolex can be easy if you have a credit facility. Affirm offers short-term financing that you can use to buy Rolex watches. Let us discuss how to finance Rolex with Affirm. Rolex – Introduction Rolex is one of the leading luxury watches and jewelry makers in the world. It is a renowned brand of superior quality and stylish watches around the globe. Rolex has a large number of retail partners around the world. It has a global presence through its official retail partners in almost every country. Customers can buy certified and authentic watches through these partner retail outlets. Some retailers offer online purchasing of Rolex watches as well. Some of the famous watch series at Rolex are: Air-King Cosmograph Daytona Datejust GMT-Master Sea-dweller Yacht-Master Rolex offers watches for men and women. Its luxurious collection of watches gets updated regularly. Rolex does not offer credit financing dire

A cashier’s check is a safe payment instrument issued by banks like Chase bank. The payer pays for it upfront and the issuing bank guarantees its credentials. Let us discuss what is a cashier’s check, how you can get a Chase bank cashier’s check, and its pros and cons. What is a Cashier’s Check? A cashier’s check is a banking instrument that draws funds from a bank’s funds and not from a person’s account. A cashier’s check is issued by a bank, a credit union, or an authorized financial institution. It is issued at the request of the customers and against a service fee. A cashier’s check looks similar to a personal check physically. It contains the same information as a personal check. It will include the bank name, payee name, amount (in words and figures), signatures, date, and often a watermark on its face. The information is verified by the bank. It means the written amount and signatures are backed by the bank. therefore, it differs in characteristics and uses from person

This doesn’t have to be a spring cleaning-related overhaul. We recommend you go through your closet seasonally.  Here’s a great place to start: make a giant pile of all the clothes you don’t wear anymore. Yes, that means going to the hall closet and looking through your winter gear, your swimsuit collection and, yes, all the shorts and shirts you said you would keep in case you had a grandchild. You can buy them new clothes with the money you make on your old items.  As you examine each piece, ask yourself some key questions: Does this fit? Do I still like it? When’s the last time I wore it?  If your answer is no, no and it’s been years, then it’s time to sell. We’ve rounded up the best ways to do that in this handy guide, whether you choose to sell online or in person. Sell Used Clothes Online Whether you want to sell clothes online just this once and be done with it or set up a clothes-reselling empire, you have plenty of apps and websites to choose from. For selling used cloth

Clothes shopping can be a fun way to spend an afternoon. And in many cases, whether it be for work, school or a special occasion, buying clothes can be a necessity. But for many people, buying clothes is part of a larger pattern of overspending. In fact, clothing items are the number one purchase category for people with shopping addictions .  Curbing that habit can be difficult, but there are some strategies you can use to make it a little easier. Here are some questions to ask yourself: 4 Questions to Ask Before Buying Clothes How Often Will I Wear It? Before I buy a clothing item, I try to think about how often I’ll wear it. This helps me determine what the cost-per-use might be, and therefore how cost-effective an item actually is. The more often you can wear a garment, the lower the cost-per-use is.  Here’s how to calculate cost-per-use. Let’s say I want to buy $150 rain boots that I plan to wear three times a week for four months, which comes out to 48 days a year. That’s

As the weather warms up, folks want to be outside more and even dine al fresco. The ever-popular charcuterie board is great for picnics, dinner on the deck or a patio happy hour. It’s surprisingly easy to assemble your own board with grocery store ingredients that cost less than you might think. In fact, you can make a crowd pleasing tray full of cured meats, cheese and complementary snacking accompaniments for less than $30. How to Make a Meat and Cheese Board on a Budget Meat and cheese boards are super easy to make. The staples for a proper charcuterie board are cured meats with cheese options, plus a selection of dried or fresh fruits, nuts, crackers, spreads, olives and pickled vegetables. Think of it as a glorified snack tray and choose what appeals to you. Here’s a shopping list of essentials from Aldi, but you can also find a great selection of affordable options at Trader Joe’s, Walmart and Sam’s Club. Aldi Charcuterie Shopping List Item Price 1 16-ounce

Medicare late enrollment penalties are no joke. They can increase your monthly premium substantially for the rest of your life. That’s right — if you miss the window, the government can penalize you each month for as long as you have Medicare coverage. It’s essential to understand your Medicare options and how these late enrollment penalties work so you can avoid costly premiums in retirement. Need a refresher on how Medicare works ? Check out answers to seven common Medicare questions.   When Are You Supposed to Sign Up for Medicare? You can only enroll in Medicare at certain times. Your initial enrollment period is a seven-month window around your 65th birthday. It begins three months before you turn 65 and extends three months after your birth month. If you’re already receiving Social Security retirement benefits, you’re automatically enrolled in Medicare when you turn 65. Some people choose to delay Medicare if they’re still working. However, the best way to avoid Medicar

Wire transfers are a relatively easy and secure way to transfer money electronically from one bank account to another. Although they can be convenient (and are often required in processes like buying a house), they are expensive compared to alternative ways of sending money. In this article, we’ll analyze average wire transfer costs, both domestic and international. At a Glance: How Much Do Wire Transfers Cost? Wire transfer fees vary by financial institution. While you can almost always count on paying a wire transfer fee to send money, you might also pay a fee to receive a wire transfer. Fees differ for domestic and international wire transfers. We’ve compiled wire transfer data from 11 of the biggest banks in the U.S. to calculate averages for each type of transaction. You can take a closer look at individual institutions’ fees further down in this article. Average Wire Transfer Fees Incoming domestic wire transfers: $15.45 Outgoing domestic wire transfers: $25.91 Incom