MyBankTracker Blog

APY vs. APR: What's the Difference? While the face-value difference between APY and APR simply may be the last letter of the acronyms, the difference on your finances can be major. Simon Zhen Simon Zhen Does Having Too Many Bank Accounts Hurt Your Credit Score? As the ups and downs of life send you on a financial roller coaster, you could... Simon Zhen How to Mint a Money-Savvy Child Making wise money decisions is important at all stages of life, but it becomes... The Curse of The Lottery: 5 Winners and Their Demise The “Curse of the Lottery“ is a psychological study to some, a predictable outcome to others, and an unknown phenomenon to many. Learn the five examples of winners that probably wish they hadn't won in the first place. Marina Shifrin Late Credit Card Payment? Here's What to Do If you‘re late on a credit card payment - or missed on altogether - don‘t panic. Here‘s what you can do to get your account back on track. Shannon McNay Marina Shifrin How to Find Cheap College Textbooks Sadly the summer is winding down, which means college kids everywhere need to say... Marina Shifrin Top 5 Lowest Paying College Degrees If you ask any college graduate why they chose higher education, you will almost... In Debt? Here's How to Slash Your Spending Simon Zhen Why You Can't Get Approved: Commercial Real Estate Loans Simon Zhen Marina Shifrin Retirement Before Age 40: 3 Steps to Take Contrary to popular belief, retiring by age 40 is a possibility. The catch is, you... Marina Shifrin 8 Costs to Cut When Sending Your Child to College No matter if your child attends a public university or a private university, we all... Calculating the Cost of a Baby Marina Shifrin Top 5 Money-Wasting Activities Marina Shifrin Simon Zhen How Closing an Account Could Affect Your Credit Score Your credit score is an intangible asset that exhibits your financial credibility.... Simon Zhen Should Your Family Rent or Buy a Home? If you’ve made enough money to start building a family and you’ve got a good college... 3 Tips for Turning Your Hobby Into an Extra Source of Income Simon Zhen Should You Give Your Child an Allowance? Simon Zhen Simon Zhen Saving for College: Coverdell Education Savings Account or 529 College Savings Plan? Getting a head start on saving for your child’s college education is an important step... Simon Zhen 4 Tips to Pick the Right Financial Planner The mission of a financial planner is to guide clients in all aspects of personal... Negotiate the Mortgage Rate on Your First Home Simon Zhen Why to Consider a Prenup Before Marriage Simon Zhen Simon Zhen How to Avoid High Credit Card Fees Credit cards can be convenient, but they can also cost you if you aren’t careful — and... Simon Zhen 8 Tips to Teach Your Teen Smart Spending There are many ‘talks’ parents are expected to have with their teen before they... Are You Middle Or Working Class? 10 Ways to Assess Your Class Standing Simon Zhen When Should You Check Your Credit Score? Learn the limits on how many times you can check a credit score for free, so the question becomes how often you can check credit score. Simon Zhen Simon Zhen How to Earn More Interest With CD Ladder Strategies A certificate of deposit (CD) is one of the safest saving tools available and... Simon Zhen How to Get a Credit Card Without Credit History You’re done with college and you’ve secured a job. Now you just need to pay your... How a Reverse Mortgage Works for Seniors More people are turning to reverse mortgages to bring in fresh funds in these hard financial times. MyBankTracker breaks down how a reverse mortgage works. Simon Zhen Sounds Too Good to be True? It Probably Is: How to Avoid Investment Scams Simon Zhen