Greg McBride

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Last quote by Greg McBride

It's up to creditors to report information to the credit bureaus and not all do. Particularly for lending that's done to subprime customers, it's not unusual for things to not report to the credit bureau.feedback
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Oct 19 2017
The latest quote from Greg McBride is: “That's where households get the wherewithal to improve their lifestyle and have increased buying power.”. It comes from the With wages finally up, Americans are earning more than ever article. You’ll find on this page 50 articles with Greg McBride quoted on topics such as Fed and Americans. Greg McBride has been quoted 80 times in 50 articles.
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Greg McBride quotes

Jul 17 2017

If you haven't been there for a long period of time, the transaction costs can more than eat up the equity you may have accumulated or the modest down payment you put down.feedback

Jun 22 2017

It's a lot like the holiday season, where you know it's coming all year long, and a lot of people don't save for it and end up putting it all on a credit card.feedback

Jun 22 2017

One major factor in rising consumer debt burdens has been the very sluggish growth in household income. People's expenses are going up and people's income is barely keeping pace if at all. Make it part of your regular expenses. That way, vacation is paid for either by the time you go or the day you come back, and it doesn't linger with you long after the sunburn is gone.feedback

Jun 20 2017

It's one thing to burn through your emergency savings but the problem mushrooms when people start raiding their retirement.feedback

Jun 20 2017

Set up a direct deposit from your paycheck into a dedicated savings account. If you wait until the end of the month, nothing will be left over.feedback

Jun 15 2017

Exploit that difference. It's money in your pocket.feedback

Jun 15 2017

That's where consumers are feeling it and are going to continue to feel it.feedback

Jun 14 2017 - Federal Reserve

As expected, the Federal Reserve followed through with an interest rate hike – the third in the past six months and fourth in the past 18 months. But this could be the last hike for a while. Until we see a reversal of the recent weakness in economic growth, retail sales and inflation, the Fed will be on the sidelines.feedback

Jun 14 2017

For a lot of people, they don't even notice. But for those where budgets are tight and their debt burdens have been growing the last few years, this is where the signs of strain begin to emerge.feedback

Jun 14 2017

Nobody is going to have to downsize from the SUV to the compact because of rates going up. Don't lose sleep over interest rates.feedback

Jun 14 2017

There is no sense in bearing the risk of an adjustable rate when you can lock in a fixed rate at 4 percent and be done with it.feedback

Jun 14 2017

That's more than tenfold the interest you are earning now.feedback

Jun 02 2017

People like to retire debt-free, and that's all fine and dandy, but you don't want to avoid credit altogether. Poor credit, no credit or lack of verifiable income – all a big problem. If you don't have proof of income or verifiable income, you're going to have a very difficult time qualifying.feedback

Jun 02 2017

At that level, you've given the lender a real margin of safety.feedback

May 24 2017

As a parent, monitor the account. You want to make sure they aren't forming bad financial habits.feedback

May 24 2017

The beauty of starting with a savings account is, it's teaching them to make deposits and watch that balance go up. Once they have a checking account and a debit card in hand, it's way too easy for that money to come out. And that's where they get into trouble.feedback

May 24 2017

By design, a lot of those accounts don't have balance requirements or monthly fees.feedback

May 09 2017

The 100,000 points is one of the most generous – and perhaps tops – that we've seen for financial products. But it doesn't negate the need to shop around for the best deal or justify settling for an inferior loan that could cost far more in the long run.feedback

May 03 2017

I do think the rate landscape is a factor at this point in time. You have to shop around.feedback

Apr 27 2017

Wake me up when something actually gets signed into law.feedback

Apr 12 2017 - Federal Reserve

As president, having a steady hand at the controls of monetary policy is better than switching jockeys midrace.feedback

Apr 12 2017 - Uber

The lease terms are awful, you could buy the car for what they are being leased for, or maybe even less.feedback

Apr 06 2017

Seeing slow progress on both of these fronts just brings us to the intersection of an inevitable economic slowdown at some point long before interest rates get to more normal levels and the balance sheet is reduced significantly in size.feedback

Apr 06 2017

When you look at the context of a slow-growth economy, productivity growth that is abysmally low – that all adds up to a Fed that's not going to be able to be aggressive with interest rates or downsizing the balance sheet.feedback

Mar 30 2017

I'm not a fan of paying down low-rate, tax-deductible mortgage debt.feedback

Mar 21 2017

That means that by paying off those credit card balances, the average cardholder is making a risk-free return of 16 percent. If you want to go from somebody who's being hurt by rising interest rates to somebody who can benefit from them, pay off this debt and then funnel that money into savings instead of pouring it into interest payments each month.feedback

Mar 16 2017

It's a great time to be shopping around if you have good credit and (can) lock in zero-percent introductory and balance-transfer offers. You'll see rates for both savings and auto loans trending higher, but it's not going to be a one-for-one correlation with the Fed. Don't expect your savings to improve by a quarter point or that all car loans will immediately be a quarter-point higher.feedback

Mar 15 2017

If you have variable-rate debt, it's going to be a significant exposure to rising interest rates. Grab those zero-percent credit card offers now while you still can. There are zero percent offers that extend as long as 21 months. That gives you a great window of opportunity to get your credit card debt paid off once and for all.feedback

Mar 15 2017

If you're just hunkering down at your financial institution and expecting better returns to land on your lap, you're going to be disappointed. Banks have not increased rates of returns on deposits, and they're not in a hurry to do so. The (banks) inclined to increase deposit rates (are) the ones already paying the most competitive returns. Not only are you getting a notably higher rate ... you're still protected by federal deposit insurance. That's as close to a free lunch as you're going to find.feedback

Mar 15 2017

If the Fed hikes rates three times this year, that could make your next payment a doozy.feedback

Mar 15 2017

The cumulative effect of interest rate hikes is going to begin mounting.feedback

Feb 22 2017

It's a liquid account, so if you don't like the rate. you can always move to a better option.feedback

Feb 22 2017

It's a competitive market and a lot of banks on the top of the list tend to stay there.feedback

Feb 04 2017

Switching to a fixed-rate mortgage may be a tough sell on the surface because rates on many adjusted-rate mortgages are lower now.feedback

Feb 04 2017

People who have just been skating by with paying interest on their home equity lines of credit could be hit with a double whammy when those lines reset.feedback

Dec 14 2016

This single quarter-point move in interest rates will go largely unnoticed at the household level, but coupled with last year's hike, the cumulative effect could mount quickly if the Fed quickens the pace of rate hikes in 2017.feedback

Dec 14 2016

As long as the economy continues to progress, we will see more from the Fed and the cumulative effect is really meaningful.feedback

Oct 18 2016

Americans are finally limiting spending for a good purpose – to save money. This is the first time in four years that the top reason wasn't stagnant income.feedback

Oct 04 2016

Even smaller banks and credit unions are part of larger ATM networks that won't charge customers fees.feedback

Sep 29 2016

This is the type of routine personal finance maintenance that needs to be second nature, like fastening your seat belt.feedback

Sep 29 2016

Check your bank transactions every couple of days. Check your credit card statements every month.feedback

Sep 13 2016

When consumers and businesses are uncertain, that has an impact on spending and can ultimately restrain consumer growth.feedback

Sep 13 2016

People don't have a whole lot of extra money to throw around, and when you layer on the uncertainty of who is going to win the election, it is starting to take a toll on how consumers feel about where the economy might be headed.feedback

Sep 13 2016

Taking a deep breath might be the better course.feedback

Sep 12 2016

There is no sense in bearing the risk of an adjustable rate when you can lock in a fixed rate at essentially the same level.feedback

Sep 12 2016

A quarter percentage point rate hike means your credit card rate will go up by a quarter of a percentage point within a few billing cycles. That's a little more of a headwind toward your debt repayment.feedback

Sep 12 2016

That's a little more of a headwind toward your debt repayment. They won't be around forever, particularly if the Fed continues to raise interest rates, so lock those in while you still can.feedback

Sep 01 2016

For people with good credit, car loans at banks and credit unions alike have never been lower. There are a bevy of sub 2 percent offers available.feedback

Aug 16 2016

More working Americans are saving more for retirement and fewer aren't saving at all. It's indicative of an economy where more people are working and people are earning more.feedback

Jul 27 2016

The Fed gave a very upbeat assessment of the U.S. economy, which is the first step toward prepping markets for another rate hike.feedback

Jul 19 2016

While cash investments are entirely appropriate for short-term needs, such as an emergency fund, they are completely inappropriate for long-term investment horizons.feedback

Jul 19 2016

The preference for real estate is well suited for investment horizons of more than a decade, but the apathy many investors feel towards the stock market is detrimental to achieving their long-term financial goals.feedback

Jul 11 2016

Depending on how much you need and when you need it, taking a personal loan may be advantageous. You want to cast a wide net and know what all your options are.feedback

Jul 06 2016

The rates being offered today, particularly by large national banks and credit unions, are some of the lowest ever seen.feedback

Jul 06 2016

The uncertainty in financial markets keeps the Fed on the sidelines.feedback

Jun 25 2016

If markets bounce back next week, mortgage rates will too. But if the sell-off continues, mortgage rates will continue to fall.feedback

Jun 25 2016

Mortgage rates are tumbling now and they're approaching record-low levels. If you're a borrower, don't wait to lock your rate as this opportunity may not last long.feedback

Jun 21 2016

Accumulating emergency savings requires establishing the habit.feedback

Jun 07 2016

Do not use them as a substitute for emergency savings. Having your own money means you control your own destiny.feedback

Jun 07 2016

A line of credit is open-ended, like a credit card. You have lots of flexibility in when and how much you borrow or repay.feedback

Jun 02 2016

Nearly 30 percent of Americans don't have any emergency savings at all. Every little bit you can squirrel away in a savings account acts as a buffer.feedback

Jun 02 2016

If you put yourself in hock to the boss, it's probably not a good place to go from a career standpoint.feedback

Mar 28 2016

The financial crisis came during millennials' formative years. It instilled in them smart habits we haven't seen in awhile.feedback

Jan 04 2016

This is but one illustration of why pouring extra money into paying down, or avoiding having to take, a low fixed-rate tax-deductible mortgage is not the optimal financial move.feedback

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