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A Note From Kelly Anne

The midterms are just around the corner. Voters in states across the country will soon have the opportunity to make their voices heard on a variety of issues that could impact their finances, including tax changes and labor laws. You’ll want to do some research before heading to your voting precinct this year.

Best,

Kelly Anne

Senior Staff Writer

Consumer Finance

Midterms And Money: How The Elections Could Affect Your Wallet

November 8 is about two weeks away and there are plenty of reasons why you should cast your vote this year.

While the midterms might feel less impactful than presidential elections, they’re monumental in determining how your everyday life may change. This year, over a dozen states have personal finance-related issues on the ballot, such as proposals to raise state minimum wages, limit interest rates on debt, and even to increase taxes.

Inflation has tightened budgets for many Americans. Some of these proposals could help bring relief.

We dived into some of the biggest personal finance proposals to help you start researching your ballot. Happy voting!

Debt Consolidation Loan Vs. Balance Transfer Credit Card

A balance transfer card can be a powerful tool in your debt-busting arsenal. A 0% APR offer on a credit card can save money by having all of your payments during the intro period go towards knocking out the principal balance instead of some being siphoned away to pay interest charges.

Best Balance Transfer Credit Cards

2022's Best Debt Consolidation Loans For Bad Credit

A debt consolidation loan can be a smart way to streamline your monthly debt obligations and get out of debt faster. However, this debt reduction strategy isn’t right for everyone. And if you have bad credit, qualifying for a debt consolidation loan with an attractive interest rate could be a challenge.

Minimum credit score

560

APR range

7.46% to 36%

Loan amounts

$1,000 to $50,000

Here’s what else you should know
this week

2022 Year-End Tax Planning Moves To Make Now

Now’s the time to take advantage of year-end moves to cut your next tax bill. Here are five tax moves you’ll want to make before the clock strikes midnight on New Year’s Eve.

Saving Less, Spending More As Economy Heads Toward Recession

Times are getting tight for Americans—and it’s starting to show in their finances. The most recent Forbes Advisor-Ipsos survey found more Americans are dipping into their savings to make ends meet.

How To Get Free Home Covid Tests Before Winter Surge

With a surge of Covid-19 cases expected this winter, now is the time to stock up on free at-home tests. Here’s how major insurance plans are covering the costs.

Sponsored Content

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For a Limited Time, Earn 80,000 Bonus Points With Chase Sapphire Reserve

Chase’s most premium travel card, Chase Sapphire Reserve^®, sits high on Forbes Advisor’s list of the best travel credit cards. It’s no surprise jetsetters might carry a card like this one. It offers high-value benefits such as elevated benefits at curated hotel properties and VIP airport lounge access.

How To Report Social Security Fraud With Aura

If you suspect that someone is committing Social Security fraud, report it to the Office of Inspector General (OIG) as soon as possible. It also may be necessary to contact the Federal Trade Commission (FTC), the Internal Revenue Service (IRS) and local law enforcement. The sooner the authorities are alerted, the better chance they have of catching the culprit and preventing further harm..

Calculate Your Home Equity At Forbes Advisor

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If you’ve been paying down your mortgage for a few years—especially in housing markets where home prices are shooting up—you’ve likely built up equity in your home that you can now access through a line of credit. To see if you might qualify, use this calculator to determine how much equity you might be able to borrow through a home equity line of credit (HELOC).

Put Your Home Equity To Work & Unlock $35K-$300k 

Forbes Advisor compiled a list of home equity lenders that excel in various areas, including offering low fees, low loan costs, convenience and flexibility, so there’s something for people with different goals and financial needs.

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