Understanding Crypto Losses and Your Taxes If you experienced losses in cryptocurrency investments in 2022, you’re not alone. The crypto industry faced significant downturns, with losses amounting to nearly $1.4 trillion due to the collapse of exchanges and other financial entities. However, there is a silver lining: you may be able to deduct these losses […]
Building Credit from Scratch: A Comprehensive Guide It can be incredibly frustrating to try to borrow money if you have no credit history. However, several borrowing options, such as a secured credit card or a credit-builder loan, are available. If you have no credit, you still may be able to borrow money, but it might […]
Protecting Yourself from W-2 Scams: A Comprehensive Guide Keeping your personal information safe is crucial in preventing identity theft. However, sometimes the control is out of your hands. A data breach could expose your sensitive information, or worse, your employer might fall for a W-2 scam, giving cybercriminals access to your name, address, Social Security […]
Mastering Personal Loan Management: A Comprehensive Guide A personal loan can be a powerful tool to achieve various financial goals, such as repaying a significant expense over time or consolidating high-interest debts. However, without careful management, it can quickly become a burden, leading to financial problems and damaging your credit. At O1ne Mortgage, we are […]
Understanding Credit Card Utilization and Its Impact on Your Credit Score Managing your credit card utilization is crucial for maintaining a healthy credit score. High credit card utilization can negatively impact your credit score, but the good news is that this effect is reversible. In this blog, we will explore how long high credit card […]
Maximizing Your Tax Refund: Tips and Strategies A tax refund is the difference between the amount you paid in taxes throughout the year and what you owe when you file your return. For example, if you had $10,250 withheld from your paychecks in 2022 and end up owing $8,500 in taxes for the year, you’ll […]
Maximizing Your Savings with High-Yield Savings Accounts In today’s financial landscape, finding the best ways to grow your savings is crucial. One effective method is through high-yield savings accounts. These accounts offer significantly higher annual percentage yields (APYs) compared to traditional savings accounts, making them an attractive option for those looking to maximize their savings. […]
Maximize Your Savings with High-Yield Savings Accounts High-yield savings accounts offer a higher interest rate than traditional savings accounts, helping you earn more on your deposits. Whether you’re setting aside money for a large purchase, an emergency fund, or a down payment on a home, putting your money into a high-yield savings account can help […]
Understanding the Federal Funds Rate and Its Impact on Your Savings Watching the Federal Reserve issue another rate hike might not be ideal if you’re planning on borrowing money, but it can be welcome news if saving is your priority. When the Federal Reserve raises the federal funds target rate, interest-bearing savings accounts often see […]
Understanding High-Yield CDs: A Smart Investment Choice When it comes to saving money, finding the right account to maximize your returns is crucial. High-yield certificates of deposit (CDs) offer a compelling option for those looking to grow their savings with minimal risk. In this blog, we will explore what high-yield CDs are, how they work, […]
