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US savings bonds are known to be a very safe investment, but tend to have lower rates. However, if you’ve been watching the news and blogs, as of this year the rate for a Series I Bond is at 9.62% until October 28, 2022. To take advantage of this rate, you must complete your purchase of this bond on the Treasury Direct website by October 28, 2022.
Read MoreGood news: more young adults are improving their financial health. According to CNN’s report on millennial money habits, nearly a quarter of people aged 24 - 41 have more than $100,000 in savings, up from 16% in 2018. The younger generation is more concerned about their finances: tracking expenses, regularly checking account balances, and paying credit card bills in full each month — as 75% pursue a comfortable retirement.
Read MorePeer to peer lending is often referred to as people to people lending. Unlike your traditional lending where it happens between an individual and a bank, peer to peer lending occurs between two individuals. Conventional sources of borrowing can sometimes be challenging, those challenges have opened the door for peer to peer lending and addressed the excess demand for borrowing.
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