How Nerdwallet can help you get your money right

For many of us, an idea at last Arranging our finances It seems the equivalent of winning the lottery – beautiful in theory, not rooted in reality, and built solely on a stroke of luck. However, it is something we all want, because if nothing else, it will definitely help us sleep better at night. The problem is that most of us don’t know where to turn for guidance when it comes to all things money, and what’s new NerdWallet An online survey of more than 2,000 American adults conducted by The Harris Poll confirms this sentiment: Only 30% of Americans know where to find reputable information and answers to their questions about financial products and topics.

However, organizing your finances is not something to shy away from. In fact, with the right knowledge, tools, tips, and tricks, 2023 could be the year you finally get your money right.

Allow me to introduce you Best of NerdWallet Awards. NerdWallet is a personal finance company whose mission is to inform all of life’s financial decisions, and their annual Best-Of Awards can help you make smart, confident financial decisions for the year ahead.

Everything you need to know about NerdWallet and its Best-Of Awards

NerdWallet It is basically a one-stop-shop for all financial services for consumers and small and medium-sized businesses. Through their website and app, you can compare different financial products, find articles and tools that help you make smart financial decisions with confidence, and keep track of your finances and credit score. Each year, the geeks at NerdWallet—a team of writers and editors with years of experience—spend hundreds of hours researching more than 1,000 personal finance products across a variety of categories—such as banks, credit cards, mortgages, student loans, and more—to determine the best to offer. general.

Enters: Best of NerdWallet Awards. These awards are launched annually in the first week of January and honor the best personal finance products across multiple categories; They provide us with the right tools and information needed to make informed financial decisions for the year ahead. So no matter your Money goals this year– Whether you’re trying to build your savings, visit Bucket list destinationOr find the right credit card or buy your own place—NerdWallet And NerdWallet’s Best-Of Awards can help achieve your financial goals. Here’s everything you need to get your finances right in 2023 with the help of NerdWallet’s Best-Of Awards:

1. Upgrade your credit card

You probably use your credit card without much thought, but have you ever stopped to think about whether or not it’s doing anything for you? The truth is, every card has its own benefits and rewards, and there’s no better time than now to upgrade to a card that can work the most for you based on your spending habits, financial needs, and goals.

If you want to build or improve your credit, a student or secured credit card may be right for you. Likewise, if you want to save on interest, you can look into a low interest insurance, 0% APR, or balance transfer card. And if you want to earn rewards on purchases, a cash back card or travel rewards card can come in handy. This is just the tip of the iceberg, which is why NerdWallet rounds out a file The best cards for 2023 To help you make an informed decision on how to upgrade.

2. Save more with a cash back credit card

If your credit is in good standing and you’re able to pay your bills and balances in full each month, consider upgrading to a cash back credit card. These cards basically pay you to shop; Each time you use your card, you earn a certain percentage of cash that accumulates over time and can then be used as you wish (think: on a credit card bill, deposited into your bank account, etc.). The percentage you earn will depend on which card you have and where you use it, but you will typically earn anywhere between 1-6%.

On top of that, a lot of these rewards come from simple everyday purchases – like gas, food, etc. – so you don’t have to splurge or spend unnecessarily to reap the benefits. All in all, a cash back credit card can be a great way to reward yourself and passively generate extra income that you can use in the future, and NerdWallet It can help you find the right person for you.

3. Benefit from increased interest rates with a high-yield savings account

The Federal Reserve (known simply as the “Federal Reserve”) has been gradually increasing interest rates over the past year to try to combat inflation. While this means that it costs more to borrow money, it’s not all bad. In fact, the only silver lining is that money stored in savings and checking accounts, as well as certificates of deposit (CDs), is likely to earn more interest. This is a huge financial opportunity that everyone can take advantage of, so consider storing your cash this year in a high-yield savings account. After all, having an emergency fund is vital, and NerdWallet has it low on Accounts that can help you Grow your wealth and achieve your financial goals – all without the need to take any action. In addition, setting aside extra money will help you avoid debt as inflation and interest rates rise.

4. Fund your next vacation with a travel rewards credit card

If you like to travel, don’t wait – start financing your next vacation with a travel rewards credit card. These cards reward you with points or airline miles that can be redeemed for travel expenses like flights, hotels, car rentals and more. This is a great way to go on vacation without pulling out your savings to float the entire trip.

Overall, a good travel rewards card helps you earn free trips, can be used abroad at no extra charge, and can cover you for travel-related emergencies (hopefully unlike those in… white lotus). However, it is important to keep your travel needs and desires in mind when choosing a card. If you travel a lot, you might want to get a card with all-purpose travel rewards (think: hotel credits, rental car coverage, airport lounge access, etc.). On the other hand, if you don’t travel a lot, you’ll probably want a card that doesn’t run out of points. Likewise, if there is an airline or hotel that you always use, you may want to consider getting a credit card with their company’s brand. No matter what you’re looking for, NerdWallet He has a breakdown To help make your decision flawless.

5. If you are in the market, contact your mortgage lender

If your goal this year is owning your own place or moving to a new place, don’t let high interest rates scare you. Admittedly, there are a lot of things that go into buying a home, which is why understanding your mortgage options is so vital. The last thing you want is to not be aware of what’s really going on with a big financial decision like this one, so it’s important to know what you’re getting yourself into.

The good news is that this process doesn’t have to be stressful. Thanks to NerdWallet, it’s easier than ever to run assignments with a mortgage lender. Check out this list To learn more about different mortgage options and more. It may seem like a lot, but arming yourself with this information can help point you in the right direction and give you the confidence needed to take charge and put yourself in the driver’s seat. Once you get there, you will be able to choose your mortgage wisely, and you will have confidence in yourself enough to feel confident in the decision.

* NerdWallet Compare, Inc. NMLS ID #1617539

*NerdWallet survey methodology: This survey was conducted online within the United States by The Harris Poll on behalf of NerdWallet from November 10-14, 2022 among 2,064 US adults ages 18 and older. Sampling accuracy for online Harris surveys is measured using a reliable Bayesian interval. In this study, the sample data is accurate to within +/- 2.8 percentage points using a 95% confidence level. For the full survey methodology, including weighting variables and subgroup sample sizes, please contact [email protected].

This post is sponsored by NerdWallet but all opinions expressed therein are those of The Everygirl Editorial Board.