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Where Your Emergency Savings Should Start At?

Having an emergency fund or emergency savings gives a certain peace of mind. You know that there is money set aside for unforeseen expenses and feel more confident looking into the future.

However, its easier to say than fund emergency savings. But today, having emergency savings accounts is set as a top priority by many people. So, what is that magic amount that will allow you to stay aloft in case the unexpected occurs? Some expert say that the emergency fund should start at about $500. However, this amount mainly depends on your income and cost of living.

Where to start

First of all, you need to determine those unexpected situations you need the emergency fund for. It can be car repair or los of job, or medical expenses. Secondly, look at your lifestyle: the appropriate amount will be different for a student, family or a single mom. It is recommended to put away at least 5 percent to 10 percent of each paycheck until your savings reach three to six months’ worth of expenses.

How to keep

Many ...

Women-Owned Businesses Will Get A Boost From Visa

More women are starting businesses than ever before, with more than 163 million women-owned businesses launching worldwide since 2014. Now credit card network Visa is showing their commitment to supporting female entrepreneurs by launching the global initiative She’s Next, which will encourage women small business owners to build and grow their businesses.

Suzan Kereere, global head of merchant sales and acquiring at Visa, says that when it comes to nurturing and sustaining their businesses, it’s vital that women work together to support each other. “Starting and growing a business can be both incredibly rewarding and daunting. That’s why Visa is committed to empowering women business owners through a year-long program of education, cutting-edge digital payment technology and a powerful peer network.”

Supporters come from many corners

She’s Next will be supported by the Female Founder Collective (FFC), a network of women-led businesses that launched in 2018 and boasts over 3,000 members. Vi ...

Credit Card Issuers Announce First Cash Back Categories For 2019

One of the best ways to get a great value from your credit card is to have a cash back card that offers rewards in rotating categories. These cards, which typically offer five percent cash back up to a maximum of $75 per quarter, let you spend on popular seasonal favorites - like gas for summer road trips or department stores for holiday shopping - and get cash back in the form of a statement credit, a check mailed to you, or a donation to a charity close to your heart.

The thing to remember about this type of cash back rewards credit card is that you'll need to sign up for the promotion each quarter in order to activate the cash back offer. You can typically do this online or over the phone, and you'll need to keep your eyes and ears open to find out when the signup period begins.

The New Year brings new rewards categories

For 2019, Chase Freedom is offering five percent cash back on up to $1,500 in purchases made at gas stations, drugstore ...

Sapphire Banking Gives Chase Customers Better Value

If you’re a fan of Chase Sapphire credit card, you’re in luck. Chase has just introduced a banking option that gives folks a better deal on everyday banking, as well as credit cards.

With Sapphire Banking, Chase is taking the lessons they learned from their incredibly popular Sapphire credit card and applying them to the banking space. Jennifer Piepszak, CEO of Chase Card Services, said they are hoping to capture what makes the Sapphire credit card special and put it into a traditional bank account service.

“What we learned with Sapphire cardholders was that they love the brand, but for very rational reasons. They did the math and knew the value that the card benefits and the sign-on points delivered. We want to create similar value for a bank account under the Sapphire brand.”

No ATM fees, no foreign exchange fees, no wire transfer fees

One of the more remarkable features of Sapphire Banking is that they will not charge fees of any kind to their customers, given they meet certain eligibili ...

Freelance Workers Embrace Digital Payments

The way Americans get paid is changing. Where people used to get a paper check every two weeks, more and more workers now receive direct deposits that are automatically delivered to their bank accounts. For freelancers, however, getting paid has always been a little more complicated.

A recent survey by Bill.com, a digital business payments company, showed that workers in the so-called “gig economy” still struggle to get paid reliably and conveniently, and therefore are embracing digital payments—even insisting on them in some cases.

Over 50 percent of these workers are still paid by check, 54 percent say it takes “too long” to get paid, 45 percent complain that clients don’t pay when they’re supposed to, and 30 percent say that processing fees charged by credit cards or payment services pose a problem.

“Small businesses struggle with ca ...

Amazon And American Express To Offer Co-Branded Credit Card For Small Business Owners

Small business owners in the United States will have a new option for credit with the launch of a co-branded credit card from American Express and Amazon that was recently announced as part of a multi-year agreement between the two brands.

“At American Express, we have been helping business owners grow for more than 50 years and we know that millions of them rely on Amazon,” said Glenda McNeal, president of strategic partnerships at American Express.

“Amazon’s global product selection and selling services help small businesses think big and run efficiently. We’re delighted to expand our partnership with Amazon by offering a new co-branded small business card, and by also harnessing the collective insights and expertise of our companies to deliver tangible value to our mutual customers who use Amazon’s services.”

More than a credit card

Besides the co-branded credit card, the Amazon-American Express partnership will include an enhanced data solution that gives businesses expanded insigh ...