Personal Finance

For the third consecutive year, LendEDU found out how much the average American will be spending on Thanksgiving between food and travel. It looks like Turkey Day in 2019 is shaping up to be the most expensive one yet.

MoneyLion is a mobile personal finance and lending app that helps customers get in control of their finances by providing them with tools that help them track their spending, saving, and credit usage. The company was started in 2013 by a team of technologists and financiers and is based in New York City. They have […]

From income to credit scores, these personal finance statistics will tell you exactly how the average American household is doing financially and can help you determine your own financial goals.

Loan underwriting is a process that lenders use to assess your credit risk and decide whether to issue loans such as mortgages, personal loans, auto loans, and private student loans. The personal documents required for the underwriting process vary by type of loan.

LendEDU's third annual study also included price comparison research that found consumers can save a good chunk of money by shopping for Halloween on Amazon rather than Walmart.

LendEDU compared each generation's average monthly budget and found boomers spend a lot on credit card debt, while millennials save quite a bit for retirement despite larger student loan payments.

The survey of 1,000 recently-hitched Americans also found that some have missed debt payments associated with their wedding, while others that used debt to finance their ceremony ended up getting divorced shortly after.

Key Takeaways: 42% of respondents are planning to spend less and save more due to recession fears 32% of respondents reported having no money in an emergency fund and 55% of respondents reported having $1,000 or less. The median amount was $712. 37% of respondents believe their finances are too weak to withstand a recession […]

“If only I had a million dollars in the bank.” Who hasn’t pondered that at one time or another? But have you ever wondered how much interest one million dollars earns per year? Interest rates on savings vehicles are currently still pretty low – ranging from a paltry 0.01 percent in a bank savings account to […]

LendEDU surveyed 1,000 American pet owners to ask them about their spending for their pets and how it affects their personal finances. 20% of respondents have gone into debt caring for their pet at an average of $1,566.96.