Companies can hire social media managers or specialists to oversee their social media accounts. These managers or specialists work to create social media campaigns designed to help businesses reach their desired goals. Social media marketing for small businesses may revolve around video content, written content, or a combination of the two. Small businesses that use social media for marketing purposes are required to act in accordance with federal guidelines. For example, Truth in Advertising regulations prevent businesses from using social media or other advertising outlets to make false or misleading claims about products and services....

Average savings account rates can vary based on the rates the Federal Reserve sets, as well as the bank or credit union you start your account. In comparing a variety of savings accounts, we identified where you can maximize your interest earnings with above-average rates. Average Savings Account Interest Rates The average rate for a savings account rises and falls over time. For example, in October 2022, the average savings account interest rate was 0....

Hero Images The common things to be aware of are listed below, as well as three great options if you decide that donating your car is right for you. Option 1: Use DonateACar.com DonateACar.com is an easy-to-use, painless option for a vehicle donation. Rather than having to navigate all of the specifics of paperwork and tax information yourself, this site allows you to pick a charity from a list of hundreds that you would like to support and then offers free next-day pickup for you....

Definition and Examples of the Consumer Financial Protection Bureau The CFPB was formed in 2010 when Congress passed the Dodd-Frank Wall Street Reform and Consumer Protection Act in the aftermath of the financial crisis of 2008. President Obama consolidated various consumer financial protection authorities that were scattered across seven agencies into a single enforcement entity with heightened authority and independence. This was done in hopes of protecting consumers from the predatory behavior that contributed to the financial crisis....

JGI/Jamie Grill / Getty Images During the process, continue making the required minimum payments on all of your loans, putting any extra money each month toward the smallest loan balance. Dave Ramsey originally popularized this method, and since then, many people have used it to successfully pay off their debts. How the Debt Snowball Method Works Setting up the debt snowball strategy is simple and involves just a few steps....

For example, a typical futures contract for crude oil involves 1,000 barrels of oil. If one barrel currently costs $70, the notional value of that contract is: 1,000 x $70 = $70,000 The generic formula for calculating the notional value of a derivatives contract is: Units of the underlying asset in a contract x Value of one unit = Notional value How Does the Notional Value of Derivatives Work? The notional value of a derivative expresses the overall value of the assets involved in the contract....

Learn more about why a whipsaw occurs and how it affects different trading strategies. Definition and Examples of Whipsaw in Investing A whipsaw in investing occurs when any asset price or indicator quickly moves in the opposite direction that it had been going. Whipsaws can occur in both rising as well as falling markets. Upmarket whipsaws: Upmarket whipsaws occur when a market or security, generally witnessing an upward movement in prices, experiences a sudden downtrend before resuming its upward trajectory....

If you have the good fortune to find yourself in this situation, there are several steps you can take to make the money last and set yourself up for a potential early retirement while still having a little extra fun along the way with your newfound wealth. Determine Your Tax Implications First, consider the tax implications of the money that you receive which depend on where the money comes from as to whether or not it is taxable....

Definition of a Short Sale A short sale is the process by which your lender allows you to sell your home for less than your outstanding mortgage balance. The seller must substantiate to the lender’s satisfaction that there’s no realistic way for them to continue making payments, generally because something catastrophic has happened like job loss or divorce. A short sale requires the lender’s approval and agreement to waive the outstanding balance, and sellers should make absolutely sure that this provision is included in their approval....

Over the last year, the rate of people working as digital nomads rose by 49%—and while you may not be ready to give up your home to work remotely from the road full-time, you may have considered relocating. Small towns are one option that can offer a dramatic change from frantic city life. Cheaper housing and the chance for more contact with nature may be some benefits, but the downsides also should be thoroughly considered before making the leap to small-town living....

Withdrawal limits exist for important reasons. By gaining a better understanding of why there are limits, you can work within the rules to meet your cash needs and maximize your withdrawal amounts. Learn why the limitations exist, what they are, and what you can do if you need more cash than an ATM will give you. Why Are There ATM Withdrawal Limits? Generally speaking, there are two primary reasons that a bank imposes withdrawal restrictions on its customers: cash availability limits and security concerns....

Check Kelley Blue Book for figures on your vehicle. Insurance companies do not base payouts strictly by Kelley Blue Book, however, the site does a good job at placing a value on a vehicle. For someone who is not familiar with car values, Kelley Blue Book is a convenient tool. Check similar vehicle listings in your area. Most insurance claims adjusters go through the same process by checking auto websites, newspapers, and dealerships in the area....

Doing the right thing in a situation where you find a lost wallet or credit card should not be a tough decision. However, you don’t want to just leave the credit card there for a thief to pick up. On the other hand, depending on the laws in your state, trying to be a good Samaritan can put you at risk. In some cases, you could be committing a felony by having someone else’s credit card without their permission....

First, confirm that your credit card was charged incorrectly. Review the transactions on your credit card statement or your online credit card account and compare the amount to your receipt. For restaurant or other services, be sure you’re not forgetting to factor in any tips that you wrote on the merchant’s copy of the receipt. Work With the Merchant to Resolve the Error Start by contacting the business where the error occurred....

Check Motivation The first step is to review your reasons for selling. Maybe you need more space for a growing family, prefer liquid cash or moving cities for a new job opportunity. The reason itself doesn’t matter as much as having a reason in general. If you can’t name your reason for selling, perhaps you should temporarily take your home off the market and consider if it’s what you really want to do....

As divorced couples go on to build new lives, it is important to take care of any jointly-owned insurances, contracts, or property. Your homeowners insurance policy is just one of the things you’ll need to figure out. Knowing how to make changes and what changes to make can ease the stress in an already uncomfortable situation. How Do You Update Your Homeowners Policy After the Divorce? Only those listed on a homeowners insurance policy are allowed to make changes to the policy....

Learn what it is like to work with an investment advisor, what fees to expect, and the impact investment advisors can have on your investment strategy. Investment Advisors vs. Financial Planners Investment advisors select financial assets like stocks, bonds, and mutual funds, then buy, sell, and monitor them within your account in keeping with your investment goals. Some investment advisors work holistically, looking at all aspects of your financial life and putting together a comprehensive investment plan—a process often called wealth management....

This article describes a sole proprietorship business and discusses the major facts you need to know for starting this type of business. What Is a Sole Proprietorship? A sole proprietorship is a one-person business. It’s the simplest form of business to operate because you don’t need to register it with a state or have a board of directors or complex legal documents. Some examples of sole proprietors are freelancers, independent contractors, and gig workers, such as Uber and Lyft drivers....

What to Do If You Move in Together If you are living together, it makes sense to combine household expenses and cover them together. The best way to do this is to set up a household budget. This budget will cover things such as your rent, utilities, food, and other expenses that you share. Other items, such as your car loan, insurance, and retirement, should be kept separate from each other....

Netspend offers several options to reload your card, including direct deposit and mobile check deposit. Knowing your options for reloading this prepaid debit card can help you plan ahead and be sure your funds are available when you need them. Where Can You Reload Your Netspend Card? You have multiple options for reloading your Netspend Card, including in-person cash reloads at participating locations. Some locations may charge a small fee for reloads....