The Federal Reserve cut its benchmark interest rate by a quarter point Wednesday for the third time since September, bringing its key rate to about 3.6%, the lowest in nearly three years.

Holiday spending left many Americans in debt in 2024, with some incurring significant financial burdens. Here are some ways to pay it down.

As the calendar changes to 2025, you might be thinking about how to approach your relationship with money in the new year.

The Federal Reserve’s third interest rate cut of the year will likely have consequences for debt, savings, auto loans, mortgages and other forms of borrowing by consumers and businesses.

The average taxpayer is getting a $2,852 refund, $75 more than last year.

But right there at checkout, there is an option that lets you buy know and pay later, in four interest-free installments. Transparency and predictability is another plus, according to Schulz, because shoppers can see exactly how much they need to pay and when. A key thing to know about these payment options, according to Schulz, is that they are not all the same. For instance, some require payment once a month, but others require payment every two weeks. Even a short-term loan is still debt.