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What Is a Hard Inquiry?

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(image: http://1.bp.blogspot.com/_Cd9T9fs-MHA/SVreuMCcKjI/AAAAAAAAAQ4/7i5T5sjd-T0/S220/Hogs+Blog+Logo+xx.jpg)What is a hard Inquiry?

A hard credit inquiry can take some points off your score temporarily, but a soft inquiry doesn't affect it.

Through Our Nerdwallet contributors are specialists in their fields They have diverse backgrounds in finance, journalism, and consulting. We adhere to the highest standards of editorial to ensure that our readers are provided with the information necessary to make financial decisions confidently. Find out more about our

Updated on 13 February 2023.

Editor: Kathy Hinson Lead Assigning Editor Personal finance, credit scoring, managing money and debt Kathy Hinson leads the Core Personal Finance team at NerdWallet. Prior to joining NerdWallet, she worked for 18 years with The Oregonian in Portland in roles including copy desk chief and team leader for design and editing. Previous experience included copy editing and news for various Southern California newspapers, including the Los Angeles Times. She earned a bachelor's degree in mass communications and journalism from Iowa's University of Iowa.

Many or all of the products featured here are provided by our partners, who pay us. This influences which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our views are our own. Here's a list and .

An inquiry that is hard to answer is for a review of your credit, typically to decide on the validity of your loan or credit card application. It may shave some marks off of your score but it's temporary.

If you conduct a credit check yourself, it's a soft credit inquiry, also known as a soft credit check, and it doesn't alter your score.

The Fair Credit Reporting Act places limitations on the time and place your credit report may be inspected.

Are you in need of a credit check-up?

Sign up for an account and get your credit report free and score available constantly.

What is a hard inquiry?

An inquiry that is also referred to a hard pull or a credit check, is a process that requires your permission. It happens when you apply for credit, such as a mortgage, credit card, auto loan and loan for students, loan and personal loan. It doesn't happen when you're trying to get pre-qualification in order to decide whether to apply.

This inquiry becomes part of your credit report, which means anyone who looks up your credit report will be able to see it. A hard inquiry will remain visible on your report some time, however, it will no longer affect your credit score within less than one year.

Nerdy Tip

If you are applying for a credit card that involves a hard inquiry regarding your credit score, you may get an influx of marketing messages from lenders. The reason for this is since credit bureaus are the ones who sell marketing lists that are triggered by hard inquiries. However, you are able to opt out, either permanently or for five years. Visit , a service offered by credit bureaus Equifax, Experian, TransUnion and Innovis or call 888-567 8688. The bureaus claim that your request will be effective in five business days. Note that you may still receive marketing offers from lenders that use other sources. Opting out does not alter your credit score or the ability to get credits or for insurance.

What does an inquiry that is not a formal one affect your score on credit?

A single hard inquiry can cut five points from your FICO score. But, for the most popular FICO model the inquiries that are made within a 45-day time frame are considered as one inquiry when you are " ," such as for student, mortgage and auto loans. The older FICO models and VantageScore which is FICO's rival, also group inquiries for rate shopping, but within 14 days. A VantageScore spokesperson told me that a difficult inquiry could cut up to 10 points off a VantageScore.

Most lenders or card issuers will pull a credit report from just any of three credit bureausthe three major credit bureaus - Equifax, Experian or TransUnion. This means that the report will be reported on only any of the reports. This is not the case for a mortgage, when the three credit bureaus are examined.

It is advisable to limit inquiries that are hard to make. Before you make an application for credit, you should ensure as much as you can that you are likely to be approved to ensure that you don't lose score points without gaining the approval you want. Do not apply for credit on the spur of the moment. Be sure to consider whether a discount or bonus that you are looking forward to receiving is worth the risk on your credit. If you have one or two points, it may not be too significant. But, if you're in low credit scores consider reconsidering.

What is an inquiry that is soft?

Soft inquiries, also referred to as soft pulls or soft credit checks, can occur without you knowing about them. If you've received any credit card deal via mail, it's likely that the credit card company conducted a soft credit test to see if you would likely be eligible. This is also true for different types of loan offers or when a mortgage broker or lender offers a pre-qualification, or preapproval.

Employers also may do an inquiry into your background and may look up a modified credit report. If they have your permission to review you credit file, the information is not considered an investigation that is considered to be hard because it's not for the purpose of deciding whether or not to grant your credit.

It is, in essence, a soft inquiry, so it won't impact your score. You can get your upon request from a personal finance website like NerdWallet. You can also receive your credit reports from the three major credit bureaus. The reports are available for free and until 2023, you're eligible to get one report each bureau each week.

When you look at your own credit reports you'll find soft inquiries listed, but these don't appear in the reports that creditors see.

>> LEARN: How to work in Canada

Hard credit inquiry or soft inquiry?

Some questions can be difficult or soft. If you lease a car or want to apply for an apartment, enroll in cable TV or internet service or open an account with an institution of finance, or someone just needs to verify that you are who they say you are, you could be contacted with an inquiry that is hard or soft inquiry. The only way to know ahead of time is to inquire with the prospective owner or provider.

In the end, if you believe that a hard inquiry appears on your credit report but shouldn't be it is just as you could find other incorrect information. It's certainly worth investigating as it could indicate fraud or .

In a similar vein...

Dive even deeper in Personal Finance

Make sure you are aware of your credit score

We'll let you know when your score changes, and offer free tips on ways to continue building.

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Advertiser disclosure You're our first priority. Each time. We believe everyone should be able to make financial decisions with confidence. Although our site doesn't include every business or financial product available in the marketplace We're pleased of the advice we provide as well as the advice we offer and the tools we develop are objective, independent easy to use and free. So how do we earn money? Our partners compensate us. This may influence which products we review and write about (and the places they are featured on the site) however it in no way affects our suggestions or recommendations, which are grounded in hundreds of hours of research. Our partners are not able to be paid to ensure positive reviews of their products or services. .

Interest Calculator for Credit Cards

Use your credit card balance and interest rate to determine how much your interest charges will be for a month.

Written by Paul Soucy Lead Assigning Editor Credit cards, credit scoring, personal finance Paul Soucy has led the Credit Cards content team at NerdWallet since 2015. He was an editor with USA Today, The Des Moines Register and the Meredith/Better Homes and Gardens family of magazines for more than 20 years. He also developed a highly successful freelance editing and writing business with a focus on personal and business finances. He was editor of the USA Today Weekly International Edition for six years, and was awarded the top honor from ACES: The Society for Editing. He holds a bachelor's degree in journalism as well as a master of Business Administration. The family lives in Des Moines, Iowa, with his fiancee, his two sons, and an animal named Sam.

Updated January 25, 2023 10:20AM PST

Written by Kenley Young Credit scores, credit cards Kenley Young directs daily coverage of credit cards on NerdWallet. Previously, he was an editor of the homepage and digital content producer for Fox Sports, and before being a front-page editor at Yahoo. He has a wealth of experience in both digital and print media, including stints as an editor at the copy desk and wire editor as well as an editor of the metro for McClatchy. McClatchy newspaper chain.

A majority of the products we feature come from our partners, who pay us. This impacts the types of products we review and the location and manner in which the product is featured on the page. However, this does not affect our opinions. Our views are our own. Here's a list and .

More Like This

Credit card interest is a regular part of the lives of tens of millions of cardholders However, to many, it's unclear exactly how credit card interest is calculated and what the interest rate that is charged to their card account translates into the finance charge which appears on their monthly statement. NerdWallet's credit card interest calculator can calculate the math for you.

Start entering numbers, or read below for tips on how to obtain the most precise result.

What is the basis for the credit card interest calculation

The amount of interest charged on a credit card is determined by a variety of factors:

Grace period

Let's start with the grace period: If you pay all of your bill on credit cards on the due date every month, you will never need to pay interest on your purchases. Period. You don't need a credit card interest calculator because there's nothing to calculate. The rate of interest .

If you roll debt over from one account to the next, then the interest rate will be applicable.

>> > LEARN MORE:

Average daily balance

If the credit card bill is sent in the mail (or is posted online) it will show the total amount of your amount as of the day that ended the billing period. But this isn't the number used in calculating the interest charged. The most important number is the amount you have spent on your daily account throughout the billing period. The card issuer takes the amount of your account's balance for each day in that period and adds it together, then divides them into the total number of calendar days within the time period.

As an example, let's say you had a 30 day statement cycle, and you started with a balance of $100:

If you didn't make any charges or payments during the whole cycle, the average daily balance would be $100.

If you had a charge of $45 post on the 11th day of the cycle, and there was no other event, your average daily balance would be $130. (Ten days at $100, then the following 20 days would be $145.)

If you had a charge of $45 at the end of day 11 of the cycle and a $60 payment on the 21st, your daily average amount would have been $110. (That's 10 days at $100, followed by 10 days at $145, and finally the 10th day at $85.)

Of course, tracking the balance of your account daily is easy when you only make one purchase and only one payment each month. However, if you make frequent use of your credit card regularly through the entire month, the task becomes more challenging -- and calculating the average daily balance over the entire cycle is a nightmare. We've created an application that lets you enter the amount of your purchases and your payments over the course of a month to determine your average daily balance:

Click HERE TO OPEN OUR AVERAGE DAYLY BALANCE TOOL

NerdWallet's credit card interest calculator asks you to enter the balance of your account. Averaging your daily balance will give the most accurate results. To approximate the amount that you can refer to the balance at the close on your statement or estimate what your balance is on a typical day.

>> LEARN MORE:

Interest rate

The interest rate applicable to purchases on your account will appear on your monthly statement. Rates of interest are listed in the form of an annual percentage rate (also known as APR). While the rate stated is an annual rate, credit cards typically charge interest on an ongoing basis. The rate charged on a daily basis is typically 1/365th of your annual cost. If your APR is, say, 18.99%, the daily rate would be about 0.052% that is 1/365th of 18.99%.

Credit card interest typically is compounded each day. The interest paid for day 1 of the period is incorporated into the calculation for day 2. The interest accrued on Day 2 gets added into the calculation for day 3, and so on.

Your each month usually includes all the interest that has been accrued, as well as any other fees you have incurred as well as a small amount of the principal balance.

Nerdy Tip

A lot of credit cards have different rates for different balances. The purchase APR applies to things you buy with the card, while different APRs are applied to cash advances and balance transfers. If this is the case the issuer of the card calculates separate average daily balances for transfers, purchases and advances, and then applies the designated APRs to each.

>> > LEARN MORE:

Days of the cycle

Each credit card cycle encompasses about one month of time, but the billing cycles don't align precisely with calendar months. They usually begin in one month , and then end in the next. Your billing cycle closes at or close to the same date each month. The number of days in the billing cycle is variable from 28 to 31 days. There are several reasons to this:

Different months have different amounts of days.

Certain issuers may not allow statements to close on weekends or holidays.

Federal regulations require you to have your date of due fall on the same day of each month . You must also are allowed at least 21 calendar days between the date your statement is due and the due date.

Our credit card interest calculator lets you choose a number of days from 28 to 31. If you're not certain that you're in the right place, 30 days are an acceptable default. Or you can use to choose the days of the calendar month that the cycle began. (For example, if the cycle started in April but was completed in May choose 30 because April has the same number of days.)

What's next?

Appendix: How math is used in our examples

The maths behind it The cycle is 30 days long, with a starting the balance at $100.

There are no purchases or payment (30 days at $100)

30 x $100 = $3,000

Split by the number of days in cycle The result is $3,000 / 30 = $100

$45 purchase on day 11 (10 10 days for $100 ) and 20 days at $145)

(10 x $100) + (20 ) x $145) = $1,900 + $2,900 = $3,900

Split by the number of days of cycle: $3,900/30 = $130

$45 purchase on day 11 and $60 on day 21 (10 days at $100, $10 days of $145, then $10 days of $85)

(10 100) plus (10 145) + (10 $85) = $1,450 + $1,000 and $850 is $3300.

Split by the number of days in the cycle: $3,300 / 30 = $110

The author's bio: Paul Soucy is the principal credit card editor for NerdWallet. He has worked at USA Today and the Des Moines Register and holds an MBA.

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ACE Elite Prepaid Debit Card Review

(image: https://p.turbosquid.com/ts-thumb/Zb/hJO6lT/lA/33/png/1679469486/600x600/fit_q87/3a4d55293204fbef8d4b6f3b5e467dca4323e966/33.jpg)Advertiser disclosure You're our first priority. Each time. We believe everyone should be able to make sound financial decisions without hesitation. Although our site doesn't feature every company or financial product on the market We're pleased that the guidance we offer and the information we offer and the tools we create are impartial, independent simple, and completely free. So how do we make money? Our partners compensate us. This can influence the products we write about (and the places they are featured on the site) However, it doesn't affect our advice or suggestions that are based on many hours of research. Our partners are not able to be paid to ensure positive reviews of their products or services. .

ACE Elite Prepaid Debit Card Review

By Spencer Tierney Senior Writer | Certificates of deposit, ethical banking, banking deposit accounts Spencer Tierney is a consumer banker at NerdWallet. He has been writing about personal finance since 2013 with a focus on certificates of deposit, as well as other banking topics. The work he has written for him was highlighted on The Washington Post, USA Today, The Associated Press and the Los Angeles Times, among others. He is based in Berkeley, California.

Updated Oct 1, 2018

Edited by Amy Hubbard Amy is a former editor in the banking industry and copy editor at NerdWallet. She previously worked as an editor and writer at The Los Angeles Times, the L.A. Daily News and the Hollywood Reporter, among other publications.

Many or all of the products featured here are provided by our partners who compensate us. This influences which products we feature as well as the place and way the product is featured on the page. However, this does not affect our assessments. Our opinions are entirely our own. Here's a list of and .

2.0 NerdWallet rating NerdWallet's ratings are determined by our editorial team. The scoring formulas take into account several data points per financial product and service.

at ACE Cash Express

The ACE Elite prepaid debit card may cost more than it's worth. The card, managed through NetSpend and issued through MetaBank, has a few additional services that aren't available on many other cards that are prepaid, including an interest-paying savings account however, the fees for the card add up. If you're able to deposit direct, you can lower some costs. But there are .

Find out more about the ACE Elite's fees and services.

Best for:

If you are unable to create a bank account, want to receive direct deposits and can take advantage of saving features.

Pros

Free to get the card online. It's also simple. You need to provide your Social Security number when you register, but you'll need no credit check.

Discount on monthly fee. If you have at minimum $500 in direct deposits per month (from payroll or government benefits) You can be part of the $5 FeeAdvantage Plan that costs $60 a year.

Up to two days faster when you deposit direct. Companies and government agencies may send your money before the official payday However, banks generally delay processing funds. ACE Elite can process direct deposits quicker, however it's dependent on whether they get your money in a timely manner.

Monthly plans don't have purchase fees. Most prepaid debit cards don't charge any fees when you use the plastic at stores, but ACE Elite's pay-as-you-go plan has a price of 1 cent per purchase. The card's two monthly plans, however, allow purchases to be made for free.

Three free reload options. Transfers online, directly from the bank account, from other ACE Elite card and mobile check deposits that process for 10 days are free. Transfers made from bank accounts can be free, but it depends on the bank.

Savings account that offers 5% APY for first $1,000. This annual percentage yield is high however, after the initial $1,000, the rate decreases to 0.50 percent APY for the remaining balance. This means you can earn $50 in interest for the first $1,000, and $5 for your next $1,000 and the same rate for the next. If you pay one year's worth of monthly fees, the expense alone could be more than what you make in interest.

Check out more choices: Check our list of

Cons

The monthly fees are high. Prepaid debit cards typically charge a monthly amount of $5, in the average, however, ACE Elite's fees are $9.95.

Other charges. If you don't use your ACE Elite card for 90 days or request a check for the balance remaining on your card, there's a $5.95 cost. Additionally, there is a cost to purchase the card in stores that are up to $9.95 as well as a one-time fee of $1 for transactions that are declined and a fee for calls to customer support.

There is no free-withdrawal service for customers. To withdraw cash from any ATM, or over the counter at a bank, it costs $2.50 each time.

Has optional overdraft program. One of the major selling points for most credit cards for prepaid debit is that they do not charge overdraft fees if your account dips into the negative. ACE Elite, like other NetSpend-managed cards, comes with an overdraft program that comes with 15 overdraft charges and a maximum limit of three per month. This is lower than the majority of banks' overdraft programs but not ideal to use if you need help budgeting.

No free way to transfer money manually, but it's fast. Online transfers can take days to process, while the option for processing mobile check deposits within minutes is a cost of up to 2% or more for each amount of check.

There is no free-reloading service. Reloads for cash at retailers that are part of NetSpend's Reload Network like CVS Pharmacy and 7-Eleven, are instant but carry a fee, typically $3.95 which varies depending on the store. Certain locations do not charge however some do.

Overview of prepaid debit cards

What is a prepaid debit card?

A prepaid debit card form of payment card that only lets you use the funds you load onto the card. They aren't able to help you build credit. Similar to a debit card it can be used with any retailer that accepts its payment network, like Visa, Mastercard or American Express. It's safer and easier as opposed to cash. The prepaid cards usually have an app for mobile devices for depositing checks and transferring money. Learn more on our guide to debit cards that are prepaid.

Unlike checking accounts, prepaid debit cards could not offer certain services, like free ATM branches, checks, among others. If that doesn't work for you, check out our list of best checking accounts. If you've been struggling with banks before consider second-chance checking options.

Prepaid debit card vs. debit card vs. credit card

Credit cards with prepaid cards -- make payments before: You load money onto the card via cash check or direct deposit into a bank account before paying for transactions.

Cardholders with debit cards- pay today Pay now: You can use the money directly from a checking account to pay for purchases or withdrawing money from an ATM.

Credit cards -- pay later: You borrow money from a bank each time you make use of the card. You pay it back later.

How does FDIC insurance for Prepaid cards function?

Prepaid debit cards typically come with FDIC insurance, which helps keep your money safe in the event that the issuer goes under. Only financial institutions can be covered by FDIC insurance, therefore the prepaid card must be managed by a bank or a prepaid card provider that is partnered with a bank to offer the insurance. You must sign up your debit card prepaid with your name and other identification information in order to qualify for FDIC insurance, as well as other security.

About the author: Spencer Tierney is a writer and NerdWallet's authority on deposit certificates. His work has been featured by USA Today and the Los Angeles Times.

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Netspend Prepaid Card Review

Advertiser disclosure You're our first priority. Every time. We believe that every person should be able to make sound financial decisions with confidence. While our website doesn't include every business or financial product in the marketplace however, we're confident that the guidance we offer as well as the advice we offer and the tools we create are objective, independent simple, and free. How do we earn money? Our partners compensate us. This can influence the products we review and write about (and where those products appear on our website) however it doesn't affect our recommendations or advice that are based on hundreds of hours of study. Our partners are not able to be paid to ensure positive ratings of their goods or services. .

Netspend Credit Card Prepaid Card Review

Written by Spencer Tierney Senior Writer | Certificates of Deposit ethics, ethical banking, bank deposits Spencer Tierney is a consumer banking writer at NerdWallet. He has been writing about the personal financial sector since, with a focus on certificate of deposit and other banking-related issues. His work has been covered in The Washington Post, USA Today, The Associated Press and the Los Angeles Times, among others. He is located in Berkeley, California.

Updated February 10, 2021

Written by Alice Holbrook Assigning Editor | Banking, savings, and home buying products Alice Holbrook edits homebuying content at NerdWallet. She has covered personal finance topics for almost a decade and previously worked in NerdWallet's banking and insurance teams and also did some time on their copy desk. She is based in Ann Arbor, Michigan.

Many or all of the products we feature are from our partners who pay us. This impacts the types of products we write about and the location and manner in which the product is featured on a page. But, it doesn't affect our assessments. Our views are our own. Here's a list of and .

Netspend's prepaid debit cards are expensive alternatives to a checking account. They're easy to get and don't require a credit or banking history necessary to sign up, but Netspend makes you choose either a month-long fee or paying a charge each time you make a purchase. Whatever you choose, you'll incur more charges in a year than what you can earn in interest from your card's savings account. There's a reliable nationwide network of over 130,000 locations for cash reloads, but it isn't cost-free and you don't get free access to ATMs.

The best for:

Customers who require a card that won't allow you to be negative or charge overdraft charges, unless you opt into overdraft coverage.

People who have struggled managing their bank account in the past.

Click here to see more options Take a look at our list of

Netspend Card Pros

5.00 Savings account with APY 5% on balances of up to $1,000, and 0.50% APY on the amount over that.

Easy access to adding and withdrawing cash from the network of retail stores.

You can receive your pay up to 2 days in advance with direct deposit.

Grace period for overdrafts or courtesy cushion with the option of overdraft coverage.

Are you searching for ways to build credit instead? Find out more about

Netspend Card Cons

Monthly fee is steep for the base fee plan, and there is it is impossible to waive the fee completely.

Cash is not available on a free network for reloads or withdrawals.

Inactivity fee for when you cease using the card, among other charges that most prepaid cards don't have.

An optional overdraft option costs $20 per overdraft, maximum five times per month.

>> Ready to open the traditional savings option? Look over the

General information on pre-paid debit cards

What is a debit card that is prepaid?

A Prepaid debit card is a type of payment card that only allows you to spend the funds you deposit on the card. They aren't able to help you build credit. Similar to a debit card the prepaid card can be used with any store that accepts its payment network, which includes Visa, Mastercard or American Express. It's more secure and easier as opposed to cash. Most prepaid cards have an app that allows you to deposit checks and transfer money. Find out more about our .

As opposed to checking accounts, prepaid debit cards could not offer certain services like free ATM branches and checks, to name a few. If this doesn't suit you, take a look at our list of . If you've had trouble with banks before take a look at .

Prepaid debit card vs. debit card vs. credit card

Pay with prepaid debit cards in advance you load funds onto the card using cash, checks, direct deposit or the bank account before paying for transactions.

Debit cards -- pay now: You use money directly from a checking account when paying for purchases or withdrawing money from an ATM.

Credit cards -pay later: You borrow money from a bank each time you use your credit card. Then, you repay the loan later.

What is the procedure for FDIC insurance for prepaid cards work?

Prepaid debit cards almost always have FDIC insurance, which helps keep your funds protected in case the issuer goes under. Only financial institutions can be covered by FDIC insurance, which means a prepaid card is either controlled by a bank or a prepaid card company that partners with a bank to provide this insurance. You must sign up your debit card in a prepaid account with your name and other identification information in order to be eligible to receive FDIC insurance, as well as other security.

About the author: Spencer Tierney is a writer, and NerdWallet's expert for certificates of deposit. His work has been highlighted by USA Today and the Los Angeles Times.

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How Couples Can Work Together on Debt Repayment

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How Couples Can Work Together in Debt Repayment

If you brought credit card debt in your relationships, your partner could be your partner in becoming debt-free.

by Sara Rathner Senior Writer/Spokesperson | Travel rewards, credit cards and debt payments Sara Rathner is a NerdWallet expert in credit and travel. She has appeared in the "Today" show, as well as CNBC's "Nightly Business Report" as well as being quoted on The New York Times, The Washington Post, The Wall Street Journal, Yahoo Finance, Time, Reuters, NBC News, Business Insider and MarketWatch. Before joining NerdWallet, Sara worked at The Motley Fool for nearly 10 years. She was also an independent personal finance writer and paraplanner and has a bachelor's education in Journalism in journalism from Northwestern University.

Updated January 30, 2023 at 6:09 AM PST.

Editor: Kenley Young, Assigning Editor Credit scores, credit cards Kenley Young directs daily coverage of credit cards on NerdWallet. Prior to that, he worked as an editor on the homepage as well as a digital content producer for Fox Sports, and before that , a front page editor at Yahoo. He has a wealth of experience in digital and print media, with times as chief of the copy desk as well as a wire editor as well as a metro editor of the McClatchy newspapers chain.

Many or all of the items featured on this page are provided by our partners who pay us. This impacts the types of products we review and where and how the product appears on a page. However, this does not affect our opinions. Our views are our own. Here's a list and .

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Between helping financially his parents, and losing money because of COVID-19, Jeremy Mazza landed into serious . The relief came from a source that he wasn't expecting: his girlfriend, Ginna Lambert, who had received a modest inheritance. She suggested "investing" part of her bounty in their future by lending small amounts to Mazza that he could apply towards his obligations.

It took a little convincing.

"To be forced to request money, when I was the one who provided it and my parents were asking for money, I wasn't going to follow their example and take," Mazza says. "But that's not what this wasabout, this was a caring thing."

Mazza and Lambert took on the challenge with open communication and specific loan conditions. And for them, it's yielding results: Mazza estimates his went up by 150 points. The couple, who live in Richmond, Virginia, are getting married this year and hope to purchase a home soon as well.

"I had a very, highly, extremely vested interest in making sure my partner's credit score and finances were in as good of a condition as it was possible," Lambert says.

While joint debt is a shared responsibility but the individual debts that you bring into a relationship are ultimately yours to tackle. However, they could get in the way of making life plans together, so it could be beneficial that your spouse help you with the debt you have in some manner. Don't make an agreement of this type without having a strategy.

Make yourself vulnerable by reviewing the entire financial picture

It's essential to be open with each other regarding your financial situation especially when your relationship grows more serious.

"If couples are planning to wed, it's a good idea to talk to each other prior to getting married," says Trina Patel who is a Los Angeles-based senior financial advisor at Albert, a financial services company.

Set aside a few free money dates where you talk about what's going on for each of you. These conversations can aid you in establishing shared goals and determine the steps to take to achieve them, like making adjustments to your budget or finding ways to increase your income.

"Debt can often bring feelings of shame, guilt, and embarrassment leading couples to avoid discussing the debts they have," said Leanne Rahn who is a financial advisor with Fiduciary Financial Advisors in Grand Rapids, Michigan, via email. "Vulnerability is hard but rememberthat you and your spouse are a team."

Think about non-monetary ways to assist

You might not be able, or unwilling, to pay off your partner's debt. There are many options ways to help. You can be an accountability buddy, assist you rethink your budget for the family when you live together, or find ways to reduce your expenses in your shared spending.

Perhaps you can do more household chores so that your partner has time to pick up additional hours at work, or you can help them edit their resume in order to find a higher-paying job.

Discuss a financial arrangement

If you're comfortable with gifting or lending money to your partner to put toward the debts they have, you need to iron out the specifics. Specify dollar amounts and write the entire thing down.

Lambert For instance, Lambert started by offering a six-month loan that was interest free and costing $2000 loan in exchange for Mazza. As time went on, both were comfortable with further more substantial loans.

An attorney's help with a contract can help both parties feel more at ease.

"A legally binding agreement would definitely make the responsibilities of each spouse/significant other clear and straightforward with the law holding them accountable," Rahn says.

Know when to say 'no'

It's okay not to share the financial burden of someone else regardless of how much you care about them. When your marriage is relatively new or you're unsure of what the future holds however, you are able to still encourage your partner to keep going as they pay down their debt.

And if your partner won't take your "no" as an answer, take it as an option and take your time.

"I wouldn't have offered this even if we were in our honeymoon stage," Lambert says. "At the time we were already moving into our new home. He had proved, time and time again, that he was reliable."

The post was written by NerdWallet and was originally published by The Associated Press.

The author's bio: Sara Rathner is a NerdWallet travel and credit cards expert. She has appeared as a guest on "Today" show, Nasdaq and CNBC's "Nightly Business Report."

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ACE Elite Prepaid Debit Card Review

Advertiser disclosure You're our first priority. Each time. We believe everyone should be able to make sound financial decisions with confidence. While our website doesn't include every business or financial product available in the marketplace however, we're confident that the advice we provide as well as the advice we offer and the tools we create are independent, objective, straightforward -- and cost-free. So how do we make money? Our partners compensate us. This may influence which products we write about (and where those products appear on our website) However, it in no way affects our suggestions or recommendations, which are grounded in many hours of research. Our partners are not able to be paid to ensure positive review of their services or products. .

ACE Elite Prepaid Debit Card Review

Written by Spencer Tierney Senior Writer | Certificates of Deposit and ethical banking, as well as banking deposit accounts Spencer Tierney is a consumer banker at NerdWallet. He has covered the personal financial sector since, with a particular focus on certificates of deposit, as well as other banking topics. He has had his work covered in The Washington Post, USA Today, The Associated Press and the Los Angeles Times, among other publications. The location of his work is Berkeley, California.

Updated Oct . 1, 2018.

Edited by Amy Hubbard Amy is a former bank editor and copy editor for NerdWallet. She has previously worked as a writer and editor at and editor for the Los Angeles Times, the L.A. Daily News and the Hollywood Reporter, among other publications.

The majority or all of the items featured on this page are from our partners who pay us. This influences which products we review and where and how the product is featured on the page. But, it doesn't affect our assessments. Our views are entirely ours. Here is a list of and .

2.0 NerdWallet rating NerdWallet's ratings are determined by our editorial team. The scoring formulas are based on several data points per financial product and service.

for ACE Cash Express

It's possible that the ACE Elite prepaid debit card may cost more than it's worth. The card, administered through NetSpend and issued by MetaBank it comes with extra services that aren't on many other prepaid cards, such as an interest-paying savings account however the costs for the card can add up. If you're able to deposit direct, you can lower some charges. But there are .

Check out the following article for more information about the ACE Elite's charges and other services.

The best for:

Those who can't create a bank account, want to get direct deposits, and benefit from Savings feature.

Pros

Free to get the card online. And the sign-up process is straightforward. You'll need to provide your Social Security number when you register, but there's no credit check.

Discount on monthly fee. If you've at least $500 in direct deposits monthly (from government or payroll benefits) You can be included in the FeeAdvantage Plan that costs $60 a year.

It can take up to two days when you deposit direct. The government and businesses can pay you before the official payday however banks typically take longer to process your money. ACE Elite can process direct deposits faster, but it is contingent on the time they receive your cash in a timely manner.

Monthly plans do not have the expense of purchasing. The majority of prepaid debit cards do not charge fees for using the cards at shops however ACE Elite's pay-as you-go plan has a price of 1 cent per purchase. The card's two monthly plans however, let purchases remain free.

Three free reload options. Transfers online, directly from the bank account, from another ACE Elite card and mobile check deposits with 10-day processing are free. Transfers from bank accounts could be free, but it is dependent on the bank.

Savings account that offers 5% APY for first $1,000. This annual percentage yield is quite high but once you have reached $1,000, the interest rate is reduced to 0.50 percent APY on the remaining balance. It means that you will earn $50 in interest for the first $1,000, and $5 for the next $1,000 and the same rate for the following. If you have to pay a year's worth of charges, however, that cost alone might outweigh whatever you earn in interest.

>> See more options Take a look at our list of

Cons

The monthly fees are high. Prepaid debit cards typically charge a monthly amount of $5, in the average, however, ACE Elite's fees are $9.95.

Other charges. If you cease using your ACE Elite card for 90 days or ask for a check for the balance of your card and you're charged a $5.95 cost. There's also a fee to buy the card in stores for up to $9.95 as well as a one-time fee of $1 for transactions that have been declined as well as fees for certain calls to customer support.

There is no free withdrawal network available to customers. To withdraw cash in any ATM at a bank, it costs $2.50 every time.

It also has an overdraft feature that is available. One of the major selling points for most debit cards that are prepaid is not having overdraft fees when your account is in the negative. ACE Elite, like other NetSpend-managed credit cards, offers an overdraft program that comes with the option of a $15 fee for overdrafts and a maximum limit of three per month. This is cheaper than most banks' overdraft plans, but isn't the best choice to help you budget.

There's no way for you to add money manually that's quick. Online transfers can take days to process, and the option of processing mobile check deposits within minutes costs up to 2% or more for each check amount.

There is no free-reloading service. Cash reloads at retailers in NetSpend's Reload Network including CVS Pharmacy and 7-Eleven, are immediate, but they charge an additional cost, usually $3.95, that varies by store. Some locations don't charge, however there are many that charge.

A brief overview of debit cards for prepaid

What is a prepaid debit card?

A Prepaid debit card form of card that lets you use the funds that you put on the card. They do not help you build credit. Like a debit card, a prepaid card works with any retailer that accepts their payment network, such as Visa, Mastercard or American Express. It's safer and easier than cash. The prepaid cards usually have an app for mobile devices for depositing checks and transferring funds. Find out more in our guide to prepaid debit cards.

As opposed to checking accounts, debit cards that are prepaid may lack some services like free ATM or branch networks as well as checks, among other. If none of that appeals to you, see our list of the top checking accounts. If you've been struggling with banks before, check out second chance checking options.

Prepaid debit card vs. debit card vs. credit card

Prepaid debit cards -- pay prior to you load funds onto the card using cash or checks, direct deposit or the bank account before paying for transactions.

Cardholders with debit cards- pay now Pay now: You can use the funds directly from a checking account when paying to purchase or withdrawing cash from an ATM.

Credit cards -- pay later: You take money from a bank each time you use your credit card. Then, you repay the loan later.

How does FDIC insurance on Prepaid cards function?

Prepaid debit cards almost always have FDIC insurance, which ensures that your money safe in the event that the issuer goes under. Only financial institutions are eligible for FDIC insurance, so the prepaid card must be operated by a bank, or a prepaid credit card provider that is partnered with a bank in order to provide this insurance. It is necessary to register your debit card prepaid using your personal name as well as other information about your identity in order to qualify to receive FDIC insurance, as well as other security.

About the author: Spencer Tierney is a writer and NerdWallet's authority on certificates of deposit. He has had his work highlighted in USA Today and the Los Angeles Times.

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Gas prices are likely to continue climbing through 2022: Here's how to save at the pump Advertiser Disclosure Advertiser Disclosure We are an independent, advertising-supported comparison service. Our aim is to assist you make better financial decisions by offering you interactive tools and financial calculators that provide objective and original content. This allows users to conduct research and compare data for free and help you make informed financial decisions. Bankrate has partnerships with issuers, including but not limited to American Express, Bank of America, Capital One, Chase, Citi and Discover. How We Earn Money The deals that are displayed on this website are provided by companies who pay us. This compensation can affect the way and when products are featured on the site, such as for instance, the order in which they may be listed within the categories of listing, except where prohibited by law. This applies to our loans, mortgages,, and other home lending products. But this compensation does affect the information we provide, or the reviews that you read on this site. We do not include the entire universe of businesses or financial deals that may be open to you.

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Written by Rebecca Betterton Written by Auto Loans Reporter

Rebecca Betterton is the auto loans reporter for Bankrate. She is a specialist in helping readers with the details of taking out loans to purchase the car they want.

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People all over in the U.S. have been dealing with record-high prices for gas on the market this year. However, over the last month, despite a decrease in consumption, prices have started to decrease and give motorists a sigh of relief. The national average cost for a gallon of regular fuel is down to $4.13, . In the beginning of the month, gas prices were lower by 64 cents compared to one month ago. However, the damage has been done in a variety of ways, and gas prices remain far more expensive than they were one year ago. AAA found that many drivers have made substantial lifestyle changes to help cope with rising gas prices, including taking fewer trips, combining their errands and cutting down on eating out. Here are some other strategies to cut down on gas. Five ways to save money at the gas pump. If you want to save money on gas and pay less at the pump, you should consider making some changes to your usual driving. 1. Be aware of the speed limit. No whatever the fuel efficiency of your vehicle, driving within the speed limit can help save fuel. Your mileage will drop when you travel at speeds of more than 50 miles per hour. In addition to driving at the posted speed, it's a good idea to stay clear of extreme acceleration or braking that can lead to lower gas mileage. 2. Shop around for the cheapest alternatives before you go to the next gas station that you come across look up the cheapest alternatives in the vicinity. Download apps such as GasBuddy, Gas Guru and the AAA app to find out where the lowest gas costs are in your vicinity. 3. Stick with regular gas options unless your car requires premium gasoline, there is no reason to pay the extra cash to buy the highest-end choice. Sticking with regular gasoline will cost you about 50 cents per gallon -which is a tiny amount which can quickly add to. 4. Participate in a rewards program A lot of supermarkets offer rewards to drivers for filling up at stations. Some credit cards also offer points when used when you fill up at the pumps. If a traditional gas station is more your style you should look out for rewards options specific with the companies you like such as the one 7-Eleven offers. 5. Map out routes in advance to reduce the cost of fuel and time in the car, use apps like Waze to take an efficient path. Also , plan your route prior to time to ensure that you don't use up the fuel going back and forth to various regions. 6. Keep your tires at the proper pressure. If your tires are not properly inflated, they can affect your vehicle's gas mileage, which could reduce efficiency of your fuel. Ensuring your vehicle's tires are properly aligned can help improve the gas mileage of your vehicle. 7. Use cruise control Driving with cruise control will help you keep a steady speed, which can decrease the amount of gasoline that is used. 8. Reduce air conditioner use Using the air conditioner drains fuel more quickly due to the power needed by engines to operate it. Other ways to save money on vehicle costs It's true that the cost to power your car can be quite expensive, especially in the present it is made up of many factors. There are many other methods to save money while driving. Maintain your vehicle Keeping up to date on the is a great way to prevent any unexpected issues. Try to get your vehicle checked by a professional couple of times per year to prevent costly issues that could arise on the road. Reduce the time spent on long journeys. With more miles on your odometer mean many trips to the fuel station, but it also means more potential for mechanical issues. If you're able to steer clear of it, it isn't the best time for a long road journey. It might also be a good time to carpool or rely on public transportation if it's available. Find a lower cost insurance provider if you have had the same insurance for more than one or two years this could be a good time to shop around and see what other options are available. Make sure you compare multiple providers to ensure you are getting the best deal. Refinance your vehicle loan You might be able to get better terms and lower your monthly payment by . This is especially applicable if you have made improvements to the credit rating of your. Check your credit score to determine how you can save cash by refinancing. The volatility in gas prices is due to a combination of factors Even as prices have declined, the average cost for a gallon of gas remains $1 more costly than it was one year ago. In many areas, the cost for gasoline is well above $4, while California residents continue to pay higher than $5.50 per gallon. The high prices that the country is still facing are in part due to Russia's attack on Ukraine and resulting sanctions. The sanctions have resulted in an astronomical increase in the price for crude oil. It acts as the main ingredient used to power many automobiles. When the cost of crude oil increases, so do costs at the gas station. The bottom line when it comes to owning a car expenses can mount up - and the fluctuating cost at the pump can create a huge amount of discontent. Although gas prices are out the control of you, concentrate on the choices which you could make that will cut costs. The changes that you can make include searching for the lowest prices for gas in your area making sure you combine your errands with trips when possible and keeping your car in good condition.

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Budget, save, even Win Money With Today's Prepaid Debit Cards

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Save, budget, and even Make Money With Today's Prepaid Debit Cards

By Spencer Tierney Senior Writer | Certificates of Deposit and ethical banking, as well as banking deposit accounts Spencer Tierney is a consumer banking writer for NerdWallet. He has covered finances for individuals since the year 2013, with a particular focus on certificates of deposit, as well as other banking topics. His work has been covered in The Washington Post, USA Today, The Associated Press and the Los Angeles Times, among other publications. The location of his work is Berkeley, California.

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A majority of the products we feature come from our partners who pay us. This impacts the types of products we review and where and how the product appears on the page. But, it doesn't affect our assessments. Our opinions are our own. Here's a list and .

Back in 1999 in 1999, an entrepreneur Steve Streit created the first retailer-sold prepaid debit card, eventually known as Green Dot, as a way for teens to buy things online.

Prepaid cards have evolved in the past, and now they go beyond helping people spend to assisting them in the opposite way: budgeting and saving money. With features for budgeting that are customized or creative incentives that help make money more efficient, prepaid debit cards make it possible to manage your money smartly, without the bank.

>> If you're ready to evaluate cards, check out our list of .

Here's how prepaid debit cards could help you:

Get your budget under control

Prepaid debit cards feature the logo of the card network like Visa or Mastercard are accepted at retailers nearly everywhere and can be loaded with money regularly. Most don't require a credit check. However, they're not suitable for everyone. They are primarily for people who are looking for a new approach to budgeting or the replacement of a checking account.

The main benefit of prepaid cards is the lack of overdraft programs and their associated fees typically found on checking accounts. The balance of a card is a normal spending limit -- a card is typically declined with no fee, when there isn't enough for a purchase or payment.

Additionally the fact that more prepaid debit cards come with tools to set budgets or goals than they did before. Around 54% of the prepaid card market sampled had these tools in 2016, as compared to just 30 percent in 2014, according to . The samples included 19 cards from 2014, and 21 cards in 2016, and each sample represented 90 percent or more of the market for prepaid debit cards.

Like bank accounts, many prepaid debit cards give you access online and via mobile to your accounts , using features like mobile transfer of money and check deposit. But the more in-depth tools for budgeting on certain cards permit you to:

Set your own spending limits. Budgets can be created with spending categories like entertainment and clothing.

Visualize your purchase history. Some cards display pie charts or other images that help you categorize your purchases.

Create text and email alerts to be notified whenever you spend over a certain amount.

Use sub-accounts to manage different household costs. Designating one of your card's sub-accounts for one kind of expense, like food, makes it easier to put a cap on that spending.

Bluebird from American Express and Akimbo are two cards that provide five to six sub-accounts which are connected to a master account but with separate balances for each account and physical cards.

These cards can be used as an envelope system of today. One card can be used for shopping at the grocery store one for dining out and a fourth for holidays, and so on.

If you have kids Sub-accounts may grant them spending privileges , with an amount per card that you determine.

Make the most of your savings (and maybe win cash)

Budgeting is an effective method of managing money however, you may need an incentive to keep it up.

"Budgeting for the sake of budgeting isn't always effective," says Thea Garon, senior manager at the Center for Financial Services Innovation. With debit cards that are prepaid, she adds, it's best "when the experience of budgeting is linked to the financial experience, as well as aspirational objectives."

The Walmart MoneyCard that is offered through Green Dot Bank, has options for budgeting, including account alerts, but it stands out with its prize-linked savings program. In August, Wal-Mart as well as Green Dot added a monthly sweepstakes to the card's "vault." The vault is similar to an account for savings as you are unable to spend on that balance, without moving it to the card's balance for spending.

Saving money in the vault offers you the chance of winning a prize monthly: One dollar saved equals one entry into a sweepstakes contest which means you could win more than 500 chances to win. Every month there are 499 winners that get $25 and one winner who takes home the jackpot, $1,000.

"Especially in a low-interest market and the possibility of winning some money is exciting," says Mark Matthews who is the director of senior management at Walmart Services.

But the prize really isn't in the sweepstakesit's the motivation to save more money, and it's effective. The savings account's average balance increased by 35% between $413 and $572 during August through December. According to Walmart, about 175,000 people were enrolled in June. use of this Savings Vault on the MoneyCard has increased by 233% over the previous year.

"The purpose of this is to establish a useful mechanism and incentive for building up an amount of money over time to deal with emergency situations," he adds. Matthews pointed out that all savings were manually added since there's no automatic savings transfer on the MoneyCard.

Prepaid cards have seen a surge in popularity, however ...

In terms of a bank option as well as with more modern enhanced features, prepaid debit cards have gained popularity since Streit's 1999 inspiration. The number of payments using prepaid debit cards rose by 34% from 2009 to 2012 and 5.6% from 2012 to 2015, according to data from the Federal Reserve Payments Study in 2016. While growth has slowed in recent months however, these cards have a place in the pockets of millions Americans' pockets.

They are also secure and are getting safer. NerdWallet recently looked at 44 cards from the market, including major issuers and upstarts and found all cards to be insured. The prepaid cards are expected to go into effect in April of 2018.

However, this doesn't mean that the prepaid debit card is always the best option. Here are some reasons they may not be the right choice for you:

They don't help create credit. If you're looking to boost your credit score, consider the .

It's not the cheapest way to budget. Many cards have monthly charges -- the average from the NerdWallet analysis was $4.67. You can see a few of the below.

Some bank accounts have better incentive to invest in savings. Some online savings accounts have rates of interest in excess of one percent per year. There are new banks such as Chime that reward you by saving. Your debit card purchases get round to the nearest dollar, and then those cents are automatically transferred to a savings account. After every week, you'll earn a 10% bonus on all the cents that have been rounded that you earn, at least $500 per year.

Explore alternatives and compare interest rates

The author's bio: Spencer Tierney is a writer, and NerdWallet's expert on deposit certificates. The work of Spencer Tierney has been highlighted in USA Today and the Los Angeles Times.

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Guide How to Make Money Through Blogging

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Guide: How to Make Money Through Blogging

Earning money through a blog may require running ads or explore affiliate marketing or choose another route.

by Laura McMullen Assistant Assigning Editor Personal finance, financial information Laura McMullen assigns and edits the financial news content. She was previously a senior journalist at NerdWallet and was responsible for the process of saving, budgeting and making money. She also was a contributor to "Millennial money" column of The Associated Press. Prior to joining NerdWallet in 2015, Laura was employed by U.S. News & World Report which is where she created and edited articles on careers, wellness and education and also contributed to the rankings of the company. Prior to joining U.S. News & World Report, Laura interned at Vice Media and studied journalism, historical studies, along with Arabic in the Ohio University. Ohio University. Laura lives in Washington, D.C.

Updated Dec 14 2021

A majority of the products featured here are provided by our partners who pay us. This influences which products we write about and the location and manner in which the product is featured on a page. But, it doesn't affect our opinions. Our views are our own. Here's a list and .

You've got to be an entrepreneur for be able to blog. You may require selling ads, promote products as well as write your own e-book. We'll help you choose the most effective strategy for your needs.

4 ways to make money blogging

If your website is receiving decent traffic, consider using any of the strategies listed below. If your readers aren't big The first two strategies are likely to be more appropriate. In any case, using multiple methods to earn money can increase the chances to make money.

1. Display advertising

You've no doubt seen digital advertisements for cell phones credit cards, cell phones and many other items on the websites you've visited. Businesses can bid to display ads on your blog, as well, using a program such as Google Adsense. You can choose what types of ads to run and the locations on the blog they'll appear, and you get paid when a reader clicks the ads.

Calculating your earnings potential is tough, but this detailed guide to can help. This is the basic concept that your website receives 2,800 views over the course of a month, and 1.5 percent of visitors click on a display ad -- that's 42 clicks. If the advertiser bid $75 cents for each click you'll be paying about $30.

"For a new blogger who is just starting out, a $30 or $50 check can be the only motivation they need to keep up their blog and eventually reach those higher payouts," says Joseph Hogue writer of "Make Money Blogging."

How much can you make blogging? Here's what Google says

Google is the king of content. Your content, that is. Google determines if readers are able to locate your blog through a search, and pays you to place its ads on your blog.

However, Google also knows how much money you make from the traffic your blog generates. This is all disclosed in the form of a .

Here are some examples of what Google considers you likely to earn annually from ads for a blog located in North America with 50,000 monthly page views based on the following content categories:

Sports: $2,538.

Entertainment and Arts 337,372 dollars.

Autos and vehicles 5520$.

Beauty and fitness Fitness and beauty: $7,806.

Shopping: $8,400.

Travel: $8,460.

Food and drink The cost is $8,598.

Finance: $19,278.

Naturally, the greater your target audience, the greater revenue you earn.

2. Repurposed blog posts

You're already producing content So why not share it in another form? Turn your blog posts into chapters of an e-book, which you could sell on Amazon.

Self-publishing isn't likely to make you rich, but "it's an excellent source of earnings that are passive," Hogue says. It's possible to forget about the content after compiling it and posting it to Amazon. Just collect a payment in the near future and.

Furthermore, you already have the perfect marketing platform and a suitable audience -- your blog. Hogue advertises his e-books about investing and passive income on his personal finance blog, PeerFinance101.

If your content can be translated into video, then you can look into .

3. Affiliate marketing

If you frequently refer to products on your blog, look into affiliate marketing. Let's say you run a blog about smoothies: You can link to a specific blender selling on Amazon in one of your posts, and if a reader clicks on the link and purchases the blender, you'll earn a commission.

Hogue states that a single purchase could put between a few dollars to hundreds in your pocket. To find products and advertisers for your site, join an affiliate program including ShareASale, CJ Affiliate, FlexOffers.com, Rakuten Marketing or .

Affiliate marketing is a serious income generator for bloggers. In 2017, Hogue earned roughly $2,000 per month this way from two of his blogs. He has heard of other bloggers who make use of it to bring in the tens of thousands of dollars per month.

This technique is best suited for blogs that receive lots of visitors. The more people who read the blog is the greater chance that an individual will view the blog post and click on the link to purchase the item.

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4. Content that is sponsored

Through this method, businesses pay you a fixed price to create a post on their product. For instance you or a blender manufacturer could create the post on your website on a specific blender that could also include a link to a site where users can buy it.

Sponsored content may be difficult to obtain in the case of blogs that don't get lots of visitors. However, if you have the chance, Hogue says even authors of blogs with low traffic levels should ask for at least $100. Ask for more if you are required written the content by yourself. You could ask for just a few hundred dollars once your blog has more followers.

There are opportunities via ad networks or making contact with potential sponsors. It is possible to receive unwelcome emails offering cash to promote a article.

This strategy isn't suitable an option for every person. Some bloggers feel uncomfortable promoting a product for money since it can make them feel as if "they're basically a shill for a sponsoring company," Hogue says. He recommends only promoting products you've actually tried and recommend. The products must be relevant, too that's why you shouldn't gush about a carpet cleaner on your smoothie blog -except if you're at risk of spilling your drinks.

The key to making money from blogging is to earn

No matter the tactic you pick, earning money from blogging requires patience. You'll never be able to earn a decent amount until your blog gets significant traffic and appears prominently in Google search results, and this requires time. You must also be a student of the blogging business. Hogue follows "blogs on blogging" as well as sites that dig into search engine optimization.

In light of the effort needed to earn money through your website, it's best to choose a subject you love. "You're going to be talking a lot about it and, sometimes, that passion is your only motive for starting a blog," Hogue says

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Author bios: Laura McMullen writes about managing the money of NerdWallet. Her writing has been featured on The Associated Press, The New York Times, The Washington Post, and other publications.

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