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8 Tips to Maximize Your Tax Refund
Tax season is here! The IRS just announced that Monday, 1/23/23, was the first day they would begin accepting and processing 2022 tax year returns. The deadline to file is 4/18/23, so save the date on your calendars! If you plan on making some big purchases with your refund, you might want to read on…
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How this Startup is Making Credit Accessible to Everyone
It’s 2023, but is there still structural racism in the credit card industry? In a survey from 5000 Americans, studies found that BIPOC individuals reported having the lowest or no credit score. Though the disadvantage for BIPOC folks has played a significant role in lack of financial education and literacy, this hasn’t stopped them from…
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GenZ will spend $50 on a cup, but won’t pay off their high APR credit cards
Many of you may have heard of the infamous “Stanley Cup/Tumbler” trending all over TikTok. Consumers that have fallen prey to this trend seem to be GenZ, many posting cup reviews all over the app. Although the tumblers do have pretty rave reviews and seem to do the job, the cost of the cup is…
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American credit card debt continues to climb while GenZ is unaware of APR repercussions
According to Bankrate, 46% of credit card holders are currently carrying debt month-to-month due to inflation and paying for daily expenses. 50% of GenZ don’t know and don’t understand the APR linked to their debt. So what does this mean? With no real idea of when inflation will start to go down, many young adults…
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How to Get a Perfect 850 Credit Score
If you suffer from a low or (in many cases) no credit score, it may be quite difficult to achieve some of your personal financial goals. Some of these goals include: obtaining an auto loan, mortgage, or applying for any other types of loans. According to FICO’s most recent statistics, only 1.6% of 232 million…
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How to Financially Prepare Yourself During Layoff Season
How to Financially Prepare Yourself During Layoff Season 2022 saw a mass of layoffs from many companies, with tech at the forefront. Thousands of people were left unemployed, with many having to figure out how to survive the unexpected news, impacting them mentally and financially. More recent news of layoffs is the cryptocurrency exchange platform,…
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This startup helps you be credit card debt-free in 2023
Credit card debt, or any debt for that matter, can be a huge headache. No one likes to borrow money, especially if there is interest accruing on top of that. This New Year, make sure you are well organized and have a plan focused on your financial goals. SF based startup, TomoCredit, helps their users…
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6 Tips for First Time Credit Card Holders in 2023
It’s 2023 and you’ve finally decided to open a credit card. Congrats and welcome to the credit building family! We’re so proud of you for taking action towards your personal financial journey 🙂 TomoCredit wants to share with you 6 tips that will help you maximize your Tomo card: 1. Pay your bills on time. Luckily,…
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This startup says the #1 purchased item during SF Bay Area storm might surprise you…
If you or your friends and family live in the Bay Area, then you’ve probably been hearing a lot about the recent storm, leaving dozens of cities and cars flooded. Tomo’s data team gives an inside scoop on what their customers were spending during this near-record worst rain storm in 173 years — and the purchase item…
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Goodbye BNPL in 2022, Hello BNPN (Buy Now, Pay Now) in 2023!
BNPL has taken consumers by storm in the last few years. But these apps, like Klarna, Afterpay, etc. should not be expecting the same results from spenders in 2023. Consumers this new year are much more diligent and smart with how they spend their money. With more tools and education on financial literacy and startups,…
