Banking Archives - Golden Bowl Mobile

February 7, 2021

Most In-Demand Jobs for Bachelorâs Degree Holders â 2021 Edition

Image shows a person wearing business casual clothing and standing against an office wall with her arms crossed. In this study, SmartAsset analyzed data to identify the most in-demand jobs for bachelor's degree holders.

Jobs requiring a bachelorâs degree or higher level of education for entry are often more insulated from unemployment than others. During the COVID-19 pandemic, total unemployment for individuals 25 years and older spiked to 13.1% in April 2020. However, the highest unemployment rate over the past year for bachelorâs degree holders 25 and older was 8.4% in April 2020. As of November 2020, the national unemployment rate was 6.7% â 2.5 percentage points higher than the unemployment rate for bachelorâs degree holders.

Some jobs for bachelorâs degree holders may be even more insulated from economic changes as demand is high. In this study, we investigated the most in-demand jobs for bachelorâs degree holders. We compared a total of 131 occupations across four metrics: percentage change in average earnings from 2018 to 2019, percentage change in employment from 2018 to 2019, projected employment change from 2019 to 2029 and projected percentage change in employment from 2019 to 2029. For details on our data sources or how we put all the information together to create our final rankings, check out the Data and Methodology section below.

This is SmartAssetâs third annual study on the most in-demand jobs for bachelorâs degree holders. Check out the 2020 rankings here.

Key Findings

A list similar to last year. Almost half of the 10 most in-demand jobs for bachelorâs degree holders in 2021 were in our top 10 last year. They are computer and information systems managers, information security analysts, interpreters & translators and medical & health service managers. Of those four occupations, interpreters & translators saw the biggest jump between the two years, moving down five spots from first to sixth.
More than 30% growth expected in two occupations. On average across the 131 occupations in our study, employment is expected to grow by 5.0% between 2019 and 2029. But the expected growth is more than six times higher for two occupations â information security analysts and medical & health service managers. The Bureau of Labor Statistics (BLS) predicts employment increases of 31.2% and 31.5% for those two occupations, respectively, between 2019 and 2029.

1. Producers and Directors

The producer and director occupation ranks in the top quartile of our study for all four metrics we considered. Between 2018 and 2019, employment of producers and directors grew by almost 9%, while average earnings rose by about 5%. Moreover, the BLS projects the occupation will continue to grow. According to their estimates, the number of producers and directors will increase by 16,000, or 10.0%, from 2019 to 2029.

2. Computer and Information Systems Managers (tie)

The computer and information systems manager occupation ranks in the top 15% of occupations for three of the four metrics in our study. The occupation saw the ninth-largest percentage increase in employment from 2018 to 2019, growing by 10.87%. Between 2019 and 2029, the BLS expects it will grow by another 10.4%, adding 48,100 workers. Across all 131 occupations, that is the 19^th-highest percentage increase and ninth-largest gross increase in workers.

2. Agents and Business Managers of Artists, Performers and Athletes (tie)

The occupation of agent and business manager for artists, performers and athletes ties with computer and information systems manager as the No. 2 in-demand job for bachelorâs degree holders. Between 2018 and 2019, average pay for agents and business managers for artists, performers and athletes grew by almost 7%, the seventh-highest rate across all 131 occupations. Over the same time period, employment grew by 15%, second-highest in our study for this metric.

4. Information Security Analysts

Information security analyst is the fourth most in-demand job for bachelorâs degree holders, moving up from fifth place last year. Though average earnings grew at a comparable pace year-over-year, employment increased sharply in this profession. BLS estimates show that information security analyst employment increased by 16.20%. There were about 108,100 information security analysts in 2018 and almost 125,600 in 2019.

5. Actuaries

Most actuaries work for insurance companies, assessing the financial costs of risk and uncertainty. Between 2018 and 2019, average earnings for actuaries grew by 4.06% â the 15^th-highest one-year earnings increase in our study. Additionally, between 2019 and 2029, employment for this occupation is expected to grow by another 17.6%, the seventh-largest percentage change in employment in the study.

6. Interpreters and Translators

According to BLS employment projections, the number of interpreters and translators in the U.S. is expected to increase by 20.0% between 2019 and 2029, a top-five rate in our study. With that projected percentage change, employment will grow by roughly 15,500 workers, a top-30 rate. Most recently, from 2018 to 2019, average earnings for interpreters and translators grew by 3.20%, the 25^th-highest rate for this metric in the study.

7. Fundraisers

The occupation of fundraiser ranks in the top third of all 131 occupations for three of the four metrics we considered. Between 2018 and 2019, employment grew by 7.87%, the 19^th-highest rate. Looking forward, total employment of fundraisers is expected to grow by 14,400, or 14.3%, over the next 10 years â the 30^th-largest gross increase and 11^th-highest percentage increase.

8. Medical and Health Service Managers

Medical and health service managers plan and coordinate the business activities of healthcare providers. Average earnings for medical and health service managers are high and growing. In 2018 and 2019, average earnings for workers in the occupation stood at $113,730 and $115,160, respectively. Additionally, across the 131 occupations in our study, BLS expects the profession to have the third-largest gross employment increase (133,200 workers) and highest percentage employment increase (31.5%) over approximately the next decade.

9. Athletic Trainers

Between 2019 and 2029, the occupation of athletic trainer is expected to grow by 16.2%, the ninth-highest rate for this metric in our study. Athletic trainers may also see their earnings continue to grow over time. Between 2018 and 2019, average earnings for athletic trainers increased by 2.56% from about $49,300 to more than $50,500.

10. Compensation, Benefits and Job Analysis Specialists

Compensation, benefits and job analysis specialist rounds out our list of the top 10 most in-demand jobs for bachelorâs degree holders. Average earnings for compensation, benefits and job analysis specialists grew by 2.84% between 2018 and 2019, 33^rd-highest in our study. The occupation ranks within the top third of the study for the other three metrics as well. It had the 26^th-highest percentage change in employment from 2018 to 2019 (6.88%), the 43^rd-greatest projected gross employment change from 2019 to 2029 (7,500) and the 28^th-highest projected percentage employment change from 2019 to 2029 (7.9%).

Data and Methodology

To find the most in-demand jobs for bachelorâs degree holders, we looked at data for 131 occupations that the BLS classifies as typically requiring a bachelorâs degree for entry. We compared the 131 occupations across four metrics:

Percentage change in average earnings from 2018 to 2019. Data comes from BLS Occupational Employment Statistics and is for May 2018 and May 2019.
Percentage change in employment from 2018 to 2019. Data comes from BLS Occupational Employment Statistics and is for May 2018 and May 2019.
Projected employment change from 2019 to 2029 (gross figure). This is the projected change in the total number of people employed in an occupation from 2019 to 2029. Data comes from the BLS 2019 Employment Projections.
Projected employment change from 2019 to 2029 (percentage change). This is the projected percentage change in the number of people employed in an occupation from 2019 to 2029. Data comes from the BLS 2019 Employment Projections.

We ranked each occupation in every metric, giving a full weighting to all metrics. We then found each occupationâs average ranking and used that to determine a final score. The occupation with the best average ranking received a score of 100 while the occupation with the worst average ranking received a score of 0.

Tips for Making Educated Choices With Your Earnings

Invest early. With relatively high income and earnings, many bachelorâs degree workers may be able to have an early retirement. To do this, it is important to take advantage of compound interest by investing early. Take a look at our investment calculator to see how your investment in a savings account can grow over time.
Contribute to a 401(k). A 401(k) is an employer-sponsored defined contribution plan in which you divert pre-tax portions of your monthly paycheck into a retirement account. Some employers will also match your 401(k) contributions up to a certain percentage of your salary, meaning that if you chose not to contribute, you are essentially leaving money on the table. Our 401(k) calculator can help you determine what you saved for retirement so far and how much more you may need.
Consider professional help. A financial advisor can help you make smarter financial decisions to be in better control of your money. Finding the right financial advisor that doesnât have to be hard. SmartAssetâs free tool matches you with financial advisors in your area in five minutes. If youâre ready to be matched with local advisors that will help you achieve your financial goals, get started now.

Questions about our study? Contact us at press@smartasset.com.

Photo credit: Â©iStock.com/martin-dm

The post Most In-Demand Jobs for Bachelorâs Degree Holders â 2021 Edition appeared first on SmartAsset Blog.

Source: smartasset.com

February 6, 2021

CIT Bank Locations? Where Are They?

CIT Bank locations: are there any near me?

CIT Bank is an online only-bank, so, unfortunately, they do not have any physical locations.

However, if you’re looking to know how to open a CIT Bank account beyond wondering if they have a location what are their current products and offers, then you have come to the right place.

*TOP CIT BANK PROMOTIONS*
PROMOTIONAL LINK	OFFER	REVIEW
CIT Bank Money Market	1.00% APY	Review
CIT Bank Savings Builder	0.95% APY	Review
CIT Bank CDs	0.75% APY 1 Year CD Term	Review
CIT Bank No Penalty CD	0.75% APY	Review

CIT Bank Locations

CIT Bank has one office. It’s their headquarters located in southern California in Pasadena.

The address is: 75 North Fair Oaks Ave, Pasadena, California 91103. However, you cannot just walk in there to do business, opening an account, etc.

There is also no ATMs. Everything is done online.

With their “echecking” account, CIT Bank will provide you with a card where you can use it at another bank’s ATM.

However, CIT bank does not charge you any ATM fee. And if the bank charges you a fee, CIT Bank will reimburse you up to $15 every month.

CIT Bank’s Products & Current Promotions

While CIT Bank has no physical locations, it’s a great bank for those who are willing to have their savings online.

So, if you’re looking to have access to branches, then CIT Bank is not for you.

CIT Bank offers high yield savings accounts, money market accounts and CD accounts. They also have an “echecking” account.Â

SAVINGS ACCOUNT CIT Savings Builder – Earn 0.85% APY. Here’s how it works: Make at least a $100 minimum deposit every month. Or Maintain a minimum balance of $25k. Member FDIC. Click Here to Learn More.

They offer competitive APYs, especially on their Savings Builder account, which is almost 20 times more than what a typical savings account would offer.

The money market account is also very competitive, but it does not offer checking-writing privileges or a debit card.

Their CDs also provide higher yields, offering both a fixed and variable-rate, including a no-penalty CD.

CIT Bank Savings Builder

Because CIT Bank has no locations, CIT Bank Savings Builder accounts are offered online, where you can earn a competitively high yield.

The CIT Bank Savings Builder will allow you to earn 0.85% APY, but only if you make at least one monthly deposit of $100 or more.

Or, if you keep a balance of at least $25,000. Interest in this high-yield savings account compounds daily to boost your earning.

Click here to learn more about CIT Bankâs Savings Builder.

CIT Bank Money Market Account

The CIT Bank money market account is one of the best ones out there. Currently, the money market account offers a 1.0% APY.

This is very competitive comparing to other MMAs. Moreover, CIT Bankâs MMA has a required account minimum of only $100.

Open a CIT Bank Money Market Account.

CIT Bank Certificate of Deposits (CDs)

CIT Bank has several terms CDs, which range from 6 months to 5 years.

There is also a no penalty 11-month term, where customers can withdraw money with no penalty.

CIT Bank also offers jumbo CDs, ranging from two to five years. You can open a term CD, including the no-penalty CD, with a minimum of $1,000.

The Jumbo CDs require a minimum of $100,000.

Click here to learn more about CIT Bank CDs.

Contacting CIT Bank

Given that CIT Bank has no locations, the best way to speak with a representative is by telephone or online.

For online, simply go through their homepage.

By telephone, call 1) 855-462-2652 (within U.S.) and 626-535-8964 (outside U.S.).

Customer service is available from Monday through Friday from 9:00 a.m. to 9:00 p.m. ET; on Saturday from 10:00 a.m. to 6:00 pm ET.

They closed on Sunday.

Advantages and disadvantages of CIT Bank Savings Accounts

Advantages:

No monthly fees on deposit accounts;
a minimum deposit requirement of $100;
Refunds ATM fees â because the bank does not have ATMs, it does not charge customers who use another bankâs ATMs. And if there is a fee, CIT will refund you up to $15 per month.

Disadvantages:

No CIT Bank physical locations or ATM;
No 24/7 customer support â as with all high yield savings accounts, most inquiries are handled online. While live telephone is available, hours are limited.

How to open a CIT Bank Savings account?

As mentioned above, CIT Bank has no physical locations. So to open an account, simply go online through the CIT Bank homepage, and create the account there.

Youâll need to provide your name, address, phone number, and ID. Youâll also need to provide your social security number.

Note that CIT does not have any branches. Everything must be done online.

If youâre opening a CIT Bank Builder Savings account, you will need to make an initial minimum deposit of $100.

Bottom Line

CIT Bank has no locations. So, everything is done online. CIT Bank offers competitive rates on its products. Its Saving Builder account is one of the most popular accounts out there, offering a 0.85% APY. This yield is 15 to 20 times higher than what a regular savings account offer.

Speak with the Right Financial Advisor

If you have questions beyond CIT Bank locations, you can talk to a financial advisorÂ who can review your finances and help you reach your goals (whether it is making more money, paying off debt, investing, buying a house, planning for retirement, saving, etc). Find one who meets your needs withÂ SmartAssetâs free financial advisor matching service. You answer a few questions and they match you with up to three financial advisors in your area. So, if you want help developing a plan to reach your financial goals,Â get started now.

*TOP CIT BANK PROMOTIONS*
PROMOTIONAL LINK	OFFER	REVIEW
CIT Bank Money Market	1.00% APY	Review
CIT Bank Savings Builder	0.95% APY	Review
CIT Bank CDs	0.75% APY 1 Year CD Term	Review
CIT Bank No Penalty CD	0.75% APY	Review

The post CIT Bank Locations? Where Are They? appeared first on GrowthRapidly.

Source: growthrapidly.com

February 6, 2021

Parking Options When Your Community Doesn’t Have a Parking Lot

Parking is an amenity that some people don’t even think about when looking to rent an apartment. But if you want the convenience of a covered garage or a guaranteed spot for your vehicle, it has to be part of your must-haves.

When a space is not included, then it becomes a much bigger deal. Do you live in an apartment complex that doesn’t have a parking lot? No worries, we’ve got a few options for you to consider.

1. Street parking

street parking

Depending on where you live, street parking may be an available option at no cost to you. While it may be free, it’s often on a first-come, first-serve basis. This means you’ll have to try your luck and find an open parking spot.

Know ahead of time that some street parking will cost you. Think metered spaces or a permit for a block or specific neighborhood. More often than not, time restrictions on parking will be part of the deal.

Keep an eye out for signs posted with instructions. Pay attention to avoid getting a ticket, having your car booted or towed.

2. Garage or lot parking

garage parking

If your complex or apartment building doesn’t have its own garage, then paid parking in a nearby garage is an option. Or, a parking lot within walking distance of your home. Parking lots are most common near shops, bars and restaurants, according to the Parking Network.

There are parking lots that are open throughout the year, but some are also improvised. Think of when you’ve gone to an event. Where do people park for a music festival that only happens once a year? There might be an open nearby meadow for parking, for example.

Paid parking lots and garages sometimes include a parking attendant. Gated entries require a ticket to enter and leave, or a machine to pay the parking fee. For this type of parking, you’re usually charged for the amount of time that you park. If your car is there for more than a few hours, you may incur a flat fee for daily parking.

When parking in an area that requires you to take a ticket, be sure to hold onto the ticket to leave. If you lose the ticket, you may pay a flat fee, which could be more than the cost of the time you actually parked in the space.

It’s a good idea to shop around for the best rate since costs vary from garage to lot. While comparing rates, look at whether it is cheaper to pay for daily vs. hourly parking.

3. Parking apps

parking app

Source: Parknay

Parking apps are one answer, especially in a lot of urban locales. Searching for and paying for parking has become easier because of parking apps. Some apps even let you make a reservation and will provide instructions on how to redeem parking at the garage.

Parknav is an app that offers real-time predictive street parking in more than 200 cities. Search the app for an address. Parknav displays a map with nearby streets. These streets are color-coded according to the likelihood of finding parking there.

That’s only one app out of many that help you find parking. Some apps are city-specific and there are even a few that help you save money. A quick search on your phone’s app store will give you a list of useful parking apps.

4. Ditch the car for public transportation

public transportation

Although it may not be ideal for everyone, public transportation is an option. Do you live in a transit-rich city? If you live in an area that’s easily accessible by mass transit or has everything you need within a short distance, you can always sell your car and use the bus, subway, train, bike or walk.

This option may save you money and will remove the stress of having to find parking. There’s a huge variation among different cities in the price of parking.

Park wisely

Parking is a problem when you live in an apartment without dedicated spaces. It’s also an issue when you’re a two-car family and you’ve only got one reserved space. Street parking could be lacking where you live. Especially in urban areas.

Some cities want to require the unbundling of parking space rentals from housing lease agreements, reports the Seattle Transit blog, which could lead to lower rents! Whatever the case, try to avoid parking in areas that are not well lit at night, block driveways or are in prohibited areas.

If you find that parking is important to you, keep this in mind for future apartment searches. But even if your apartment complex doesn’t have a parking lot, don’t stress. Just look around and know that you have options.

The post Parking Options When Your Community Doesn’t Have a Parking Lot appeared first on Apartment Living Tips – Apartment Tips from ApartmentGuide.com.

February 3, 2021

Cities Where Residents Have the Worst Commutes â 2021 Edition

worst commutes

How far you live from work, school and other places you frequent can cost you time, money and health. The U.S. Census says that the average commute takes Americans 27.6 minutes each way. Thatâs more than 240 hours annually, if you commute twice every workday in 2021. And now that many people have cut back their commutes by working from home during the COVID-19 pandemic, you might be thinking about how to save money by carpooling or biking, or you might consider moving to shorten the commuter distance. In either case, SmartAsset examined the largest cities in America to uncover the worst commutes in 2021. Find out how your commute measures up against them.

We compared data from the 100 largest U.S. cities and ranked the worst commutes by six key metrics: commuters as a percentage of workers, average travel time to work, five-year change in average travel time, percentage of workers with a commute of more than 60 minutes, five-year change in percentage of workers with a commute of over 60 minutes, and transportation as a percentage of income. For details on our data sources and how we put all the information together to create our final rankings, check out the Data and Methodology below.

This is SmartAssetâs second study on the worst commutes in America. Check out the 2020 version here.

Key Findings

California leads the country as the state with the worst commutes. Eight out of the 11 cities on this list are located in the Golden State, averaging 33.6 minutes in travel time to work. Commuters in those cities need twice as long as those with the shortest commute â in Lubbock, Texas, which averages a little more than 16 minutes on a trip to work.
The overwhelming majority of workers in America are commuters. On average, 94.3% of workers in the 100 largest U.S. cities are commuters, based on the most recently available Census data from 2019. Scottsdale, Arizona has the smallest percentage of commuters, but it still has 82.1% of its workers traveling to their jobs. Newark, New Jersey has the highest percentage, with 98% of workers averaging almost 35 minutes commuting.
The Midwest still offers better commutes. Cities in Northeastern, Southern and Western states tend to rank in the worst third of the study for their less-than-ideal commutes. While Chicago, Illinois and Cincinnati, Ohio crack the top 35 cities with the worst commutes, all other Midwestern cities rank in the bottom half of the list for their relatively short commutes.

1. Riverside, CA

Ranked as the worst commuting city in America, Riverside, California takes the greatest toll on its workers in transit, with 18.6% of them averaging more than 60 minutes on a trip to work. And data shows that commutes are getting longer, with a 3.7% five-year increase (2014 to 2019) in workers traveling for more than one hour. Riverside commutes average 33.9 minutes each way, and this travel time has also increased 13.38% over the same five years.

2. Stockton, CA

Ranking second-worst, Stockton, California saw an increase of 18.68% in average travel time over the five-year period from 2014 to 2019. Data shows that 17.8% of workers in this Central Valley city average more than 60 minutes on their commute to work, the fifth-highest percentage for this metric across all 100 cities we studied. The average travel time for residents there is 32.4%, ranking 11^th overall.

3. Hialeah, CA

Commute times in Hialeah, Florida, a Miami suburb, have spiked more than any other city in the study with a 26.81% jump between 2014 and 2019. Hialeah has also seen the biggest percentage 2014-to-2019 increase for workers commuting longer than 60 minutes, a 6.1% uptick. However, it is important to note that the cityâs percentage of commuters is relatively small: With just 91% of all workers traveling to work, this city ranks 90^th out of 100 for this metric in our study.

4. Glendale, AZ

Between 2014 and 2019, the number of workers in Glendale, Arizona with commutes longer than an hour increased 5.6%. This is the second-highest uptick for this metric overall. The percentage of workers with a commute longer than 60 minutes is 12.1%, ranking 16^th-highest out of 100. Data shows that with 94.9% of Glendale workers commuting, they average 31.5 minutes on each trip.

5. Los Angeles, CA

Los Angeles, California has seen a five-year (2014 to 2019) increase of 3.3% in workers commuting longer than 60 minutes, the ninth-biggest jump for this metric in the study. With 93.5% of the workforce commuting, 15.4% of Angeleno workers need more than one hour each way to their jobs, the 11^th-highest percentage for this metric overall. That said, they only spend 7.91% of their income on commuting, ranking 77^th out of 100 for this metric.

6. Oakland, CA

Workers in Oakland, California average 34.4 minutes on each trip to work, the seventh-longest travel time in the study. Oaklanders also rank seventh-highest for the percentage of workers with trips longer than 60 minutes, with 16% of them making treks longer than an hour to the office in 2019. However, Oakland has one of the cheapest commutes, as workers there spend only 5.45% of their income on travel to work, the fourth-lowest rate for this metric overall.

7. Fremont, CA

Fremont, California has seen a 4.3% increase in five years for workers commuting longer than 60 minutes on each trip, the fifth-highest in the study. Residents there also have the third-longest travel time, averaging 36.4 minutes on each commute, and the second-largest proportion of the workforce commuting longer than one hour, at 20.2%. Fremont workers, however, spend only 5.45% of their income on travel to work, tying for fourth-lowest for this metric.

8. San Jose, CA

Located in the heart of Silicon Valley, San Jose, California has the most affordable transportation on our list. Workers there spend only 5% of their income on travel to work. Despite those relatively low costs, San Jose still ranks as the eighth-worst commuting city on our list. Workers average 31.7 minutes on each commute, and they have seen a 14.44% increase in travel time over the five-year period from 2014 to 2019. Data also shows that San Jose has seen a 4.8% increase over that time period in commuters traveling more than one hour per trip.

9. San Francisco, CA

San Francisco, California averages 34.7 minutes on each commute, the sixth-longest travel time in the study. The Bay Area city also has one of the largest groups of workers commuting the longest, with 15.7% needing more than 60 minutes to commute one way. That said, San Francisco workers have a relatively affordable commute, as residents there spend only 5.45% of their income on travel for work. The city ties for fourth-lowest out of 100 for this metric.

10. New York, NY (tie)

New York City ties with Long Beach, California for the final spot in the 11 cities where residents have the worst commutes. The average travel time for New Yorkers is 41.7 minutes, the longest travel time in our study. New York City also has the highest percentage of workers who travel more than 60 minutes each way, at 27.2%. Despite the duration, the city ranks 16^th-lowest out of 100 for transportation costs, with workers spending less than 8% of their income on commuting.

10. Long Beach, CA (tie)

Long Beach, California ties with New York as the 10^th-worst U.S. city for residentsâ commutes. Residents there have seen a 2.1% increase over the five-year period from 2014 to 2019 in the number of workers traveling more than one hour to work each day. Long Beach has the 12^th-longest commute on our list, averaging 32 minutes for each trip. And 14.9% of the workforce is traveling for longer than 60 minutes during each trip, the 12^th-largest for this metric in the study.

Data and Methodology

To find the cities with the worst commutes, we compared the 100 largest cities in the country across the following metrics:

Commuters as a percentage of workers. Data comes from the Census Bureauâs 2019 1-year American Community Survey.
Average travel time to work in 2019. Data comes from the Census Bureauâs 2019 1-year American Community Survey.
Five-year change in average travel time. Data comes from the Census Bureauâs 2019 and 2014 1-year American Community Surveys.
Percentage of workers with a commute of longer than 60 minutes. Data comes from the Census Bureauâs 2019 1-year American Community Survey.
Five-year change in percentage of workers with a commute of longer than 60 minutes. Data comes from the Census Bureauâs 2019 and 2014 1-year American Community Surveys.
Transportation as a percentage of income. Data comes from the Census Bureauâs 2019 1-year American Community Survey and the March 2020 MIT Living Wage Study.

First, we ranked each city in each metric. We then found each city average ranking, giving all metrics an equal weight except for average travel time, which received a double weight. Next, we ranked the cities based on this average, giving the city with the highest average an index score of 100 and the city with the lowest average an index score of 0.

Tips for Managing Your Money While on the Go

Locate a one-stop shop for expert financial support. Need something to do on a long commute? Think about finding a financial advisor. Finding the right financial advisor that fits your needs doesnât have to be hard. SmartAssetâs free tool matches you with financial advisors in your area in five minutes. If youâre ready to be matched with local advisors that will help you achieve your financial goals, get started now
Take a new route in your budget management. If transportation is eating up a lot of money, consider creating a budget using SmartAssetâs free budget tool.
Plan your road to retirement. Itâs never too early â or too late, for that matter â to start saving as much as you can for retirement. Get ready for your golden years by saving using a 401(k) or other workplace retirement plan.

Questions about our study? Contact press@smartasset.com.

Photo credit: Â©iStock.com/simonkr

The post Cities Where Residents Have the Worst Commutes â 2021 Edition appeared first on SmartAsset Blog.

Source: smartasset.com

February 2, 2021

Advantages And Disadvantages of Money Market Accounts

Saving money in a place like a money market account can assure that the money will be there safely when you need it. A money market account is an alternative to savings account, and usually pays more interest rate than a savings account.

See, Money Market Vs. Savings Accounts: What’s The Difference.

Overall, money market accounts are worth it, especially if you’re saving for a short-term goal. However, like any investments, there are some disadvantages to money market accounts.

In this article we will address three main things: what is a money market account and what are the advantages and disadvantages of money market accounts.

*TOP CIT BANK PROMOTIONS*
PROMOTIONAL LINK	OFFER	REVIEW
CIT Bank Money Market	1.00% APY	Review
CIT Bank Savings Builder	0.95% APY	Review
CIT Bank CDs	0.75% APY 1 Year CD Term	Review
CIT Bank No Penalty CD	0.75% APY	Review

What is a money market account?

Before we get to the advantages and disadvantages of money market accounts, it’s best to define what a money market account is.

A money market account is an interest bearing account that you can open at a bank or credit union. It is more like a savings account, though there are some key differences.

Money Market Accounts Advantages and Disadvantages.

Advantages

Let us consider the advantages of money market accounts.

Interest rate: The main benefit of a money market account is that the interest rate is much higher than that of a regular savings account. For example, CIT bank offers a money market account with 1.00% APY. Whereas the interest rate for a typical savings account is anywhere around 0.10%. MMAs interest rates are similar to those of certificate of deposits. The main difference, however, with a CD you earn a fixed interest for a fixed amount of time. And CD rates are higher than MMAs. And a penalty may apply if you withdraw your money early.

FDIC Insured. One of the benefits of money market accounts is that they are FDIC insured. Your money is secured by the federal government of up to $250,000. If you have more money than that, then you will need to open another account so all of your money can be protected.

To recap, money market accounts are FDIC insured, they offer higher interest rates than savings accounts, and they permit check writing privileges. Despite these many advantages, money markets also have disadvantages.

What are the disadvantages of a money market account?

Minimum balance: Most money market accounts require a minimum deposit account of $1,000. Although, that’s not a big amount, it may not be feasible for a young saver. Plus, a penalty will apply if your balance falls below the minimum requirement.

Limited check writing: While MMAs offer check writing privileges, there is a limit. With a money market account, you can only write six checks per month against your balance, which can be a disadvantage if you pay a lot of bills every month. So, money market accounts are a disadvantage for those who need to write more than six checks per month.

Account fees: Another disadvantage of money market accounts is the fee. If you donât maintain the required minimum balance, a fee will apply. So, maintaining the minimum balance is important because any fee will eat out your interest or earnings.

Taxes: Taxes are another disadvantage of money market accounts. You will pay taxes on whatever interest you earn in a MMA.

Inflation: just like taxes and account fees can reduce your interest, inflation can do the same thing. Let’s suppose you generate a 3% return on your money market account per year, and the inflation is 4%. That can impact your total return significantly.

Best Money Market Accounts

CIT Bank Money Market Account

The CIT Bank money market account is one of the best ones out there. Currently, the money market account offers a 1.0% APY.

This is very competitive comparing to other MMAs. Moreover, CIT Bankâs MMA has a required account minimum of only $100.

Open a CIT Bank Money Market Account.

Bottom line:

While money market accounts offer several benefits, there are disadvantages as well. The main disadvantages are that the minimum balance can be high for a young investor. Moreover, taxes and account fees can eat away whatever interest you might earn.

Related:

7 Best Short-Term Bonds to Buy in 2020
Vanguard CD Rates: How Much Can You Earn
Grow Your Money: Mutual Funds & CDs

Speak with the Right Financial Advisor

If you have questions about your finances, you can talk to a financial advisor who can review your finances and help you reach your goals (whether it is making more money, paying off debt, investing, buying a house, planning for retirement, saving, etc).
Find one who meets your needs with SmartAssetâs free financial advisor matching service. You answer a few questions and they match you with up to three financial advisors in your area. So, if you want help developing a plan to reach your financial goals, get started now.

*TOP CIT BANK PROMOTIONS*
PROMOTIONAL LINK	OFFER	REVIEW
CIT Bank Money Market	1.00% APY	Review
CIT Bank Savings Builder	0.95% APY	Review
CIT Bank CDs	0.75% APY 1 Year CD Term	Review
CIT Bank No Penalty CD	0.75% APY	Review

The post Advantages And Disadvantages of Money Market Accounts appeared first on GrowthRapidly.

Source: growthrapidly.com

February 2, 2021

What to Expect in Apartment Living in 2020

As the Bob Dylan song goes, the times, they are a-changin’, and that couldn’t be truer than for apartment living.

Renting used to be a lower rung on the ladder as you climb toward the American dream â owning a single-family home in the suburbs. But as homes increase in cost and competition, renting is on the rise.

According to Harvard’s Joint Center on Housing Studies 2017 rental-market report, the number of high-income households (earning at least $100,000) renting their homes rose by 6 percent from 2005 to 2016. As a result of this increase, apartment complexes have added more amenities to appeal to the influx of renters. The same study found that in 2016, 89 percent of new apartments offered in-unit laundry and 86 percent provided swimming pool access.

This is only the tip of the iceberg. Today’s apartment complexes are not what they used to be, and apartment living is significantly nicer and more desirable than it was just 10 years ago. Here’s what you can expect for modern apartment living in 2020.

1. High-end amenities

indoor pool

Forget the bare-bones coin-operated laundry room and trash dumpster in the back parking lot or basement. According to NMCH’s 2018 Consumer Housing Insights Survey, 83 percent of adult and millennial renters said it was important to have an apartment that offered convenience and flexibility. Additionally, fast internet access, technology, and green initiatives are now considered must-haves for modern apartments.

To keep up with the competitive rental market, apartment complexes are upping the ante when it comes to amenities. In-unit laundry and pool access are quickly becoming par for the course, while many luxury complexes offer trash collection and recycling programs, high-speed internet, fitness centers, eco-friendly rooftop gardens and communal spaces, such as BBQs and theater rooms. These amenities make it easier to enjoy life at home and to entertain friends and family, just as one would if they owned a single-family home.

2. Online communication with apartment management

Speaking of convenience, flexibility and technology, many modern apartment complexes simplify the tasks that were previously pain points of renting â namely, rent payments, maintenance requests and apartment management communication. A number of complexes are capitalizing on technology to streamline these tasks.

For example, rather than having to mail a check each month, platforms like RentPay allow renters to automate their rent payments and pay via credit card or electronic check. Even if a landlord doesn’t accept electronic payments, RentPay prints a physical check and mails it directly to the landlord each month.

Additionally, it’s becoming more common for larger apartment complexes to offer an online portal or website for easier communication with apartment management, from submitting maintenance requests and asking questions to renew leases and sign contracts. This saves renters significant time and money.

3. More emphasis on safety and security

keypad

In the past, one of the downsides of renting was security. With people constantly going in and out of the building or complex, it seemed as if anyone could walk in. With so many technology advances this past decade, in terms of access and price, it’s easier for complexes and renters to invest in security.

Many of today’s complexes offer gated access to the parking lot, codes for elevator access and security key fobs to all points of entrance. Some even offer enhanced security within the individual units, like video doorbells and camera security systems.

If your building doesn’t offer in-unit security features, there are multiple home security options available that are non-intrusive, as far as security deposits and installation are concerned. Simply plug in the device and monitor your apartment from your smartphone. Many systems are easy to pair with indoor security cameras and other alarms for additional safety.

4. Smaller space

While apartments are getting smaller in square footage due to space constraints and population growth, architects are getting smarter with layout designs to maximize every inch of a room. For instance, micro homes, the tiny house equivalent in apartment form, are as small as 350 square feet but make use of movable and folding furniture so it can serve as an entertaining space by day and bedroom by night.

Open floor plans are still popular and, while they can at first seem daunting to decorate, they offer the most options for room layouts. And thanks to more furniture companies starting to specialize in small home living, it’s much easier to find compact couches and dual-purpose furnishings that go beyond the futon.

Popular home stores like Pottery Barn, CB2 and IKEA offer couches, tables and other items designed specifically for small spaces. While it’s becoming harder to find spacious apartments, complexes are making up for it with communal spaces for entertaining.

Apartment living has changed for the better

If you’re looking for a place to call home, apartment living may be the perfect solution. The evolution of apartments in the past decade means they’re a favorable housing option for a variety of lifestyles â in both urban and suburban settings.

Lush amenities, online communication, security measures and optimized floorplans have helped renting become a more comparable alternative to buying. You can enjoy the in-unit laundry, entertainment amenities and peace of mind without worrying about the costs or inconvenience of maintenance tasks.

The post What to Expect in Apartment Living in 2020 appeared first on Apartment Living Tips – Apartment Tips from ApartmentGuide.com.

January 20, 2021

Best Places for Women Entrepreneurs â 2020 Edition

best places for women entrepreneurs

While women have certainly made strides in many areas of the business world, when it comes to entrepreneurship, a significant gender gap remains. Around 10.2% of women between ages 18 and 64 are new entrepreneurs, a rate around three-quarters that of men, according to the 2018-2019 Womenâs Report from The Global Entrepreneurship Monitor. Though thereâs clearly still room for growth, women who are starting their own businesses have the opportunity to take ownership of their long-term financial goals, including how much they sock away in a savings account. But not all locales are equally conducive to their success. As such, SmartAsset sought to uncover which metro areas are best for women entrepreneurs.

To do this, we compared 50 of the largest metro areas across the following metrics: number of female-owned businesses, percentage of businesses owned by women, women-owned businesses as a percentage of businesses with greater than 500 employees, new businesses as a percentage of total businesses, new business applications in 2020 relative to previous years, percentage of businesses that had profits or broke even, startup survival rate, women-to-men pay ratio, 2019 female unemployment rate and September 2020 unemployment rate. For details on our data sources and how we put all the information together to create our final rankings, check out the Data and Methodology section below.

This is SmartAssetâs second study on the best places for women entrepreneurs. Read the 2019 version here.

Key Findings

The percentage of women-owned businesses is paltry, but especially so for large companies. Five metros in our top 10 â Los Angeles, Atlanta, Denver, Seattle and Miami â rank in the top 10 for our metric tracking the percentage of businesses owned by women, with Atlanta leading that pack at 21.92%. Though women-owned businesses only constitute about a fifth of all business at the top, the numbers are even more meager for women-owned businesses with greater than 500 employees: in New York, which ranks first for this metric, women own only 3.56% of all businesses of this size.
Despite the pandemic, new businesses are still being formed. While the COVID-19 pandemic has had major impacts on the fortunes of many businesses, entrepreneurs in the U.S. are still founding new companies. Data from the Census Bureau shows that the number of new business applications in 2020 thus far is up 5% compared to the average over the past few years, indicating that amid this crisis, increasingly more entrepreneurs still want to form new firms.

Map shows the top 10 places for women entrepreneurs, according to SmartAsset's 2020 study.

1. Minneapolis-St. Paul-Bloomington, MN-WI

For the second consecutive year, the Twin Cities metro area of Minnesota-Wisconsin is the best place in the country for women entrepreneurs. The unemployment rate for women in this area was 1.8% in 2019, the lowest rate for this metric in the study. Furthermore, 84.49% of businesses in the Minneapolis area had a profit or broke even in 2017, the second-highest percentage across all metro areas we analyzed. Women-owned businesses make up a little less than 3% of all businesses with greater than 500 employees in this metro area. While relatively low, that figure is actually the eighth-highest percentage for this metric in the study.

2. Los Angeles-Long Beach-Anaheim, CA

The Los Angeles-Long Beach-Anaheim, California metro area, which includes parts of Orange County, is the No. 2 place in the nation for women entrepreneurs. Due in part to its large population, Los Angeles area has 64,632 women-owned businesses overall, the second-highest number for this metric in the study (behind only the New York City metro area). Los Angeles also ranks ninth out of 50 in terms of the percentage of businesses that are owned by women, at 20.99%, and third out of 50 in terms of women-owned businesses as a percentage of businesses with greater than 500 employees, at 3.20%.

3. Atlanta-Sandy Springs-Alpharetta, GA

There are also a substantial number of women-owned businesses in the Atlanta metro area. The raw total is 24,130, sixth-highest in the study, and that represents 21.92% of all businesses, the fourth-highest in the study. Women in the Atlanta area earn 76.79% as much as men, the 12^th-best rate for this metric across all 50 metro areas we analyzed. The metro area also benefits from the fact that Georgia ranks first for the number of new state-wide business applications in 2020 relative to the previous five years, at 142.77%.

4. Denver-Aurora-Lakewood, CO

New businesses represent 10.22% of all establishments in the Denver-Aurora-Lakewood, Colorado metro area, the third-highest percentage for this metric in our study. A lot of the establishments in the area at least break even, too â 83.90% to be specific, the seventh-highest percentage we observed for this metric in the study. The Denver area also ranks seventh-best for the percentage of businesses that are owned by women, 21.78%.

5. Sacramento-Roseville-Folsom, CA

Sacramento is the capital of California, and the metro area around the city takes the No. 5 spot in terms of the best places to be a woman entrepreneur. The Sacramento-Roseville-Folsom metropolitan area saw 84.70% of businesses either turn a profit or break even in 2017, the highest percentage we observed. The startup survival rate in California is 81.33%, placing the Sacramento area fifth in that metric. New businesses in the area represent 9.10% of all businesses, good for 12^th overall.

6. Tampa-St. Petersburg-Clearwater, FL

Women in the Tampa-St. Petersburg-Clearwater, Florida metro area earn 79.68% as much as men, the sixth-best ratio of the metro areas included in this study. Tampa also benefits from the fact that Florida fares well in terms of new businesses created in 2020 (a state-wide metric): The total new business applications filed this year is 113.42% of the average filed over the past five years, the ninth-highest rate. Tampa also finishes in 11^th place out of 50 for both unemployment metrics we measured. The unemployment rate for women in 2019 was 2.4%, and the overall unemployment rate in September 2020 was 6.1%.

7. Seattle-Tacoma-Bellevue, WA

There are 17,724 businesses owned by women in Seattle-Tacoma-Bellevue, Washington metro area, ranking 10^th of 50. That figure represents 21.25% of all businesses in the Seattle metro area, the eighth-highest percentage in the study. The pay gap in Seattle, though, remains large. Women earn just 68.21% as much as men there, placing the area 46^th out of 50 for this metric.

8. Charlotte-Concord-Gastonia, NC-SC

The Charlotte-Concord-Gastonia, North Carolina-South Carolina metro area comes in at No. 8. Women-owned businesses make up 3.26% of all businesses with greater than 500 employees. The only other metric for which the Charlotte area finishes in the top 10 is the percentage of businesses that broke even or turned a profit, coming in ninth at 83.14%. The area has just 8,581 female-owned businesses, putting it near the middle of this list at 24^th out of 50.

9. Miami-Fort Lauderdale-Pompano Beach, FL

In the Miami-Fort Lauderdale-Pompano Beach, Florida metro area, there are 36,496 businesses owned by women, representing 21.88% of all the businesses in the metro area. That places Miami in fourth and fifth in those two metrics, respectively. The Miami area hasnât been doing well in terms of employment lately, though. The unemployment rate in September 2020 was 10.1%, in the bottom five of this study. That said, the metro area ranks fifth out of 50 for women-owned businesses as a percentage of businesses with greater than 500 employees (3.17%). Furthermore, it ranks ninth overall for the statewide metric of new business applications in 2020 relative to previous years (113.42%) and third overall for women-to-men pay ratio (81.19%).

10. Dallas-Fort Worth-Arlington, TX

The final area in the top 10 of this study is Dallas-Fort-Worth-Arlington, Texas. There are 24,383 businesses in the area owned by women, the fifth-highest rate for this metric in the study. Of the businesses in the metro area with more than 500 employees, 3.19% of them are owned by women, which is the fourth-highest percentage for this metric across the 50 areas we analyzed. A lot of businesses in the area donât fare as well as they would probably like, though: Only 79.42% break even or turn a profit, 44^th out of 50 in the study. However, the metro area ranks sixth overall for the statewide metric of new businesses as a percentage of total businesses, at 9.54%.

Table shows the metro areas for women entrepreneurs, according to SmartAsset's 2020 study.

Data and Methodology

To find the best metro areas for women to be entrepreneurs we compared 50 of the largest metropolitan areas in the country across a number of metrics. Though weâve done this study in previous years, we added two metrics this year to give more timeliness to our results: new business applications in 2020 compared with the average of the previous five years, and the unemployment rate in September 2020. Here are all the metrics we used:

Number of women-owned businesses. Data is for businesses with paid employees and comes from the Census Bureauâs 2018 Annual Business Survey.
Percentage of women-owned businesses. Data is for businesses with paid employees and comes from the Census Bureauâs 2018 Annual Business Survey.
Percentage of businesses with at least 500 paid employees that are women owned. Data comes from the Census Bureauâs 2018 Annual Business Survey.
New businesses as a percentage of total businesses. This includes businesses established in 2015, 2016 and 2017 as a percentage of all businesses. Data is for businesses with paid employees and comes from the Census Bureauâs 2018 Annual Business Survey.
New business applications in 2020 relative to the 2015-2019 average by state. Figures for new business applications are not seasonally adjusted and include only those with planned wages for workers. We compared the number of new business applications from Week 1 of 2020 through Week 42 of 2020 (i.e. December 30, 2019 through October 24, 2020) to the average number of applications filed during those first 43 weeks of the year for the five-year period spanning from 2015 through 2019. Data comes from the Census Bureauâs Business Formation Statistics.
Percentage of all businesses that had profits or broke even. Data is for businesses with paid employees and comes from the Census Bureauâs 2017 Annual Business Survey.
Startup early survival rate (by state). This is the percentage of startups that are still active after one year. Data comes from the Kauffman Indicators of Entrepreneurship report and is for 2019.
Women-to-men pay ratio. Data comes from the Census Bureauâs 1-year American Community Survey and is for 2019. It accounts for both part-time and full-time workers.
Unemployment rate for women. Data comes from the Census Bureauâs 1-year American Community Survey and is for 2019.
Overall unemployment rate for September 2020. Data comes from the Bureau of Labor Statistics.

First, we ranked each metro area in every metric. We then found the average ranking for each metro area, giving a full weight to all metrics except for the two new business metrics and the two unemployment metrics, all of which received a half-weight. We then came to a final ranking based on these averages, with the top metro area receiving an index score of 100 and the bottom metro area receiving an index score of 0.

Tips for Entrepreneurs

Invest in professional advice. If you are looking for help with your money or your business, consider finding a financial advisor to help you. Finding a financial advisor doesnât have to be hard. SmartAssetâs free tool connects you with financial advisors in your area in five minutes. If youâre ready to be matched with local advisors, get started now.
Taxes donât always have to be taxing. Knowing your tax burden is key to a successful financial life and running your business efficiently. Use SmartAssetâs free tax calculator to see what you might owe.
Nail down your elevator pitch. Want to make sure you are a successful entrepreneur? Make sure you know what your product is and what your audience is before you even actually start the business.

Questions about our study? Contact press@smartasset.com.

Photo credit: Â©iStock.com/alvarez

The post Best Places for Women Entrepreneurs â 2020 Edition appeared first on SmartAsset Blog.

Source: smartasset.com

January 20, 2021

How to Find My Citibank Routing Number

Are you looking for your Citibank routing number? It’s quite easy and simple. Below is how to find it.

If youâre sending or receiving money to friends and family members using your Citibank account, you need to make sure youâre having the right routing number.

CIT Bank Savings Rates: How Much Can You Earn

What is my Citibank routing number?

In brief, the Citibank routing number is a nine-digit number that the bank uses to identify themselves. Citibank routing number is sometimes known as ABA numbers, check routing numbers or routing transit numbers.

You need your routing numbers for several reasons. For instance, you need it for:

To set up direct deposit
For ACH payments;
To transfer funds between accounts at different banks;
For bill payments;
To receive government benefits;
To receive tax refunds;
For wire transfers;
To have payments like paycheck deposited into your account.

*TOP CIT BANK PROMOTIONS*
PROMOTIONAL LINK	OFFER	REVIEW
CIT Bank Money Market	1.00% APY	Review
CIT Bank Savings Builder	0.95% APY	Review
CIT Bank CDs	0.75% APY 1 Year CD Term	Review
CIT Bank No Penalty CD	0.75% APY	Review

Citibank Routing Number For Each State

Citibank routing number is different for each state. So, itâs important to know it. But your Citibank routing number is associated in the state you opened your bank account.

So, if you have moved to Illinois for example, but you had opened Citibank account in New York, your routing number is associated in New York.

It is as simple as that.

Here is a table of the Citibank routing number by each state:

State	Citibank Routing Number
Citibank Northern California (CA)	321171184
Citibank Delaware	31100209
Citibank Illinois (IL)	271070801
Citibank Nevada	322271724/ 322271779/ 321070007
Citibank New York (NY)	21000089
Citibank Texas (TX)	113193532
Citibank Washington DC	254070116
Citibank Connecticut	221172610
Citibank Florida	266086554
Citibank Maryland	52002166
Citibank New Jersey (NJ)	21272655
Citibank South Dakota	21000089
Citibank Virginia	254070116
Citibank California, Southern	322271724

If your state is not included in here, call Citibank at 800-374-9700 for assistance.

Citibank routing number to make ACH Transfers

To make an ACH transfer, youâre going to have to choose the Citibank routing number for your particular state.

For example, if you live in Florida, then you will use the Citibank routing number for Florida which is 266086554. If you live in another state, look at the ACH routing number for your particular state in the table above.

Citibank routing numbers for Wire Transfers

Wire transfers are a quicker way to send money than an ACH transfer. However, there is going to be a fee.

If youâre making a domestic wire transfer, however, you will need to use the routing number in your state, see the table above.

To make domestic wire transfers, and in addition to the routing number, you will also need the following:

The name of of the person whom youâre making the transfer to;
The name and address of the personâs bank;
The personâs account number as well as the routing number.

For international wire transfers, you will need both the Citibank routing number in your state and a SWIFT Code: CITIUS33. SWIFT stands for Society for Worldwide Interbank Financial Telecommunication.

In addition, you will need the following to make an international wire transfer:

The name of of the person whom youâre making the transfer to;
The name and address of the personâs bank;
The personâs account number
Purpose of the payment; and
The currency being sent

Where to find your routing number?

So, you want to know where to get your routing number from Citibank? Hereâs where to get it:

Your Citibank personal check

You can find your Citibank routing number on the bottom left-corner of a check. However, note the routing number on your check might be different than the routing number for a wire transfer. So, before youâre making a transaction, make sure you check with your bank to get the accurate routing number.

Learn How to Write A Check.

Citibank routing number on this page

We have listed the routing numbers for each state on the table above for ACH transfers. We have also listed the routing number for domestic and international wire transfers.

Your Bank statements

You can find your routing number as well on your monthly bank statements.

Citibank online

Your can find your routing number online by simply going into online banking.

On the Federal Reserve website

You can look up your routing number on the Federal Reserve website.

Customer service

Lastly, you can always call customer service at 800-374-9700: to get your routing number. Itâs available 24 hour a day, 7 days a week. However, note that you will have to provide some details to identify yourself.

Which routing number to use?

Depending on your financial transactions, you will need to use different routing numbers.

Domestic ACH Transfer

For domestic transfers, use the ABA routing number from your state (see the table above).

For Domestic Wire Transfer

Use the Citibank domestic wire transfer number in your state in the table above.

For international wire transfers

Use your state routing number: and the SWIFT code: CITIUS33

Citibank routing number: bottom lime

In conclusion, if you have a Citibank account, youâll likely need to your routing number. You will need to set up direct deposit, to set up automatic payments, or to wire transfer. So, itâs important to know it and keep it handy. Also, make sure you verify the number before you make a transaction. If you miss one digit or get one digit wrong, your money can go somewhere else.

Related:

Wells Fargo Routing Number
How to Find Your Well Fargo Routing Number for Texas

Speak with the Right Financial Advisor

If you have questions about your finances, you can talk to a financial advisor who can review your finances and help you reach your goals (whether it is making more money, paying off debt, investing, buying a house, planning for retirement, saving, etc).
Find one who meets your needs with SmartAssetâs free financial advisor matching service. You answer a few questions and they match you with up to three financial advisors in your area. So, if you want help developing a plan to reach your financial goals, get started now.

*TOP CIT BANK PROMOTIONS*
PROMOTIONAL LINK	OFFER	REVIEW
CIT Bank Money Market	1.00% APY	Review
CIT Bank Savings Builder	0.95% APY	Review
CIT Bank CDs	0.75% APY 1 Year CD Term	Review
CIT Bank No Penalty CD	0.75% APY	Review

The post How to Find My Citibank Routing Number appeared first on GrowthRapidly.

Source: growthrapidly.com

January 20, 2021

Unlocking the Secret of Apartment Keys

You signed the lease. You cut the check for the security deposit. And the truck with all your stuff just pulled in. The leasing agent welcomes you and hands you the keys to your brand new place. But the key looks like a weird piece of plastic. And you’re not actually sure how it locks and unlocks doors. When did apartment keys get so complicated?!

Different types of keys mean different types of security. And that makes it harder for just anyone to gain access to buildings and units.

Many buildings now have electronic locks that log when a door was opened and whose card was used to open it. Others keep security by keeping close track of who has keys. Some use keycards and what the heck is RFID?

The good news is any combination of any of these locks, when used correctly, is a tested, secure and effective way to protect you and your home. And each method of security brings with it its own set of guidelines.

Metal keys

metal keys

Tried and true, metal keys will go through the wash and dry cycle and come out just fine. You can drop them, lose them, toss them and they’ll never let you down. Metal keys are the reason we don’t really think about them much. Cheap to make and as long as you can keep an eye on them, they’ll last forever.

But are they really your keys? Or are they the property of your landlord? You’ll want to check your lease, especially if you want copies made. Are you even allowed to get copies of your keys made? Well, if you look closely on your key, and see the words DO NOT DUPLICATE, you think you’d have your answer. But the truth isn’t that open and shut. (Open and shut. Get it? Because of doors? Never mind.)

You may need to go through your leasing office or landlord before you make the trip to the hardware store. Your landlord may have spares for free. And what happens if you lock yourself out of your apartment? Can your building’s superintendent come by and let you in? Or do you need to call a locksmith? As with all things for your apartment, check with your landlord.

Key cards

key cards

Convenient, skinny jeans-friendly, inexpensive to replace, the keycards you use to get into your building are just like the ones you use to get into your office. The only thing missing is an embarrassing photo of you on your first day. But not all key cards are the same.

Key cards are programmed by entering your information onto a card that’s read when it’s swiped or scanned. That information is either encoded on a magnetic strip on the back of the card or it’s loaded onto what’s known as a radio frequency identification (RFID) chip in the card.

A small chip containing your information is inserted into a plastic card and is powered by an induction circuit. When the card comes close to the scanner, it converts the electromagnetic field emitted by the scanner into electricity. That electricity powers the chip, which is then read by the computers. RFIDs are more secure than magnetic strip cards because the strips can become damaged more easily.

Key fobs

key fob

The key fob is just like an RFID keycard, only smaller. The fob is meant to be clipped onto your keyring so it’s always with you. These are quickly becoming a popular option with many new construction buildings, not only for garage and mailroom access but also for individual units. The fobs are small and also use a tiny induction circuit, so there’s never a need to change batteries or reprogram them.

The downside is these little plastic doodads can be expensive to replace. And you have to remember to have your keys with you all the time. So, if you’re the kind of person who frequently loses things and locks yourself out of your house, this may not be the option for you. And make sure you don’t lose it! Replacing these things can be expensive. Your landlord could charge a few hundred bucks for a replacement.

Key codes

key access code

Sometimes your apartment key might not be a key at all â but instead a code. Apartment communities have been using access codes for years for visitors to dial into your building. Some are using this same technology outside of your door.

Simply punch in your code, just like you would at an ATM, to unlock your door and enter your unit. In most cases, you’ll be able to select your own code. Just make sure it’s one that you’ll remember!

Bluetooth-digital combination

bluetooth phone key

This is the high tech solution many landlords are now considering. Besides your keys, what’s the one item everyone takes with them everywhere now? Your phone. In this case, your phone acts like a fob. Except instead of a small induction circuit powering it, it’s simply your phone that connects to the door lock via Bluetooth. Digital locks like these often use a backup code to get inside if you ever accidentally lock yourself out.

But as great as these digital locks sound, they aren’t perfect. Digital lock scanners need to be hard-wired to the building’s main electrical system in order to work. So, if the power goes out, that will be a problem.

And if they’re not connected to the main electrical system, they can also operate on small backup batteries built into the units. But there’s no telling how often those batteries or replaced, so you could find yourself locked out.

Safe home, happy home with apartment keys

Whether your apartment keys are old school or new, they should help keep your home safe and secure â provided you use some basic common sense and good practices.

The post Unlocking the Secret of Apartment Keys appeared first on Apartment Living Tips – Apartment Tips from ApartmentGuide.com.

January 9, 2021

Best Places to Live on a $60,000 Salary â 2020 Edition

Image shows a person's hands holding a paycheck taken out of an envelope just received in the mail. SmartAsset used various data to conduct its latest study on the best places to live on a $60,000 salary.

According to Census data, more than 17% of American households earn between $50,000 and $74,999, making it the income bracket comprising the highest number of people. This large cohort may not be among the most handsomely paid in the U.S., but strategically living in a place with robust employment opportunities and a lower cost of living can help Americans stretch their dollar further and enable them to sock away ample savings. With that in mind, SmartAsset decided to find the best cities in America for those with an annual income of $60,000, the sweet-spot of this range.

To find the best cities in America to live on a $60,000 salary, we compared 97 cities (all with a population of at least 60,000 and a median household income of between $55,000 and $65,000) across the following nine metrics: median household income, median monthly housing costs, housing costs as a percentage of a $60,000 income, entertainment establishments per 10,000 residents, civic establishments per 10,000 residents, percentage of people without health insurance, average commute time, unemployment rate and poverty rate. For details on our data sources and how we put all the information together to create our final rankings, check out the Data and Methodology section below.

This is SmartAssetâs second annual study on the best places to live on a $60,000 salary. Read the 2019 version here.

Key Findings

Smaller cities â especially in the Midwest â rank highly. It probably comes as no shock that big cities arenât making the cut here. Real estate and cost of living are just too expensive in big cities, and especially on the coasts. For true value, look to places a bit off the beaten path. Eight of our top 10 cities (all except Omaha, Nebraska and Lexington, Kentucky) have fewer than 300,000 people. Additionally, eight of our top 10 cities (all except Billings, Montana and Lexington, Kentucky) are located in the Midwest.
Under one grand. All but one of the top 10 cities in our study (Omaha, Nebraska) have median housing costs of less than $1,000 a month, or $12,000 a year, representing less than 20% a $60,000 income.

1. Sioux Falls, SD

The best city to live in on a $60,000 salary is Sioux Falls, South Dakota, according to the data we analyzed. Sioux Falls comes in sixth overall for two of our nine metrics: average commute time (17.4 minutes) and poverty rate (8.6%). It also comes in eighth for three other metrics: entertainment establishments (8.75 per 10,000 residents), civic establishments (13.00 per 10,000 residents) and July 2020 unemployment rate (5.8%).

2. Billings, MT

Billings, Montana has 13.08 civic institutions per 10,000 residents (the seventh-highest rate for this metric in the study) and 10.48 entertainment establishments per 10,000 residents (the sixth-highest rate in the study). Only 4.4% of the population in Billings is without health insurance â the sixth-lowest rate for this metric across all 97 cities we analyzed.

3. Lincoln, NE

Lincoln, Nebraska had an unemployment rate of just 5.0% in July 2020, the second-lowest ranking overall for this metric. Lincoln has 13.26 civic establishments per 10,000 residents, sixth-highest in the study. The city places 10^th overall for average commute time, with the average person going from home to work in 18.4 minutes.

4. Eau Claire, WI

Eau Claire, Wisconsin has an average commute time of just 15.1 minutes, ranking second-shortest in the study. The city places eighth for two other metrics: median monthly housing costs ($915) and housing costs as a percentage of a $60,000 income (18.30%).

5. Wyoming, MI

Wyoming, Michigan has a poverty rate of just 8.5%, ranking fifth-best across all 97 cities we studied. Wyoming places fourth in two separate metrics related to housing costs: median monthly housing costs ($880) and median housing costs as a percentage of a $60,000 income (17.60%). There are 12.01 civic establishments per 10,000 residents, ninth-highest overall.

6. Appleton, WI

The July 2020 unemployment rate in Appleton, Wisconsin was 6.1%, 10^th-lowest of the 97 cities for which we considered data. Appletonâs median monthly housing costs amount to $920 (an 11^th-best ranking) represent just 18.40% of a $60,000 income (also an 11^th-best ranking). Appletonâs other top-20 ranking is for a relatively low poverty rate of 11.5%.

7. Duluth, MN

Duluth, Minnesota has the highest number of civic establishments of any city we analyzed, at 15.62 per 10,000 residents. The city comes in third in terms of the percentage of residents without health insurance, at just 3.5%, and fifth for average commute time, at 16.8 minutes. While Duluth has a median household income of just $55,819 â ranking 88^th overall for this metric â it ranks ninth overall for both housing cost metrics we considered.

8. Omaha, NE

Omaha, Nebraska had the 11^th-lowest July 2020 unemployment rate in the study, coming in at 6.4%. The city places 20^th for its relatively low poverty rate, with 11.6% of the population living below the poverty line. Omaha is fairly expensive, with median monthly housing costs of $1,044, which represents 20.88% of a $60,000 income â ranking 31^st out of 97 in the study for both housing costs and housing costs as a percentage of income.

9. Cedar Rapids, IA

Cedar Rapids, Iowa has monthly median housing costs of $902, which is 18.04% of a $60,000 income. The city places seventh in our study for both of those metrics. Cedar Rapids has two other top-15 metrics: It ranks 12^th overall for the relatively low percentage of people without health insurance (5.5%) and 13^th overall for average commute time (18.7 minutes).

10. Lexington, KY

Lexington, Kentucky had the seventh-lowest July 2020 unemployment rate of the 97 cities we analyzed, at 5.7%. Median monthly housing costs in Lexington total $991, which is 19.82% of a $60,000 budget (a top-25 rate). Lexington also ranks 10^th out of 97 for its relatively high number of civic establishments, at 11.98 per 10,000 residents.

Data and Methodology

To find the best cities in the U.S. to live on a $60,000 salary, SmartAsset first created a list of the cities in which the population was at least 60,000 people and the median household income was between $55,000 and $65,000. We did this in order to find the cities where an income of $60,000 fell within the range of an average household. This resulted in a list of 97 cities, which we compared across the following nine metrics:

Median household income. Data comes from the Census Bureauâs 2019 1-year American Community Survey.
Median monthly housing costs. Data comes from the Census Bureauâs 2019 1-year American Community Survey.
Housing costs as a percentage of income. We calculated this by finding the median monthly housing costs as a percentage of a $60,000 salary. Data comes from the Census Bureauâs 2019 1-year American Community Survey.
Entertainment establishments per 10,000 residents. Data comes from the Census Bureauâs 2018 Business Patterns Survey. It is measured at the county level.
Civic establishments per 10,000 residents. Data comes from the Census Bureauâs 2018 Business Patterns Survey. It is measured at the county level.
Percentage of people without health insurance. Data comes from the Census Bureauâs 2019 1-year American Community Survey.
Average commute time. Data comes from the Census Bureauâs 2019 1-year American Community Survey.
Unemployment rate. Data comes from the Bureau of Labor Statistics and is for July 2020.
Poverty rate. Data comes from the Census Bureauâs 2019 1-year American Community Survey.

First, we ranked each city in each metric. From there, we calculated the average ranking for each city, assigning each metric an equal weight. Using this average ranking, we created our final score. The city with the highest average ranking received a score of 100. The city with the lowest average ranking received a score of 0.

Tips for Managing your Money With $60k in Income

Seek expert financial advice. If youâre making $60,000 a year, you might stretch your dollar further by living in a place with lower living costs. But no matter your salary, a financial advisor can help you make the most of your money. Finding a financial advisor doesnât have to be hard. SmartAssetâs free tool connects you with financial advisors in your area in five minutes. If youâre ready to be matched with local advisors, get started now.
Create a budget you can count on. If youâre trying to make your $60k salary cover all your expenses (and still have something leftover to save), consider using SmartAssetâs budget calculator.
Itâs never too early to be saving even a little for retirement. You work hard to earn that $60k a year. Now make that money work for you. Even if youâre on a relatively tight budget, try to make sure you save for retirement, perhaps using a workplace savings vehicle like a 401(k).

Questions about our study? Contact press@smartasset.com

The post Best Places to Live on a $60,000 Salary â 2020 Edition appeared first on SmartAsset Blog.

Source: smartasset.com