Steven Porrello

Expert Contribution: Writer

FINANCIAL INDUSTRY WRITER SINCE 2017

NUMBER OF PUBLICATIONS: 305 | LAST PUBLISH DATE: 12-09-2024

Steven Porrello is a personal finance writer. After discovering a knack for simplifying financial concepts, he now strives to help readers hit their money goals and become more financially independent. In addition to economics, his interests include literature, art, philosophy, anthropology, and religion. He lives in Portland, Oregon with his wife, daughter, and two cats. 

Financial Areas of Expertise

Credit Cards, Banks, Mortgages, Insurances, Investing, Personal Finance

Featured in Renowned Media Publications

• Motley Fool syndication partners
• Motley Fool Canada
• Nerdwallet
• MarketWatch
• Nasdaq
• Yahoo Finance 

Education

• B.A. in English and Religion, Lagrange College

Steven's Recent Articles

• 3 Reasons to Switch Banks in December 2024
  Dec 9, 2024
  Don't stay with a bank that isn't treating you well. Learn three reasons to make the switch in December 2024.
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• Are CDs Still a Good Investment for December 2024?
  Dec 8, 2024
  CD rates are dropping, but that doesn't negate the benefits of a CD. Learn if a CD is the best investment for your money.
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• Deposit $2,000 or Less to Score These Bank Account Bonuses
  Dec 6, 2024
  Don't let these bank bonuses go to waste. Learn how to score $50 to $300 this month with direct deposits of $2,000 or more.
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• Unlock These Bank Account Bonuses by Depositing Just $1,000 or Less
  Dec 6, 2024
  It's true: You can get a bank bonus with less than $1,000. Read on to learn which bank bonuses are low hanging fruit.
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• 3 Worst Mistakes You Can Make With Balance Transfer Credit Cards
  Dec 5, 2024
  Balance transfer credit cards can help you get out of debt. Take a look at three common mistakes you should avoid to be successful.
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• 4 Proven Ways to Avoid Credit Card Interest Forever
  Nov 26, 2024
  With credit card rates averaging at 23%, avoiding interest is key to staying out of debt. Check out the four best strategies to avoid interest …
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• I Have $10,000 to Invest. Where Should I Put It?
  Nov 26, 2024
  If you have $10,000 to invest, you have the potential to change your financial future. Here are five ways to invest for your future.
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• Earn a $1,000 Bonus on Holiday Shopping With One of These 3 Credit Cards
  Nov 25, 2024
  Santa's not the only one giving out surprises this holiday season. Get a big welcome bonus with these three cards.
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• How the Amex Gold Card Can Easily Pay for Its Annual Fee Almost 5X Over
  Nov 17, 2024
  The American Express® Gold Card is one of American Express's best deals. Find out how to seriously outearn its annual fee.
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• 5 Credit Cards to Earn More Cash Back in November 2024
  Nov 16, 2024
  If you're bored with your current line-up of cash back credit cards, check out a few card options for November 2024.
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• 3 Little-Known Perks of Buying CDs
  Nov 15, 2024
  CDs can be a smart way to grow your money. But if all you know about CDs is the high APYs, here are three perks …
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• 3 Habits of Americans With a Perfect 850 Credit Score
  Nov 15, 2024
  Only 1.54% of Americans have perfect credit. Find out the top three practices that made their perfect scores possible.
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• 3 Surprising Things a Debit Card Can Do That a Credit Card Can't
  Nov 14, 2024
  Debit cards don't earn the best rewards, but they trump credit cards in certain situations. Learn when you should use debit over credit.
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• 2 Credit Cards That Can Earn You Up to $1,000 in Rewards by the New Year
  Nov 11, 2024
  Earning $1,000 on a new credit card before 2025 is hard but possible. Check out three credit cards that will get you there.
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• These 3 Savings Accounts Will Earn You More Than Capital One's 4.00% APY
  Nov 5, 2024
  You don't have to settle for a 4.00% APY. Learn which high-yield savings accounts have the best rates we've found today.
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• Is There a Credit Card That Earns 5% Back at Costco?
  Oct 31, 2024
  Costco makes it difficult to maximize credit card rewards in its warehouse. But these two cards could earn 5% back online. Read on to find …
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• How I Got Denied a Credit Card Even With an 800+ Credit Score
  Oct 29, 2024
  An 800-plus credit score may give you bragging rights, but it doesn't guarantee you'll get a credit card. Learn how high scorers can still get …
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• 3 Reasons the CIT Platinum Savings Is the Best Savings Account for Your Money
  Oct 28, 2024
  The CIT Platinum Savings boasts a high APY, no monthly fees, and a potentially easy way to withdraw cash. Learn whether this account is right …
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• 3 Reasons to Get the Amex Platinum Instead of the Amex Gold Card
  Oct 28, 2024
  The Amex Platinum Card offers one of the best values out there. Here's why you should choose it over the Amex Gold Card.
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• What Happens if You Deposit More Than $10,000 in Your Bank Account?
  Oct 27, 2024
  Making a big deposit at your bank can trigger a report to the federal government. Find out what happens when you deposit $10,000 or more.
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• Savings Rates Are Falling: Here's Why You Should Still Open a High-Yield Savings Account
  Oct 18, 2024
  Banks are gearing up for a huge interest rate drop on savings accounts. Learn why it's still important to open one.
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• Are 5-Year CDs Still Worth Buying With Rates Down to 3.40%?
  Oct 7, 2024
  CD rates are dropping like flies. Learn when it's worth getting a long-term CD and when you're better off with other investments.
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• Forget the Fed: These 5 CDs Still Look Great After Recent Rate Cuts
  Sep 28, 2024
  CD rates are dropping like flies, but some are still hanging in there. Here are five CDs with high APYs.
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• Here's What Happens When You Cash Out Your CD Early
  Sep 23, 2024
  Cashing in a CD early will result in a penalty. But it could make financial sense to do it. Learn what to expect when you …
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• Is $5,000 Too Much to Keep in Your Checking Account?
  Sep 23, 2024
  Checking accounts are best for transactions, not savings. Find out if keeping $5,000 in your checking account is stopping you from becoming wealthier.
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