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A high-yield savings account can be a simple and low-risk way to earn money with your savings. Some of the best high-yield savings accounts have an annual percentage yield (APY) of 4% to 5%. In comparison, the national average is 1.87%, and traditional banks offer a yield of less than 1% on average. High-Yield Savings […]
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Investing allows you to grow your wealth by accessing potential market gains and the power of compound growth unlike what you’d get with a traditional savings account. If you invest successfully, it’s reasonable to expect your assets to outpace inflation and grow abundantly over time. But if you’re brand new to investing, deciding how to
6 Best Ways to Invest Money in 2025 Read More »
A high-yield savings account can be a simple and low-risk way to earn money with your savings. Some of the best high-yield savings accounts have an annual percentage yield (APY) of 4% to 5%. In comparison, the national average is around 1.90%, and traditional banks offer a yield of less than 1% on average. High-Yield
Best High-Yield Savings Accounts of October 2024 Read More »
High-yield savings accounts are known for their better-than-average interest rates, which can help your money work harder and grow faster. But what should you do if rates on high-yield savings accounts start to decrease? Watching your yield go down might feel unsettling, but rate changes come with the territory. Consider taking these three steps before
What to Do When Interest Rates on High-Yield Savings Accounts Drop Read More »
You know that getting enough sleep, eating right and exercising are essential to staying healthy. But did you know saving money is just as critical to your financial health? Saving money is important because it can help you handle unexpected expenses, reach your financial goals and reduce stress. Here’s why saving money matters and eight
Why Is Saving Money Important? Read More »
Your income helps lenders determine how much you can borrow with a mortgage. A high income isn’t a prerequisite for homeownership, however, and you can find options with a low income. You may even qualify for homeownership assistance programs and certain types of mortgages that offer more favorable terms. Can I Buy a Home With
How to Buy a House With Low Income Read More »
The Federal Reserve is expected to cut the federal funds rate in mid-September, which could have a rippling effect on many of your financial accounts. However, you might be able to take action now to lock in higher rates on your savings, and make plans for minimizing how much interest you’ll pay on debts in
Interest Rates Are Dropping—It’s Time to Rethink Your Savings and Debt Read More »
How long your retirement savings will last depends on when you retire, your expenses in retirement, inflation and your investments’ rate of return. Some of these factors are in your control, while others are not. However, there are steps you can take to maximize your savings both before retirement and once you’re withdrawing from your
How Long Will My Retirement Savings Last? Read More »
Managing money well is a challenge, particularly when you’re already feeling financially adrift. It’s hard to stay disciplined, especially if you’re living paycheck to paycheck, struggling with why it’s hard to save up, or trying to save money on a tight budget. Sometimes, that little extra splurge—a coffee, a takeout meal, a new book—feels like
How To Be Better With Money, Without Overhauling Your Life Read More »
Looking to save up a significant chunk of change in a short time? Saving $5,000 in three months might sound like a lofty goal, but it can be achievable. There are many reasons you might want to dedicate yourself to the challenge, like saving for a down payment on a house, getting out of debt,
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“Navigating post-college financial responsibilities? Learn effective budgeting, student loan management, and essential saving strategies for securing your financial future in our comprehensive guide for new graduates.” Graduating from college is an exciting milestone, but it also marks the beginning of new financial responsibilities. As you step into the world of full-time employment, understanding how to
Financial Planning for New College Graduates: Budgeting, Student Loans, and Beyond Read More »
Whether you’re aiming for a solid emergency fund or a secure retirement, achieving your financial goals starts with a smart approach to saving. Fortunately, saving money can be easier than you may think. Put aside just $13.70 per day, and at the end of the year you’ll have $5,000; double that to $27.39 daily and
26 Simple Ways to Save Money Read More »
A savings account is a deposit account held at a bank or financial institution that provides a safe place to store money you’re setting aside for the future. While checking accounts provide a convenient way to access the funds you plan to use for everyday spending, savings accounts are designed to help you manage and
Top five benefits of savings accounts Read More »
Running out of money can be a stressful experience. Whether you’re watching your savings dwindle over time or find yourself running out of money before your next paycheck comes in, the worry that you won’t be able to cover your expenses and financial obligations is a real problem for many people. It can lead to
Running out of money: why it happens and what to do about it Read More »
Money saving challenges are structured activities designed to help you save money systematically over a set period of time. They can be a fun and engaging way to build a savings habit. By making savings feel more like a game and breaking goals down into manageable milestones, money-saving challenges can provide structure and motivation. If
Six money-saving challenges to help you reach your goals Read More »
When you look at your budget, do you struggle to find room for savings? Does the idea of saving just a couple bucks here or there feel too small to make a difference? The 52-week savings challenge might be just the ticket to transforming your perspective and kicking off a powerful savings habit. This challenge
Transform your finances with the 52-week savings challenge Read More »
Your electric bill is one of those must-have line items in your monthly budget, but that doesn’t mean you can’t reduce how much money it costs you. Rising electricity costs and spikes in usage during summer and winter can be especially challenging to manage. If you’re looking for ways to save money, reducing your electric
How to save on your electric bill this summer Read More »
From a weekend jaunt to a trot across the globe, many people find travel exhilarating, relaxing, and rewarding. But it can easily get expensive. If you have the travel bug, indulging it doesn’t have to break the bank. With the right strategies, you can explore the world without emptying your wallet. With smart strategies, you
How to travel cheap: budget-friendly tips and tricks Read More »
If you have a big financial goal on the horizon in the next 12 months, you’ll need an action plan to get there. Saving $10,000 in a year might sound ambitious, but it can be achievable with a solid strategy and practical steps to enact it. Whether you’re saving for an emergency fund or have
How to save $10,000 in a year: a step-by-step guide Read More »
When you’re planning to buy a home, your down payment is likely your biggest expense. For first-time homebuyers, it’s often the largest amount of money they’ve ever planned to save up, and it can seem pretty intimidating. But there are ways to make it feel more attainable. Understanding how down payments work and adopting effective
How to save for a down payment: practical strategies for future homeowners Read More »
