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While you may encounter some fees with your traditional checking and savings accounts, you’ll come across different fees with certificate of deposit (CD) accounts, money market accounts (MMAs) and high-yield savings accounts (HYSA). For example, MMAs and HYSAs sometimes charge monthly maintenance fees or a fee if you don’t keep a required minimum balance. CDs […]
Top Fees to Be Aware of for HYSAs, CDs and MMAs Read More »
Looking for a relatively safe place to stash some extra cash and earn interest too? Certificates of deposit (CDs) and bonds could be the answer. CDs and bonds are both low-risk ways to grow your money, but there are some important differences between the two. Here’s how to decide if either CDs or bonds make
CDs vs. Bonds: What’s the Difference? Read More »
When it comes to budgeting, it’s important to take time to consider how you plan to use the money that’s left over after all your necessities are taken care of. And while it’s easy to cut back on things like eating out and traveling, recurring charges such as streaming subscriptions might be harder to reduce.
How Often Should You Negotiate Your Bills? Read More »
Knowing how to increase your financial security is key to building stability and feeling at ease and in control of your money situation. But what exactly is financial security, and how do you reach it? In short, financial security is when you feel comfortable affording your regular expenses and optimistic about your financial life in
What Is Financial Security and How Do You Achieve It? Read More »
A certificate of deposit (CD) is a type of savings account offering higher interest rates than traditional savings in exchange for depositing your money for a fixed period, called a CD term. Terms can range from three months to five years or longer. Generally, the longer the CD term, the higher the annual percentage yield
How to Withdraw Money From a CD Read More »
A boring investment strategy doesn’t necessarily mean low risk, but it can help you construct an efficient portfolio and avoid costly pitfalls as you build wealth for the future. If you’re looking for a way to invest your money for important financial goals, here’s why a boring approach may be best. What Is a Boring
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With the midpoint of the year approaching fast, it’s a great time to take stock of your financial progress, realign your spending with your goals and set your sights on where you want to end up by the end of the year. To help you pull off a financial review that leaves you with new
Midyear Financial Checklist: 7 Steps to Improve Your Finances Read More »
A certificate of deposit (CD) is a type of savings account that earns interest if you keep your money in it for a specific time period. When a CD reaches the end of its term, or “matures,” you can either withdraw your initial deposit plus the earned interest or roll it over into a new
From streaming services supplying the next episode of your favorite show to motion-sensing water faucets, automation is everywhere. Why not add saving money to the list of things that happen automatically? Making automated savings part of your payday routine can reduce temptations to spend impulsively, making it easier to save for your financial goals. Here
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As you explore investment options, you might look into certificates of deposit (CDs). When you open a CD, you agree to deposit money in the account and keep it there for a certain period of time. In return, you earn a fixed rate of interest. CDs come in several forms, including the add-on CD. An
What Is an Add-on CD? Read More »
High-yield savings accounts and certificates of deposit (CDs) are two ways to earn much more than you would from a traditional savings account. Both are safe places to store your money, whether you’re saving for short-term financial goals or something that’s further down the road. But they’re different when it comes to interest rates and
What’s the Difference Between a High-Yield Savings Account and a CD? Read More »
A high-yield savings account can be a great place to keep your emergency fund or other cash savings. They’re known for offering higher annual percentage yields (APYs) than traditional savings accounts. That allows your balance to earn interest and work a little harder for you. Some of the best places to get a high-yield savings
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![How Much Do I Need to Retire: A Guide for Retirement Saving [2023]](https://i0.wp.com/stashlearn.wpengine.com/wp-content/uploads/2023/05/retirement-savings-over-time-873x1024.png?fit=873%2C1024&ssl=1)
How much do you need for retirement? Experts say the average individual will need $1.2 to $1.5 million to maintain their lifestyle with 80% of their annual pre-retirement income. The average American retires with $200,000 to $250,000 between various retirement savings accounts—just a measly one million dollars shy of the recommended amount. This explains why
How Much Do I Need to Retire: A Guide for Retirement Saving [2023] Read More »
There are a lot of perks to working remotely—like shaving hours off your weekly commute time, working from the comfort of your own space and celebrating casual Friday every day. But beyond those benefits, does working remotely save you money? While it varies based on your personal situation (what you eat, where you live and
Does Working Remotely Save You Money? Read More »
Concerns about inflation and recession, news of layoffs and movements to retire early have Americans looking for ways to pinch pennies. But thriftiness has the potential to go too far.Making frugal-minded changes to get your budget under control can help get you on the right track, but can also have unintended consequences. Here are six
6 Frugal Moves That Could Cost You Read More »
When it comes to making financial decisions, there’s no substitute for crunching the numbers. Loan calculators can help you better weigh your borrowing options and choose the best repayment strategy for your budget. Here are four loan calculators from Experian that can help you understand loan costs and manage your debt. You’ll also find additional
4 Loan Calculators to Help Manage Your Money Read More »
If you use an ATM, you could get hit with two fees—surcharges from the ATM operator itself and out-of-network ATM fees from your bank. There are ways to get around these banking fees, however. When you need to draw cash, you can avoid ATM fees by using in-network ATMs, choosing a bank that offers ATM
How to Avoid ATM Fees Read More »
What is the difference between Roth and traditional IRAs? The key distinction between Roth and traditional IRAs comes down to taxes. With a Roth IRA, you contribute after-tax dollars. With a traditional IRA, you contribute pretax dollars, which means your money is taxed when you make withdrawals in retirement. You’ve heard it before—it’s never too
Roth vs. Traditional IRA: Which Is Best for You in 2023? Read More »
If you’re paying for child care while you work or look for work, you may be able to claim a tax credit to offset some of those expenses. The child and dependent care credit allows workers to claim work-related care expenses for qualifying dependents on their taxes. If your care expenses qualify, your credit may
How the Child and Dependent Care Credit Can Save You Money Read More »
Money you save for a rainy day or major purchase could technically live in your checking account (or under a mattress), but savings accounts are a better place to park cash for emergencies and big-ticket items. Savings accounts offer numerous perks, including interest and deposit insurance, but funds are still liquid so you can access
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