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eclipse_images/Getty Developing a strong financial plan is important. But knowing where to put your money can be challenging, especially when you don't have savings goals mind. Money market accounts are a great place to put your money because they offer great interest rates without sacrificing security or liquidity. We've provided a rundown on what money market…
When you log into your bank account, how do your savings look? Probably not as good as you’d like. It always seems like an uphill battle to build (and keep) a decent amount in savings. But what if your car breaks down, or you have a sudden medical bill? We’re not judging — we don’t roll like that. We’re here to help. We just don’t want you to have to sell those Elvis-Presley-signed velvet pants you inherited just to pay some lousy plumbing bill. Those pants are sweet. Try these tips to get the ball rolling, and start building up your savings so you can breathe a little easier.
Let me know if this sounds familiar: I need a vacation, you say to yourself, likely over dinner after a long day at work. You feel energized by the idea and you start Googling flight prices. You probably stop and start this process several times, cowed by the cost. You start making mental calculations. I’ll only be able to be there for five full days. I’m going to blow all my savings. Is it really worth it? Finally, even more burnt out than before, you decide that screw it, you need this, and you go ahead and book your trip.
As a young child, did you ever dream of having $1 million in the bank? I used to think that way, but my perspective changed over the years. $1 million is no longer a guarantee of financial freedom. For someone spending $200,000 a year in good health, $1 million won’t go very far during retirement. For someone else who spends $40,000 annually and has Social Security income, saving less than $1 million may be appropriate.
A study by TransAmerica found that men have more than double the retirement savings of women. (iStock) Many women aren’t financially prepared for retirement, according to a recent report from…
Samantha Mash for Quanta Magazine A new, deeper understanding of how the breeding structure of species affects their genetic diversity is giving conservationists better tools for saving animals. In…
Eko SP / Shutterstock.com The basics of daily living cost a lot more these days. These tactics can shore up your budget. It costs twice as much these days to fill up your gas tank. The grocery bill…
woman hand putting money bank note dollar into piggy for saving money wealth and financial concept. Getty If you’ve been thinking of buying a house, you probably know that you should start sa…
We all know we need to save for retirement, but it can be tricky to know which of all the various tax-advantaged accounts to prioritize with our limited savings. Making the wrong choice could cost …
This is the second in a three-part series on tax filing that looks at how business owners can maximize their tax savings. Here’s the first part. It’s nearly the end of the tax year, and that can on…
Investors in digital assets like cryptocurrency and non-fungible tokens (NFTs) have been on a wild ride these last few years. After all, the price of a single Bitcoin BTC -0.8% hit an all-time high…
It’s never too early, or too late, to start thinking about your retirement goals. No matter if you’re hoping to retire early or work until you can’t any longer, having a plan for how you can retire…
The United States may be better off than you think. Currently, the big concern and preoccupation for people is whether or not the U.S. will be heading into a recession. It’s the big boogeyman…
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GaudiLab / Getty Images/iStockphoto Once you’ve saved $1,000 in your checking account, it can be hard to know what to do next. Is that too much money to have in a checking account, or too little? Should you be diverting your money toward savings and investments, or do you still need more in your checking account?…
If you are constantly fighting with family members or roommates about turning lights off when they leave a room, automation can help. This isn’t advanced stuff, either: You simply use sensors to detect when someone is or is not in the room. When there isn’t activity, the lights turn off. To start, you need sensors, and there are two types you should look at. The first is a motion sensor, which is exactly what it sounds like. The second is newer—a presence sensor. A presence sensor can tell if you’re just chilling in the room, rather than moving around in it. If you’ve been sitting quietly reading or watching TV, the lights shouldn’t go out on you.
When we ask investors about their realistic expectations for returns on their retirement portfolios, the answers are often anything but: “Anything from 10% at the bottom to 15% at the top” is a common response. Keeping in mind that the average stock market return is around 8% per year, as measured by the S&P 500 index, it’s easy to see why these scenarios, particularly at the higher end, are somewhat overly optimistic.
Getty Images When you log into your bank account, how do your savings look? Probably not as good as you’d like. It always seems like an uphill battle to build (and keep) a decent amount in savings.…
getty Twenty-five percent of jobs will be negatively impacted over the next five years, according to a new report by the World Economic Forum. In a study, New York City-based investment bank Gold…
by Angelica Alzona for Forbes Last week Apple effectively dropped the mic on the nation’s banking industry. While the average bank is paying less than a half a percent on savings accounts, th…
tomch/getty images After being scammed for over $500,000, one man paid one such company $6,500 to recover his stolen savings. A year later, he’s received nothing — and he’s not alone. Like countles…
Image Credits: Apple Apple is taking a big step toward offering more banking services to its customers. The company announced today it’s partnering with Goldman Sachs to soon launch a new Sav…
Your bank may have a higher-yielding savings account — but it won’t necessarily let you know. The Federal Reserve has raised its key interest rate five times this year, most recently on Wedn…
The stock market fell so sharply at the beginning of the year that it felt at times as if it would never come back. But it did, in a weekslong rally that lasted through mid-August and would have be…
Managing your money is obviously an important part of being a responsible adult. But how should you do that? It turns out that there’s a large gulf between the advice given by the authors of …
CEO and Founder of Plinqit, the only savings app of its kind that pays users for learning about finance and savings. Between inflation, rising interest rates and other economic uncertainties, many …
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