The sooner you teach your children the basics about budgeting, the better, and the 3-jar money system is a great way to get started.
When you leave a job with a 401(k), you’ll generally have four options for what to do with the money. Each has its own benefits and drawbacks, so deciding what’s right for you will depend on your situation and preferences.
Frugal living discussions often talk about pinching pennies or “stretching a dollar.” A penny saved is a penny earned, or so the saying goes, but is that actually the case?
If you're willing to wait, a CD can be a great way to earn a high interest rate on the money you deposit.
If you're building an emergency fund, saving for a big purchase, or getting money together to invest, using an insured savings account can put you on the right road.
Opening an account at a bank or credit union is the first step toward owning your personal finances. Best of all? It’s super easy.
Most people ask, "How much does college cost?"—that’s the first mistake. It’s not to say this question isn’t answerable, but grouping college into one huge expense can be a little deceiving.
Investing can seem like a very risky, complex and fast-moving process. With endless combinations of investment vehicles to choose from, it can be difficult to take your first step as an investor—especially with the knowledge that all investments carry the risk of losing some or all of your money. So why bother?
In case you haven’t heard, compound interest is the best.You may remember it as an equation you had to memorize for math class, but it’s so much more than that. It’s the concept that powers all sorts of savings and investment products and, over time, allows you to turn your money into, well, more money!