One of the best things you can do for your finances is to be in the habit of setting short-term savings goals. Many of us think of saving as something we do for the long term, like when we want to buy a house or retire. However, getting in the habit of setting short-term savings goals can help you better manage your finances so that you aren’t spending money you...

One of the ways that you can get a little more of a yield on your cash is to make use of money market products. However, it is important to understand the difference between the different money market options you have. The two main options that many people have to choose from when it comes to money market are: Money Market Bank Account Money Market Mutual Fund Both types...

With the popularity of online savings accounts on the rise, many people are looking at local banks and wondering what will come of them. One of the most common questions is: are local bank savings accounts a thing of the past? While there has definitely been a shift in the way people are saving their money, local banks still have a lot to offer (It’s Important to...

[ad#Left-Align Content Ad]While local brick and mortar banks will always be common, online financial institutions are picking up a lot of steam. Over the past five to ten years, online savings accounts have become more and more popular. Why do so many people rely on online savings accounts? The main reason for this is simple: higher interest rates than local competition. On...

One of the things that I notice each year is that my health insurance premium always goes up. And, this year, I got an extra kick in the face by having my health insurance premium go up while, at the same time, the prescription benefits associated with the plan went down. So, not only am I paying more in premiums, I am paying more for my prescriptions. We really don’t...

If you are having trouble trimming the fat from your budget, it might be because you do not realize that you are paying too much for some things. And by too much, I mean paying anything at all. The truth is that there are plenty of ways to get things for free these days. Here are 4 financial products you might be paying too much for: 1. Credit Report You know you need...

September is National College Savings Month. Are your kids saving for college? If your child is planning to attend college, it is a good idea to have him or her start saving as early as possible. Indeed, it can help for you to start saving on their behalf. The cost of tuition continues to rise, and your children will need a significant amount of money if they are to reduce...

One of the issues that many have with CDs is the fact that the yields can be somewhat low. Indeed, with most cash products, the yield is relatively low. This is because cash is mostly safe, with your principal, up to $250,000 per account, guaranteed by the FDIC (assuming you have your account at an insured bank). CDs see a little higher yield than you will get on many...

One of the ways that you can get a little bit more out of your cash is to use CDs. A certificate of deposit often has a higher rate of return than what you would get for a traditional savings account, and for some other cash products. You can look for high-yield CDs as well, and boost your earnings. However, CDs do come with different drawbacks. One of them is that, even...

One of the ways that many people choose to save money is with the help of certificates of deposit (CDs). This is because Certificate of Deposits are cash products that often offer higher yields than savings accounts. For those interested in capital preservation, with a little bit of growth, CDs can be quite helpful. A CD is a deposit that you make, but it is more than...