Certificates of deposits (CDs) continue to be worth considering as a component of your savings strategy in 2025. Yields on the best CD rates increased to highs not seen in years, thanks to the Federal Reserve raising its benchmark rate 11 times in 2022 and 2023. In 2024, yields dipped…
When the Federal Reserve changes interest rates, consumers feel the ripple effects in all sorts of ways. For savers, banks offering top interest rates tend to pay more when the U.S. central bank hikes rates and less when it cuts them. “Regardless of what the Federal Reserve decides to do,…
When the Federal Reserve cuts interest rates even by just 0.25%, it will have a direct impact on your finances. While a quarter of a percent may sound small, even slight changes in rates can ripple through the economy affecting everything from credit card payments to mortgage rates (more on…
Life throws curveballs. And often those curveballs mean you’re spending your hard-earned savings or you’re borrowing money instead. It can feel like a catch-22: Creating savings should help you avoid costly borrowing, but spending it equals losing it and going back to square one. So what is a saver to…
Trending
Spotlight This Week
More Articles
Personal Finance
The big new fees JPMorgan Chase is planning to charge some financial technology companies may well trickle down to consumers,…
With artificial intelligence beginning to eat away at many white-collar entry-level jobs, and the unemployment rate for recent college graduates…
If a society is going to make intelligent choices in policy, it helps to understand reality, which includes facts and…
New York startup Casap has raised $25 million in new funding to help banks tackle the thorny problem of credit…
Featured Articles
How long it takes to get a 401(k) loan can vary depending on your employer, plan administrator and whether your plan offers an online portal or requires paperwork. In some cases, the process may take just a few days. In others, you may need to…
Dept Managmnt
Key takeaways A divorce decree outlines which spouse is legally responsible for each debt after the divorce is completed. States either have community…
Banking
When it comes to selling coconut water to the health obsessed, New York’s Vita Coco has served up a master class, schooling even…
Credit Cards
All News
As we kick off the new year, a lot of folks seem to be on edge about the economy and their own personal finances. According to Ramsey Solutions’ State of Personal Finance study, the vast majority of Americans (78%) are worried about the economy, and almost half (49%) said they’ve had…
Hey, we all know at least one or two people who work for the government—your cousin the park ranger, your neighbor the air traffic controller, your friendly neighborhood mail carrier. Or maybe you have a government job yourself. What all these people have in common (besides being federal employees) is…
How much student loan debt do you think the average college student racks up by the time they cross the graduation stage? Seriously, take a guess. $10,000? $20,000? You’d be what’s known as wrong. The average college student graduates with a whopping $38,290 of student loan debt.1 Yikes. And that’s just…
Owning your own business comes with a lot of benefits. You work at your own pace on your schedule, you make the rules, and you get to make pretty much all the decisions . . . after all, you’re the boss. But there are downsides too—like shouldering all the risk,…
If you want to qualify for financial aid to help pay for college, you’ll need to submit the Free Application for Federal Student Aid (FAFSA). The FAFSA is a free application that the government and colleges use to decide how much money to give you for school. You can apply each…
If you work for a nonprofit or tax-exempt organization, you might’ve noticed that something’s missing from your retirement options. Wait a minute, you say to yourself, why isn’t there a 401(k) option in here? That’s because most teachers, government employees, nurses, doctors and others who spend their careers serving others have access to…
Whether your kids are still crawling around the living room floor or getting ready to graduate from high school, there are plenty of ways you can give them a head start on their financial future. After all, time and compound growth are on their side—and that’s perfect for kick-starting your…
Dreaming of early retirement? Maybe earning enough money to cover your needs and a few more of your wants? Yeah, those are some great dreams—and they’re well within reach if you can start thinking bigger than just the income that comes with your 9-to-5. Now, you could take on another…
Are you ready for the greatest wealth transfer in history? Ready or not, it’s already happening! It’s estimated that $70 trillion worth of assets will pass down from older to younger generations over the next two decades.1 That is a lot of money—and some of it might be heading your way. But if…
We’ve all been there: You’re sitting in front of your computer at the office, thinking about what’s for lunch or which extracurricular activity you need to drive your kids to later. Nothing on your to-do list seems that interesting, and not even a double espresso can make you feel motivated.…
Editor's Pick
