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…
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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…
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If you’ve been laid off, or if you’re worried your company is about to cut jobs, you’re not alone. Over the last few years, tons of companies large and small have made cuts to their staff. But don’t worry—you don’t have to be caught off guard. I’m going to walk…
Kids don’t have to wait until they’re 16 to start making money. Whether they’re 5 years old or 12 years old, kids of all ages can earn real cash right now! It just takes some effort and a little imagination. Whether it’s helping around the house, pitching in for a…
If you’re struggling with student loans, car payments or credit card debt, we know how overwhelming it can feel. And with so many “debt relief” options out there, it’s hard to know which ones you should trust and which ones are just a waste of time. But there is a…
You’ve probably heard of Murphy’s Law, right? It says that anything that can go wrong will go wrong. If Murphy has set up camp in your spare bedroom and you’re not sure how you’re going to cover those emergency expenses or pay down your debt, we get it—it can be…
Wondering just how much debt the average American has? We’ve got you covered! We’re going to look at the average American debt and break it down by age and different types of debt, like student loans, mortgages and credit cards. These numbers may make it look like everyone is drowning…
It’s weird to look back over 20 years and see how much has changed in your world. For me, it’s things like, The Dave Ramsey Show is now The Ramsey Show. I’m no longer the only host—I co-host the show with the Ramsey Personalities. My company had fewer than 200…
Generosity is super important to me. I believe it goes hand in hand with contentment and helps us avoid this instant gratification lifestyle that’s just so easy to fall into these days. And one of the many ways to be generous with your money is by giving tithes and offerings.…
If there’s one thing we can all agree on, it’s that a college education is expensive. And although student loans are advertised as the easiest way to pay for college, they’re actually a huge burden on your financial future. That’s why it’s important to plan for your children to go to…
An index fund is a kind of mutual fund that mirrors a financial market index, like the S&P 500. So an S&P 500 index fund would invest in companies included in the S&P 500 index, and the fund’s performance would keep pace with the index. Index funds have a reputation…
You may already know about the tax advantages of investing for retirement with a Roth retirement account. Tax-free growth and tax-free withdrawals in retirement? Sign us up for that every time! And if your money gets to grow from the start in a Roth account, all the better. But you…
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