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
Sometimes, renting is a much better option than buying a house. Yep, it’s true! When you’re just starting out after leaving your parents’ house, working hard to get out of debt, or newly married, renting is a great idea. And renters are definitely in good company—more than 100 million people…
So, you’re eager to pay off your mortgage early? That’s a great financial goal to set for yourself! Not only is there huge freedom in being completely debt-free and living in a paid-for house, but it’s also a great way to build wealth—getting rid of your house payment leaves you…
Renting versus buying is a big decision. It’s right up there with, Should we watch a Disney movie or a Pixar movie? Well, not really. Your decision about where to live is way more important and longer lasting than what you watch with your kids tonight—plus, the price has a lot more…
Saving for a house is no walk in the park—unless that park is a mountain. In fact, nearly 3 of every 10 first-time home buyers say the most difficult step in the home-buying process is saving for a down payment.1 But when you set a clear goal, you can see…
It might feel impossible to save a down payment while renting. After all, rent is expensive! And it’s not getting any cheaper. The national median rent for a two-bedroom apartment is $1,370.1 So, how in the world are you supposed to save a down payment big enough to buy a…
So, you’re thinking about buying a house. That’s exciting! Not only is buying a home a great way to build wealth, but there’s something special about owning your house—it feels more like home. But I’m guessing you’ve got one big question on your mind: How much money do I need…
You’ve scrimped and saved like Uncle Scrooge, and now you’re ready to put that pile of cash toward buying a house. Congrats! But dropping hundreds of thousands of dollars on a home can feel about as high-stakes as putting all your chips on black and spinning the roulette wheel—especially if…
Between the washer, the dryer, the fridge, the dishwasher, the soothing salt lamp, and all our plugged-in devices, we use a lot of energy every day. In fact, Americans spend an average of $138 on electricity per month, or $1,656 per year.1 If you find yourself watching the thermostat like…
Work-from-home jobs have exploded in popularity over the past few years, and Americans’ enthusiasm for remote work is still going strong. It’s easy to see why: The best work-from-home jobs can offer flexible hours, freedom to travel, and nonexistent commutes. And believe it or not, people still get work done.…
Unless you’re one of those unicorns who knows they were born to be an astronaut, figuring out what you were created to do can feel overwhelming. And if you’re not satisfied in your career right now, that’s okay. I’m going to walk you through six steps to choosing a career…
Editor's Pick
