Uncertainty in the job market and the stock market has many older workers contemplating retirement. If that includes you, 9&10 News is the place to turn every weekend. You can get tips and tricks to help you plan for retirement every Sunday morning at 11:30 on Retiring Well. This week, they’re talking about how to […]
The beauty of high-yield savings accounts is that you don’t have to put down a lot of moneyto see your savings grow. Thanks to compound interest, you can start off small, and, after making incremental deposits each week, your balance will balloon over time. Our favorite high-yield savings accounts require low (or no) minimum balances to […]
There’s been a lot of bad economic news lately, which isn’t great for Americans who were already stressed about fulfilling important financial goals such as saving enough for retirement. But there’s finally some good news that could help to put your mind at ease about your future. Recent research has shown that a surprising number […]
Probably the last thing you want to think about during a crisis is working on healthy financial habits like saving money. But if you’re able to save, you can make your eventual recovery easier. “Every time you put some [money] away, you’re looking out for your future self,” says Saundra Davis, founder and executive director […]
COVID-19 has changed everything, including your credit card. In an effort to mitigate risk, several major issuers lowered the limits on some consumer’s accounts and other issuers halted or reduced their zero-interest balance transfer offers. These include: Chase. Cutting existing limits. Discover. Lowering limits on new accounts. Synchrony. “Dynamically” lowering (or raising) limits on some accounts. American […]
When it comes to money management, everyone has a different style. After talking to a handful of millennials across the U.S. about how they earn, save and spend their money, CNBC Make It rounded up the mindsets and strategies that have helped them pay down debt, spend within their means and save thousands of dollars. Here’s what […]
For many of us, the hope is to glide into retirement sometime in our early to mid-60s. After 40-plus years of hard work, it’s time to enjoy the fruits of our labor — on our own terms. Except when things outside of our control derail those well-laid plans. Instead of a gradual transition, we get […]
Individuals and small businesses alike have adopted peer-to-peer (P2P) payment apps to make convenient mobile money transfers. Whether it’s splitting the restaurant bill with your friends or collecting payment for your restaurant or small business, you’ve likely been using PayPal and Venmo more than you expected to even a few years ago. The convenience and […]
Chances are good that Social Security benefits will be a key source of income in retirement. In fact, for half of older married couples and seven in 10 unmarried seniors, at least half of household income is from the Social Security Administration (SSA). And for one in five married retirees and 45% of singles, a […]
Investment benchmarks are kind of like all those random signs you pass on the road. Sometimes, they’re informational. Sometimes, they’re entertaining. But all too often, they’re just downright distracting. And if you put too much focus on the wrong ones, you could end up hurting your chances of ever getting where you want to go. […]
Student loan refinancing rates are near record lows, but you may be waiting to take the plunge. It makes sense to stick with current student loan relief options that pause your federal student loan payments. That’s free money, more or less, and can help you get your finances in shape. But if that benefit ends as scheduled […]
Food is a priority when it comes to your weekly and monthly budgets. But sometimes your that grocery bill can feel as daunting as a car note. There are small ways to cut back which can add up to big savings. The Department of Agriculture (USDA) estimates a family of four with children under 5-years-old spends […]
