Category:
Budgeting

White piggy bank on a laptop computer, depicts high-yield savings account.

Advantages and Disadvantages of High-Yield Savings Account

By Alan Schmadtke | September 12, 2024

A High-Yield Savings Account is a popular choice for anyone looking to put some money away for future use. These high-performing accounts deliver a higher annual percentage yield (APY) compared…

Businessman marking check sign on calendar for monthly expenses

List of Typical Monthly Expenses

By Phil Sheridan | September 4, 2024

It can be overwhelming to manage your everyday life while also trying to manage your money responsibly. That’s a lot of plates in the air for most of us. People…

Excel style software program on laptop screen in office desk illustration for budgeting.

How To Use Excel for Budgeting

By Tom Jackson | August 13, 2024

Creating a proper budget is fundamental to good financial health. Indeed, it’s the most valuable lesson anyone can learn. Most Americans — 53% — agree with this, according to a…

A piece of cardboard that says - High-Yield Saving Accounts.

How To Open a High-Yield Savings Account

By Phil Sheridan | August 7, 2024

Having an excess sum of money to deal with is not the worst problem in the world. It can be a challenge, however. What do you do with money you…

Budgeting Tips For Beginners with inscription on the piece of paper.

Budgeting Tips for Beginners

By Pat McManamon | July 24, 2024

A budget will help ensure you do not spend more than you make. A budget allows you to understand what is going into the bank, and more important what is…

Elderly lady using calculator, personal budget concept

How to Budget Money on a Low Income

By Michael Knisley | July 18, 2024

Is this what you’re up against? In one direction, you see the molehill of your monthly income. In the other direction, you see a mountain of monthly expenses, and that…

Family working on a finance budget on the computer

Budgeting Tips for Families

By Maureen Milliken | July 12, 2024

Managing money seems tougher than ever these days. Rising prices, skyrocketing interest rates, credit card balances that never get smaller … it’s a full-time battle for most of us and…

Piggy bank and high yield savings account words on it.

How Do High Yield Savings Account Work?

By George Morris | June 26, 2024

Putting aside money safely is easy if you don’t expect any return on your savings. Burying it in the backyard is low risk as long as you remember where you…

Woman filing taxes from savings account

Do You Pay Taxes on a High-Yield Savings Account?

By Tom Jackson | May 9, 2024

High-yield savings accounts have become the no-brainer strategy for large portions of the investor class, for an assortment of compelling reasons. But keep a rein on your enthusiasm for this…

Man with calculator doing Zero-Based Budgeting

Zero Based Budgeting

By Sarah Brady | April 11, 2024

Even a broken clock is right twice a day. If you look for financial advice on TikTok, there’s a good chance you’ll come across misinformation. But every once in a…

Sources:

  1. McFadden, A. and McNutt, E. (2024, July 3) July 3, 2024’s top savings account rates. Retrieved from https://edition.cnn.com/cnn-underscored/money/savings-account-rates-today-07-03-2024
  2. N.A. (2024, June 17) National Rates and Rate Caps. Retrieved from https://www.fdic.gov/resources/bankers/national-rates/index.html      
  3. N.A. (2024, May 13) Pros & Cons of a High-Yield Savings Account. Retrieved from: https://www.pnc.com/insights/personal-finance/save/pros-and-cons-of-a-high-yield-savings.html
  4. N.A. (2024, April 1) Deposit Insurance FAQs. Retrieved from https://fdic.gov/resources/deposit-insurance/faq/index.html
  5. Porter, K. (2024, March 14) What are the pros and cons of high-yield savings accounts? Retrieved from https://finance.yahoo.com/personal-finance/pros-cons-high-yield-savings-accounts-142347412.html
  6. N.A. (2022, July 28) Policy Fact Sheets. Retrieved from: https://www.fdic.gov/news/fact-sheets/crypto-fact-sheet-7-28-22.html
  7. N.A. (2020, April 24) Federal Reserve Board announces interim final rule to delete the six-per-month limit on convenient transfers from the "savings deposit" definition in Regulation D. Retrieved from https://www.federalreserve.gov/newsevents/pressreleases/bcreg20200424a.htm
  8. N.A. (ND) How Do I Know My Credit Union is Federally Insured? Retrieved from https://ncua.gov/files/publications/guides-manuals/NCUAHowYourAcctInsured.pdf
  9. N.A. (ND) Regulation D1 Reserve Requirements. Retrieved from https://www.federalreserve.gov/boarddocs/supmanual/cch/int_depos.pdf