Category:
Budgeting
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…
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…
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…
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…
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…
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…
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…
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…
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…
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:
- 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
- N.A. (2024, June 17) National Rates and Rate Caps. Retrieved from https://www.fdic.gov/resources/bankers/national-rates/index.html
- 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
- N.A. (2024, April 1) Deposit Insurance FAQs. Retrieved from https://fdic.gov/resources/deposit-insurance/faq/index.html
- 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
- N.A. (2022, July 28) Policy Fact Sheets. Retrieved from: https://www.fdic.gov/news/fact-sheets/crypto-fact-sheet-7-28-22.html
- 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
- N.A. (ND) How Do I Know My Credit Union is Federally Insured? Retrieved from https://ncua.gov/files/publications/guides-manuals/NCUAHowYourAcctInsured.pdf
- N.A. (ND) Regulation D1 Reserve Requirements. Retrieved from https://www.federalreserve.gov/boarddocs/supmanual/cch/int_depos.pdf