Life is full of financial curveballs. Whether it’s sudden car or home repairs or unplanned medical bills, unexpected expenses always have a way of popping up. An emergency fund is a crucial component of a healthy financial plan because it can keep you afloat while you deal with impromptu financial setbacks.
Savers are rejoicing as rates continue their upward trend. However, many are reluctant to lock in their funds because they fear they will miss out on better rates down the road. So, how can you maximize your returns now without sacrificing higher rates in the future? It’s a unique strategy called certificate laddering.
We all have financial goals we want to achieve one day. Different goals require different tools and tactics. For example, retirement planning relies heavily on tax-advantaged accounts and long-term investments. But what about short-term goals - those that you hope to achieve within two or three years?
Your checking account is like the worker bee of your financial accounts. It’s constantly active. Between paychecks coming in and funds from everyday purchases going out, it never rests. Having a checking account that is flexible is paramount. But what if you could keep that same flexibility while earning even more in return?
Everyone needs and deserves a nice vacation. It’s a chance to escape the daily grind, have fun with family and friends, and unwind. As your vacation date inches closer and the excitement builds, it’s easy to overlook some last-minute household items to check off your to-do list.
When it comes to investing your money, a wide range of options are available. However, with a plethora of choices also comes the possibility of increased risks. What if there was an option to invest your money and earn a significant return without any risk? You’d probably think it’s too good to be true. It’s not a myth; it’s called a Share Certificate Account.
Time is your best friend when it comes to saving for retirement. The longer your investments can grow and compound, the greater your nest egg will be once you retire. But people often overlook the benefits of specific tax-advantaged retirement accounts, such as IRAs. The sooner you being utilizing these accounts, the greater your tax savings will become.
Finding ways to save more money should always be a financial priority. However, you can only trim expenses so much before it feels like you’ve cut all the fun out of life. Luckily, boosting your savings doesn’t have to be so drastic. Instead, it all comes down to how you save – not necessarily how much you put aside.
After a year of surging prices, members are still grappling with the effects of rising inflation. Add in the rocky performance of Wall Street, and people are looking for a silver lining. One such opportunity is beginning to shine as savings rates also start to climb – it’s called a certificate of deposit (CD).
Every day, our cash society seems to move more into the digital realm. A prominent cause of this shift is convenience, and mobile wallets make the transition seamless. Despite the rise in popularity, many members are still unsure about this newer technology. Is it safe? What happens if you lose your phone? It makes sense to be hesitant since a mobile wallet can hold so much of your financial information.
