Whether you’re just starting out in life or newly single and ready to mingle, it’s important to grow your retirement savings, tackle debt, and build the foundation for a comfortable financial future. And singles are often uniquely positioned to work toward those goals — as long as they have a plan.
Many are currently questioning the value of pricy college degrees that may or may not lead to well-paying jobs. According to researchers Jaison R. Abel and Richard Deitz of the Federal Reserve Bank of New York, nearly half of college graduates are underemployed, meaning they work in jobs that don’t require a college degree. Further,
Country wisdom is the collection of practical experiences gained by generations of pioneers, farmers, and ranchers as America transformed from a vast frontier to the world’s greatest economy. That experience – the result of constant trial and error – was passed from parent to child in plain language that left no room for misinterpretation. Living
Have you ever heard someone talk about how they use their credit card and just had to shake your head? Though the Internet is filled with good advice on how to use credit cards and rewards wisely, some people are just not getting the message. Of course, what’s really going on is they’re getting a
When newcomers start to invest, one of the first lessons they come across is a lesson on diversification. Just about every article with tips on reaching investing success talks about diversification in investing. On the other hand, some of the world’s most well-known investors advise against a diversified portfolio. Even the great Warren Buffett was
If your traditional bank’s savings account yield is less than impressive, many online banks, community banks, and credit unions offer high-yield savings accounts with better interest, terms, and incentives. Pick the one that’s right for you.
The difference between APR and APY is one of the basic considerations that you need to know for handling your own finances. What is the difference between APR and APY? Read on to learn about these two rates, how each is calculated, and how you can use them in your purchasing and investing decisions.
If you want your kids to grow into wealthy, financially literate adults, you’re going to have to teach them about money. Here are some important accounts you can open on your child’s behalf to help them learn good financial habits.
If you’re ready to teach your child about money management, giving your child their own debit card and allowance gets them off to a good start. But there are advantages and disadvantages.
Given the hefty upfront costs associated with purchasing a home, most young people begin their independent lives renting an apartment. As they build careers, save money, and start families, many choose to buy a home. On the other end of the age spectrum, homeowners nearing retirement may choose to sell their family homes, downsize, and become renters once
For many years, the financial crisis of the late 2000s left a persistent legacy: stubbornly low interest rates on low-risk, low-reward investment vehicles. Rates on savings accounts, money market funds and government bonds remained at or below the rate of inflation basically through the 2010s, and interest rates on consumer-facing mortgages and auto loans remained
Thanks to widespread manipulation, the all-important benchmark rate known as Libor is out. SOFR is in. Find out how it improves on its predecessor and learn its potential areas for concern.
