Depending on where you live and how you save, you may be able to take advantage of various tax benefits when it comes to your personal savings. If you’re a U.S. citizen, interest on savings is usually taxable although how it’s taxed may vary. Some interest is tax-deferred which means you will only pay tax […]
October 2022 Americans Seeking Safety for Their Savings Hits 2008 Financial Crisis Levels US searches for “CD rates” and “best savings rate” reach highest levels since 2008 Financial Crisis. Analysis reveals New Jersey has the highest rate of people searching for safety and interest income. New York and Connecticut rank second and third, respectively. Main […]
I’ve been focused on educating readers about investing and I will continue to do so. Sharing what I’ve learned through studying, research and my own experiences. But learning about something is only as useful to you as being able to apply it in the real world. For people who are not currently investing, it’s like […]
Contrary to its name, a savings account isn’t actually good for all types of savings, and some would argue they aren’t good for any savings. Like most things, savings accounts are good for some things, and bad for others. Most savings accounts offer extremely low-interest rates. So low, that you could probably pick up more […]
It’s inevitable. In every life a little rain must fall. I’m not talking about floods or a Noah’s ark-type deluge, but more like the kind of unexpected shower that really messes up your day. The kind that comes with an equally unexpected price tag. Like when your car makes a “funny” noise that ends up […]
The Automatic Millionaire by David Bach was one of the first personal finance books I ever read. It’s a fairly easy read with some very practical lessons. The book has three major concepts that are still very relevant nearly 14 years after it’s initial release. Pay yourself first Put it on automatic The “latte factor” Pay […]
Has the shame of never having “enough” to save prevented you from saving at all? I feel your pain. In fact, if you and I went toe to toe in the Shame Olympics, you’d be lucky to get the bronze. I’m a guaranteed gold medalist in any shame game you’d care to play. That’s why […]
It sometimes seems like savers can’t get a break these days, at least not at their local brick and mortar bank. Interest rates have been low for quite some time. And while that might be great news if you’re in the market for a loan, it’s not so great news if you’re looking to squirrel […]