In all honesty, the allure of CD accounts has all but faded in our current interest rate market. CD accounts can still be useful tools, though. With higher rates than traditional checking and savings accounts, on average, these accounts are great when trying to grow a set amount of funds, on the side, for a future expense or goal.
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Making a donation to a charity is a great way to fill up on feel-good energy, but there might be an additional benefit, too: tax savings. But don’t get too excited just yet: Not all donations can be deducted and not all charitable organizations qualify.
When you are in the choking hands of debt, bankruptcy might seems like the only way out. The solution some people turn to when they are in financial holes, bankruptcy is — in reality — not an easy fix and should not be considered lightly.
Good credit is a lofty goal, but what about perfect credit? Securing the best three-digit FICO score can save hundreds of thousands of dollars during your lifetime. With FICO scores ranked from 300 to 850, reaching the top of the pack — the so-called “800 Club” — is a goal few consumers achieve.
The dream of homeownership can quickly turn into a nightmare, leaving you with enough financial regrets to last a lifetime. Don’t let the home-buying process make a financial fool out of you. Here are seven of the biggest home shopping and mortgage mistakes to avoid.
One in five Americans has hidden a purchase of $500 or more from their significant other, according to a new study from CreditCards.com. And an estimated 7.2 million Americans have a bank account or credit card that their spouse doesn’t know about.
Two of the more commonly talked about debt reduction methods are the debt snowball and the debt avalanche. With the snowball method, people focus on paying debts off one at a time, in the order of smallest to largest balances. With the avalanche method, you pay off debts one at a time in the order of the highest interest rate first. So which method is better for you?
Many mistakenly believe they need to spend years in school or have a vast amount of work experience under their belt before they can start earning a decent salary; this is simply a misconception. There are a number of incredibly lucrative jobs out there that don’t even require a college degree.
Changing the type of checking account you have, or even switching banks altogether, can save you money, increase your earnings and help you stay on top of your financial goals.
What if you could work toward reaching multiple 2015 savings goals simultaneously? Instead of setting aside funds in a catch-all savings account, setting up a specific sub-savings account for each of your goals can help keep your various objectives in sight and on track.
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