Budget

How Do CDs Help With Debt Relief plans?

Part of any sound debt relief strategy is having an emergency fund—a place to put money to handle unexpected expenses without adding to your debt burden. Depending on your plans, you may want to have as much as three to six months’ living expenses in your emergency fund, but it may not be wise to […]

Budget

An Important Student Loan Management Tactic

It’s hard to overstate the lifelong value of higher education, yet with today’s high cost of college tuition, books, housing and more, many students and their families find themselves dealing with the challenge of student loan debt. What’s more, when it’s time to pay off student loans, recent college grads often face questions about other […]

Budget

Six Smart Ways to Help Stop Debt From Getting Out of Control

Having some debt, such as a mortgage or car and student loans, is to be expected. However, accumulating an unmanageable amount of debt—especially unsecured, high-interest debt—may cause undue stress and financial hardship. But the good news is that there are many ways you can help stop debt from becoming a problem by taking control of […]

Finance Basics

FINRA BrokerCheck: Defend Against Investment Fraud and Abuse

Consumers frequently rely on online reviews to help them make decisions about where to spend their money. Homeowners have Angie’s List to research a variety of home-improvement professionals; vacationers can check hotel ratings, pictures and pricing on TripAdvisor; and Consumer Reports provides reviews and ratings on a variety of consumer products. The Financial Industry Regulatory […]

Budget

Make a Savings Account Your Emergency Fund

A savings account can be more than just a place to park your money until you need it. It actually can be the foundation of your overall debt management plan. And if you've decided to get out of debt altogether, a savings account can even help you reach your goal. For starters, you can sign […]

Finance Basics

Using Youth to Your (Financial) Advantage

Youth has its advantages when it comes to compounding interest. Here’s how it works. Let's say you deposited $1,000 in a 12-month certificate of deposit (CD), and your balance is $1,010 at maturity. Then, instead of withdrawing the $10 in interest earnings, you renew your CD for another 12 months under the same terms. Now […]

Finance Basics

How Financially Agile Are You?

Personal financial liquidity is a relative concept: some liquid assets are more liquid than others. Certificates of deposit (CDs), for example, may be more difficult to convert to cash because you usually have to pay an early withdrawal penalty if you withdraw money from the account before the maturity date. At the other end of […]

Finance Basics

You’ve Won Money, Now What?

If you're lucky enough to enjoy a financial windfall, from lottery winnings or a business investment, it can be tempting to spend it on things you don't really need. But if you do your research and weigh your options, you might make better financial decisions and discover a great opportunity to make that money work […]

Finance Basics

A Money Market Account, Savings Account or CD?

When you think about what to do with your cash assets, you may be trying to decide whether to open an online savings account, money market account or certificate of deposit (CD). Start by figuring out how much cash you're depositing and for how long. A general rule of thumb is that the more you […]

Finance Basics

Money Market Accounts vs. Bank CDs

CDsWhen you open a certificate of deposit (CD), you agree that you will not withdraw the funds until the maturity date, which varies from a few months to several years after you open the account, depending on the term you choose. You can close a CD before the term ends, but you typically will pay […]

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