Saving

CD Laddering: How it Works, and How It Can Maximize Your Savings

Some financial experts, including Rob Bennett of A Rich Life, believe that CDs are some of the best savings options out there. Some CDs earn you higher interest on your money than other types of savings accounts, and many of them come insured by the FDIC to the maximum amount allowed by law. Ally Bank’s CDs come at consistently competitive […]

Saving

The Four-Day Workweek: How It Can Help Us Save

Ask employees if they’d be interested in a four-day workweek, and you’d probably get an enthusiastic “Yes!” Plus, the prospect of a longer weekend would not just thrill employees — studies show that shorter workweeks made up of 10-hour workdays can lead to major savings as well. In Utah, the four-day workweek became the norm […]

Saving

The 529 College Savings Plan: What Is It? And Is It Right For My Child?

Are you looking for a smart way to save for your child’s college education? CDs can be great tools for saving, but if you’re looking to supplement your plan, you may want to consider starting a 529 college savings plan. A 529 plan is an investment account that works like an IRA but, as The […]

Saving

Savings Vampires: The Habits That Hurt Your Savings Goals

Chances are, there’s not a single person out there who isn’t aware of the benefits of saving money. Yet 28 percent of Americans have no emergency savings, and 49 percent don’t even have enough to cover three months of expenses, according to CNN Money. And if you do have enough saved up to cover an […]

Saving

Savings Talk: Start Saving for the Holidays…Now

In previous generations, people saved for the holidays by opening Christmas club bank accounts. These accounts, which peaked in popularity during the ’70s, encouraged depositors to contribute regularly to save for holiday gifts. Low interest rates eventually dwindled the appeal of Christmas club accounts. But the idea of saving for the holidays never went away. […]

Saving

Savings Talk: The First Money Moment That Made Me Feel Like an Adult

For our latest edition of Savings Talk, we asked Amanda Steinberg, founder and CEO of DailyWorth, and Andrew Schrage, co-owner of Money Crashers Personal Finance, to share the money moment that first made them feel like adults. Schrage’s awakening came when he moved into his first apartment. While the experience was liberating, it was also […]

Saving

Savings Talk: Ken Tumin from DepositAccounts.com Tells You How to Build a Smart Ally Portfolio

The following post was written by Ken Tumin, founder of DepositAccounts.com and a contributor to the Ally Bank Straight Talk Blog. For the latest entry in our Savings Talk series, we asked him to share how he combines his Ally Bank accounts with other investments to create a sound financial portfolio. Keep reading for Ken’s […]

Saving

Why Smart Savings Plans are Boring: An Interview with Bargaineering’s Jim Wang

The road to wealth isn’t necessarily built on risky investments and financial gambles. Sure, the fast track can be more exciting. But it can also be plenty dangerous. Sometimes the slowest path – as in methodical, secure saving – is the smartest one. We asked Bargaineering founder Jim Wang to explain why the most boring […]

Saving

Savings Talk: Which Types of Savings Accounts Do You Need?

Opening savings accounts is easy. Coming up with a savings strategy? That can require effort. You need to figure out which types of savings accounts you need, how much money to put in them and when to take it out. To help you plan, we turned to Andrea Woroch, a savings expert who has appeared […]

Saving

Ally Bank Introduces Savings Talk: A New Monthly Column

Today we’re kicking off Savings Talk, our monthly column about the art of saving. While the Straight Talk Blog is always dedicated to giving you ideas on how to make the most of your money, we’ll present a special post each month dedicated to saving. To get things started, we thought we’d examine some of […]

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