Sunday, 24 January 2021
Updated on Wednesday, January 20, 2021 Having emergency savings as a fallback plan can be especially important amid a global pandemic. But, according to an analysis of data from the U.S. Bureau of Labor Statistics, San Francisco residents need to have an average of $54,608 saved if they want a […]
Updated on Wednesday, January 13, 2021 When your unpaid debt goes into collections, you’ll likely receive calls and letters from collectors urging you to pay. If your debt remains unpaid, in some cases, creditors can pursue wage garnishment as a last-ditch attempt to recoup their losses. Wage garnishment is a […]
Updated on Thursday, January 14, 2021 When COVID-19 hit, the whole world anxiously watched the pharmaceutical sector for a cure. And it came through, creating a vaccine in record time. This success led to a new surge of investor interest, as 36% of investors expect to put more money in […]
Updated on Monday, January 11, 2021 While they say there’s no such thing as a free lunch, many banks and credit unions offer nearly free checking accounts — whether it’s by having no monthly maintenance fee or no minimum deposit requirement, which makes them free to sign up for. Having […]
Updated on Friday, January 8, 2021 Savings bonds are a popular savings vehicle for conservative investors, as they are backed by the full faith and credit of the U.S. government. With savings bonds, you are paid a fixed interest rate on the principal paid for the bond. Just like other […]
Updated on Thursday, January 7, 2021 A certified check is much like a personal check you write, except that the bank is the one that issues it. Your bank will set aside money from your account and guarantee that the funds will be there when someone goes to cash the […]
Updated on Thursday, January 7, 2021 From individual retirement accounts to employer-sponsored 401(k) and 403(b) plans, the average American household has seen retirement accounts grow by 5%. Our 2021 retirement statistics guide aims to provide a well-rounded view of trends, from average retirement savings to how many Americans have retirement […]
Updated on Tuesday, January 5, 2021 You can easily find your account number on the bottom of a check, among other places.Your bank account number is a critical component to your finances, as it tells the bank which specific account to transfer money to and from. It is important to […]
Updated on Wednesday, January 6, 2021 An expense ratio is the ongoing fee you pay to invest in a mutual fund, index fund or exchange-traded fund (ETF). Like with any fee, a fund’s expense ratio reduces your existing assets. The expense ratio is automatically deducted, rather than charged in an […]
Updated on Tuesday, January 5, 2021 Spending money is easy and saving money is hard. We get it. That being said, there are concerning savings habits that more than 7 in 10 consumers share. A MagnifyMoney survey of more than 1,000 Americans looked at how consumers prefer to save money, […]