While it’s always a good idea to save money, especially for “big-ticket” goals like retirement, college and emergency expenses, there are some times in life when you might not want to save as much as others. Is it ever okay not to save money?
Posts Tagged ‘savings account’
3 Times in Life When It’s Okay NOT to Save Money
November 29, 20116 Weird Ways to Boost Your Emergency Fund
September 27, 2011If your emergency savings fund is looking a little sad these days – or worse, is non-existent – it’s time to get creative. After you’ve made as many cuts to regular bills and expenses as you can to free up cash for your savings, the next step is to increase the income side of the equation? Don’t have time for a second job? Don’t worry – there are plenty of unusual ways to earn cash without taking on another job.
SmartyPig Review: Online Savings for the Goal-Oriented
May 18, 2011Learn more about some of the great financial tools offered inside of Quizzle, including SmartyPig, an online “piggy bank” that helps people save for specific goals like a wedding, vacation, car, a down payment on a new home, home improvement or other “big ticket” expenses.
US Series I Savings Bonds: A Bad Idea for Your Tax Refund?
March 29, 2011If you’re fortunate enough to receive a tax refund this year, you may be interested in stashing that money somewhere safe where it can grow. A US Series I Savings bond is considered by many to be a conservative investment for several reasons. Find out what perks the IRS is offering to put your tax refund into savings bonds, what the benefits of these investments are and if they’re right for you and your money.
Savings Accounts: Online vs. Offline
March 11, 2011Everyone is in pursuit of the highest interest rate savings account. Traditionally, opening a savings account requires a trip to your local bank. Modern times call for modern measures and now online savings accounts allow you to open and manage your savings account completely on the Internet. Before you run off to open your online savings account, first learn the pros and cons of each type of account.
Cash Savings: Is It Better to Sit on It, Invest It or Use It?
January 28, 2011If you happen to be sitting on some extra cash, you may be wondering how to put it to its best use. The answer depends on your personal financial situation. Learn how to assess your situation and determine when to save your cash, when to invest it and when to use it to pay down or pay off debt.
4 Ways to Keep More of Your Monthly Income
January 6, 2011Most consumers are looking for ways to stretch their income and maybe save more money for the future. If you get ever short on cash, the easiest way for you to solve this problem is to cut down your monthly expenses. Saving money may not be an easy task to do, but it’s definitely not impossible no matter what your personal financial situation is. Here are four easy ways for you to keep more of your monthly income.
The Secret to Building Wealth: Live Frugally
October 18, 2010Many people think wealth comes primarily from owning your own business, holding a high-paying job, investing in real estate or the stock market, or receiving an inheritance – not to mention winning the lottery! Yet these are not reliable wealth-builders. Certified Financial Planner™, Rick Kahler, covers the real secret of building wealth and how you can achieve financial success of your own.
What the Heck Is the Fed Funds Rate and Why Should I Care?
September 23, 2009The Federal Open Market Committee (FOMC) – a bunch of smarty-pants from the Federal Reserve Board and Federal Reserve Bank – meet eight times a year to talk about money issues, one of them being the federal, or “fed,” funds rate. The fed funds rate is the rate at which banks lend money to one [...]
Fed Leaves Key Rate Unchanged, Sees Signs of Economic Improvement
September 23, 2009The Federal Open Market Committee, aka the “Fed,” announced today that it will keep its fed funds rate at the 0% to 0.25% target range. The fed funds rate is the rate at which banks loan money to one another and may impact the interest rates on your credit cards, savings accounts, short-term loans (like [...]
