» Online Banks

How much money do you put toward your savings account with each paycheck? It is helpful to deposit at least 10% of each paycheck as this gives you a great emergency fund to fall back on but it also helps to have money for holidays, birthdays, vacations, and other special events.  Some companies can set up automatic transfers to your savings account so you do not need to worry about doing it. Others may only be able to deposit to your checking account and then you need to transfer to the savings account.  

What happens if you are struggling to get by? Can you still put money into your… » Read more

How can you find the best bank? There are many different kinds of banks all over the world.  There is a bank on most every corner.  There are large national banks such as Citibank, Chase and Bank of America.  There are also regional banks or small local banks.  They all operate very much in the same way.  They all offer credit cards, mortgages, savings and checking accounts.  The difference in these two is that the large banks are everywhere and the smaller banks are just in your local area.

Credit Unions are like small banks but are more individual.   They are known for higher rates of interest on CDs and… » Read more

As we look for new ways to save money and to have an emergency savings account, there are many different types of savings accounts to use. Online savings rates are typically higher from the traditional savings account you can find with your local bank. Having an emergency savings account is one of the best decisions you can make for your financial health. A good savings account should have between 6-12 months of your income saved up. This gives you plenty of money to fall back on in the event that you end up having troubles with work and lose your job. This will also provide enough money to pay for other needs… » Read more