Checking Account

September 21, 2023In volatile markets, certificates of deposit (CDs) stand as a beacon of stability and opportunity through their unique blend of security and growth potential. However, surprise expenses can come up, leaving you wishing you could withdraw your funds before the term expires. Fortunately, CD loans are available at some banks and credit unions, allowing you… Read more…

September 8, 2023It’s been some time since certificates of deposit, or CDs, were a good investment, but that’s changing in the current market. Today’s higher interest rate environment has made CDs not just viable, but for the first time in years, a potentially strong near-term investment. While average interest rates on 5-year CDs have climbed to just… Read more…

August 25, 2023Banking offers many options for your business needs. One such offer is a zero balance account, which offers businesses an effective way to optimize cash management, improve liquidity, reduce borrowing costs and streamline financial operations. Here’s a breakdown of the advantages and disadvantages.  A financial advisor can help you create a financial plan for your… Read more…

August 23, 2023Online savings accounts offer some attractive features including minimum balance requirements that are generally lower than traditional savings accounts. In fact, the typical online savings account has no minimum balance at all, compared to minimum balances of hundreds of dollars required by many financial institutions with physical branches. Online savings accounts may not be right… Read more…

August 17, 2023Almost everyone has a checking account, but the amount of money people keep in their checking accounts varies widely. Checking account balances tend to vary with income, age and other factors. Deciding how much money to keep in your personal checking account requires looking at more than your paycheck and birth certificate, however. Here’s what… Read more…

August 17, 2023Managing your finances, especially as pertains to planning for retirement can be a daunting task, but simplifying it typically starts with grasping the concepts of compound interest. Compound interest, when used strategically, can significantly contribute to your progress toward financial health and long-term wealth creation. You can build your compound interest in a number of… Read more…

July 28, 2023Both the Federal Deposit Insurance Corporation (FDIC) and the National Credit Union Administration (NCUA) insure financial institutions with the backing of the government. But while the FDIC provides insurance for bank deposits, the NCUA insures credit union deposits. Here are the key differences. If you want to maximize your savings, a financial advisor can help… Read more…

July 17, 2023Use SmartAsset’s CD calculator to see how much your CD can earn based on your deposit size, the length of the term, its interest rate and how often it compounds. Understanding CDs Certificates of deposit (CDs) can be a safe and steady way to grow your money with minimal risk. By selecting the right type… Read more…

July 7, 2023If you’re thinking about securing your financial future, some of the latest banking technology is your friend. Automatic savings helps you consistently set aside money without lifting a finger. You can automate your savings and maximize your retirement fund through specific strategies and apps. Here’s what to know. For help creating the right automatic savings… Read more…

May 2, 2023In recent months the FDIC has managed two of the largest bank failures in U.S. history. The collapse of Silicon Valley Bank (SVB) and Signature Bank happened shockingly fast. And First Republic wasn’t far behind. Consumers have plenty of questions, as… Read more…

May 2, 2023There are many types of savings accounts. Money market accounts can earn higher interest rates than traditional savings accounts. But CDs can often earn even higher rates. However, there are pros and cons to each type of account that goes… Read more…

April 24, 2023Some banks are offering bonus cash to consumers who open new accounts. These promotions trail the high-profile failure of several banks in March and the Federal Reserve’s recent rate increases. New banking promotions may provide valuable incentives to new depositors.… Read more…

April 20, 2023The Federal Reserve hiked interest rates seven times in 2022 in an attempt to combat inflation, a fight that has proved daunting. Continuing its hawkish stance in 2023, the Fed raised rates at the first two Federal Open Market Committee (FOMC)… Read more…

April 20, 2023Neobanks offer internet banking services and are created by partnerships between financial tech firms and banks to offer federally insured bank accounts. Do you find yourself wondering what a neobank is and whether it’s a good option for you? We’ll… Read more…

April 20, 2023When you open a checking account or a savings account, you might not be too concerned about the possibility of losing money. After all, bank failures are largely a rarity and when one does occur, the FDIC is there to… Read more…

April 20, 2023Bank failures and economic turbulence have made bank depositors nervous – but what about banks where you can’t visit a branch or speak to a teller? Can you withdraw your money when needed and protect yourself from risks? While the… Read more…

April 11, 2023A debit card is a physical payment card that is used to electronically access the money you have in your bank account to make purchases or transfer money. Debit cards can be used at point-of-sale terminals or online to transfer… Read more…

April 11, 2023Checking accounts are generally intended for short-term deposits and expenses. But some offer interest rates on account balances. When checking accounts offer interest, the rates are generally on the low end. But if you prefer to eke out as much… Read more…

April 7, 2023Checking and savings accounts are the two most common financial products. Most Americans use one or both of them. Essentially, a checking account is used to manage your spending money on a day-to-day basis. A savings account, meanwhile, is used… Read more…

April 6, 2023If you have a bank account, there are certain federal rules in place that are designed to protect your money. Regulation E is one of the most important. This federal regulation governs electronic fund transfers between bank accounts. If your… Read more…

April 6, 2023Using multiple bank accounts can be a good way to separate funds for different financial goals. However, if you forget about one of those accounts it could end up falling dormant. A dormant bank account is an account that registers… Read more…

April 3, 2023Following the recent bank collapses there’s good reason to be concerned about how much of your money is and isn’t insured. The bad news: Just because an account is held by a bank doesn’t automatically mean it’s insured. The good… Read more…

March 31, 2023Assets might sound like a fancy word, and they may seem like something only rich people have. But the truth is almost everyone has a few assets to their name. Let’s take a look at what assets are, whether checking… Read more…

March 22, 2023Knowing how to bank effectively is a big part of being financially responsible. Different banks can have advantages over others. Employing different banking techniques can improve how you budget your money. One of those techniques is having multiple bank accounts. So,… Read more…

March 21, 2023When banking failures occur, depositors naturally become worried about their money. They also tend to question whether to withdraw cash from their accounts or leave it where it is. And as depositors look for a safe place to house their… Read more…

March 15, 2023Certificates of deposit (CDs) offer a great, more structured way to save. CDs have specific time terms that typically vary from a few months to a decade. After you make your initial deposit, you can’t access your funds until the… Read more…

March 8, 2023A savings account is the most basic sort of bank account. And it is appropriate for almost anyone interested in being smart about managing their money. If you are trying to accumulate funds to reach a short- or long-range goal… Read more…

February 23, 2023Writing checks may not be something you do often. But if you do write a check, it’s important to make sure you have enough money in your bank account to cover it. If you don’t, your bank might charge a… Read more…

February 23, 2023If someone writes a check to you, you could write that check over to someone else instead of cashing it or depositing it into your bank. At that point, it becomes a third-party check. Third-party checks can allow you to… Read more…

February 21, 2023Money market accounts combine the benefits of both savings and checking accounts with the potential for higher interest yields. While the Federal Deposit Insurance Corporation or the National Credit Union Administration insures your money market account, bank fees and penalties… Read more…

February 8, 2023Some banks limit how often you can transfer money out of a savings account. Exceeding the allowed quota of transfers via ATM, electronic bill payment or other methods could result in being charged a fee, having your savings account changed… Read more…

January 30, 2023Whenever you’re budgeting out your money, it’s important to understand how much money you have at any given time, but not all bank balances are equal. Making a mistake between your current and available balance, for example, could cause you… Read more…

January 24, 2023There are a few options when you need a secure way of paying for something. Sure, cash is king, but not everyone feels safe carrying a thick wad around. Cashier’s checks and money orders are two of the more secure… Read more…

January 18, 2023Having a bank account closed can be inconvenient, especially if you didn’t see it coming. But why would a bank close your account? The short answer is that banks and credit unions can close accounts for a number of reasons.… Read more…

January 12, 2023Both overdraft and NSF fees can hurt the cash flow in your bank account, especially when it’s time to pay a bill. The respective fees could stop you from going to the store to get personal items. But while the… Read more…

January 5, 2023Depositing a paper check into your bank account could mean waiting a few days before you can access those funds. Banks routinely place holds on checks before crediting the amount to your account. Why do banks hold checks? There are… Read more…

December 16, 2022Just about every bank puts a limit on how much cash you can withdraw each day. In part, this is a security feature to prevent thieves from cleaning out unauthorized accounts. In other part, this helps banks and ATMs to… Read more…

December 15, 2022Savings and loan associations are financial institutions similar to banks that specialize in providing mortgage loans to home buyers, making loans from deposits usually gathered from the local community. Both borrowers and depositors are considered members rather than just customers… Read more…

December 13, 2022Online banks generally pay higher interest rates on deposits and charge fewer fees for services than traditional banks. On the other hand, online-only banks can’t compare to brick-and-mortar branches of a traditional bank when it comes to dispensing physical dollars… Read more…

November 30, 2022The Federal Reserve is the central banking system in the United States. There are 12 Reserve banks that offer services to commercial banks, including lending and distributing currency. The Federal Reserve also pays interest on funds those commercial banks keep… Read more…

November 29, 2022Need to cancel a check that you’ve written and sent out? Depending on how much time has passed, you may be able to request a stop payment from your bank or credit union. Stopping payment can prevent the check from… Read more…

November 28, 2022Chances are that you don’t think about the banks involved when you’re giving money to a friend. That can be especially true if you’re using a service like Venmo or PayPal to transfer money. Just like you may use a… Read more…

November 23, 2022You can use an ATM with a debit card — or, sometimes, a credit card. While the process is straightforward, it helps to know how to use an ATM ahead of time. Follow these steps to check your balance, withdraw… Read more…

November 23, 2022Most large economic systems today use fractional reserve banking to stabilize and grow their economies. With factional reserve banking, banks can lend out deposits with interest to amplify the economy. The Federal Reserve was founded in 1913 to better regulate… Read more…

November 18, 2022ACH and wire transfer are terms used to describe different ways of sending money electronically. Both are widely used, but ACH is more common when individuals are paying bills, receiving paychecks or sending money to other individuals. ACH transfers are… Read more…

November 9, 2022Automated Clearing House (ACH) and Electronic Funds Transfers (EFTs) are both terms used to describe the way money moves digitally. An ACH is a specialized form of EFT, meaning that all ACHs are EFTs, but not all EFTs are ACHs. If you… Read more…

November 1, 2022Digital banking refers to managing your money through a bank via the internet through a website or app. This type of banking access started back in the mid-1990s, with Stanford Federal Credit Union being the first institution to allow online… Read more…

November 1, 2022While more people are opting into online banking, it’s possible that you may still need to write or deposit paper checks from time to time. Depositing paper checks to your own bank account can be as simple as handing them… Read more…

October 26, 2022When writing out paper checks, there are several key pieces of information to include. Along with the payee’s name and amount, you’ll also need to add the date the check was written. If you’d like the person receiving the check… Read more…

October 26, 2022A cashier’s check is a type of official check that’s drawn on the bank’s funds, rather than your own. You might obtain a cashier’s check if you need to pay for something and can’t or don’t want to use another… Read more…

October 26, 2022Money market accounts and high-yield savings accounts are broadly similar. Each is a depository account that pays higher interest than a standard savings account, but which also comes with some restrictions on how you can use your money. With a… Read more…

October 26, 2022A joint savings account is owned by two people, allowing each party to deposit and withdraw funds. Joint savings accounts can simplify things for people who share their finances. But you should also keep some things in mind before opening… Read more…

October 25, 2022Cash may be king, but most transactions are done electronically now. Even gifts, once done by cash or check, are being taken over by electronic transfers. There are multiple types of electronic transfers that may change how quickly you send… Read more…

October 20, 2022Closing a savings account can have a negative effect on your credit if the account has a negative balance when closed. Credit bureaus don’t consider savings and checking activity, including account closings, when compiling credit scores. But if you don’t… Read more…

October 20, 2022When you have money in the bank, there are many different ways to withdraw money to make purchases. One of the most convenient options is using a debit card at checkout. However, not all bank accounts offer debit cards. Most… Read more…

October 20, 2022Opening a savings account does not impact your credit score because you aren’t borrowing money and the activity in your savings account isn’t reported to a credit agency. Most financial institutions will run a soft credit inquiry when you open… Read more…

October 19, 2022There are two questions about safety when it comes to opening a high-yield savings account: First, what is the risk that your bank will fail? Second, if your bank does fail, what is the risk to your savings?The answer is… Read more…

October 19, 2022Depositing money to a savings account can help you prepare for rainy days. You could also grow your money if you’re earning compound interest on your balance. One thing to consider when comparing savings accounts is how frequently interest compounds.… Read more…

October 18, 2022While friendly tellers and pneumatic tubes can make trips to the bank enchanting, banking at brick-and-mortar locations comes at a cost. For decades, online banks have interrupted the status quo of minuscule interest rates and weekly bank visits. Instead, they… Read more…

October 14, 2022Retail banking involves providing individuals and sometimes small businesses with financial services such as checking and savings accounts, credit cards, auto loans, mortgages, insurance and investments. Retail banks include credit unions and small community banks as well as the retail… Read more…

October 12, 2022A bank guarantee is a pledge by a bank to assume liability for a sale or contract between a buyer and seller. The buyer applies to the bank, which assesses the buyer’s ability to fulfill the contract and, if approved,… Read more…

October 11, 2022Standard savings accounts typically come with monthly maintenance fees and excessive withdrawal fees. While some banks charge these fees to hold your money, others waive these fees entirely. Savings account fees are the opposite of what most people want. After… Read more…

October 11, 2022For the past few decades, most banks’ savings accounts provided uninspiring interest rates. However, fierce competition among banks and rising interest rates have produced a vast selection of high-yield savings accounts for customers. With exponentially annual percentage yields (APY) than… Read more…

October 10, 2022Interest rates are heading up, which will be a big relief to savers who’ve been making nearly nothing on bank accounts. To position your money for the best yield as rates continue to rise consider using the CD ladder strategy.… Read more…

October 6, 2022Checking accounts offer convenience for managing your money in a single account and getting access to those funds at your discretion. You can use a checking account to pay bills, transfer money to linked accounts or make purchases using a… Read more…

October 6, 2022Credit unions can be a good place to keep some of your money if you’re hoping to avoid high fees that can be associated with traditional banks. Opening a share account or share savings account is often a prerequisite to… Read more…

October 6, 2022Merchant banking offers specialized financial services to large corporations and high-net-worth individuals. The high-end services available through this type of financial institution aren’t available to the general public. But if you or your company meet the qualifications, you’ll find several… Read more…

October 4, 2022Saving money can be a great financial habit to develop but that’s not always easy if you’re a spender by nature. Opening a prize-linked savings account is something you might consider if you need a little extra motivation to save.… Read more…

September 27, 2022Like many other consumers, you probably use a checking account to manage your money and complete everyday transactions. But, too many purchases can exceed the total amount of funds in the account. If purchases exceed the balance, many banks charge… Read more…

September 23, 2022There’s good news for folks who want to park their money in cash amid market volatility: The best savings rates are now up to 5.00%. That’s more than twice what they were just a year ago. And those rates may… Read more…

September 23, 2022Growing your retirement savings is an important goal for most investors. When you reach $250,000 in your account, it helps to understand how much income you can earn from your savings. While many people use the 4% Rule to determine… Read more…

September 22, 2022Vacations can put a dent in your family’s budget. Between airfare, accommodations, activities, food and souvenirs, the costs really add up. Rather than go into debt to pay for the trip, a better approach is to create a vacation savings… Read more…

September 22, 2022SoFi and Chime are two popular financial technology (fintech) companies. Both offer online banks, with depository accounts and some lending products, and neither has a brick and mortar presence. This means that customers of SoFi and Chime bank entirely through… Read more…

September 16, 2022Opening a savings account does not impact your credit score because you aren’t borrowing money and the activity in your savings account isn’t reported to a credit agency. Most financial institutions will run a soft credit inquiry when you open… Read more…

September 16, 2022Money market accounts are hybrid financial products that offer some of the advantages of a checking and a savings account. Specifically, money market accounts pay you an interest rate based on the money you hold on deposit, like a savings… Read more…

September 15, 2022With a limited purpose flexible spending account (LPFSA) you can pay for dental and vision care expenses using pretax dollars. LPFSAs are usually paired with health savings accounts (HSAs), which require belonging to a high-deductible health plan. Like HSAs, LPFSAs… Read more…

September 14, 2022Savings accounts can help you to set aside money for short and long-term financial goals. One of the biggest questions you might have when deciding where to save centers on how much interest you can earn. Knowing how to calculate… Read more…

September 14, 2022Planning a wedding can be exciting but it can also turn up the pressure on your budget. Opening a wedding savings account is something you might consider if you’d like to set aside money for the big day. Choosing the… Read more…

September 13, 2022If you’re the proud grandparent of a new baby in the family, the thought of preparing for their financial future may have occurred. In between moments of joy, your mind may have been several steps down the road, thinking about… Read more…

September 12, 2022Many investors use savings accounts to earn interest on money that they don’t need right away. However, sometimes they want to use their money to make a payment. Unfortunately, you cannot write checks from a savings account. Here’s what you… Read more…

September 9, 2022Direct deposit is a convenient way to receive paychecks, tax refunds and other payments. But can you direct deposit into a savings account or do you have to use a checking account? Banks often allow you to schedule direct deposit… Read more…

September 7, 2022Interest checking accounts, otherwise known as interest-bearing checking accounts, are checking accounts that pay an interest rate on the money held on deposit. There are key similarities and key differences between interest-bearing checking accounts and savings accounts. Here’s what you… Read more…

September 7, 2022Do you remember when you outgrew your piggy bank? It could have been because of a glut of birthday money or the unwieldy wad of cash after a summer of mowing lawns. No matter the case, children quickly grow to… Read more…

September 7, 2022In 2021, Americans spent roughly $305 billion in interest and fees related to financial products like bank accounts, according to the Financial Health Network’s FinHealth Spend Report 2022. While this dropped from the $319 billion spent in 2020, Americans still pay… Read more…

August 30, 2022Online banks, which offer online checking and savings accounts, have become increasingly popular among many consumers. As their name suggests, these are bank accounts that you access and operate entirely online, often making the banking process easier. The bank has… Read more…

August 30, 2022Offshore bank accounts are held outside of your home country and are an option to hold funds in a foreign currency. Offshore bank accounts can make sense in some situations, such as for those who have business in other countries… Read more…

August 23, 2022Online savings accounts can offer a convenient place to keep your money while potentially earning a great rate. Compared to traditional banks, online banks tend to have lower overhead costs. That enables them to pass savings on to their customers… Read more…

August 23, 2022How much money should I keep in my savings account? This is a valid question to ask if you’re interested in making the most of your money. Savings accounts can offer liquidity, so you have convenient access to your money. And… Read more…

August 23, 2022Most people use a bank as the main provider of financial services. Selecting the right bank can have a lot to do with how satisfied you are with the way your money is managed and, ultimately, with how well you… Read more…

August 18, 2022Should you invest money or save it? It’s an important question to ask if you’re trying to grow wealth. Investing can offer the potential for higher returns, but it can also mean taking more risks. Saving money tends to be… Read more…

August 18, 2022When creating a plan for saving, one of the most important things to decide is where to keep your money. Savings accounts are one option; a Roth individual retirement account is another. Whether it makes sense to open a savings… Read more…

August 18, 2022Savings accounts are safe, easy to open and highly liquid, making them solid choices for emergency savings or accumulating funds for future purchases. However, they pay such low rates of interest that even modest inflation erodes the purchasing power of… Read more…

August 16, 2022Savings accounts are safe places to store cash you may need on short notice. You can open one at nearly any bank or credit union, often entirely online and with only a small or even no initial deposit. These accounts… Read more…

August 16, 2022If you keep money in a regular savings account you will generally owe federal income taxes on the interest that is earned. You’ll pay taxes at your regular rate the year interest is earned, whether or not you withdraw from… Read more…

July 26, 2022Rising interest rates can make acquiring a loan or a mortgage more challenging, but there are ways to take advantage of  them. Many financial institutions offer checking accounts that return better interest rates than traditional checking accounts, provided you meet… Read more…

July 19, 2022If you’re a savvy investor, you’re likely looking for ways to diversify your investment portfolio. Callable certificates of deposit (CD) are a way to invest your money for several years with a guaranteed interest rate in an FDIC-insured account. However,… Read more…

July 18, 2022As the Federal Reserve has raised its target federal funds borrowing rate during 2022, interest rates paid to savings account depositors have lagged behind. However, since the Fed’s 0.75% increase to a target rate of 1.5% to 1.75% at its… Read more…

July 12, 2022Certificate of deposit (CD) accounts and savings accounts can help you keep your money safe and secure while earning some interest on balances. While they’re both deposit accounts, they aren’t exactly the same when it comes to how much interest you can earn, the fees you might pay and how easily you can access your… Read more…

November 16, 2021These days, bank accounts can do a lot. They make it easy for you to track your spending and receive transaction alerts, often in real-time. They allow you to transfer between accounts and even send money to others in just… Read more…

October 26, 2021If you have enough money, putting some kind of savings aside for both short- and long-term goals is important. After covering general expenses for your daily or monthly budget, an emergency fund could help you prepare for short-term costs such as… Read more…

July 30, 2021Having a demand deposit account is the first step many people take when they embark on a saving and investing program. Most consumers begin with a checking account and add a savings account or a money market account as time… Read more…

May 4, 2021The Federal Reserve says that revolving consumer credit debt – including debt from credit cards, home equity lines of credit and personal lines of credit – increased to $974.4 billion in February 2021, marking a 10.1% annual rate increase from the year prior. This is almost one-third of all consumer debt – which also includes… Read more…

April 21, 2021While there is still a long way to go, women have made significant strides over the last few decades to achieve greater equality in education, earnings and business ownership. According to data from the Bureau of Labor Statistics, in 2019, 57.4% of adult women participated in the workforce, which is still much less than 69.2% of men,… Read more…

April 21, 2021IRS data shows that roughly 6% of American taxpayers earn $200,000 or more annually. While that figure includes income from investments, most reported income comes from salaries and wages. Across all occupations, the average worker earns $56,310 annually. In some of the highest-paying occupations, however, the average worker makes nearly three, four or even five… Read more…

April 15, 2021Individuals with higher levels of financial literacy tend to adhere to better financial practices – such as having an emergency fund and planning for retirement – and are also more likely to build wealth further by investing in the stock market. Many Americans, however, lack financial knowledge and do not follow financial best practices. Less than 50% of American adults have… Read more…

April 8, 2021It’s no secret that the U.S. unemployment rate peaked at 14.7% in April 2020, as a result of the COVID-19 outbreak — up from a pre-pandemic rate of just 3.5% in February 2020. As the job market continues to rebound with the vaccine rollout and the recent wave of federal aid, which could help many… Read more…

March 25, 2021While many economists believe that the U.S. economy will return to pre-pandemic levels by late 2021, they are less confident that the job market will bounce back as quickly. According to February data from the National Association of Business Economics, 82% of economic forecasters surveyed expect real GDP to return to pre-COVID-19 recession levels sometime… Read more…

March 23, 2021Almost one in two Americans (48%, to be exact) prefer to live in a town or rural area, according to a 2020 Gallup survey – up from 39% in 2018. And while 27% still say that they want to live in a city, almost two-thirds of that group (16%) prefer a small city to a… Read more…

March 17, 2021According to the Department of Housing and Urban Development, a household that spends more than 30% of its combined income on housing is considered “cost-burdened.” And households spending over 50% are considered “severely cost-burdened.” Many homeowners nationwide facing constraints based on their housing expense ratio may need to rethink their housing budget and move forward with… Read more…

March 16, 2021The COVID-19 pandemic has caused unprecedented job losses across many industries and occupations. However, STEM jobs have been less affected generally. The 2020 unemployment rates for all three STEM occupational categories were more than three percentage points lower than the overall rate (8.1%). Specifically, the average 2020 unemployment rates for computer & mathematical occupations, architecture… Read more…

February 25, 2021While Baby Boomers and Generation X are now the bosses at many companies, more than 25% of the workforce is younger than 30. This means that Generation Z (born between 1997 and 2012) and millennials (born between 1981 and 1996) are emerging as the generations to soon comprise the largest percentage of workers. Starting your… Read more…

February 18, 2021The Bureau of Labor Statistics (BLS) says that computer and information technology jobs are expected to have grown by 11% from 2019 to 2029, adding 531,200 new jobs in cloud computing, big data storage and collection and information security. The median annual wage for those jobs in May 2019 was $88,240, which is $48,430 higher… Read more…

February 9, 2021Dating in the time of COVID-19 isn’t easy. The pandemic has impacted Americans and the economy unevenly. And cities have shutdown and reopened at different rates. So depending on where you live, it can be complicated for a couple to find a good restaurant, see a movie, visit a museum or enjoy any other romantic… Read more…

January 21, 2021How far you live from work, school and other places you frequent can cost you time, money and health. The U.S. Census says that the average commute takes Americans 27.6 minutes each way. That’s more than 240 hours annually, if you commute twice every workday in 2021. And now that many people have cut back… Read more…

January 13, 2021For most people, working is inevitable: You need a job to afford your lifestyle. The trick, of course, is to find a balance where you can earn the money you need without spending all of your time in the workplace. Some of that depends on what the work culture is like in your city, how much… Read more…

January 12, 2021According to the Census Bureau, almost 20 million renters allocate at least 30% of their household income towards rent, indicating that they are housing cost-burdened. This can be especially true in larger cities where the cost of living is higher. And if time is money, then many Americans will have to resort to working longer… Read more…

January 7, 2021Since the onset of COVID-19, remote work has become the norm for many Americans, allowing them to continue to meet some of their expenses while saving where possible. In the late spring of 2020, about half of American workers were working from home, according to two surveys conducted by the National Bureau of Economic Research.… Read more…

January 6, 2021Jobs requiring a bachelor’s degree or higher level of education for entry are often more insulated from unemployment than others. During the COVID-19 pandemic, total unemployment for individuals 25 years and older spiked to 13.1% in April 2020. However, the highest unemployment rate over the past year for bachelor’s degree holders 25 and older was… Read more…

January 6, 2021Women’s earnings in the U.S. make up about 81% of men’s, according to Census Bureau data from the past several years. Though this figure has steadily grown over the course of decades, researchers predict the economic effects of the COVID-19 pandemic could set back pay for women. Bureau of Labor Statistics data unequivocally shows that… Read more…

December 15, 2020Though the COVID-19 crisis has resulted in widespread fitness center closures, many Americans still want to stay as healthy as possible. Depending on the level of services and equipment required, staying active can affect people’s budgets in a variety of ways. For now, virtual exercise classes and home gyms are the route most people are… Read more…

December 9, 2020A tall, frosty glass of beer has proven welcome succor during the distressing COVID-19 pandemic: Through the first half of 2020, beer sales in the U.S. rose about 16% compared to the same period in 2019, according to Chicago-based market research firm IRI. Though lock-down orders and restrictions on bars and restaurants have changed the… Read more…

December 1, 2020While women have certainly made strides in many areas of the business world, when it comes to entrepreneurship, a significant gender gap remains. Around 10.2% of women between ages 18 and 64 are new entrepreneurs, a rate around three-quarters that of men, according to the 2018-2019 Women’s Report from The Global Entrepreneurship Monitor. Though there’s… Read more…

November 18, 2020Perhaps counterintuitively, consumer credit card debt has fallen since the beginning of the COVID-19 crisis. Federal reserve data shows that the total amount of revolving consumer credit, which primarily consists of credit cards charges, fell below one trillion in April 2020 for the first time in close to two years. Data from Experian tells a… Read more…

November 9, 2020For Americans seeking a more affordable and less crowded alternative to the bustle of a big city but not interested in very small towns, a mid-sized city might be the best place to put down roots. But not all of them are equally suited to meet the needs of their inhabitants. That’s why SmartAsset crunched… Read more…

October 29, 2020According to Census data, more than 17% of American households earn between $50,000 and $74,999, making it the income bracket comprising the highest number of people. This large cohort may not be among the most handsomely paid in the U.S., but strategically living in a place with robust employment opportunities and a lower cost of… Read more…

October 28, 2020Older American workers have been disproportionately impacted by not only the health impacts of COVID-19, but also its corresponding economic shock, which has deeply affected their ability to budget and save for their retirement. In fact, workers 65 and older have seen some of the highest recent unemployment rates. A Kaiser Family Foundation analysis of… Read more…

October 27, 2020The COVID-19 pandemic has made many indoor activities difficult or impossible amid government ordinances. Since allocating some savings towards theater tickets and sporting events is now out of the question, a significant number of people are instead turning to the great outdoors for recreation. In fact, 43% of Americans 13 and older said they’d be committed… Read more…

October 19, 2020The recent devastating U.S. unemployment rate, which shot up to 14.7% in April amid the coronavirus crisis, has highlighted the importance of achieving job security. In the short term, it means the ability to cover day-to-day expenses; in the long term, it means the ability to address both financial emergencies as well as save up… Read more…

October 8, 2020Monthly electric bills vary with the seasons. They are typically lower during milder spring and fall months and higher in the summer and winter, when households are running air conditioners or heaters. Despite these monthly variations, data from the U.S. Energy Information Administration (EIA) shows that the average American household spends about $1,400 on electricity… Read more…

October 2, 2020Nationally, unemployment has slowly fallen since its initial record spike in April as a result of the COVID-19 pandemic. The Bureau of Labor Statistics (BLS) reported last month that the national August 2020 unemployment rate was 8.4%. More recently, on Wednesday, September 30, the BLS released metro area unemployment rates for August 2020. The data… Read more…

September 28, 2020Entering the workforce as a young person can be difficult. For many people who are fresh out of college, it’s particularly challenging to determine exactly which industries are likely to hire someone so young and with such little professional experience. But securing gainful employment is the first step in building a savings and establishing a… Read more…

September 16, 2020Unions can be a great way for workers to gain power in the workplace and make sure they are treated and compensated fairly. Overall, union participation rates in the U.S. are down: In 2018 the rate was 10.5%, while in 1983 it was 20.1%, according to the Bureau of Labor Statistics (BLS). Still, there are… Read more…

September 15, 2020Between 2015 and 2019, the total American workforce grew by about 8.7 million workers, with 4.4. million women and 4.3 million men securing employment. Though female and male workers joined the workforce at almost equal rates, certain jobs have seen huge increases in female employment specifically, allowing for further opportunities for women to more easily… Read more…

September 9, 2020In 2018, the median monthly rent for a studio was $891 while the median rent for a one-bedroom rental was $911. This means that the average renter living alone in America spends upwards of $10,600 every year on rent, even when living in a studio. While that annual rent is high and unaffordable for many… Read more…

September 1, 2020The days of the strict 40-hour workweek, with weekends and evenings spent relaxing, are a distant memory for many people. According to Bureau of Labor Statistics (BLS) data from 2019, more than 10 million Americans work at least 60 hours per week. And for those lucky enough to have a job amid the COVID-19 pandemic,… Read more…

September 1, 2020If you’re able to do so, biking can be a great way to get around. Besides the physical benefits, this mode of transportation is great for the environment and generally requires you to have less of your money set aside for commuting costs. Some cities, though, are much better for biking than others in terms… Read more…

August 27, 2020According to a recent poll from the National Endowment for Financial Education, nearly nine in 10 Americans say COVID-19 has triggered stress on their personal finances. Money – or lack thereof – creates anxiety-inducing burdens for individuals and families even in normal times. But this is especially true now in the midst of the coronavirus… Read more…

August 25, 2020Earlier this spring, SmartAsset decided to take a closer look at where people had responded to the 2020 Census the most. Since the publication of our original study in May, the Census Bureau moved up its extended deadline for completing the decennial count, causing some concern that many households could go uncounted. The 2020 Census… Read more…

August 21, 2020With many small businesses struggling to maintain their financial reserves during COVID-19, Bank of America, JPMorgan Chase and Wells Fargo were the U.S. lenders that originated the highest number of Paycheck Protection Program (PPP) loans. Between the first week of April and the end of June 2020, the three banks originated more than 789,600 PPP loans of the… Read more…

August 12, 2020Given that so many Americans were stuck indoors and without access to gyms during the height of the COVID-19 pandemic, those looking to burn some of those quarantine calories and stay healthy may look to running as a premier way to get some exercise. Road races may be less abundant, but those hankering to pound… Read more…

August 11, 2020As a result of the coronavirus pandemic, many Americans have had trouble covering expenses – especially rent – in recent months. According to data from the National Multifamily Housing Council, less than 88% of apartment households made a full or partial July rent payment as of the 13th of the month. Though this marks an… Read more…

August 6, 2020The ongoing coronavirus crisis has impacted nearly all facets of life, and one of the most difficult challenges for Americans to deal with has been the disruption to the job market, a fact that can jeopardize their hard-earned savings. While the national unemployment rate was still a substantial 11.1% in June 2020, this percentage marks… Read more…

July 29, 2020They say the good old hockey game is the best game you can name, and for some cities across the U.S., that is clearly true. Since the 2005-2006 National Hockey League (NHL) season – which came directly after a labor dispute cancelled an entire season for the league – revenue has more than doubled, from… Read more…

July 28, 2020According to 2018 Census Bureau data, approximately two of every 10 owner-occupied housing units in the U.S. is a one-person household. That means more than 17 million units fall under this category. These are singles who have chosen to buy a house or apartment instead of renting. Covering initial expenses like closing costs and a… Read more…

July 21, 2020Community college is a great option for any number of high school graduates in America. Whether you require more experience to be accepted to a four-year college, want an associate’s degree in a specific skill or hope to save money on tuition, community college is a viable option for higher education. Not all community colleges are… Read more…

July 17, 2020Many economists have theorized about what the shape of the COVID-19 recession – in other words, the possibilities for recovery – will be. Some individuals are still holding out hope for a “V-shaped” recession where the economy will rebound as quickly as it declined, which would in turn allow many to begin to repair the… Read more…

July 16, 2020Bureau of Labor Statistics data shows that there are about 33.6 million families in the U.S. with children under the age of 18. In 2018, at least one parent was employed in almost 91% of those family households. Among the smaller subset of married-couple families with children, about 97% had at least one working parent… Read more…

July 16, 2020Though efforts to slow the spread of coronavirus across the U.S. have squeezed many local economies and the bank accounts of their residents, college towns are among the most vulnerable. They are confronting potentially major losses in population and revenue if students do not return to campus. Even in towns where schools have decided to… Read more…

July 10, 2020The job market is constantly changing. Jobs in a certain field and geographic area may be abundant one decade only to experience a sharp decline the next. This can be because of many factors, including migration patterns and technological advances, that eliminate positions and industries from parts of the country. That can make it more… Read more…

July 9, 2020According to Census Bureau data from 2018, there are approximately 5.43 million full-time working women in the U.S. earning at least $100,000. The opportunity to attain higher salaries affects not only their ability to spend and budget in the short term, but also achieve other financial goals like investing in property and saving for retirement.… Read more…

June 29, 2020According to wedding-focused website The Knot, the average cost of a wedding in the U.S. is $33,900. There are some cities, though, where you still can have the wedding of your dreams for much less, which might free up funds towards other financial goals, like a new home or retirement savings. To find the best… Read more…

June 29, 2020Only 55% of non-retired American adults have money in a defined contribution plan such as an IRA or 401(k), according to 2019 data collected by the Federal Reserve. With the coronavirus pandemic upending many aspects of Americans’ lives, saving for retirement may have taken a backseat, even for those individuals who were previously saving. Job… Read more…

June 26, 2020Many states and localities that enacted shelter-in-place orders with the onset of the coronavirus crisis are now carefully implementing phased plans to reopen. With air travel not as available or carefree an option as before the pandemic, Americans are looking for safety on the road as their summer plans take shape. But staying safe while… Read more…

June 24, 2020While women in the U.S. seeking financial and social equality still face many challenges, certain conditions have improved in recent years. That’s why SmartAsset wanted to take a look at where U.S. women are the most successful, considering factors including education, earnings and business ownership. We analyzed 200 cities across the following metrics: percentage of… Read more…

June 18, 2020The gender unemployment gap is defined as the difference between female and male unemployment rates. A “positive” gap indicates that female unemployment is higher than male unemployment while a “negative” gap indicates the opposite. Though the gender unemployment gap was positive for much of the 20th century, the gap closed as employment opportunities for women… Read more…

June 16, 2020Coronavirus has hit America’s senior population especially hard in terms of health, but the pandemic has also highlighted issues that some people 65-and-older already face with regard to their finances. Balancing medical bills on top of basic expenses for food and shelter – in addition to making sure one has enough retirement savings – can… Read more…

June 16, 2020According to a 2018 Gallup report, approximately four in 10 Americans would choose to live in a town, a small city or a suburb of a small city as opposed to big cities and rural areas. As Americans look for places that fit their lifestyle while allowing them to sock away savings, some small cities… Read more…

June 5, 2020The U.S. unemployment rate rose nationally by 11.2 percentage points between February 2020 and April 2020, from 3.5% to 14.7%. While unemployment has risen throughout the country, compromising job security and savings for so many, some places have seen much larger spikes over that two-months period. SmartAsset looked at the metro areas where unemployment has… Read more…

May 28, 2020The tech industry is one of the most lucrative in the U.S. Though the COVID-19 crisis has cost the industry jobs just like virtually every industry, going into tech remains the goal of many young people, especially those with degrees in hard sciences. Though many people associate tech work with Silicon Valley, there are actually… Read more…

May 21, 2020May 21, 2020 – The Treasury Department and the IRS announced that this week they would begin sending roughly 4 million Economic Impact Payments (EIPs) – otherwise known as stimulus checks – via a prepaid debit card instead of a paper check. This money is part of the Coronavirus Relief, Aid and Economic Security (CARES… Read more…

May 19, 2020The coronavirus pandemic has drastically impacted the budgets of not only individuals, but also states. State revenues have declined due to delays in income tax collections along with decreases in revenue brought in from sales tax. Meanwhile, state expenses are rising as unemployment claims have spiked. Because of these changes and the growing mismatch between… Read more…

May 13, 2020April 1, 2020 marked the original self-response deadline of the 24th Census in the U.S. As mandated by the constitution, the decennial count determines how many congressional seats each state gets, and this year will help inform the distribution of $1.50 trillion in federal funding. Beyond this, data collected by the Census is used regularly… Read more…

May 13, 2020Last Friday, the Bureau of Labor Statistics (BLS) published its anxiously awaited April 2020 Employment Report, perhaps the first comprehensive look beyond jobless claims on how coronavirus and the attendant economic shutdowns have affected unemployment in America. The report paints an alarming picture. Between February 2020 and April 2020, nonfarm private employment fell by more… Read more…

May 11, 2020Finding a roommate to split your rent is a surefire way to save money, which is welcome consolation for the dirty dishes that pile up in your sink. Of course, the real estate market landscape is currently in flux due to the spread of COVID-19, but as people reshuffle their lives and housing arrangements, they… Read more…

May 7, 2020May 7, 2020 – Many of the country’s largest for-profit insurance companies are now offering discounts to customers affected by the coronavirus. UnitedHealth Group, the largest U.S. health insurer by membership, joined Cigna and Humana as the latest company to follow this trend. UnitedHealth Group said in a statement today that it will be providing… Read more…

May 7, 2020Passed on March 27, 2020, the Coronavirus Aid, Relief and Economic Security (CARES) Act provided Americans with one-time economic impact payments, commonly referred to as stimulus checks. Under the bill, individuals and families are eligible for either a full or reduced benefit based on their adjusted gross income (AGI). There have been many questions surrounding… Read more…

May 6, 2020According to the Bureau of Labor Statistics (BLS), the average annual amount spent on food in 2018 per household was $7,923, with almost $4,500 allocated for food at home and almost $3,500 for food away from home. Furthermore, spending on food increased 2.50% from the year prior. Because food makes up such a large and… Read more…

May 4, 2020On March 20 of this year, the IRS announced that as a result of the global coronavirus pandemic, the 2020 tax deadline would be moved from the typical filing date of April 15 to July 15. Following the federal government’s lead, many states also extended their tax deadlines, meaning that the majority of Americans could… Read more…

April 29, 2020During the 2008 Great Recession, well-known startups like WhatsApp, Venmo and Slack were founded. In the face of an impending COVID-19 recession, some optimists have looked to these successful startups as hope that a third 21st century economic downturn may spur entrepreneurial innovation and resourcefulness. However, for many, a recession can be a daunting time… Read more…

April 28, 2020Housing is one of the biggest stressors for many Americans across the country, since it often constitutes the majority of a household’s expenses. Housing costs have become increasingly burdensome due to the coronavirus crisis, which has impaired so many people’s ability to cover mortgage payments, let alone sock away money into their savings. In light… Read more…

April 22, 2020Has government coronavirus relief money ended up in the hands of those who need it least? The Paycheck Protection Program (PPP), which provided forgivable loans to small businesses to cover their payroll costs if they didn’t layoff workers or cut salaries, served as a central component of the Coronavirus Aid, Relief and Economic Security (CARES) Act… Read more…

April 20, 2020Since mid-March as the coronavirus pandemic has intensified, there have been four straight record weeks for jobless claims filed in the U.S. – a fact that increases economic uncertainty and makes it difficult for Americans to save adequately. For the week ending March 21, 2020, 3.31 million Americans filed for unemployment, followed by 6.87 million… Read more…

April 16, 2020Amid health and economic upheaval from the COVID-19 pandemic, the need for an emergency fund has become increasingly pronounced. Though conventional wisdom advises having three to six months’ worth of expenses saved up, the uncertain timeline of the coronavirus crisis highlights the importance of having a full six months’ worth socked away. But what does… Read more…

April 14, 2020Almost 97% of all businesses in the U.S. have fewer than 500 employees. These small businesses are particularly imperiled by the COVID-19 pandemic and the ensuing economic crisis. To combat the challenges resulting from wide-spread closures and shelter-in-place orders, the U.S. government has implemented myriad coronavirus small business relief measures. SmartAsset endeavored to locate where… Read more…

April 9, 2020Graduating from college is a major milestone, signaling the start of a new phase of life. Though many college seniors have seen their final semester on campus derailed by the COVID-19 pandemic, they will still emerge into post-college with the same hopes and dreams that generations of students before them have held. For many graduates,… Read more…

April 8, 2020Coronavirus cases in the U.S. have continued to rise in recent weeks, in turn causing federal, state and local governments to urge their constituents to stay home and practice social distancing. Many companies, in turn, have implemented ongoing work-from-home policies that allow employees to keep socking away their earnings in their savings during this uncertain… Read more…

April 1, 2020President Donald Trump recently signed into law the historic COVID-19 stimulus package worth around $2 trillion. It sets aside $250 billion for direct payments to individuals and families to help them deal with the economic impact of the coronavirus pandemic. Though there were some proposals for a bill that would simply send money to all… Read more…

March 31, 2020Banks are loosening up their policies to help cash-strapped customers weather the economic side effects of the coronavirus crisis. In particular, many banks are lowering or temporarily eliminating their fees and account minimums. As you explore what financial institutions are doing to help Americans during the COVID-19 pandemic, it may also be advantageous to explore… Read more…

March 31, 2020Last Thursday, the Department of Labor reported that 3.28 million people filed for unemployment insurance for the week ending March 21, 2020. This was the highest historical number of new claims in a week, almost five times the previous record high. Long-term unemployment, especially during a crisis like the coronavirus pandemic, will make it difficult… Read more…

March 27, 2020In a survey of economists conducted by the University of Chicago’s Booth School of Business at the beginning of March 2020, more than half of participants expected COVID-19 to cause a major recession. Since then, increasing numbers of economists and policy makers have predicted that coronavirus will lead to a recession, defined as a fall… Read more…

March 26, 2020About 7.31 million Americans were employed in science, technology, engineering and math (STEM) occupations in 2018, an increase of 7.48% from 2014, when there were 6.80 million STEM workers. Those who are interested in joining this growing industry may have further opportunities to find jobs and save enough, as the Bureau of Labor Statistics (BLS)… Read more…

March 24, 2020Despite the aging of the American workforce, with adults 65 and older twice as likely to be working now compared to 1985, Census data shows that one in four workers in 2018 was still younger than the age of 30. Entering the workforce at a younger age can be advantageous, since it means there’s more… Read more…

March 17, 2020According to data from advocacy groups like Equal Pay Today as well as government institutions such as the Bureau of Labor Statistics (BLS), women earn only around 80 cents for every dollar that men do. And that’s not including further disparity when considering race and ethnicity. Not only does this hinder women’s ability to further their… Read more…

March 10, 2020With online and mobile banking increasing in popularity, physical banks have struggled to keep their doors open. Over the past five years, the number of branch locations in America declined by 7%. Though digital banking services may allow for easier service for some customers as they deposit checks into their savings, bank branch locations continue… Read more…

March 5, 2020The Great Recession, which began in 2007 and extended into the early 2010s, wreaked havoc on the global economy at large and the finances of individual Americans alike. When the U.S. unemployment rate peaked at 10.1% in October 2009, many Americans struggled to make their mortgage payments and save money. What’s more, government spending on social… Read more…

March 2, 2020According to 2018 Census data, women make about 80% of what men make nationwide. The average full-time female worker earned $42,295, while the average full-time male worker earned $52,144. Though this gender pay gap suggests differences in compensation between men and women and their ability to save, it does not distinguish between two distinct metrics:… Read more…

February 25, 2020Affording home payments is a struggle many homeowners face, especially in a large city with high living costs. Questions of budgeting and saving come into play, as well as how much additional debt – from the likes of car loans and credit card bills – a homeowner can comfortably afford. To budget housing costs appropriately, it’s… Read more…

February 25, 2020A conference can be a great break from your daily workplace grind. You often get to go to a new city, meet other people in your field and learn new skills. Even though professional development is the goal for many of these events, smart budgeting is critical to keep in mind, as you’ll want to… Read more…

February 18, 2020Because getting a higher education is important in many professional fields, it can drastically change a worker’s earning potential and therefore his or her ability to save. According to 2017 statistics from the Bureau of Labor Statistics (BLS), the median weekly salary for someone with a bachelor’s degree was $1,173, while it was only $800… Read more…

February 12, 2020Since household formation often alters spending patterns, one of the best ways to isolate differences in spending between the sexes is by comparing singles. As millennials, born between 1981 and 1996, are less likely to have formed families relative to older generations, they provide an interesting lens to understand how men and women spend and… Read more…

February 12, 2020Pew Research Center found that in 2017 more U.S. households were headed by renters than at any point since 1965. Considering the fact that rent is a major expense for many people – more than half of household income in some of the country’s largest cities – workers might find themselves clocking extra hours to… Read more…

February 6, 2020The employment of computer and information technology workers is projected to grow by 12% from 2018 to 2028, adding almost 550,000 new jobs, according to estimates from the Bureau of Labor Statistics (BLS). Many of these jobs are expected to be well-paying. In May 2018, the median annual salary for computer and information technology occupations… Read more…

January 30, 2020About three in four Americans receive a tax refund each year, and the average amount returned with those refunds is around $3,000, according to IRS data. This means that for many Americans, their tax refund is the largest single check they will receive all year, substantially affecting the trajectory of how they use or save their… Read more…

January 27, 2020One way voters demonstrate their support for political candidates is by making campaign contributions, something Americans have increasingly done over the last few decades. According to Pew Research Center, the percentage of Americans giving money to a political candidate doubled from 6% to 12% between 1992 and 2016. That means more Americans are allocating parts… Read more…

January 23, 2020Commuting takes up a lot of time as well as money – money that could be put towards other financial goals like saving up for a trip, car or house. With Americans already spending so much of their time at work, it’s no surprise that those who commute to the workplace might wish to close… Read more…

January 16, 2020As people age, their spending and saving patterns change. Major life events like buying a home, getting married or having kids may impact not only the rate at which people save, but also how they allocate the money that they do spend. Generational cohorts have also demonstrated differences in their financial priorities. For instance, a report from… Read more…

January 14, 2020In 2018, young adults with at least a bachelor’s degree had an impressive employment rate of 86%, compared to just 72% for their counterparts with a mere high school diploma. After all, a higher level of education can mean more job prospects and the opportunity to build strong savings. Unfortunately, not all kinds of jobs… Read more…

January 8, 2020It’s difficult to pursue your passions and manage your various commitments given the time that they require, especially if they are not directly linked to your job. In an ideal world, though, you earn enough to sock away sufficient savings to enjoy your leisure activities without logging excessive hours at the office or on a punishing commute.… Read more…

January 7, 2020The average U.S. worker travels about 27.1 minutes to work and spends $2,600 annually on commuting costs, according to 2018 Census Bureau estimates and the Citi ThankYou Premier Commuter Index. Working from home represents an opportunity for workers to save both time and money while additionally allowing greater flexibility for working parents. In this study,… Read more…

December 16, 2019As we head into the new year, many of us are taking stock of what we accomplished in the past year and considering what goals we’d like to set for the coming one. Establishing a more consistent fitness routine may be on the list for some people, though it can sometimes burn more of our… Read more…

December 16, 2019Whether you’re a birth parent or an adoptive one, having children is costly. Given the variety of expenses prospective adoptive parents face, they must consider whether they have the savings to handle the costs of the process. One of the biggest factors that determines how much it costs to adopt a child is the type of adoption. Adoption… Read more…

December 11, 2019The stress of credit card debt is often felt the most at the end of the year, since Americans tend to put more on the plastic during the holiday shopping season. In fact, data from Experian shows that credit card debt has peaked in the fourth quarter for the past eight years. While playing Santa… Read more…

December 10, 2019According to the National Beer Wholesalers Association, in 2018, approximately 82% of all beer in the U.S. was domestically produced. While that may indicate that beer is widely available across the country, not all drinkers will agree it’s worth using their savings to buy another round in every city. That’s why SmartAsset took a look at… Read more…

November 21, 2019Like home prices, rent varies month to month in many cities. Rent is often higher in summer months than in winter ones, as more than 40% of all moves take place during the four months from May through August, according to data from the U.S. Census Bureau. College students returning for classes, recent graduates starting… Read more…

November 12, 2019Rent affordability is largely dependent on income. Guidelines from the Department of Housing and Urban Development (HUD) recommend that households not spend more than 30% of their monthly gross income on housing-related expenses, including rent and utilities, to comfortably afford other necessities like food and healthcare. But fluctuations in rent as a percentage of income… Read more…

November 6, 2019The median household income in the U.S. was $61,937 in 2018, according to Census Bureau data. But what kind of life that income affords you depends on many factors, including your spending and saving habits as well as the cost of living in the place you call home. With that in mind, SmartAsset decided to… Read more…

November 5, 2019Because the cost of living tends to correlate with population size, mid-sized cities are often more affordable alternatives to large cities and potentially offer better opportunities to save and invest. Your salary can go a lot further when your costs are lower, so people who use a cost-of-living calculator to compare expenses between cities may gravitate… Read more…

October 30, 2019The number of women-owned businesses in the U.S. has increased in recent years, which could be encouraging news for other women who are still building up the resources to start new ventures. According to data from the Census Bureau’s 2016 Annual Survey of Entrepreneurs, there were more than 1.1 million women-owned businesses in the 50… Read more…

October 29, 2019Whether you’re taking someone out for the first time or enjoying a well-earned night on the town with your partner of a decade, it’s important to be able to enjoy a nice date night. It is even better when you have plenty of options for where to go and know a night with your special… Read more…

October 29, 2019Unions can be effective tools for collective bargaining. They represent workers in negotiations with management to uphold workers’ rights, including fair wages. According to a 2018 report on full-time workers from the Bureau of Labor Statistics (BLS), nonunion workers earned just 82% of the median weekly amount that union member workers earned. Being able to… Read more…

October 23, 2019Every two years, the Bureau of Labor Statistics (BLS) releases employment projections for more than 800 detailed occupations, with its most recent projections spanning from 2018 to 2028. Solar photovoltaic installers and wind turbine service technicians top the list. The BLS projects employment growth of 63.3% and 56.9% for the occupations, respectively. Due to their… Read more…

October 22, 2019Following mortgage debt, student loan debt is the second-largest form of U.S. consumer debt, growing substantially over recent years and negatively affecting Americans’ ability to save enough. According to data from Experian, student loan debt reached an all-time high of $1.4 trillion in the first quarter of 2019, an increase of 116% from 10 years… Read more…

October 1, 2019About two-thirds of the jobs outlined by the Bureau of Labor Statistics (BLS) in 2018 do not require workers to have a bachelor’s or advanced degree. Though pay is generally correlated with education level and the majority of those jobs have average annual salaries below $50,000, some jobs that require only an associate’s degree or… Read more…

September 30, 2019Bills pile up and debt accumulates, causing the pressure of financial concerns to grow. While there are certainly ways to get out ahead of these struggles – saving carefully, using a budget or making smart investments – sometimes things happen that make financial stress inevitable, even for the most careful planners. Some cities, though, are… Read more…

September 25, 2019According to the National Center for Health Statistics, about 3.9 million births were registered in the U.S. in 2017, with millennial women accounting 80% of them. The average age of mothers at first birth was 26.8, and especially for those millennial mothers at the start of their careers, where they choose to start a family… Read more…

September 24, 2019While Major League Baseball is what you are most likely to see on television, baseball fans in cities across the country flock to the ballpark to watch the stars of tomorrow hone their craft in Minor League Baseball. These games are less expensive and less crowded than the average Major League game, so they are… Read more…

September 17, 2019The pay gap remains a very real struggle for women around the U.S. The latest number from the American Association of University Women estimates that, on average, women earn around 80% of what their male counterparts earn in the workforce. This, in turn, significantly hurts their ability to save enough to meet their financial goals.… Read more…

September 12, 2019More and more people are getting into the business world through their own startups. Many of the companies you interact with on an everyday basis – Uber, Airbnb, even Apple – began as startups, often with just a few employees. While the stereotype may be that all startups are in either the Bay Area or… Read more…

September 11, 2019In 2014, there were almost 32 million workers in the U.S. between the ages of 25 and 34, and over five years, this number rose to more than 35 million, an increase of about 10%. Of those 35 million, about 13 million had a bachelor’s or advanced degree, or 16% more than workers who did… Read more…

September 10, 2019In 2017, the U.S. spent $3.50 trillion – more than $10,000 per person – on healthcare, according to the Organization for Economic Cooperation and Development (OECD). As a percentage of U.S. GDP, healthcare made up 17.10%. This is greater on a per capita basis and as a percentage of GDP than any other country. Though… Read more…

September 4, 2019State capitals aren’t always the biggest cities in their state, but they’re among the most important. Not only are they central hubs for government offices and homes for notable landmarks, but they may also offer employment opportunities and other cultural features that make them attractive for longtime residents and potential newcomers alike. Some state capitals,… Read more…

August 20, 2019Foodies typically flock to large cities given the availability of many different cuisines and dining options. But are larger cities always the best places for them? In this study, we compiled some of the best cities for food lovers by examining the most important factors foodies look at when considering whether their culinary explorations are… Read more…

August 13, 2019Women constitute nearly half of the workforce in the U.S. According to 2018 data from the Bureau of Labor Statistics (BLS), 46.9% of total workers are women, a figure that stayed constant from 2014 data. Despite the fact that the overall percentage remained unchanged over that time period, certain jobs and occupations in particular have… Read more…

August 7, 2019The Department of Housing and Urban Development defines those who pay more than 30% of their income on rent as housing cost-burdened. Generally known as the 30% rule, this HUD guideline has long been a rule of thumb for household budgeting. As rising rents continue to outpace increases in median incomes in most cities, having… Read more…

August 6, 2019An estimated 47% of jobs in the U.S. are vulnerable to automation, according to a 2013 paper written at Oxford University by researchers Carl B. Frey and Michael A. Osborne. Depending on the mix of knowledge, skills and abilities an occupation requires as well as the variety of tasks it involves, certain jobs will be… Read more…

July 30, 2019Over the past 10 years, average tuition and fees at private nonprofit four-year colleges and universities in the U.S. rose by $7,390, or almost 26%, according to College Board. Given the rising costs of attending a four-year university, many students consider public two-year colleges as an alternative. While the cost of attending community college has… Read more…

July 22, 2019For most of us, sending bills and receiving paychecks by mail are things of the past. We shop online, enroll in direct deposit, pay our bills, and file taxes online. If you have ever wondered what facilitates all these digital… Read more…

July 8, 2019There are lots of jobs available in America right now. Unemployment is low, and many companies are looking to hire good people. Where, though, are the sectors that are growing and looking for more people to fill companies’ ranks? And how does the area of the country you live in impact what occupations you should… Read more…

June 27, 2019Driving gives many Americans expanded access and mobility where they might otherwise have had limited options. But along with the freedom to roam around comes the responsibility of being a prudent driver, not only in terms of personal safety but financial protection as well. Whether it’s a serious accident that results in medical or car… Read more…

June 19, 2019When buying nourishing food, it’s also important to sustain healthy budgeting and savings habits. Of course, how much you’ll spend on what you eat depends largely on where you live. Food has varying costs in different markets based on a lot of different factors, including the cost of shipping food to that location, the overall… Read more…

June 11, 2019Lots of young people need to find a roommate to help pay their rent, but many of them dream of being able to locate an affordable home that is just theirs and that allows them to sock away more money in a savings account. There are some cities, though, where it is easier than in others… Read more…

May 30, 2019Building your professional life can be difficult, but it’s the best way to make sure you and those you care for can make enough to put money away in savings as well as afford to live the life you want. Certain cities are better than others for career opportunities. Opportunity, however, does not only depend… Read more…

May 29, 2019Nothing screams “Americana” quite like a summer afternoon spent at the state fair. The sounds of laughing children and braying livestock. The sights of carnival rides and butter sculptures. The signature scent, a combination of sunscreen, funnel cakes and animal manure, wafting through the grounds. Which states, though, have the best state fairs – the… Read more…

May 22, 2019There’s a big world out there, and a lot of people want to see as much of it as possible through travel. Unfortunately, most people can only spend so much of their savings on jet-setting. As a result, finding places to take a vacation on a budget is important. To that end, SmartAsset researched the… Read more…

May 21, 2019The U.S. is the 19th-happiest country in the world, according to the 2019 World Happiness Report that the Sustainable Development Solutions Network for the UN released. Though this is a one-spot drop since last year, there are still plenty of places to find happiness in America. We looked within the U.S. to determine which counties… Read more…

May 15, 2019Nearly one-third of all U.S. households pay more than 30% of their incomes for housing, according to a 2018 study from Harvard’s Joint Center for Housing Studies. And approximately half of renter households – about 11 million – bear a severe burden from housing costs, which means they’re paying 50% or more of their income… Read more…

May 9, 2019The ease and affordability of mobility are important factors to weigh when you’re considering where you want to live. Whether you move from place to place in a car of your own, via public transportation or by bicycle or futuristic scooter, transportation is likely a critical part of daily life. How much you spend on… Read more…

May 8, 2019Moving to a new home can be a difficult undertaking, even though it might bring your life a much-needed change, especially when you have significant financial costs to consider. As you look to make intelligent decision that can help boost the balance in your savings account, it’s important to do your research before you eliminate… Read more…

May 7, 2019To buy or to rent? It’s a tough question. And though buying a home can seem a more feasible undertaking with a partner to help cover the down payment and mortgage, American singles in certain cities are more commonly opting to buy instead of rent. Rather than throw away rent money to a landlord, singles… Read more…

May 1, 2019Buying a home requires just as much care as any other significant investment. If being a first-time homebuyer is a part of your American dream, it’s important to choose a home that fits your budget based on your savings at the same time that it meets your other lifestyle needs. First-time homebuyers might find the… Read more…

April 30, 2019Small towns have their charm and big cities offer great opportunities, but what if you’re looking for something in between? Unlike a large metropolis, a small city tends to have a more affordable cost of living, making it easier to build your savings for a house or retirement. It’s also possible to find a great… Read more…

April 24, 2019If you’re looking to raise a family, the city you call home can affect many parts of your life. It potentially impacts the jobs available to you, how much you earn, how much it costs to live comfortably and how easy it is to build savings. Other factors like local schools and population also play… Read more…

April 23, 2019In about 62% of two-parent households, both parents work, according to 2017 data from the Bureau of Labor Statistics. That’s up about 1% from the previous year. Not only are more parents working, but Census data also shows that men and women across the country worked more in 2017 than in 2016. It’s also not… Read more…

April 17, 2019Once you’ve put in the work to get a degree, you’ve got a big decision ahead of you: Where to start your career? For those who have the ability to relocate, choosing the right city can make a big difference. Some likely considerations are the cost of living and the strength of the job market.… Read more…

April 10, 2019Bonds and certificates of deposit (CD) are generally safe investments with little to no risk of reducing your principal. However, each one has distinctive features that may suit different kinds of investors. The bonds vs. CDs choice takes some consideration… Read more…

April 10, 2019The latest data from the U.S. Census Bureau shows that women earn approximately 80% of what men do. Though the work to achieve pay gap equity is far from finished, it’s important to recognize the areas in which women in the workforce are making progress now in order to build upon these achievements in the… Read more…

April 3, 2019Running is an accessible sport that allows you stay active while saving some money. Of course, one of the biggest requirements for runners is the space to run. That could mean open space, like parks and trails, but it could also mean a gym. If you’re a runner it’s also nice to have a supportive… Read more…

April 2, 2019Different places attract particular residents due to a variety of factors such as job opportunities, climate or lifestyle. Though an ultimate constraint is the cost of a home, some markets seem to draw more high-earning homebuyers than others.  For instance, Zillow estimates that the median home value in San Francisco is approximately $1.37 million (as… Read more…

March 27, 2019The majority of American adults are coffee drinkers. According to research from the National Coffee Association in 2018, 64% of Americans 18 or older said they drank a cup of coffee the day before. And cravings for a java boost are on the rise: Google data shows that interest in coffee in the U.S. is… Read more…

March 21, 2019It costs more than $233,000 to raise a child through age 17, according to the U.S. Department of Agriculture. Given that high cost, you want to know that you’re living in a place that is conducive to your family’s happiness and success. In this study, we looked at almost a dozen factors, including childcare costs… Read more…

March 20, 2019The current gender wage gap in America, according to the Bureau of Labor Statistics (BLS), sits at slightly less than 82%. That means the average working woman earns 82% of what the average working man earns, which hurts not only women’s ability to earn but also their ability to save. That number is up 20… Read more…

March 19, 2019Even though many people picture the high cost of living when they think of America’s biggest cities, the housing markets in these areas actually vary quite a bit. Part of that range comes from particular local factors such as property taxes. It is helpful to be aware of a city’s reputation as expensive or affordable,… Read more…

March 14, 2019Tax season can be a celebratory time for Americans who are owed a refund. But while the focus is often on those who have overpaid, it’s important to note that a significant number of people don’t pay enough. Americans who owe taxes are especially vulnerable if they cannot cover their tax bill with what’s in… Read more…

March 13, 2019Hockey may not be the most popular sport in America, but it enjoys a strong fan base. Its following is also growing: Since we last did this study, the National Hockey League has even added a new team, the Golden Knights in Las Vegas. That’s the first new team to join the NHL in nearly… Read more…

March 12, 2019The American housing market has changed significantly since the post-recession economy of the early 2010s. Zillow estimates the median home in the U.S. is worth $225,300, up from $148,000 in January of 2012. That is a gain of more than 52% in just seven years. If you do want to take advantage of this seller’s… Read more…

March 6, 2019A second home can be a cherished retreat but also a savvy investment. Buying another residence in a booming housing market in particular can help diversify your holdings and introduce another way for your assets to increase in value. And if you’re renting out the property, you can enjoy an extra revenue stream to boost… Read more…

March 5, 2019A college degree is pricey and getting increasingly expensive: From 2006 to 2016, the cost of college tuition and fees increased by 63%, according to the Bureau of Labor Statistics. That may leave would-be undergraduates with sticker shock that deters them from matriculating. But forgoing a college education can limit your earning potential. From 1979… Read more…

February 28, 2019The total cost of raising a child through age 17 is nearly $234,000, according to the U.S. Department of Agriculture. That’s a whopping price tag for your bundle of joy. And the expense of having a family explains, in part, the downturn in the American fertility rate and why the average American woman now has… Read more…

February 27, 2019It can at times feel daunting to buy a home. In many cities, home prices are rising and pushing Americans increasingly further from their homeownership dreams. The difficulty of buying a home starts long before you decide to become a homeowner, though. Closing costs and down payments mean people may need to spend years saving… Read more…

February 20, 2019Tech jobs are particularly desirable, because they pay well, show long-term signs of growth and are less vulnerable to automation. But women have faced systemic difficulties in getting these jobs. And even when women do find jobs in the tech world, they earn 84% of what men in tech do, according to Census Bureau data,… Read more…

February 13, 2019Rising rents present a major challenge for non-homeowning city dwellers nationwide. Since 1983, the cost of housing for urban renters has risen more than 324%, according to the Bureau of Labor Statistics’ Consumer Price Index. In the meantime, average workers in the largest cities have struggled to keep up as they fill their savings accounts with… Read more…

February 6, 2019If buying a home is hard for the average working American, it can be even more difficult for the average working woman. The average full-time working woman earns just 81% of what the average full-time working man does, according to the U.S. Census Bureau. For the average full-time working woman, then, hitting financial goals like… Read more…

January 31, 2019For bachelor’s degree holders, nabbing a high-paying job often hinges on finding out which sectors of the economy most need educated workers. Identifying the right roles where employers are clamoring to hire them allows those with this undergraduate degree to snag a gig that offers a robust paycheck and helps build their savings accounts. Below, we… Read more…

January 30, 2019Record high home values, stagnating incomes, the largest economic downturn in a century and record levels of student debt are just a few examples of the roadblocks between millennials and homeownership. All these factors have manifested in millennials’ inability to sock away enough cash in their savings accounts for a down payment and the historically… Read more…

January 23, 2019Americans have greater than $800 billion in outstanding credit card debt, according to data from the New York Federal Reserve. What’s more, roughly 8% of credit card debt is delinquent by 90 days or more. If you’re someone saddled by debt and trying to avoid those lofty interest rates by paying it off, moving somewhere… Read more…

January 16, 2019Beachfront property in warm locales is not exactly in large supply, so it can be difficult to find an affordable home where you and your family can winter. For the past few years, though, SmartAsset has endeavored to uncover beach towns where the average American can afford to become a homeowner without depleting his or… Read more…

January 15, 2019A healthy work-life balance is something most professionals in the U.S. highly value. In fact, 53% of employees say that a job conducive to a greater work-life balance and improved personal well-being is “very important,” according to Gallup’s State of the American Workplace 2017 report. Of course, certain places around the country are better than… Read more…

January 8, 2019Many cities have a reputation for being filled with a particular type of professional.  Picturing New York City, for instance, some people may conjure up an image of Wall Street with its highly paid financiers. San Francisco, on the other hand, is known for its programmers. Washington, D.C. is the city of political scientists, of… Read more…

January 7, 2019Labor Day is an American holiday that celebrates workers and the labor movement. Observed on the first Monday of September, it also (unofficially) marks the end of summer. To most, Labor Day means a three-day weekend of fun in the sun,… Read more…

January 3, 2019The benefits of working from home are manifold — but especially helpful when it comes to your mental state and finances. After all, a commute can be stressful and pricey if you’re guzzling gas while sitting in traffic. What’s more, eating at home is usually cheaper than the standard takeout fare you might find around… Read more…

January 3, 2019Each new year, Americans tell themselves they’re going to make changes to improve their lives. According to a recent YouGov poll, the top three lifestyle adjustments Americans want to make are eating healthier, exercising more and saving more money. Of course, resolutions take commitment. It’s easy to say you’re going to sock more money away… Read more…

January 2, 2019When families are looking to move to a new area, they often consider the affordability of a new city, their new commutes and the quality of local schools. But one factor they can overlook is safety. More than just being crime-free, a safe city also has careful drivers and clean air. While danger can take… Read more…

December 24, 2018While there’s a lot you can do at an ATM or through a mobile banking app, there are times when you need to visit an actual bank branch. So what time does the bank close? In the past, all bank… Read more…

December 18, 2018Just six years ago, the Census Bureau estimated there were only 880 breweries in America. But the craft beer revolution took off: By 2016, the Census Bureau pegged that number at 2,802, 2,605 of which belonged to the microbrewery category. In fact, nearly one in four U.S. counties can boast having a beer brewery within… Read more…

December 18, 2018The new year is a time to reflect on which aspects of our lives we can most improve. For many people, that may mean a remorseful peak into their savings account or a regretful pinch of the waistline. Statistically speaking, losing weight or eating healthier tends to dominate surveys of Americans’ new year’s resolutions —… Read more…

December 14, 2018Certificates of deposit, or CDs, offer a reliable and structured approach to savings. A CD has a set term length. Once you make your initial deposit, you can’t touch that money until the term ends. This allows your money to… Read more…

December 12, 2018Every month, your bank prepares a document for you showing all of of your transactions for the past month. This is called a bank statement. It’s important to review your bank statement regularly – in part to ensure there aren’t… Read more…

December 11, 2018Online-only bank accounts are increasingly popular. They tend to offer better interest rates than typical banks because they don’t have to pay the costs of having brick-and-mortar locations. Two popular online banks in the U.S. are Ally Bank and Barclays… Read more…

December 4, 2018Money market accounts work like a blend of a savings and a checking account. They come with the potential to earn higher interest rates, but may also let you write checks. Luckily, these accounts are FDIC-insured, which keeps your money… Read more…

December 4, 2018The fear of skyrocketing rents can consume the thoughts of Americans who don’t own their homes. Despite an improving economy and low unemployment rates, rent increases continue to chip away at earnings. And when residents are forced to devote ever-increasing portions of their paychecks to rent, the scenario not only impacts their ability to pad… Read more…

December 3, 2018Mobile banking apps have come a long way. Once upon a time, features like mobile check deposit were considered cutting edge. Now, consumers have come to expect that kind of functionality, along with seamless money transfers, bill pay, ATM locators… Read more…

November 28, 2018One of the best ways to save for future medical costs is to invest in a health savings account (HSA). It provides you with some great tax breaks while also helping you save for future healthcare expenses. These investments could prove vital amid daunting healthcare costs you may face as you get older. In fact,… Read more…

November 28, 2018Feel like you’re slogging away at the office with no reprieve in sight? Maybe you’re grinding out those long days to show your loyalty to your company and nab a promotion? Sure, some American cities have well-established reputations for their hectic work schedules. In New York or San Francisco, for instance, it’s not unusual to… Read more…

November 27, 2018Most major banks will be open on Christmas Eve 2018, even though it’s a federal holiday and generally recognized as a bank holiday. Still, some banks do observe Christmas Eve. We’ll discuss which ones will open their doors before Santa… Read more…

November 19, 2018Though it may seem like an unofficial federal holiday, many banks are actually open on Black Friday. However, in many states the day after Thanksgiving is considered a state holiday, which means bank locations in those states may be closed.… Read more…

November 19, 2018Even though credit unions are not FDIC-insured, they still enjoy strong protection from the federal government. In fact, a different entity essentially does for credit unions what the Federal Deposit Insurance Corporation (FDIC) does for banks. The National Credit Union… Read more…

November 19, 2018These days, more and more people are managing their entire financial lives online. As a result, online banks are competing to offer the best products. Two that stand out today are Axos Bank and Ally Bank. Both are known for… Read more…

November 14, 2018If you’re trying to send money to someone, you may consider just transferring funds to the person’s bank account, but many people don’t have bank accounts. In fact, a recent FDIC survey revealed more than 9 million Americans fall into… Read more…

November 14, 2018Manufacturing used to be one of the largest industries in America. In 1910, the Bureau of Labor Statistics estimated that nearly one-third of workers worked in manufacturing. Today, that number has shrunk to 8.7%. Many smaller cities that historically relied on these manufacturing jobs have suffered as a result of their decline. But manufacturing in… Read more…

November 13, 2018If you’ve ever listened to the radio or watched television, chances are you’ve heard a commercial for a bank where a voice at the end says something about being FDIC-insured. If you’ve never stopped to look it up, FDIC stands… Read more…

November 13, 2018When shopping around for the savings accounts for you, it’s important to know what you want from it. It’s also important to learn how your options stack up against the competition. For instance, are you currently earning below the average… Read more…

November 13, 2018The average American family earns about $55,000 per year, according to Census Bureau estimates. Of course, that’s probably not enough to get by on in America’s most expensive cities, but there are plenty of places where the average American family’s income is sufficient for a satisfying life. These cities offer long-term financial stability by allowing… Read more…

November 12, 2018There are plenty of factors to consider when choosing a bank, including interest rates, fees, customer service and accessibility (both online and in-person). It can be a lot to wrap your head around, so it can help to narrow your… Read more…

November 8, 2018Most banks are open for business Monday through Saturday. But occasionally you might show up at your bank on a weekday and find that the bank has been closed all day. Because most banks follow a federal holiday schedule, their branches… Read more…

November 8, 2018A bank transit number, also known as a routing number, is a nine-digit number that helps financial institutions identify what institution issued checks or other documents financial documents. Transit numbers have been around for over 100 years, and they help… Read more…

November 8, 2018When it comes to choosing a bank, there are plenty of factors that you should consider, from interest rates to online banking offerings to the availability of physical locations. And the differences between banks are especially pronounced when comparing traditional… Read more…

November 7, 2018If you’re looking for the highest savings interest rates the industry can offer, you’ll want to turn to an online bank. Without the maintenance costs of physical branches, online banks can offer the most competitive rates – not only on savings… Read more…

November 7, 2018Renters in America face an uphill battle to create space in their budgets for saving. In fact, the latest Census Bureau data reveals that nearly 10 million renting households spent at least 50% of their income on rent in 2017. But there’s good news on the horizon for workers who rent in some cities. With… Read more…

November 6, 2018If you’ve decided you have no need for physical bank branches, an online bank could be just the thing. With many online banks offering significantly higher interest rates than their bricks-and-mortar counterparts, many consumers are making the switch. But which… Read more…

November 6, 2018Veterans are an important part of American society in light of their many sacrifices for our safety. They also make up a significant portion of our population: 7.3% of the 251 million Americans 18 and older are vets. But these heroes can face a number of difficulties when reintegrating into civilian life, particularly when it… Read more…

November 5, 2018A bank branch is a physical location of a banking corporation, such as Chase, Bank of America or Wells Fargo. These buildings are technically referred to as “brick-and-mortar” branches, and they provide face-to-face service for customers of a bank. Branches customarily feature mortgage officers, financial advisors and other professionals as well, something that modern-day online… Read more…

October 30, 2018Cashing a check at any bank will depend on the bank you’re trying to cash the check at and the bank the check is coming from. Some of the best banks will cash pretty much any check for you, even if… Read more…

October 30, 2018Mid-sized cities can offer a good compromise between the unaffordable, congested big cities out there and the smaller, sleepy suburbs. But with so many mid-sized cities across the country, it isn’t easy to tell which are the best options. From cities with a lower cost of living where opportunities to save and invest are abundant,… Read more…

October 29, 2018As of 2021, Simple is now closed. Customers’ accounts have been transferred to Simple’s parent company, which is now PNC Bank. For other account recommendations, check out SmartAsset’s lists of the best savings accounts, best checking accounts and best CDs.… Read more…

October 23, 2018It’s October, the creepiest month of the year, a time when many cities flaunt their ghosts, troubled spirits and haunted houses. But which locale can boast that it’s the spookiest in the U.S.? A cursory internet search for the most haunted cities in America retrieves many claimants while leaving any definitive answer a mystery. After… Read more…

October 22, 2018Sometimes you’ll need to transfer money from one bank account to another. Perhaps you’re paying some for the monthly rent or maybe you want to move your money from an old account into a high-interest savings account. Regardless, you have a… Read more…

October 22, 2018Investing in a certificate of deposit (CD) account provides you with several benefits, but they may not be what you’re looking for in your unique situation. As with anything in the investing world, you face some risk with CDs, though… Read more…

October 19, 2018Maintaining a healthy savings habit is critical to financial wellness. Unfortunately, many Americans lack basic emergency funds. One easy way to build one is by opening a savings account. The best savings accounts will offer high-interest rates, zero monthly service… Read more…

October 18, 2018Most of us know that a savings account is a smart place to store money. Savings accounts have higher interest rates than checking accounts and, as such, help us earn more without sacrificing liquidity. And although they yield lower returns… Read more…

October 18, 2018The American Dream of homeownership and financial independence is a hallmark of middle-class life. Indeed, working hard defines this cohort’s pull-yourself-up-by-your-bootstraps sensibility. But earning and saving up enough money to afford a down payment comfortably and reduce financial stress is getting increasingly difficult. With inequality on the rise in America, the middle class is getting… Read more…

October 16, 2018Finding the perfect city is difficult. You know you want to live somewhere with plentiful high-paying jobs. But you also want to balance a good job with affordable housing. That ideal scenario will allow you to boost your savings and set you on a clear path for financial independence. But there are other important considerations… Read more…

October 15, 2018As Americans pay more for healthcare, many seek new ways to save in case of emergencies. Some may not even know they have access to health savings accounts (HSAs) and health reimbursement accounts (HRAs), which can be two ways to… Read more…

October 12, 2018Good Friday marks the Crucifixion of Jesus Christ, and many of those observing will be fasting and engaging in religious ceremonies. Some may also be asking, are banks open on Good Friday? The answer is, most likely. Good Friday precedes… Read more…

October 11, 2018Are the robots going to steal your job or just free you up to tackle other needs at work? It’s a consideration that puts fear in the heart of the typical American employee. You see, on the positive side, labor-saving devices make workers more productive. And having more productive workers typically means goods cost less,… Read more…

October 10, 2018In a world where Americans are saving less and less, it helps to have something to motivate you to sock away some money for an emergency fund and a high-yield savings account can do that. As the name implies, these… Read more…

October 10, 2018Health savings accounts (HSA) and flexible spending accounts (FSA) both help people save for future medical expenses. These accounts also offer distinct tax benefits. But when deciding which one is really best for you, it’s important put them side by… Read more…

October 9, 2018Each year, the IRS sets maximum contribution limits for health savings accounts (HSAs). For 2023, this limit increased slightly from 2022 due to changes in cost of living as was determined by the IRS. There are certain circumstances under which… Read more…

October 9, 2018Between trade group meetings and professional development confabs, the American workforce attends a whole lot of conferences. According to the most recent data from forecasting company Oxford Economics, there are 1.9 million conventions, trade shows and meetings in the U.S. each year with a total of 251 million attendees. All that economic activity is a… Read more…

October 8, 2018Money market accounts tend to generate interest rates that climb well above those of even the best savings accounts. They also offer additional benefits. For example, several banks link money market accounts to debit cards. You can use these to… Read more…

October 1, 2018Considering moving your health savings account (HSA) funds from one provider to another? Luckily for you, the HSA rollover process isn’t as difficult as you may think. The IRS allows you to fund a new HSA account from another HSA… Read more…

October 1, 2018Closing your bank account may seem simple at first glance. However, there are a number of steps to follow and actions to take to close your account properly. Following the correct process will help you avoid unnecessary charges, fees and complications. We’ll walk you through the process from beginning to end and provide tips of… Read more…

September 25, 2018A health savings account (HSA) allows you to invest for future medical expenses, while enjoying special tax breaks. Your contributions reduce your taxable income and your money grows tax free. Your withdrawals are also tax-free as long as you use… Read more…

September 25, 2018If you’re shopping around for health insurance, you’re probably getting sick from the alphabet soup of plan names you’re taking in. What is an HSA? What about HDHP? Pondering the HSA vs. PPO decision alone may be giving you a… Read more…

September 25, 2018Minor league teams are a beloved tradition in many baseball towns across America. They offer fans many advantages that the major leagues can’t compete with. First off, minor league games are affordable, meaning attendees can keep more money in their savings accounts. Secondly, minor league games are mostly a local affair offering fans a more… Read more…

September 20, 2018If you want to open a bank account, you no longer need to visit a branch in person. With digital banking becoming more common, you can open and manage everything from saving accounts to mortgages, through online banking. In fact,… Read more…

September 20, 2018Around 2010 at the tail end of the Great Recession, the Census Bureau estimated that Americans 16 years old or older had an unemployment rate of nearly 11%. As of 2016, that figure stood at 5.8%. But while the economic downturn touched everyone, it did not affect everyone the same. Since then, some places have… Read more…

September 19, 2018Renters in America’s largest cities are no strangers to roommates. As rent costs have risen so has the need for renters to group together to save on housing costs. But while rooming with a friend or an associate certainly has its financial benefits, it also comes with a loss of privacy and comfort that can… Read more…

September 18, 2018It seems we always end up with a stack of paper documents lying around. This is still true even with the major shift to mobile and online banking. But how long do we really need to keep those bank statements… Read more…

September 17, 2018Certificates of deposit, or CDs, come in various term lengths. Once you make your initial deposit, you cannot access the money in the account until the end of the account’s term, also known as its maturity date. A CD ladder… Read more…

September 13, 2018Major banks, other banks in the Federal Reserve System, and the financial markets are all closed on federal holidays, which have been chosen by Congress. Non-bank employers also use these holidays as a guide for when they close but don’t necessarily… Read more…

September 11, 2018Across the country, teachers are having a tough time making ends meet. Earlier this year, teachers in states like West Virginia and Oklahoma went on strike and won concessions for themselves and the schools where they teach. All told, teachers in eight states went on strike this year with differing results. But while going on… Read more…

September 4, 2018Capital cities in the United States share many of the same characteristics. Housing the state and local city bureaucracy, capital cities often times have stronger economies than other cities in the state. The best state capitals also tend to have strong local histories that broaden the local cultural offerings for residents. With that increased interest… Read more…

August 23, 2018According to the latest Bureau of Labor Statistics Consumer Expenditure Survey, the average American household has an after-tax income of $64,175 and spends $57,311 per year. That leaves the average American household with a savings rate around 10.7%. But across the country, there are large disparities in savings rates. Some metro areas combine high-paying jobs… Read more…

August 16, 2018Most drivers probably have a few candidates in mind when they picture the worst drivers in the country. Often it’s drivers from a neighboring state invading their lane, but some states carry a nationwide bad-driving reputation. So while it is perhaps fun to joke about the bad road etiquette of certain motorists, bad accidents and… Read more…

August 14, 2018The minimum wage has become a hot topic of debate in the U.S. The fight for $15 has become a popular rallying cry for advocates of a higher minimum wage. And many cities have answered the call, especially those with the highest costs of living. In fact, some cities like Seattle and Belmont, California have… Read more…

August 2, 2018How much is higher education worth? Judging by Census Bureau data quite a bit. The average associate’s degree holder earns 18% more than the average high school diploma holder. In dollar terms, that’s a difference of $5,400 per year. And while $5,400 may not seem like a life-changing amount, over time $5,400 per year can… Read more…

July 20, 2018If you’re looking for the best bank account to meet your needs, Bank of America, Wells Fargo and JPMorgan Chase are all going to be excellent options. But how are you supposed to pick a winner? We make it easier with an… Read more…

July 18, 2018Picking the right bank to work with is an integral part of managing your financial life. Two of the largest banks in the country, U.S. Bank and Bank of America, are both excellent options if you prioritize accessibility. Whether you… Read more…

July 13, 2018Wells Fargo and U.S. Bancorp, better known as U.S. Bank, are ranked third and seventh as biggest banks in America, so if you’re looking for prestige and confidence in opening a reliable checking account, you can’t go wrong either way.… Read more…

July 12, 2018When you’re deciding whether to open a savings account with Chase or Capital One, you should look at the rates and perks each offers and whether they’ll meet your financial needs. Both Chase and Capital One are two large banks… Read more…

July 12, 2018Millions of Americans attend state fairs across the country every year. From rides and concerts to games and fried food, there’s something for everyone at a state fair. And with rising costs of living, state fairs are one of the few entertainment options which the majority of Americans can afford without breaking into their savings… Read more…

July 11, 2018Both PNC and Chase Bank offer a long list of banking products that can be conveniently accessed across the nation and are considered strong banking choices. Whether it’s checking and savings accounts, or branches, ATMs and mobile apps, both banks… Read more…

July 10, 2018TD Bank and Chase are two large financial institutions that provide an extensive range of products both through online services and numerous branches. If you’re looking to put your hard-earned paycheck into a savings account at TD Bank or Chase, it’s… Read more…

July 5, 2018When it comes to choosing a bank, TD Bank and Wells Fargo are two excellent picks. Both boast competitive benefits and accessibility. But before you choose to open a checking account or savings account with either bank, it’s best to compare TD… Read more…

June 29, 2018Citibank and Chase Bank are two of the biggest names in the banking industry today. Both financial institutions provide easy access with online and mobile banking, plus thousands of branches and ATMs domestically and abroad. These banks also offer a… Read more…

June 27, 2018JPMorgan Chase is the largest and most powerful bank in America, holding nearly $4 trillion in assets. Its competitor, U.S. Bancorp, takes fifth place. But bigger doesn’t always mean better when it comes to where you’re looking to open an… Read more…

June 26, 2018Online banks offer some of the best interest rates in the industry. They also tend to raise a few eyebrows. That’s because in most cases, they’re just like any other bank only without physical branch locations. Entirely online, Ally Bank… Read more…

June 26, 2018Credit card debt can destroy anyone’s finances if it is mishandled. According to data from TransUnion, the average credit card debt holder had $5,644 worth of credit card debt. While that number may not seem like a ton of debt, paying it off can be difficult due to high interest rates. Long-term credit card debt can… Read more…

June 21, 2018Finding the best bank in America to fit your specific needs is crucial for building a solid foundation in your financial life. But with dozens of different banks operating in the U.S., how can you know which one is best suited… Read more…

June 13, 2018A checking account provides a great tool for money management, keeping your money both safe and easily accessible. However, many banks and credit unions charge a fee to own a checking account. These fees generally range from $4 to $20 although… Read more…

May 24, 2018When browsing a bank’s account options, you’ve probably come across certificates of deposit, or CDs. These are time sensitive accounts that grow your initial deposit for a given amount of time, depending on your preferences. In these CDs, your money… Read more…

May 22, 2018When it comes to saving your money, you have a number of account options. You might first think of a simple savings account that allows your money to grow according to a set interest rate. You also have the options… Read more…

May 16, 2018Having a savings account is incredibly important to your financial health. It keeps your money safe and grows your savings according to set interest rates. Typically, you can have a savings account alongside your checking account for automatic transfers and overdraft protection. But there’s also another type of account that works like a hybrid of… Read more…

May 10, 2018Whether you’ll be making a number of international money transfers or it’s a one-time transaction, it’s important to know the best ways to send money internationally. Maybe you need to put down a deposit for a vacation rental, send money… Read more…

May 9, 2018When choosing whether to open a bank account with Ally Bank or Capital One, it really comes down to whether you want access to physical branches when you bank. Ally Bank is an entirely online operation, limiting you to its… Read more…

May 8, 2018When it comes to accessing your various bank accounts, ATMs offer a big convenience. This is especially true when you bank with an institution that offers thousands of ATMs all over the world. According to data from the World Bank,… Read more…

May 4, 2018There are special banking opportunities for those who have served our country in the military, are currently serving or for the families of these individuals. Two such options are Navy Federal Credit Union and USAA Bank. Let’s break down who… Read more…

May 3, 2018Despite the ease it provides, paying in cash isn’t always the most secure form of payment. Instead, you may be asked to pay with a money order. You can get a money order almost anywhere, like banks, post offices and… Read more…

May 2, 2018The main plus of having a bank account with a big bank is the widespread access you have to your money. Both Wells Fargo and Bank of America provide their customers with thousands of ATMs and branches throughout the country.… Read more…

May 1, 2018Opening a checking account, whether a personal or business checking account, is a relatively easy process as long as you’re prepared with the right information. It becomes even easier when you know what to expect. To open a checking account,… Read more…

April 27, 2018At some point, you may end up receiving money in the form of a check. This could be your paycheck, your tax refund or a personal check from a friend. Unlike cash, you can’t turn around and spend the check… Read more…

March 23, 2018Traveling abroad can be expensive. Besides renewing your passport, booking your flight and arranging accommodations, you have to pay for transportation, food and any experiences you may want to check out. Even if you have reliable credit cards or a debit… Read more…

March 21, 2018Few things are more frustrating than trying to get in touch with your bank when something has gone wrong with your checking account or savings account. But when handling bank account-related problems, whether it’s an issue like identity theft or something as simple as needing to change account information, some banks handle their customers’ requests… Read more…

March 19, 2018Saving for retirement is important for people of all ages, with a 401(k) being a particularly popular option. However, this standard account type may not always be enough. That’s where an individual retirement account, or IRA, comes in. IRAs let… Read more…

March 16, 2018Many of us have experienced that heart-sinking moment when you get to the ATM or cash register only to discover you don’t have your debit card. Perhaps you dropped it in the parking lot or someone snagged it from your… Read more…

March 15, 2018It can be hard to start a search for a new bank. Nowadays, there are so many banks to choose from, with online banks adding their names to the ranks of big banks. But if online banking isn’t for you,… Read more…

March 12, 2018Money market accounts offer a unique way to save and spend your money. They act as a mix of a savings account and a checking account. This means you can earn interest on your money market account balance and easily access… Read more…

March 9, 2018Whether you’re new to banking or looking to switch banks, you’re probably familiar with Chase and Bank of America. These are two of the biggest names in the banking industry. Each has similar product offerings, from a simple checking account… Read more…

March 2, 2018A safety deposit box, also known as a safe deposit box, is an individually locked box held within a larger vault. These are usually located in a bank, which is a very secure place to put it. These boxes come… Read more…

February 26, 2018Simple has announced that it will be closing in 2021. Once the bank is officially closed, customers’ accounts will be transferred to Simple’s parent company, PNC Bank. For other account recommendations, check out SmartAsset’s lists of the best savings accounts,… Read more…

February 23, 2018When it comes to withdrawing money from an ATM, you are limited to the amount you can withdraw in one day. You’re also subject to the amount of money you spend with your debit card each day. All banks impose… Read more…

February 22, 2018When it comes to financial health, it isn’t just about making more and more money. No matter how much money you’re making, you need to be saving a significant chunk of your funds. This comes in handy in case of… Read more…

February 15, 2018Wire transfers have proven to be a valuable asset for people who need to send money quickly and securely. Whether you’re sending money to a relative abroad or closing on a home, wire transfers offer a safe way to send large… Read more…

February 14, 2018You’ve probably received a Visa, MasterCard or American Express gift card at some point. Or, you’ve bought one yourself. Prepaid cards can be found in the checkout line at the gas station or even in your mail as a reward… Read more…

February 12, 2018Offering a higher interest rate than a regular savings account with the accessibility of a checking account, a money market account is a great place to stash your emergency savings. The hybrid kind of account has been an option since the 1980s… Read more…

February 9, 2018Perhaps you’ve found yourself in a situation (or two) where you needed to send or receive money as soon as possible. Whether it’s legal trouble, a large medical bill or an urgent trip, it’s not always easy to transfer money… Read more…

February 8, 2018Chances are, you’re pretty intimate with your checking account. This type of account is typically used for regular spending. You may even move money in and out of it multiple times a day. The best checking accounts are affordable to maintain,… Read more…

February 1, 2018Most of us rely on financial instruments to keep our savings safe, but it can be hard to know if you’re saving enough. Evaluating the average savings account balance across the country is a good start. Using data from the… Read more…

January 26, 2018A credit union is a lot like a bank, but with one big difference. It’s not for profit. So it’s not taxed. In theory, this allows it to pay higher interest rates to savers and charge lower interest rates to… Read more…

January 23, 2018The job market can change quickly. The decline in manufacturing jobs was a focus during the 2016 presidential election and the BLS projects some jobs like data entry keyers will be in serious decline by 2026. To stay ahead of these trends, and to make sure your savings account never runs dry, it’s a good… Read more…

January 15, 2018Lauren (Greutman) Cobello is dedicated to helping others save money. Saving is something that financial coach Cobello struggled with for years. Her inability to save led to $40,000 of debt. But through dedication and simple changes, Cobello and her husband… Read more…

December 13, 2017One constant in the U.S. economy over the past 40 years has been the ascendency of women in the work place. In 1976 the number of men in the workforce was about 47% higher than the number of women (57.1 million to 38.9 million). By 2016 that number had dropped to almost 14% (84.7 million… Read more…

December 11, 2017AJ Smith didn’t always focus on personal finance. She liked to work and earn money – that was about as far as she planned. But over the course of her career, she came to see just how important personal finance is.… Read more…

November 16, 2017People advise you to do what you love. But sometimes doing what you love doesn’t pay your mortgage bills. Of course, it’s possible to combine your interests with a career with solid earning potential. With that in mind, SmartAsset took a… Read more…

November 1, 2017The unemployment rate in the U.S. hit 4.2% in September 2017, according to Bureau of Labor Statistics. This is the lowest it’s been in a decade, since the start of the Great Recession. While a low unemployment rate is important, rising incomes matter more for American families. SmartAsset examined the most recent income data to… Read more…

October 31, 2017You have some money that you want to put in the bank. What type of bank account should you put it in to make sure you get the most bang for your buck? It can get confusing with all the… Read more…

October 26, 2017Money management is a tricky subject. For many, the topic’s accompanied with a feeling of apprehension. Maybe you’ve put off saving for retirement for a bit too long. Or, perhaps you’re worried about not having an emergency savings cushion. Whatever… Read more…

October 25, 2017Whether it’s $14 avocado toasts, $5 lattes or $1,000 iPhone Xs, millennials have become the punchline of many jokes for their alleged profligacy. But is this reputation earned? SmartAsset gathered spending data to analyze millennial money habits. Read on as… Read more…

October 23, 2017Starting early with college savings is a smart choice. With the price of higher education rising each year, the sooner you start, the better chance you’ll have of helping make a dent in those costs. The average private college charged… Read more…

October 20, 2017You might associate joint bank accounts with married couples or couples who live together. While those are common situations when a joint bank account can work, there are a number of other relationships that could benefit from a joint bank… Read more…

October 17, 2017There are many different strategies for approaching building a budget. In fact, there are a number of budgeting apps and programs available that can do much of the work for you. Understanding how to build a budget on your own,… Read more…

September 29, 2017Ever wondered what the key to financial success is? While it’s hard to pin down one single key, having a budget plays a part. Having a budget is crucial to taking control of your finances. It helps you take stock… Read more…

September 22, 2017You’re probably already familiar with big banks. Banks tend to be huge institutions that stretch nationwide, if not worldwide. Chances are you already have a bank account, too. But what’s up with big banks’ smaller cousins, credit unions? We often… Read more…

September 18, 2017Money orders, a popular alternative to checks, provide a secure way of sending and receiving funds between banks. They especially come in handy for sellers when you don’t know or trust the buyer. Anyone can request or choose to pay… Read more…

September 11, 2017If you’ve never opened a bank account before, you’re probably wondering how the process works. Specifically, what kind of qualifications, information and paperwork do you need to have to open an account? Whether you’re opening your first bank account or… Read more…

September 7, 2017It wasn’t long ago that paying bills or getting a paycheck meant waiting for a check to move through the mail system. Nowadays, many of these payments happen online through an electronic network called the Automated Clearing House or ACH. Tens… Read more…

August 31, 2017Whether you want to make or receive a secure payment, it’s hard to know the best way to do so. You could go the cash route, but that’s risky to send in the mail. Plus, do you really want to… Read more…

July 18, 2017A cashier’s check is often necessary for big purchases, like the down payment on a home. This is because a cashier’s check is drawn from a bank’s account and is therefore as highly regarded as cash. You can’t bring a regular personal… Read more…

March 3, 2017There are multiple ways to send money. In the past, you may have written a check. But these days, you can transfer money electronically through various payment systems, including apps like PayPal, Zelle and Venmo. You could also wire money… Read more…

February 20, 2017Many of us have a lot on our plates. Besides our demanding jobs, there may be dishes to wash, children to feed, and errands to run. If we have to do something outside of our normal routine, we often wonder… Read more…

January 9, 2017An emergency fund can be a lifesaver if you find yourself in a tight spot. But the amount of savings you have may vary depending on where you park your rainy day fund. While a traditional savings account is more… Read more…

December 19, 2016If you’re planning to go abroad soon, you’ll need to have access to foreign currency. While you could make all your purchases with a credit or debit card, you run the risk of wasting too much money on foreign transaction… Read more…

September 20, 2016Bank-to-bank transfers allow consumers to move money electronically. Specifically, they allow someone to transfer money from an account with one bank to an account with another institution. If you’ve never used this service before, it might seem a little confusing.… Read more…

June 14, 2016Private banks want the business of high-net-worth individuals, so they often end up creating accounts and services that are specific to those who can afford them. However, the best private banks are typically large enough that anyone can benefit from some of this activity as well. We’ve compiled a list of the best private banks that… Read more…

March 11, 2016When you save or invest your money, you expect to earn some sort of return. With deposit accounts like certificates of deposit or savings accounts, banks need a way to measure the return that you can expect. Enter the annual percentage… Read more…

February 29, 2016If you want to break up with your bank, it’s a good idea to pump your breaks before moving over to a credit union. While it’s true that credit unions rival banks by charging fewer fees and accommodating their customers’… Read more…

February 26, 2016Millennials probably can’t imagine banking without their computers or cell phones. Members of older generations, however, might recall a time when they had to visit a branch to access their accounts. To some people, the passbook savings account is a… Read more…

February 18, 2016Just because two people haven’t officially tied the knot doesn’t mean they don’t have shared expenses and financial goals they want to achieve. So how should unmarried couples handle saving money? Some of the best tips apply to married and unmarried… Read more…

February 12, 2016If you’re on the hunt for a new checking account or you want to start investing, you might need to set aside time in your schedule to do some research. That’s because there are many kinds of banks and financial… Read more…

February 9, 2016It’s time to pay your electric bill. You send in the payment but then you get a notification that you overdrew your account. Now you have to pay an overdraft fee. This is a common fee and if you don’t… Read more…

February 9, 2016Your credit score matters, especially if you’re planning to buy a house or you want access to the lowest loan interest rates. There are three credit bureaus that keep track of consumer credit data. What many people might not know… Read more…

November 17, 2015Switching banks might make sense if you’re paying too many fees or your savings account interest rate isn’t high enough. Comparing checking accounts and opening a new one isn’t that difficult, but closing an old account can turn into a… Read more…

October 21, 2015Writing checks isn’t as common as it used to be. Many of us rely on our credit cards, direct debit and cash to make the payments in our lives. For some people, a monthly rent check is the only check… Read more…

September 29, 2015A certificate of deposit (CD) is an example of a low-risk, low-return place to stash your money. CDs are offered by banks and credit unions. Like bonds, they have maturity dates. You buy a CD with a maturity date that… Read more…

September 11, 2015Yes, opening an offshore bank account is legal, as long as you follow procedures and declare your accounts to the IRS. The bigger question is whether you should bother opening an offshore account. Of course, if you’re living abroad you’ll… Read more…

May 21, 2015Mobile-only banks are one of the latest innovations to hit the banking industry as financial institutions adapt to keep up with changing consumer demand. Although the concept is relatively new it’s quickly catching on, especially among millennials who seem to… Read more…

May 12, 2015If you’re tired of handing over money to your bank for overdraft fees each month, you might want to think about opening a checkless checking account. Banks like Bank of America and Citibank offer check-free banking options that come with… Read more…

April 21, 2015Learning how to properly manage a bank account requires some trial and error and just about everyone makes a mistake at some point. If you’ve run into trouble in the past with overdrafts or bounced checks or have bad credit,… Read more…

April 17, 2015If you’re fed up with the fees your current bank is charging you, switching to a new one can cut down on the cost. The only problem is that before you head out the door, your old bank could slap… Read more…

April 14, 2015Managing your savings and checking accounts can be a lot easier these days thanks to innovations like online and mobile banking. One of the newest tools that banks are rolling out is mobile deposit, which allows you to add money to your account by taking a picture of it with your smartphone. While mobile deposit can be… Read more…

March 13, 2015Recently a younger family member mentioned that he had just gotten a new debit card for his checking account because someone had gotten into his account. He said he wasn’t sure how it happened, but someone got access to his checking… Read more…

August 18, 2014The consolidation of banks in the U.S. has been a trend over the past 40 years. In fact, in 1985, there were 14,427  banks that were insured by the Federal Deposit Insurance Corporation (FDIC). However, in 2022, there were only… Read more…

July 24, 2014Most people know how to spend money but learning how to save money is an entirely different story. The Federal Reserve puts the personal saving rate at just 4.8% of disposable income, as of May 2014. While the overall saving… Read more…

June 11, 2014You’ve probably heard of an emergency fund, but do you have one?  Most of the financially savvy people in this world have gotten good at budgeting for the every day predictable expenses.  But what about the leaky roof that finally… Read more…

May 15, 2014Finding a good deal on a checking or savings account is becoming more difficult with banks charging higher fees. Over the last few years, online banking has become a popular alternative to brick-and-mortar banks, but it’s not right for everyone.… Read more…

May 5, 2014If you’ve got a checking account or savings account, chances are you’ve gotten hit with a fee at some point. For banks, fees equal increased revenue but for consumers they’re simply a nuisance. Before you hand over another penny to… Read more…

April 21, 2014By definition, the purpose of having a savings account is to give you a safe place to park your cash. Depending on your needs, you could use a savings account to start your emergency fund, save for your dream vacation or… Read more…

April 14, 2014It’s never too early to start teaching your kids good financial habits and the teen years are a great time to introduce them to the basics. Setting your teenager up with a bank account of their own is an important… Read more…

March 24, 2014Getting married means joining your life with someone else’s and for many couples, it can take some time to work out all the kinks. One of the most important things that needs to be addressed once you tie the knot… Read more…

March 10, 2014Finding the best bank for your needs can be a little bit like finding a needle in a haystack. Even though all look the same on the surface, you’re bound to uncover some major differences when you take a closer… Read more…

March 5, 2014When it comes to your money, your first priority should be to make sure it’s safe. You could stuff your cash in your mattress or bury it in the yard but keeping it on deposit at a bank or credit… Read more…

September 12, 2013If you’re looking to build your emergency fund or stash away some extra cash for that big screen TV you’ve had your eye on, a savings account is a logical choice. While traditional savings accounts don’t carry the same level… Read more…

August 29, 2013Heading off to college your first time can create a lot of excitement and worry. There are a lot of things to do before you start classes each fall. For example, if you haven’t done it already, opening a student… Read more…

September 17, 2012Is your bank closing your local branch? Don’t be surprised at what is now becoming a common occurrence. Presumably, the economy is a factor in driving banks to shutter branches to save some money. This leaves you with a big question: If your bank closes your local branch, what do you do – do you find a new bank to keep your… Read more…