Featured Article
Credit cards can increase your purchasing power, but how many credit cards are too many? There are both pros and cons of having multiple cards.
Continue ReadingThe holidays can be tough on a budget. A survey from American Express Pay It Plan It found that 86 percent of American millennials spent more money on the holidays last year than they’d planned. With the added expenses of travel, food and beverages, entertainment, and holiday gifts, financing the holidays can be challenging, to say the least. Having more available credit could help out.
Fewer and fewer people are writing checks these days. With so many payment alternatives, including cash, electronic transfers, credit cards, debit cards, Apple Pay, Google Pay, and more, check writing has steadily fallen out of fashion. According to a 2019 Federal Reserve study, from 2015 to 2018 check payments declined 7.2 percent per year by the number of checks written and 4.0 percent per year by the total value of checks written.
If you’ve got some cash you’re looking to keep in a safe place and earn interest on, you may be considering a money market or a high-yield savings account. Both of these options offer the security of a standard savings account, but they typically pay higher interest rates. And they don’t require you to leave your money in them for a set period of time like a certificate of deposit.
This material is for informational purposes only and is not intended to replace the advice of a qualified tax advisor, attorney or financial advisor. Readers should consult with their own tax advisor, attorney or financial advisor with regard to their personal situations.