Category: Savings
Savings Challenges
Money savings challenges give guidance to people to reach benchmarks. Plan how much can be saved or how much a person wants to save by creating a detailed plan. Each benchmark can help a person to stay focused on their goal. Time Line There are multiple ways to create challenges, breaking it down into time…
Best Online Savings Accounts: May 2024
The best online saving accounts normally offer higher interest rates than traditional savings accounts and traditional banks. At many online banks there are high-yield savings account options,The lower maintence costs of not having actual bank location allows the higher interest rates to be offered. The downside of an online bank is not being able to…
Save Money: Top 3 Ways
Learning to use creative ways to save money will help yourself to increase savings and investments for your future. There are multiple ways to reach goals for investments and savings from imaginary bills, side work, and taking advantage of employee match programs. Imaginary bills An example would be if your rent is $1,500 now, but…
T-Bills Vs. T-Notes Vs. T-Bonds
Treasury Bills Treasury bills (also known as T-bills) is a short term loan to the federal government. The loan duration is less than 12 months. These have lower rewards and lower risk than other investment options typically. The interest rates are fixed to the rate that is offered for the duration. At the end of…
What is a Certificate of Deposit (CD)?
Certificate of deposit is an account where you are guaranteed a rate of deposit for a set time, usually three months to five years. At the end of the duration the funds will rollover into a new CD depending on the terms and conditions. You can adjust if the funds will be rolled over or…
What is a High-Yield Savings Account?
A high-yield savings account is a savings account that pays at a higher interest rate than a traditional savings account. Financial institutions and online banks are most companies that offer these. This is an opportunity for your money to grow, while being an FDIC insured account, per insured bank. Today the rates can range from…
