If you have purchased a CD — otherwise known as a certificate of deposit — from your bank, you probably know that withdrawing money from it before the term expires usually requires payment of a penalty. However, you might not realize that this fee you pay for an early withdrawal — which typically amounts to … Read more

Africa Studio / Shutterstock.com For many people, leaving an inheritance is an opportunity to provide loved ones with a final parting gift. But not all inherited assets are created equal. “If I’m inheriting something, I want something with no strings attached,” says Mallon FitzPatrick, head of wealth planning and managing director at wealth management firm … Read more

It’s possible to make $100s just by opening up a new bank account. But sorting through the best offers can be tricky. There’s no shortage of enticing opportunities for banking clients right now. We’re happy to do the work for you. The Money Crashers team combs through hundreds of bank account deals every month to … Read more

I hate debt. Don’t you? Debt’s like a cancer, eating away at your goals. It’s taking money out of your pocket and handing it to a lender. They’re getting ahead. You’re not. So, let’s destroy your debts this year! And while we’re at it, let’s fix up your credit, too. If your debts are small … Read more

CREATISTA / Shutterstock.com Editor’s Note: This story originally appeared on The Penny Hoarder. If you’re struggling with unpaid medical bills, you’re not alone. Americans are estimated to owe as much as $140 billion in unpaid medical debt, according to a 2021 study from the Stanford Institute for Economic Policy Research. Mounting medical bills can wreck … Read more

Dee Dalasio / Shutterstock.com Editor’s Note: This story originally appeared on The Penny Hoarder. As anyone who has accumulated a collection of jewelry knows, there’s nothing like the detritus in drawers, boxes and overflowing jewelry boxes. Amid the diamonds and opals, the silver and gold (OK, if you’re lucky), lies a different kind of beauty … Read more

Life moves quickly. It’s easy to get distracted. But that can be costly. Miss an important financial date or deadline, and you could be on the hook for a penalty or lose out on a limited-time opportunity to save money. Enter our “Money Calendar” series. In this edition, we’ve rounded up noteworthy money dates in … Read more

You did it! You’ve saved up a down payment, improved your credit score, and settled on a couple of neighborhoods with the amenities you really want. You’ve even found a real estate agent you love working with. Now all you have to do is find the right house, and you’ve unlocked new features in the … Read more

Opening a savings account for your business might seem odd, but if you think about it, it’s a great way to have an emergency fund in case something goes wrong. In fact, many businesses open savings accounts for several reasons, many of which we’ll discuss below. At the same time, knowing which savings accounts will … Read more

Kamil Macniak / Shutterstock.com If inflation ravaged your budget in 2022, you’re probably looking for ways to cut costs in 2023. Some expenses are relatively easy to trim, and we highlighted many of them in “15 Painless Ways You Can Cut Costs in 2022.” But there are also some less obvious ways to keep a … Read more