Oleg Golovnev / Shutterstock.com We all have regrets — including financial regrets. As you get older, there’s a good chance that you might feel as though life could have been better if you’d just done things a little differently. The National Bureau of Economic Research (NBER) recently surveyed more than 1,700 Americans aged 50 and … Read more
Roman Samborskyi / Shutterstock.com Editor’s Note: This story originally appeared on Living on the Cheap. What should you do with old sweaters? You bought those sweaters for ski slopes you no longer visit, holiday and ugly-sweater parties at offices where you no longer work, or for fashions and sizes you no longer wear. Now, they … Read more
Social Security recipients got a big boost to their monthly checks this year, but it still likely was not enough for millions of seniors. The 5.9% cost of living adjustment (COLA) that was added to Social Security benefits in 2022 — which was the highest in four decades — fell short of the actual inflation … Read more
Quick Look The Fed raised interest rates by 50 basis points this week. Economists expect a smaller 25-basis-point hike on Feb. 1, 2023. Interest rates on credit cards and mortgages will continue to increase as a result. Savings account yields could increase as well. The Fed hopes to stop hiking rates in Q1 or Q2 … Read more
We have ranked the top 25 franchises for 2023 based on several key factors. Here are the best franchises to buy and own in 2023. Do you think you have the thought of the next big rewards site or a business innovative dream? It can be tough to get started even if you have a … Read more
Prostock-studio / Shutterstock.com The Federal Reserve continues to steadily raise its target range for the federal funds rate, and that has motivated banks to offer rates on savings accounts that were unthinkable not so long ago. To be sure, the average savings account rate is a paltry 0.24%. But if you know where to look, … Read more
Prostock-studio / Shutterstock.com Driving a car comes with a lot of little annoyances that most people simply deal with. That’s just how things are, right? Not necessarily. Sometimes there’s an elegant solution to those things that vex you day after day, but you might never think of it on your own. And the best part? … Read more
Quick Look Home equity is how much of your home you own based on how much you’ve paid off. You can borrow against your home equity. But borrowing against your home equity isn’t always the right move. A cute little house with a white picket fence is a lot more romantic than the portion of … Read more
Oh my, you will love this of the best money market accounts. If you want to earn more interest on your savings, then a money market account is worth considering. Money market accounts work similarly to savings accounts, and you can open one up at most banks. However, the best rates can be found at … Read more
A cash management account (CMA) is an account that lets you spend, save, and even invest your money from a central account. In other words, cash management accounts are like a hybrid between checking, savings, and investment accounts. Cash management accounts are useful because they’re flexible and let you move money around. And, many online … Read more