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Effective Saving
Achieve your financial goals faster with proven strategies for effective personal saving, from budgeting tips to choosing the right savings account. Start saving smarter today.
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Personal SavingsSaving Money With a Purpose
Saving money can seem hard to do, especially if you don’t have any goals defined. But saving money can be simple when you have a solid savings plan and an idea of your future financial goals.
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Personal SavingsThe Cash Envelope System: A Hands-on Approach to Budgeting
Are you having trouble budgeting? With the cash envelope system, you put actual cash into pre-labeled envelopes to pay for gas, groceries, clothing, and other monthly expenses. This article will walk you through the system, give you handy tips, and discuss the pros and cons.
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Personal SavingsWhat is a 529 Plan?
Planning to send your child to college? A 529 plan, also known as a qualified tuition plan, could offer you some worthwhile advantages.
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Personal SavingsSavings Calculator
With a savings account, your money will grow over time. That growth will change based on how much you save each month, the interest rate on the account, and how long you save.
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Personal SavingsSaving With a Purpose Planner
Saving with a purpose is the secret to making your goals a reality. This Coach session will help you set concrete savings goals and show you how much you need to save every month to reach them.
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Personal SavingsHealth Savings Accounts
With a health savings account (HSA), you can set aside pretax income to pay for current or future health care, including deductibles, copayments, and any qualified medical expenses, including dental bills and prescription drugs. Any withdrawals you make from the HSA to cover these costs are tax free.
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Personal SavingsCertificate of Deposit: How Do CD Accounts Work?
A certificate of deposit (CD) allows you to earn high interest rates by agreeing to leave money in the bank for a specified amount of time.
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Personal SavingsThe Rule of 72
Calculating compound interest can be tricky and intimidating. However, there are some shortcuts you can take to get a quick estimate of growth rates. A common shortcut is known as the Rule of 72.
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Personal SavingsMoney Market Accounts
There are many options for keeping your money safe and earning a little extra from interest. Like a savings account or CD, a money market account (MMA) is a way to earn interest on money that you deposit at a bank or credit union.
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Personal SavingsEmergency Funds
One of the most effective tools for preventing a large-scale financial disaster is an emergency fund, an amount of money that is set aside to cover unexpected expenses, or to keep you afloat if no regular income is coming in.
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Personal Savings50/30/20 Rule
The 50/30/20 rule is a simple rule of thumb for individuals who want a budget that is easy, yet effective, to implement. It offers guidelines for enjoying your income while putting savings on autopilot.