Submitted by Adam D. Koos on Fri, 02/28/2014 - 12:00pm
Holding cash these days means watching taxes and inflation chew its value away. But you need some cash on hand for emergencies. How much, and how do you allocate it to get the best return in a time of extremely low rates?
Low interest rates were not a problem back in the 1980s, when they were sky-high. Back then, you could get certificates of deposit paying a double-digit interest rate. Today? Good luck finding a single-digit on the left side of the decimal point reading anywhere north of the number “1.”
Submitted by Sterling Raskie on Wed, 01/22/2014 - 12:00pm
If you or your loved one serve in the military and are about to deploy in a dangerous area overseas, know your savings options. They are generous.
The Department of Defense’s savings deposit program (SDP) allows combat-zone service members to allocate fractions of – and in some cases, all – their combat pay to a savings account up to $10,000 per deployment.
Submitted by Ken Weingarten on Fri, 01/03/2014 - 3:00pm
Your salary grows every year – presumably – and so should your savings, if even in tiny amounts. Here’s how it all adds up.
Personal finance writing uses 1% a lot lately – either as the figure to annually increase your savings or as the select slice of the population the financially aspiring want to join. Can consistently saving 1% more each year help you gain entry into the top 1% we heard much about over the past few years?
Submitted by Joseph A. Clark on Thu, 01/02/2014 - 3:00pm
Marriage is both a romantic and a financial union. While couples usually have broad discussions about the future, they often fail to talk about how to commingle the money and how to operate financially as a family. Discussing three important items at the outset makes the marriage run smoother.
Bringing two lives together to form one family unit is an exciting time. The joining of belongings, beliefs and money create an opportunity, but also stress.
Submitted by Rob Gabridge on Fri, 11/22/2013 - 12:00pm
You make a decent living, maybe even border on rich. Can you maintain that wealth and if so for how long? Here’s some perspective on how to build true wealth.
Part of the American Dream hinges on the freedom to pursue prosperity and success through hard work. We Americans enjoy the personal liberty to determine our own path in life; our capitalist society supports a path to financial freedom.
Submitted by Tom Orecchio on Tue, 11/12/2013 - 12:00pm
An emergency fund acts as a safety net, protecting you and your family from unforeseen circumstances where you need cash immediately. But you must be smart when you set it up, and know how to use it and for what purposes.
Emergencies are things we don’t want to even think about. But guess what? They do happen. Life can be full of unexpected obstacles. Having cash at hand will help you by providing you with more options and preventing you from taking on debt at the worst time possible.
Submitted by Maureen Crimmins on Fri, 11/01/2013 - 3:00pm
Many of your savings habits, good and bad, begin in your early years. You can stash money in scads of places. Here are a few.
I remember my first passbook account and the excitement of savings to call my own, dollar by dollar duly recorded in a passport-like book that slipped neatly into my pocket.
The major gift-receiving occasions in my young life let me watch my money pile up in the little blue booklet. I felt the joy of my own rainy-day fund and imagined numerous scenarios of spending it one day soon.
Submitted by Eric Hutchinson on Thu, 10/24/2013 - 9:00am
You diversify your portfolio, passively or actively manage your holdings and wait for your returns to roll in. Depending on your holdings, a few factors chew your returns before you see them. Here’s what to look for.