Category: Personal Finance

✦ In Plain WordsDeposit insurance is a safety net that the government stands behind. If your bank or credit union fails, it pays back your money up to a limit. The limit applies to each person, at each bank, in each type of ownership, such as a single account or a joint one. So what […]

✦ In Plain WordsBanks make a lot of money from small fees, and the biggest is the overdraft fee, charged when you spend more than you have. You can usually avoid it by saying no to overdraft coverage on debit card purchases, keeping a small cushion in the account, and turning on low-balance alerts. When […]

✦ In Plain WordsYour bank offers two main kinds of account, and each does one job well. A checking account is built to move money: bills, cards and transfers run through it. A savings account is built to hold money, and a good insured one pays far more for waiting. So keep only a month […]

This guide has 2 partsThe Financial Order of Operations: Where the Next Dollar Should GoThe Financial Order of Operations: The $75,000 Household, Paycheck by Paycheck (you are here)★ In This PartThis is part 2 of 2 of our guide to The Financial Order of Operations. It picks up where The Financial Order of Operations: Where […]

This guide has 2 partsThe Financial Order of Operations: Where the Next Dollar Should Go (you are here)The Financial Order of Operations: The $75,000 Household, Paycheck by Paycheck ✦ In Plain WordsPicture your money filling a row of buckets, where each bucket must be full before the next one gets any water. First pay your […]

This guide has 2 partsFinancial Literacy for Teens and Students: Money Skills Before the First PaycheckTeens and Money: Why Whose Name Is on the Account Matters for College Aid (you are here)★ In This PartThis is part 2 of 2 of our guide to Financial Literacy for Teens and Students. It picks up where Financial […]