Money Market Account or Savings Account: Which is Right for You?
An essential part of creating a stable financial future is being able to set aside savings, whether for a rainy day or for your future. Putting money in a money market account or savings account is a safe, low-risk way to keep your funds liquid. They are both excellent financial tools that put your savings to work while earning interest. However, depending on your financial goals or personal situation, one account could be preferable over the other.
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Back to School: Make Financial Education a Priority
According to a recent financial literacy survey conducted by Charles Schwab, 63% of Americans believe that financial education should be a priority for their children, and 65% think that schools should provide the lessons. However, only a small percentage of U.S. schools actually require students to take a personal finance course. As the COVID-19 pandemic exposes how financially vulnerable many people in our nation are, here are a few ways that you can teach your kids some basic money management skills.
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Tips for Saving and Paying for College Tuition
The cost of going to college keeps going up. In fact, sometimes it may seem like getting a degree is unaffordable. However, there are many ways to help make college more affordable for you, your family members, or your children. Here are a few tips and tricks.
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How to Consolidate and Pay Off Debt
Between their credit cards, student loans, car loans, and mortgages, many people are in debt these days. Some debt, like loans with lower interest, is good. However, high-interest credit card debt isn't. It can severely affect your credit score and cost you hundreds, if not thousands, of dollars in interest over time if you are only making minimum payments each month. Consolidating and paying off your debts with a loan could be the best answer for how to pay off debt.
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How to Protect Your Credit Score When Funds Are Tight
The economic effects of the coronavirus COVID-19 pandemic have hit many families hard when it comes to their finances. Job layoffs/furloughs, and for some if they are still working, pay cuts. With many families already living paycheck-to-paycheck, any decrease in income could make a tight budget even tighter and make it challenging to keep up with credit card bills and loan payments. If you are in this predicament, here are a few tips that can help you protect your credit score during this crisis.
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