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While traditional brick and mortar banks can be very convenient, they can rarely compete with the high interest rates offered by online high yield savings accounts. Personally, I think these online high interest accounts are the best place to stash your emergency fund and save up money for your short-term goals, such as, saving money [...]

In the past few weeks, I’ve been reading some articles, along with their comments, about people cutting up their credit cards. There are multiple rationales behind this decision. One such rationale is that the credit card companies act immorally by preying on the “weak” who fall into the trap of credit. Another rationale is that [...]

I hope everyone had a great Thanksgiving.  Many of you are probably anxiously waiting for Black Friday.   I am sure that are some mighty good deals out there; however, you won’t see me on any line (if I can help it).  Personally, I think Black Friday is a form of torture that should be [...]

What is the FDIC Insurance? The FDIC Insurance, or simply bank insurance, is meant to preserve and promote public confidence in the U.S. financial system by:

Insuring deposits in banks and thrift institutions for at least $250,000;
Identifying, monitoring and addressing risks to the deposit insurance funds; and
Limiting the effect on the economy and the financial system [...]

Did you know that you can get things for cheaper and better by making a couple of phone calls and ask? That’s right. You could be paying premium for antiquated and inferior services right now. As part of the Reduce a Bill Challenge at Working For Financial Freedom, I’d like to share this story with [...]