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Americans’ Savings Behavior and Credit Card Tips [Infographic]

Americans' Savings Behavior and Credit Card Tips [Infographic] 1

Recently, BillShrink released an infographic about savings and credit card payoff trend based on their user data as a litmus test for Americans’ behavior. How much are Americans putting away in their savings? Based on their study, average savings has declined from $62,093 in 2009 to $33,552 in 2011. Also, planned monthly savings dropped from … Read moreAmericans’ Savings Behavior and Credit Card Tips [Infographic]

Why Haven’t You Ditched Your Bank for a Credit Union?

Why Haven't You Ditched Your Bank for a Credit Union? 4

In reaction to the financial crisis, the Federal Government instituted changes within the financial industry. Banks have reacted to this and passed along some of the expenses associated with the new regulations, even things like maintenance fees to simply have a bank account. Many bank customers are unsure of where to turn when dissatisfied with … Read moreWhy Haven’t You Ditched Your Bank for a Credit Union?

Where Should You Keep Your Emergency Fund?

Where Should You Keep Your Emergency Fund? 10

The economic tumble we witnessed in the past several years should convince us of the importance of having an emergency fund. As we have seen, markets, and life in general, are unpredictable. It’s smart to have some funds available in case you face an unforeseen financial problem. Unfortunately, although the market appears to be improving, … Read moreWhere Should You Keep Your Emergency Fund?

Using Virtual Bank Accounts to Reach Savings Goals

Using Virtual Bank Accounts to Reach Savings Goals 12

Saving for the future is important.  We all know this to be a fact, nevertheless for some people saving money remains a challenging aspect of managing their finances.  There are many obstacles that can make saving for the future difficult, however for most people there are two main problem areas.  The first being a lack … Read moreUsing Virtual Bank Accounts to Reach Savings Goals

Alternatives to Savings Accounts: CDs and Money Market Accounts

Alternatives to Savings Accounts: CDs and Money Market Accounts 15

You know that having an emergency fund is important, that building up savings is a wise thing to do for your financial health. However, you have also probably noticed that savings accounts generally do not provide very high yields. While your emergency fund isn’t necessarily meant to produce big time yields, it is nice if … Read moreAlternatives to Savings Accounts: CDs and Money Market Accounts

Savings Basics: How to Get Started with Savings Accounts

Savings Basics: How to Get Started with Savings Accounts 27

One of the keys to financial freedom is developing a habit of saving. It sounds really basic, but many people have trouble with this, and many just don’t know how to start. Here is an overview of how you can get started with savings accounts. The article will cover types of savings accounts, how to … Read moreSavings Basics: How to Get Started with Savings Accounts