What is an emergency fund? Sometimes called a rainy day fund , an emergency fund is money that you set aside to serve as your financial safety net for when you need it. What qualifies as an emergency? To a certain extent, an emergency varies by the individual, but one way to think of it...
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Learning how to live on your own can be an exciting time in your life, but it’s also a big and costly transition. One of the first and most important decisions you’ll need to make involves finding a place to live that fits your budget. Because this is typically your largest expense, it raises the...
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In 2017, roughly 16.7 million people were affected by identity theft, totaling at nearly $16.8 billion stolen. Many seemingly harmless behaviors can make you vulnerable to identify theft: making purchases over the phone, recycling old bills or logging onto free WiFi. And simply losing your wallet or digital devices can be a golden opportunity for...
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These days, having a high credit limit can seem like a form of financial stability. It’s nice to know there’s extra credit available if you need it. And even if you don’t need it, a higher credit limit can actually result in a higher credit score and increased borrowing power. It’s all about something called...
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For Millennials, figuring out how and where to save money and invest it is a little trickier than for previous generations. In many ways this group has the same financial concerns of previous generations. They might be paying off student debt, saving for a house, putting money into retirement accounts, building an emergency fund and...
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Key Takeaways: You may be wondering how to ensure that you’ll have sufficient funds to live comfortably in retirement—and although there isn’t a one-size-fits-all approach—there are a few well-known tricks to help you make the most of your retirement savings. The 4% rule is a general retirement guideline suggesting that you can safely withdraw funds...
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If you’re running a business, you should have a contingency plan in case one or more key people leave, no matter if it’s because of retirement, death, a disagreement over strategy or a job opportunity at another firm. In some cases, such planning is crucial to ensure an orderly transition in ownership. It is an...
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Plan ahead to minimize the expenses incurred when using an ATM of credit card on vacation. There are so many things to keep track of when traveling to another country: the language, the culture and the currency. Just thinking about the currency exchange can make a vacation seem exhausting. An easier solution? Use your ATM...
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