Tag Archives: savings accounts

Financial Website Find of the Week: Bills.com

Spinning off Tuesday’s post, the question remains: If you do manage to cut your spending on discretionary purchases, how much money does that help you save every year? Bills.com has a nifty Ways to Save Money feature that shows you how much your savings can add up if you sock away the money in an [...]

Top 5 Ways to Save for a Rainy Day

Welcome to this week’s edition of our Tuesday Top 5, Econ4U’s weekly tips post to help you manage your money in five easy steps. CDs, money markets, and Roths — oh my. The world of saving for the future is an alphabet soup, but we’ve put together this handy glossary for helping you figure out where [...]

Tuesday Top 5: How to Trim a Budget

Welcome to this week’s edition of our Tuesday Top 5, Econ4U’s weekly tips post to help you manage your money in five easy steps. Whether you’re drawing up a draft of your first budget or you’d like to tweak an existing plan, there are simple ways that you can free up more cash for savings or [...]

What You Need to Know About the New Overdraft Laws

A new set of Federal Reserve rules went into effect yesterday that now require banks to get your permission before you’re enrolled in overdraft protection. Before, your bank could enroll you without notice in an overdraft plan that would process the transaction but hit you with a fee for every ATM, check, and debit card [...]

Could You Be Denied A Bank Account?

If you’ve ever overdrawn your bank account, there’s a decent chance that a company called ChexSystems knows about it. Classified as a consumer credit reporting agency, ChexSystems operates a database that member banks can use to report bounced checks and other activity it classifies as “suspicious.” On the record, ChexSystems is a tool that banks [...]

Could New Banking Rules Spell the End of Free Checking?

The Wall Street Journal took a fascinating look this week at how new banking regulations that were designed to protect consumers may instead lead to more fees: Bank of America Corp. and other banks are preparing new fees on basic banking services as they try to replace revenue lost to regulatory rules, in a push that [...]

Tuesday Top 5: Prioritizing Retirement Saving Now

Welcome to this week’s edition of our Tuesday Top 5, Econ4U’s weekly tips post to help you manage your money in five easy steps. Making retirement saving a priority is the recognition that it’s easier to go without now (when you’re young and able-bodied) than at the end of your life when your options are fewer. [...]

Econ4U Explains: Penny Wise But Pound Foolish

On the final day of Financial Literacy Month, now would be a good time to explain the proverb “penny wise but pound foolish.” So many other personal-finance blogs focus on ways to save money on things like gas, energy bills, and the ubiquitous $4 latte. But if you’re saddled with a huge car payment, struggling [...]

Two Keys to Retirement Success

Last week we showed you how a seemingly-low interest rate on a loan can add up over time – or how you can end up paying $430,000 for a $200,000 house. This week we’re covering a happier topic: how the same principle can help you build serious wealth for the long haul. You already know [...]

The Demise of Microsoft Money

I may be late to the party but I only just learned that Microsoft has discontinued its game-changing Money software. I’ve been using Money for years to track my spending, retirement allotments, taxable investments, and savings accounts all in one tidy package. But unfortunately for me and Microsoft, the advent of free budgeting websites has [...]