Looking for a low-cost cell phone plan but don't want to sacrifice basic amenities (texting, minutes, and data)? I checked offerings and prices of plans offered by a variety of providers against the following criteria: A maximum monthly cost of $35 No contract Single line only A … [Read more...] about Best Cheap Cell Phone Plans
Discover It Card: Cash Back Rewards and a $50 Bonus
Assuming you’re responsible and organized, always paying off your full statement balance every month, you should be using rewards credit cards exclusively in order to take advantage of the many benefits they offer. Using a boring old debit card is like throwing money away—and if your credit card … [Read more...] about Discover It Card: Cash Back Rewards and a $50 Bonus
Best High-Yield Savings Accounts (5%–6% APY)
In Emergency Fund 101, we went over some key considerations you should ponder before building your emergency fund. Here’s a list of some excellent options of where to park your emergency fund. Some of these have quite low caps for their savings rate, but keep in mind that you can spread it out … [Read more...] about Best High-Yield Savings Accounts (5%–6% APY)
Emergency Fund 101
It is widely regarded by personal finance experts as essential to keep a minimum of three to six months’ worth of expenses in savings, your “emergency fund.” However, if you’re mired in debt, it’s not in your best interest to accelerate your burial by paying just the minimums in order to set … [Read more...] about Emergency Fund 101
Credit Unions vs. Banks
Here's a comparison of credit unions and banks touching on each of the key differences between the two. Use this information to make a more informed decision about where to keep your money and seek financial products. Fiscal Objective Credit Unions Not-for-profit, member-owned … [Read more...] about Credit Unions vs. Banks
Digit Review: Is It Worth It?
If you spend $3 on a latte every day, that's about $1,100 a year. The magnitude of impact that small, regular actions can have can be disconcerting. As Benjamin Franklin once said, "Beware of little expenses. A small leak will sink a great ship." Digit is an automated micro-saving tool that … [Read more...] about Digit Review: Is It Worth It?
What are ETFs?
ETFs, a component of a broader category of "exchange-traded products," are (almost wholly) passive pooled investment vehicles made up of securities that track a basket of securities like an index, or a commodity, bonds, or other types of assets, which investors can buy and sell on a stock exchange … [Read more...] about What are ETFs?
What Are Mutual Funds?
Mutual funds are companies that operate a portfolio containing a diverse range of securities fueled by pooled capital. They are attractive to investors due to their diversification, which translates to lower risk. Due to their fee structures, they are suited for long-term investing. They are … [Read more...] about What Are Mutual Funds?