Of course, you want some return on your money, but yield is not the first consideration. You should be looking for a very safe place to put your money, with a high degree of liquidity and minimal investment expense, says Kent Grealish, a fee-only investment planner at Grealish Investment Counseling in San Mateo, California. The return on your investment might be a factor, but it’s lower on the list in the short term.
The coronavirus has upended countless jobs, schools and bank accounts. But while undoubtedly more people are struggling than not, those who are still working may have seen their expenses actually drop, due to canceled travel, limited dining options and more time at home.
If you’ve managed to end up with extra money during the pandemic, here’s…
Investing in your 20s is one of the greatest steps you can take toward being a bona fide, successful adult. It pays to get a jumpstart on saving for financial goals like retirement, especially because of compound returns.
Compound returns are returns that you earn on the money you invested and all previous...
Kindergarten is a time when your child enjoys show-and-tell and nap time. It’s also when you may consider opening a savings account with your son or daughter.
Your child doesn’t have piles of money to stash away into a savings account. Yet, opening an account with your child will help...
Putting a portion of every paycheck into savings can be an important step toward building financial security.
Parents, financial professionals, and TV pundits like to press that point when they talk about setting lifetime goals, but it’s actually kind of a no-brainer.
An emergency fund is an essential part of making a solid financial plan. This is the money you’ll want to earmark for unexpected events, such as a surprise medical bill, costly car repair or temporary loss of your income.
With so many possible reasons why you’d need to tap an...
COVID-19 is a prime example. The pandemic affected many people's jobs, their health and other aspects of their lives. This crisis makes it easy to feel like no amount of planning is ever good enough.
However, there are seven money rules that will help you build a solid financial foundation....