Emergency funds 101
If you haven’t set up an emergency fund yet, it might be time to think about adding it to your financial lineup. But how do you get started, what counts as an emergency, and what kind of account do you need? We’ll walk you through everything you need to know about emergency funds to help you get started. Click through to learn more.
What is a CD?
When looking for a savings/investment vehicle, you may not have even considered a certificate of deposit — or you may have been wondering if it’s a good fit for you. This savings dynamo earns interest on a lump sum for a fixed period of time as long as the money remains untouched for the entirety of the term. CDs usually have higher interest rates than savings accounts as an incentive and make great sense in a volatile investment market. Read on to learn more about the certificate of deposit, including what terms may make sense for your needs and (this is a biggie) what the current rate specials are. Click through to learn more.
Saving — even when it’s hard
Saving money can be difficult even when finances are going well. But when there’s not a lot of money left at the end of the paycheck, it can seem daunting — if not impossible — to save. We’ve put together a handy how-to on saving when saving is hard. Click to learn ways you can save up, even when the going gets tough. Read on.
Savings tips and tricks
Even the smallest actions can build over time to help you hit your savings goals. We offer some helpful tips and tricks that can help you snowball your savings. See our tips here.
Regular vs. emergency savings
People create regular savings accounts for a variety of things: college, buying a home, a new car — things that are planned. An emergency savings fund, on the other hand, is for situations that are completely unexpected (i.e., car or home repairs). An emergency fund is a separate savings or bank account used to cover or offset the expense of an unforeseen situation.
Of course, this is the very tip of the savings iceberg. Your friendly neighborhood bank would love to share more on the differences between regular and emergency savings — read on to keep learning!
In this series, we're offering loads of tips on how you can boost your financial wellness to meet your goals. Our five-part series covers topics that will be beneficial to beginners and even the most advanced.
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