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MoneyRates.com Archives

Consequences of Not Having an Emergency Fund

Richard Barrington

Not sure if you need an emergency fund? Consider some of the things that can go wrong if you don't, and it might help convince you that setting aside some emergency savings is a wise move.

How Close Are You to the Financial Edge?

Richard Barrington

Find out if you are closer to the financial edge than you think. Though the economy generally is doing fairly well, you should think about how much of a cushion you have to withstand a setback.

Can You Make It in the Gig Economy?

Richard Barrington

Millions of Americans participate in the gig economy to some extent, but are you ready to make it your primary source of income? See some tips for surviving and thriving in the gig economy.

7 Money-Smart Things to Do with Your Tax Refund

Richard Barrington

Wondering what to do with your tax refund? See seven ideas that can help you build wealth by enhancing the value of your tax refund.

When can I collect social security benefits: Calculating breakeven age

Richard Barrington

Social security gives you a choice between collecting smaller benefits sooner or larger benefits later. Learn how to calculate your breakeven age and other factors when deciding the right age to collect social security.

Best Rates for Savings & Deposits in the U.S. – 4th Quarter, 2018

Richard Barrington

Do you want to earn more on your bank deposits? Some savings account, money market account, and CD rates are rising rapidly even while average rates make slower progress. Capture more income on your deposits in 2019 from an online account at a competitive bank.

Best states to be rich 2019

Richard Barrington

MoneyRates.com looks at top-tier earnings levels, taxes, and property crime rates to determine the best and worst states for being rich.

High-interest savings accounts

Richard Barrington

High-interest savings accounts are making a comeback. MoneyRates.com sifted through the most recent America's Best Rates survey data to find the best savings account rates on average in five categories during the most recent quarter of 2018.

Best rates for savings & deposits in the U.S. – 3rd quarter, 2018

Richard Barrington

After years of near-zero interest rates, savings and money market accounts are finally giving consumers a chance to make some money on their bank accounts. This study can help you find where to benefit from this trend.

Checking account fees: 2018 survey shows higher fees can be avoided

Richard Barrington

The latest MoneyRates.com Checking Account Fee Survey showed that monthly maintenance fees and ATM fees rose to new highs while overdraft protection fees fell. These can be avoided, however, which could help consumers save hundreds every year.

Investing to Make Money Quickly

Richard Barrington

Looking to get rich quickly as an investor? The first step is to guard against throwing your money away by learning about risk and the difference between investing and speculating.

Should I trade stock mutual funds for CDs?

Richard Barrington

Concerned about the volatile stock market? At times like these moving out of stocks may seem tempting, but it is not an entirely risk-free move. Understand how asset allocation can help reduce risk.

When does it make sense to pay an early withdrawal penalty?

Richard Barrington

Is your current CD rate lagging far behind today's CD rates? It might make sense to pay an early withdrawal penalty to earn more interest, so here's how to do the math and get the most out of that decision.

How do I invest my 401(k) two years from retirement?

Richard Barrington

Being close to retirement does not necessarily dictate a conservative investment approach, unless you are planning large withdrawals from your retirement plan.

Can you change a spouse's spending habits?

Richard Barrington

Differing attitudes toward spending and saving can cause tension in a marriage. See what communication and the structure of your bank accounts can do to ease the tension.

6 financial moves to prevent sleepless nights

Richard Barrington

Financial worries are a common source of nighttime anxiety, but these problems are best addressed in the light of day.

9 questions to ask before taking on debt

Richard Barrington

Getting into debt can be too easy at times, but asking some challenging questions can help you avoid taking on debt that isn't worthwhile.

Avoid 4 debt consolidation risks

Richard Barrington

Debt consolidation can be either a useful tool or a costly mistake. It helps to understand your goals and how to best pursue them.

Using zero percent credit cards to pay off student loans

Richard Barrington

Transferring student loan balances to zero percent credit cards is not as straightforward as it may look; see what you should know before trying this strategy.

How to responsibly handle easier access to credit cards

Richard Barrington

Easing credit standards mean consumers have to take responsibility for not overusing access to credit.

2019 Outlook - 6 factors affecting savings & money market rates

Richard Barrington

Do you have money in a savings or money market account? These six trends could impact your money in 2019, but here's how you can protect your assets and profit during this changing environment.

Batter up! 9 'players' for your investment line-up

Richard Barrington

Want a portfolio that will perform from its opening day? Then consider incorporating these key elements.

Home-field advantage: 7 reasons to favor US stocks

Richard Barrington

International investing can be a good thing, but there are also valid reasons for maintaining a heavier weighting toward U.S.-based stocks.

7 straightforward rules for asset allocation

Richard Barrington

Asset allocation is a tricky decision and one you can't avoid, so it's wise to be well-informed on the topic.

Shareholder rights: Are you a shark, lion or sheep?

Richard Barrington

Passive investors should take a cue from Wall Street's sharks and lions in recognizing the impact corporate governance can have on share value.

Can I retire on a million dollars?

Richard Barrington

Inflation can have a devastating effect on savings over the long run, so be sure to set your retirement savings goals accordingly.

Things to pay for by changing your bank

Richard Barrington

Where do your finances stand this holiday season?

Richard Barrington

Thanksgiving and the holiday season is a good time to look at your finances; see how you can tell which elements of those finances are blessings and which are turkeys.

Underbanked? How to Find the Best Bank Account for You

Richard Barrington

Find out why millions of Americans do not have a bank account, how this is costing them, and what they can do about it.

Is the Fed's move a no-win for consumers?

Richard Barrington

The Fed's push to return to normal, despite flagging economic numbers, could be a no-win move for consumers.

Variable-rate CD: 4 pitfalls

Richard Barrington

Variable-rate CDs can offer savers some intriguing options, but not always at a favorable price.

How Do CDs Work? Learn how to save taxes on CD's

Richard Barrington

CDs are safe instruments for earning interest, but their tax treatment can create a cash crunch. Here's how to plan ahead so you aren't caught short of money at tax time.

Using CDs for college savings

Richard Barrington

Understand how you can use certificates of deposits to build your college savings.

What inflation is doing to your CD rates

Richard Barrington

You might think of CDs as safe investments that don't require much attention, but lately inflation has been posing a growing threat to them. Here's what to do when inflation is on the rise.

How risky are certificates of deposit?

Richard Barrington

Understanding early withdrawal risk with CDs, FDIC limits, and other risk factors can help you manage risk while investing in CDs.

7 Big Financial Changes that Call for Adjusting Your Mortgage

Richard Barrington

Refinancing is not just about capturing falling interest rates. It can also be a way of optimizing your mortgage loan to fit a change in circumstances.

9 must-know things about your mortgage loan

Richard Barrington

The benefit or burden of any mortgage is largely dependent on these 9 details.

Buying a home: 7 tips for making your biggest investment decision

Richard Barrington

Lack of experience is an inherent problem for first-time home buyers, but some sound investment thinking can help you overcome that problem.

Amid historically low rates, is real estate a good investment?

Richard Barrington

Recent declines in mortgage rates may generate enthusiasm for real estate investments, but there are reasons to be skeptical of this.

When it makes sense to bet the house

Richard Barrington

Shifting your debt burden into a mortgage can save you money, but it can also put your home at risk. Learn when this approach makes sense.

Better ways to find the best checking account

Richard Barrington

Changes in banking habits have made location less of an issue since the 1990s, while rising fees have made cost more significant. Isn't it time to change what you look for in a checking account?

Best checking accounts for 2018

We ranked the best checking accounts for 2018 on the basis of monthly maintenance fees, overdraft fees, and low minimum opening deposit. Here are the top ten free checking accounts to be found in 2018.

Finding a second-chance checking account

Having to work outside the banking system can be expensive and inconvenient. Unfortunately, this can easily happen to people whose accounts are closed by their banks because of chronic misuse of the account.

If this has happened to you, the good news is that there is a way to get back into the banking system. It's called second-chance checking, and finding the right second-chance checking account can be the first step toward re-establishing your access to the full range of bank services.

The cost of sloppy banking habits

Richard Barrington

Sloppy banking habits could easily cost consumers more than $600 per year, but they are easy to fix. Here's how to profit by staying on top of your finances.

6 reasons to rethink where you bank

Richard Barrington

Banking has changed over time, and it's likely your banking needs have too. Here's why you may want to reconsider where you're at today.

Facing the enemy: 5 ways to prepare for tax season

Richard Barrington

They started arriving in your mailbox last month. No, not early Valentine's cards, but the little reminders of the grim task ahead: tax preparation.

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