Mint.com is Closed: Here are the best alternatives.
It’s official. Credit scores are the most confusing aspect of personal finance. The FICO formula largely remains a mystery. And don’t get me started on the multiple versions of credit scores out there. Learning how to start building credit has become critical to your financial success. By one account, you may have 49 different FICO…
Switching banks can be a hassle, particularly when it comes to your checking account. Changing savings accounts is easy–just move your money from one bank to another. But with a checking account, you have to consider direct deposit, automated payments, and even ordering new checks. To help, we offer our simple guide on how to…
If you’re looking to buy a new home – particularly if it’s your first home – you’re probably asking yourself a few big questions. “How much house can I afford?” is likely at the top of that list. It makes sense, too, as this is a pretty significant concern. Ensuring that you can not only…
A lot has changed in the world of banking over the last 25 years. Gone are the days of checkbooks and passport savings accounts and here to stay are the apps, apps and more apps. And yet, when you have a look at the largets banks in the world, they’re all members of the old-school…
Perhaps the biggest drawback to a certificate of deposit is that you have to lock your money away for the term of the CD. While you can withdraw your deposit early, with most CDs you get hit with a penalty equal to several months’ worth of interest. One alternative to having a less than fluid…
Wealthfront is moving into a new area of banking by now offering what they call the Wealthfront Cash Account–essentially a hybrid checking and savings account. We break down the features, fees, and rates in our Wealthfront Cash Account review. Related: Wealthfront Review What is Wealthfronts Cash Account? Wealthfronts Cash Account is a new account offered…
How much should you be saving? It’s a question that we ask a lot, and there are a number of rules of thumb. One answer is based on the 50/20/30 budgeting system. Popularized by Senator Elizabeth Warren, this rule of thumb suggests we should be saving 20% of our income. Any general guideline, however, has…
This past weekend I set up direct deposit for a business payment I receive each month. The vendor required just three pieces of information: (1) the name of my bank, (2) my account number, and (3) the bank’s ABA Routing number. What is an ABA Routing Number? An ABA routing number is a unique, nine…
I’ve banked online for years. First, my brick-and-mortar bank went online. Then I opened several accounts with online banks that don’t have branches. My guess is you bank online, too. According to Statista, as of 2020, as many as 1.9 billion individuals worldwide actively used online banking services with that number forecasted to reach 2.5…