9 Questions You Should Ask About Your Checking Account

 

When it comes to opening a checking account, what is your best option? The answer depends on how you manage your money. If you’re like most people, your checking account is hub of your spending and money management. It’s the account that money flows into from various sources, such as your paycheck, and flows out of to pay bills, write the occasional check, and shop with your debit card.

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Types of Renters Insurance and Why It's Important

Insurance is one of those things you don’t want to think about but undoubtedly need. For example, if you own a car, you are required to carry auto insurance to protect yourself and others in the event of an accident. Mortgage lenders require homebuyers to carry homeowners insurance to protect their property and to cover visitors in case of an accident. However, many renters don’t see the need for renters insurance, especially because they don’t own the property. That’s a mistake.

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Budgeting on Your Starting Salary

When you get your first real job and earn your first paycheck, you suddenly are faced with the prospect of managing your money. You have to figure out how to pay for rent, groceries, electricity, and other necessities. Budgeting when you are in school or when you have help from your parents is one thing, but once you are on your own, successful budgeting is the only thing that will keep you financially afloat now and into the future.

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Everything You Should Know About Checking Account Fees

Even in the age of digital transactions, everyone still needs a checking account. Your checking account is still the focal point for family finances and is the bank account that gives you easiest access to your cash. It’s where your paychecks are deposited, it’s used to pay household bills, and it’s even used to fund online wallet services like PayPal and Apple Pay. But how much do you really know about your checking account?

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Why Do Interest Rates Rise and What Does That Mean for You?

If you have ever bought a house, signed for a loan, applied for a credit card, or opened a savings account, then you have some idea what interest rates are. When interest rates go up, credit becomes more expensive and you have to pay a higher percentage rate for a loan or credit card. At the same time, higher interest rates also mean you make more money from your savings or investments. But what drives interest rates up or down?

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The Value of Certificates of Deposit (CDs)

Finding the right investment tool to get the most from your savings can be a head-scratcher. There are so many options available, from savings accounts to stock investments. Most savers want to find the right investment tool that provides maximum yield with minimum risk, which is why more savers are purchasing certificates of deposit (CDs), also known as share certificates at credit unions.

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Tips on Building a Family Budget

Is life really cheaper by the dozen? It seems the only case where that saying is true is at the grocery store when buying a carton of eggs. Turns out, life gets more expensive when families expand. Plane tickets multiply during summer vacation, birthday presents double in size, and the need for laundry detergent skyrockets after soccer practice. Kids have so many hobbies these day it’s hard to keep up and stay within budget.

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Pros and Cons of Certificates of Deposits (CDs)

Making the right investment move to meet your financial goals and suit your budget can be tricky—and frustrating. Many people just dump any extra cash into a savings or money market account. That’s a safe strategy, but the interest rates are very low. There are smarter ways to put your savings aside and yield a better return without risk.

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Retirement Planning in Your Twenties

Do you remember being 10 years old, seeing adults walk by, and thinking, “Man, they look so put together. They must have everything figured out.” BUZZER SOUND. WRONG. Now you’re the adult, and let’s be honest: Everything is not figured out. In fact, as a 20-something, your adult life is just beginning. At 10 years old, you must have thought turning 20 was light-years away. Well, here we are. The same thing goes for imagining yourself as a 60-year-old. It feels like forever away, but eventually, it will happen—no matter how much kale you eat, how much yoga you practice, or how many night creams you apply before going to bed. There’s no way to avoid aging, but you can dodge financial troubles in the future if you start planning for retirement now. Like, right now. Not tomorrow. Now.

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Tips on Budgeting Your Dream Wedding

OMG, you’re engaged! A million thoughts must be going through your mind right now. From the catering menu to the guest list, future brides around the world want the perfect wedding. Easier said than done, though, right? Each fiancée has her own version of what “perfect” means. Perhaps it’s a country hillside wedding, a snowy mountain reception in Denver, or a minimalistic, modern venue in the heart of Brooklyn. Location is one thing, but what about the wedding cake? The music? The dress? The seating chart? Personally, I know so many girls who have been planning their dream weddings since the age of five. But I also have friends who have no idea what they want when they big day comes—no Pinterest boards or bookmark tabs about anything wedding related. Regardless of where you fall on the spectrum, there’s something to learn from these budgeting tips.

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