How Do You Include Certificates of Deposit in Your Savings Plan?

 

Most people think having a savings plan is putting money aside for an emergency or a rainy day. Having an effective savings strategy is more complicated than that. You should use different saving vehicles to protect your money and earn maximum returns, including certificates of deposit (CDs). It pays to have a diversified savings plan.

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Is a Savings Account Worth It? A Beginner’s Guide to Savings

Everyone should learn how to start saving their money at an early age. They also need to understand the right way to save. There are many types of savings tools and financial products that can help your money grow. Most people start with an old-fashioned savings account. However, with the variety of interest-bearing accounts and investments available, is a savings account worth it?

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How to Diversify Your Money: Pros and Cons of Different Strategies

Saving money is a skill we learn early in life. Children start saving with a piggy bank and then graduate to a savings account, which helps teach them about compound interest. Many people still think of basic savings when putting money away. But as you get older, you want to get a larger return for your savings, so it pays to learn how to diversify your money. There are different types of savings accounts, and each has both advantages and disadvantages.

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How to Build a Savings Account in 8 Easy Steps

We all want to save money and pad our bank accounts for retirement. Unfortunately, it’s easy for savings to vanish long before retirement if you don’t have a sound financial strategy. Everything from unexpected emergencies or downturns in the economy to sudden job changes or surprise expenses can dry up savings. However, there are ways to boost your savings today, whether you’re starting from scratch or you simply want to jump-start your savings plan. 

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How Do Certificates of Deposit Work, and What Are the Benefits of Getting One?

There are many ways to put your money to work. You want to find a secure place to save your money that will yield maximum returns. While most depositors use savings accounts to stash their cash, putting your money in a certificate of deposit (CD) gives a higher return in exchange for locking their money away. Savers want a financial strategy that yields maximum return with minimum risk. That’s why more savers are purchasing CDs (also called “share certificates” at credit unions). 

Read on to learn what CDs are and get answers to questions such as how do certificates of deposit work, and what are their advantages?

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How to Avoid Overdraft Fees: Ways to Protect Your Account

No matter how skilled you are at budgeting, everyone runs short of money from time to time. Part of budgeting is ensuring you have enough cash in your checking account to pay bills when they are due. If you run short of money, or a deposit is late and your checks are returned, you could be saddled with fees for insufficient funds, returned checks, and late payments. When money is tight, you must consider how to avoid overdraft fees.

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The Relationship Between Asset Allocation and Investment Time Horizon

Whether you are saving for a car, a new home, or are planning for retirement, it’s important to understand how to create a balanced strategy to build your savings. Investments are the best way to get your money to grow over time, but you still need to have an investment time horizon to establish goals for the return on your money.

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Introduction to Real Estate Investing: What to Know Before Diving In

If you are considering ways to make your money grow (and who isn’t?), real estate investing is always a good bet.

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Long-Term Care Is Changing: Here Is What You Need to Know, Now

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Long-term care should be part of everyone’s retirement planning. Just as everyone should have a retirement fund, ensuring you have a long-term care plan is just as important. With the population rapidly aging, you can expect to see long-term care changes, which is why you should start planning now.

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How To Get A Mortgage

Homeownership is an aspiration for most Americans. During the COVID-19 pandemic, there has been a spike in home sales. According to the U.S. Census Bureau, there were approximately 82.8 million homeowners in the United States, which is an increase of 2.1 million over the previous year. Anyone can buy their own home if they can get a mortgage.

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