Simplifying finance for everyone!
Articles about banking
Managing your money can be a daunting task, but with the right tools, it becomes much simpler. Monarch Money, Copilot Money, and Fidelity Full View are three of the best finance management apps available today. They offer a range of features designed to help you track spending, set budgets, and achieve your financial goals. Let’s … Read more
Debit cards are a great way to manage your money, allowing you to spend directly from your bank account. Here, we delve into the top 5 debit cards: Venmo Debit Card, PayPal Debit Card, Cash App Debit Card, Fidelity CMA Debit Card, and Schwab Investor Checking Debit Card. We’ll look at their features, benefits, and … Read more
What is a CD? A Certificate of Deposit (CD) is a savings tool offered by banks and credit unions. When you buy a CD, you’re agreeing to leave your money in the bank for a certain amount of time, known as the term length. In return, the bank pays you a higher interest rate compared … Read more
Using debit cards instead of credit cards can be a wise financial decision for many people. Here’s why sticking with debit cards over credit cards might be the best choice for your wallet and peace of mind. Spend Within Your Means One of the most significant advantages of using debit cards is that they help … Read more
When it comes to managing your finances, having more than one bank account is crucial. Many people rely on a single bank or credit union, but this approach can be very risky. Let’s delve into why having multiple bank accounts is wise from a risk diversification perspective, with real-world examples to illustrate the potential dangers. … Read more
When it comes to managing your money, choosing the right financial institution can make a big difference. Local credit unions offer many advantages over traditional banks, often leading to significant savings. Let’s explore the various services provided by credit unions and how they compare to those offered by banks, as well as the average savings … Read more
In today’s fast-paced world, managing your finances efficiently is crucial. Traditional banks often come with high fees, low interest rates, and inconvenient features. Enter the Fidelity Investments Cash Management Account (CMA) – a game-changer in the world of personal finance. Let’s explore why this account is a great choice and why you might want to … Read more
Introduction In today’s digital world, managing your money wisely and securely is crucial. One good way to do this is by having accounts at more than one bank or credit union. This can help reduce the risk of losing access to your money if a bank has problems. For example, the recent cyberattack on Patelco … Read more
In the age of digital transformation, online banks have become the go-to choice for many, offering convenience, lower fees, and attractive interest rates. Today, we’re spotlighting our top five favorite online banks, each bringing unique benefits to the table. Let’s dive in! 1. SoFi Bank Benefit: No-fee accounts and high-yield savings. SoFi Bank is a … Read more
When it comes to saving money, a High Yield Savings Account (HYSA) can be a game-changer. Offering significantly higher interest rates compared to traditional savings accounts, HYSAs help your savings grow faster. Whether you’re building an emergency fund or saving for a big purchase, here are our top 5 favorite high yield savings accounts that … Read more