Money Market Account vs. Savings Account
Have you ever been told, “Make sure you have something for a rainy day.”? At some point or another, it is a great idea to open a savings account because you truly do need extra money for any unforeseen expenses that might occur. This need makes savings accounts extremely important to our everyday finances. However,…
What is a Health Savings Account?
A health savings account (HSA) is a tax-advantaged personal savings account that can only be used for qualified healthcare expenses such as paying a medical bill and picking up a prescription. HSAs can help cover any out-of-pocket expenses that people who have a high-deductible health insurance plan (HDHP). HDHPs, which are a requirement for HSAs,…
How Much Should You Have in Emergency Savings?
Life is unpredictable and it’s likely that at some point in your life you will need to dip into an emergency savings account. Saving for a rainy day is a good practice for any responsible adult. This money can be used for unexpected expenses such as new appliances, repairs to your car, or even as…
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Survey Reveals Which States, Gender, and Ages are Spending the Most on Their Homes
Across the country, COVID-19 concerns have Americans staying in. Homes and apartments are getting their fair share of use, and many homeowners are turning to DIY projects and impulse furniture buys to transform their 24/7 space. If you are considering shaking things up at home, you aren’t alone. But, do your home spending habits line…
How Do I Know if I Need a Checking Account?
If you’re new to personal finance and starting to make an income or if you’re looking for a way to manage your money better while keeping it safe, chances are you’ll turn to a checking account. Many Americans find checking accounts essential in the digital era for everyday transactions, withdrawals, payroll, proof of financials, and…
How Do Checking Accounts Work?
At some point or another everyone must open a checking account, and most people use a checking account as a primary source to manage their funds. Whether it’s direct deposit, online funds transfers, or withdrawing money from an ATM, you need a checking account to perform these tasks. However, many people have questions regarding how…
Personal Finance for Main St
When residents of Main St look for news on how the economy is performed that day, it's often reported in terms of how the "Dow" or the S&P 500 performed that day. So what is the Dow? Ditto for the S&P 500?
