Cheryl Rodewig is a travel writer and digital marketing strategist. She graduated from college a year early in May 2007 and was considering taking a gap year to travel, but soon decided against it and found a job. When the financial crisis hit a year later, Rodewig saw many of […]

Jermaine Bethune, 37, and Christina Colon, 34, each saved a year’s worth of expenses in their emergency funds – over $US50,000 in total. They did it by opening separate savings accounts for their goals and making their savings automatic. At the same time, they continued saving for other goals, like […]

Ramit Sethi is an entrepreneur, and the founder and CEO of personal finance website I Will Teach You To Be Rich. During the pandemic, he recommends people find new ways to cut down on their highest expenses, which are typically rent, eating out, and discretionary spending on material items. Sethi […]

At the beginning of the year, I took on about $US5,000 in credit card debt to fund two home improvement projects. My husband would be doing the construction during a gap in his employment, and we planned to pay off the debt quickly when he returned to work. The coronavirus […]

Ahead of an address to the nation on Wednesday night, President Donald Trump is reportedly waiting on a final sign-off from his son-in-law before going with the White House coronavirus task force’s recommendation. Jared Kushner’s involvement is part of a discombobulated White House response to the virus, with Trump “reluctant […]

Digit is an intelligent app that helps you save money from a checking account on a regular basis. The app analyses your spending and makes transfers from a linked checking account to a dedicated Digit savings account. Digit is designed to save money at times when you are able to […]

I got laid off from my job at a tech startup in 2015 and decided to go full-time freelance. Since then, I’ve built up a steady roster of clients and feel confident about my career. But I still need to prepare financially for the possibility of a recession. To protect […]

At this point, another recession seems highly likely. Since I’m a full-time freelancer, I’m starting to prepare myself financially. Every month, I make a budget and work hard to stick to it. I’ve also increased my savings and am actively building an emergency fund. I’m working hard to pay off […]

A recession can devastate your finances if you’re not prepared. Lauren Anastasio, a certified financial planner at SoFi, says the best way to get your money in shape for a possible recession is to focus on paying off your high-interest debt and building up an emergency fund. You should also […]

The first step to any sound financial plan is setting up an emergency fund. You should have between three and six months worth of expenses saved in an emergency fund, depending on your household income. The best place to save an emergency fund is somewhere easily accessible, like a high-yield […]

Everyday Americans have a far more negative view of the current economy than experts, according to a recent Bankrate survey. About 40% of Americans think a recession has already begun or will start in less than a year, while experts think an economic downturn is at least one to two […]

Financial experts recommend having an emergency fund that’s equal to three to six months worth of expenses. The best place to store your emergency fund is in a high-interest account that’s safe and liquid. Financial advisor Ric Edelman says there are four options: savings, checking, or money-market accounts, and money-market […]

A high-yield savings account is a good place to store money for short-term needs. Dozens of banks offer high-yield savings accounts with varying interest rates for different balance amounts, some as high as 2.3%. A high-yield savings account may be the best place to save money for emergencies, travel, a […]

You have $US50 to spare – what should you do with it? Some people may think $US50 is pocket change, but it can turn into a lot more if you put it to smart use. You should put it in an emergency fund, deduct it from your paycheck, spend it […]

Jesse Mecham is the author of "You Need a...

When you get a salary raise or bonus, it’s tempting to spend the extra money. Try not to succumb to lifestyle inflation, which is when you spend more as you earn more. Use the extra income to bulk up your emergency fund and increase your retirement account contributions instead. Visit […]

According to troubling research from the...