Markets

How to get a debit card so you can withdraw cash from an ATM

A debit card withdraws money directly from your checking account, either to make a payment or to convert into cash. Once you have a checking account, getting a debit card is as simple as asking for one. To use a debit card, you’ll need a checking account and a PIN […]
How to get a debit card so you can withdraw cash from an ATM
Markets

6 strategies I used to pay off $81,000 in student loans

Melanie Lockert graduated from college with $US81,000 in student loans, and spent several years paying the minimum amount due every month. When she still had $US68,000 of debt left after getting her Masters degree, she decided to get serious about paying off her debt, and implemented the debt avalanche. She […]
6 strategies I used to pay off $81,000 in student loans
Markets

Here’s exactly how to decide if you should put money in a CD

A CD is an FDIC-insured savings instrument that provides a safe, secure option to store savings you need in the future. While money you put in a CD grows with a fixed interest rate, you can’t take your money out before the term ends without paying a penalty. For that […]
Here’s exactly how to decide if you should put money in a CD
Markets

An early retiree quizzed 100 millionaires about their biggest money mistakes and discovered nearly all of them fell into the same trap

John, who runs the personal-finance blog ESI Money, has spent the past few years interviewing millionaires. During his conversations, he discovered that millionaires aren’t so because they managed their money perfectly. Even the wealthiest among us made mistakes along the way. He said the most-cited financial mistake among millionaires had […]
An early retiree quizzed 100 millionaires about their biggest money mistakes and discovered nearly all of them fell into the same trap
Lifestyle

American millennials have less money than other generations did at their age — but studies show an alarming amount of them have delusional ideas about their wealth

Many American millennials think they will be millionaires by middle age and have a generally positive view about their finances, according to several studies. However, research shows a different reality: Millennials are behind financially. Millennials got a slow start to building wealth because of the Great Recession, and a rising […]
American millennials have less money than other generations did at their age — but studies show an alarming amount of them have delusional ideas about their wealth
Markets

How to start saving for your kids to go to college, in 3 steps

With the costs of attending college higher than ever, it’s important to start saving fpr college as early as possible. Erika Safran, certified financial planner and principal at Safran Wealth Advisors, says anyone saving for college should invest in a 529 plan, set up automatic contributions, and ask friends and […]
How to start saving for your kids to go to college, in 3 steps
Lifestyle

Rich millennials are buying vacation homes before starter homes. There are 3 things you should consider before buying one, says a financial expert.

Some rich millennials are buying vacation homes instead of primary homes because it’s too expensive to buy in the cities where they live. There are three main reasons why people consider buying a vacation home, according to financial expert Jean Chatzky: They frequent a certain area, they’re planning to retire, […]
Rich millennials are buying vacation homes before starter homes. There are 3 things you should consider before buying one, says a financial expert.
Strategy

3 signs you aren’t as rich as you think you are

Though there isn’t a clear-cut measurement of how much money you need to have to be “rich,” your net worth gives you a good indication of your wealth. Even if you think you’re saving, having a lot of liabilities – or money you owe – could mean you’re not as […]
3 signs you aren’t as rich as you think you are
Lifestyle

The middle class is disappearing in countries around the world, and it means millennials won’t have the same opportunities their parents did

Millennials are being “squeezed out of the middle class,” Richard Partington for The Guardian reported, citing the Organisation for Economic Co-operation and Development (OECD). The shrinking middle class among millennials worldwide means that millennials won’t have the same opportunities as their parents, according to Partington. This can be seen in […]
The middle class is disappearing in countries around the world, and it means millennials won’t have the same opportunities their parents did
Markets

4 things millennials are doing right with their money

Though many millennials are unprepared for their own retirement and homeownership expectations, some are making good decisions with their money, an INSIDER and Morning Consult survey found. About 32% of millennial respondents said they had zero credit-card debt, while about 36% of those who do have debt said they had […]
4 things millennials are doing right with their money
Lifestyle

A woman who studied 600 millionaires says successful investors have the same 5 traits — but the wealthiest among them do one thing differently

Successful investors, regardless of net worth, share the same five characteristics, according to a researcher who studied more than 600 millionaires. Millionaire investors, however, do one thing differently: They spend more time studying and planning for future investments, the researcher said. Millionaires also act simply and commonly invest in index […]
A woman who studied 600 millionaires says successful investors have the same 5 traits — but the wealthiest among them do one thing differently
Markets

5 pieces of traditional retirement advice that no longer work like they used to

Personal Finance Insider writes about products, strategies, and tips to help you make smart decisions with your money. We may receive a small commission from our partners, but our reporting and recommendations are always independent and objective. The rising costs of healthcare, longer life expectancies, and other factors have made […]
5 pieces of traditional retirement advice that no longer work like they used to
Markets

13 pieces of money advice you can’t afford to ignore

The best money advice is often the simplest. Among the most important: Pay yourself first, stay out of debt, and put your savings in the right place (not under your mattress). Visit Business Insider’s homepage for more stories. There’s so much financial advice out there that it’s near impossible to […]
13 pieces of money advice you can’t afford to ignore
Markets

Here’s exactly how much money you should have saved at every age

Experts recommend saving about 10%-15% of your income each month, but the average American saves more like 3.5%. To figure out how much you should have saved for retirement at any age, Fidelity provided estimated benchmarks based on earnings. In your 30s, you should have 1x your salary saved, based […]
Here’s exactly how much money you should have saved at every age
Markets

5 things to do now so you don’t have to think about money

Lauren Lyons Cole is a CFP who’s spent years helping clients achieve their financial goals. She’s found that the more people try to ignore their financial situation, the more they tend to think about it. With a few simple steps, like increasing your 401(k) contribution and automating savings for your […]
5 things to do now so you don’t have to think about money