Millennials are a group different from other generations and most shun the conventional saving route that their parents took. Part of the blame is on the financially turbulent times they grew up in and the consequent job struggles that they face. With that being said, are millennials preparing themselves for the future and their retirement? According to one study by …

Finance scares many people, and whenever someone’s talking interest rates, futures, bonds, or stocks, they hear a foreign language. However, if you want to retire with a large nest egg and increase your chances of earning more money, then you need to learn the basics. Let’s have a look: Compounding Compounding is a basic concept in finance and which helps …

Bankruptcy can come at any age, and it can come sooner if you are not careful about your finances. The 30s are the period of one’s life when things are changing fast. You might be starting a family, advancing in your career, or making a move to another country, and finances can soon spiral out of control. It is time …

The needs of the present always take precedence over future savings for those living on a tight budget. Setting aside some cash for the rainy days is easier said than done for most people. To the average consumer, saving money is an old-fashioned trend and they feel more at ease investing money in a savings account. The financial markets are …

Now days, it is common to have a checking account in bank. It is used to speed up few day-to-day activities. If you are planning to get one, there are few things, which you should be familiar with. Generally, people go and simply get an account in whatever bank they like without any planning. By learning a few things, we …

In simple terms, checking accounts are one into which income is deposited and withdrawn. Among many of the available financial products, checking accounts are one. They are mainly used to pay bills, make our day-to-day transactions, and do funds withdrawals. Generally, individuals think that checking accounts provided by banks offer same features and benefits, and never give a second thought …

With the passage of time an increasing number of banks are now providing certificates of deposits which offer a flexible rate of interest. The interest rate is designed to increase with the increase in the customer’s account funds. The drawback of this offer is that it comes at a high rate and has complicated terms of use. Savers are also …

Since 2008/2009, when there was economic meltdown in the US, it has been a constant challenge and struggle to be able to find low-risk yields. Now interest rates are close to zero and this has made most retirees nervous about buying bonds because there might be a sudden jump in the rates. This leads us to asking the most important …