Savings

Introduction

Whether you're Joe the Plumber or Warren Buffett—or, we're guessing, neither—you need to do something with your money. And (spoiler alert) putting it under your mattress is a terrible idea.And...

Terms

Before you get too far in to Savingsville, you'll want to familiarize yourself with a few terms:Savings AccountA savings account is…an account for your savings. Easy enough. Basically, it's where...

How to Save Money

You're barely scraping by as is—how are you supposed to find money to save? Sure, you could find random money on the street or do some illegal stuff (don't do that), but there are other ways that...

Preparing for Unexpected Expenses

Your friend's birthday is around the corner and everyone decides to go in on concert tickets. You want to submit an essay to an essay contest, and find out that there's a $25 entry fee. There's an...

Interest

Money doesn't grow on trees—but it kind of grows on money.It's called interest.  But trees do grow on money.Basically, when you put your money in the bank, the bank pays you a percentage of...

Checking vs. Savings Accounts

Bank accounts come in lots of flavors, but the most common are savings swirl and cherry checking. Or, as most people like to call them, savings and checking.Basically, a savings account is where yo...

CDs

CDs are a retro way to listen to music, and just like every other confusing acronym on the planet, they're also a way to earn more money—and save faster.The less dance-happy type of CD stands for...

IRAs

First things first, how the stink do you pronounce these things? As it turns out, you can go one of two ways. Some people call 'em Iras (eye-ruhs) and other people call 'em I.R.A.s (eye-are-ays). H...

Money Markets

Are you picturing a supermarket filled with nothing but cold, hard cash?That would be pretty much the best thing ever, but sadly, that's not what a money market is.Money markets are just a type of...