savings account

14 Money Mistakes to Avoid in 2014

As we start 2014, let's look at 14 areas where people are most likely to make expensive money mistakes, and what you can do to avoid them.

Saving For College Hits Record High

Tuitions are soaring, but parents are fighting back. College savings are at an all-time high, following a $25 billion jump between 2011 and 2012.

9 Questions to Ask to See If Your Bank Is Right for You

The end of the year is a good time to give your financial life a once-over and see what changes need to be made. One item not to forget in that review: your bank. Answering these questions will help you determine whether your money is in the right place, or if it's time for a strategic withdrawal.

Why the 99% May Never Retire

Large numbers of middle-class Americans still aren't in a financial position to make saving for retirement a priority again, but on the whole, they're quite worried about it. Problem is, they may not be worried enough.

A Classic Way to Earn More on Your Savings Is Back

Interest rates have never been lower: That's good news for borrowers, bad news for savers unwilling to take much risk to grow their money. However, there's one safe option many people ignore that has become attractive again -- savings bonds.

A Winning Strategy for Saving: These Sites Make It a Game

With interest rates so low these days, it's hard to get motivated about putting money into a savings account. But it is important to save, and so services have popped up that use other methods to encourage us. Two in particular -- SaveUp and SmartyPig -- turn saving and paying down debts into a game.

7 Ways to Encourage Your Kids to Develop Good Money Habits

Low interest rates have made convincing kids to open savings accounts a tougher sell. You can't just tell a 9-year-old to save because it's good for her -- you need an incentive, like prospect of a great return. So here are seven ideas to help your kids profitably put their money to work.

What the End of Savings Account Interest Means to Me as a Parent

I often have a hard time explaining to my kids why they should put some of their money in the bank. My 9-year-old daughter got me when she asked how much she'd be paid for trusting the bank with her cash. The honest answer is that she'd get paid basically nothing.

The Best Reason to Bank Locally: Better Deals

Still banking at one of the "too big to fail" institutions? According to Bank Deals blog and DepositAccounts.com, for the best yields on checking, savings and CDs, you'd do better looking locally. For example, consider these three deals available right now.

The Best Place to Put Cash: Extra Mortgage Payments

Eenie, meenie, miney, moe -- where should my cash savings go? That's the riddle many Americans are trying to figure out these days. After the necessities are taken care of, it's time to choose: mattress, stock market or mortgage? Do the math and the answer is clear.

Where Do You Go for Cash in a Pinch?

Most Americans may need to save more money for emergencies. A poll by the National Foundation for Credit Counseling found that less than half of Americans say they would turn to their savings accounts when hit with an unexpected bill.

More Online Tools To Simplify Your Financial Life

The latest entrant into the online financial tools business is Google, which launched Advisor last Thursday. The search engine giant offers a clear way to compare rates and offers from mortgage companies, credit cards and other financial products -- but it's hardly the only smart tool out there.

How Being Too Cheap Can Cost You a Fortune

Being frugal is smart, and these days, it's fashionable too. Sometimes, though, it just doesn't make sense to be a Scrooge: Going too far in your attempts to save can have financial consequences that leave you significantly worse off. Here are nine ways you shouldn't cut corners.