A recent Forbes article reported that the average American has $65,100 in their savings account, but averages are skewed by outliers. A better representation of how much money Americans have in their savings account is the midpoint value, also known as the median. The median savings amount for American households is only $5,300. Setting financial goals... Read More

Learn more about what CDs are and how they work. Find out if opening a CD is a good investment for you or if another savings option is better.

This post originally appeared on Arrest Your Debt and has been republished with permission.  Are you tired of living paycheck to paycheck or relying on others to live a comfortable lifestyle? With a plan and determination, you can become independently wealthy and live life on your terms. Most people aspire to achieve financial independence, but... Read More

Article published on July 23, 2021. Updated December 13th, 2022. The views and opinions expressed in this article are those of the author only and are not endorsed by Credit.com. With personal finance, it seems that many people are unaware of the best techniques they can use for budgeting and saving money. So, even more... Read More

Did you know that financial behaviors are set by age seven? Even if a student is receiving a financial literacy education in school, they’re likely not learning important lessons like budgeting, saving, investing, and managing income until high school. By then, they’re already facing tough decisions about how to spend their first paycheck and determining... Read More

What Is Financial Infidelity and Why Does It Matter? In a survey about how money matters in relationships, we asked both men and women if they’d ever broken up with someone over money. Around a quarter of respondents said they had, while around a fifth said someone had broken up with them over financial matters.... Read More