Credit cards often have their own flavor profile–their own set of benefits that cater to specific spending patterns. The card_name does, too, as it rewards people for spending on experiences like going to concerts and dining out. It also sprinkles in some cash-back rewards for groceries to give you some everyday value. Capital One Savor … Read more
An essential part of parenting is teaching your kids important life lessons to help them grow into healthy, happy, and functional adults. But it’s hard to know where to start when it comes to teaching your kids about money. One option is to get your child their own debit card. There are many excellent choices … Read more
updated: November 19, 2024 A savings account offers a secure way to grow your money, but the current interest rate environment is making CDs an attractive choice. The Federal Reserve has raised the federal funds rate 11 times since March of 2022, pushing CD rates to highs that haven’t been seen in years. With rate … Read more
One way to increase your retirement savings is to use a tax-advantaged retirement account. These are accounts for which the government offers special provisions in an effort to encourage people to build a nest egg. A Roth IRA—or Roth-designated 401(k)—makes sense for someone who doesn’t mind paying taxes now in order to avoid paying them … Read more
Prepaid debit cards—also known as “reloadable” debit cards—allow you to add money to your debit card in advance, so it’s there when you need it. Once you add money to the card, you can use it as you would use a traditional debit card. Uses might include withdrawing cash, paying bills, or purchasing online or … Read more
When you travel to a foreign country and charge expenditures in a currency other than dollars, it’s likely your credit card will charge you a foreign transaction fee. Here’s why: When you make a purchase in a foreign country, U.S. dollars need to be converted to the local currency. There are fees associated with that … Read more
Perhaps you need an easier way to split monthly bills with your spouse. Or you have shared expenses with your adult child and dividing the payments is tedious. Or you have an adult child or other caregiver who needs the ability to deposit and withdraw funds on your behalf. In any of these cases a … Read more
A debit card is a popular payment method enabling payments directly from your bank account. If you want to go shopping and pay from your checking account, a debit card allows you to pay instantly with funds immediately withdrawn from your account. While debit cards are convenient, they’re also prone to problems due to several … Read more
updated: November 20, 2024 Opening a savings account for a child or teen is a great way to introduce them to the basics of saving and setting financial goals. When looking for a new account to open, you might start with your current bank first but it’s helpful to expand your search. The best savings … Read more
A Roth 401(k), a designated Roth account, is a separate account funded with after-tax dollars within an employer-sponsored retirement savings plan. Since you’ve already paid taxes on this money, you can withdraw it—and any earnings—tax-free when you retire. With a traditional 401(k), you defer taxes up front and pay them when you take the money … Read more