Compound Interest: Learn How to Calculate Compound Interest

There are so many reasons to have more than one bank account. Most of us use money in different ways, so it may make sense to open additional accounts. The situation can become more complicated if you are married or more than one person uses your account. Use this guide to help you open the right number of bank accounts.

Saving money doesn’t have to be a chore. There are a variety of tools and shortcuts at your disposal that can help you track your spending and cut back on regular purchases to help you save more. From entertainment to transportation and online shopping, learn about the best ways to save money.

A recession represents a decline in economic activity and often leads to high unemployment. Recessions are a natural part of the business cycle, but they can also have a detrimental effect on your finances. Recessions come and go, but they are historically difficult to predict. Learn how to prepare for a possible recession by adjusting your personal finances accordingly.

Have you ever wondered how much money it would take for you to be considered rich or wealthy? While people may have different definitions of wealth, it is commonly thought of as having great material resources or assets. Read this article to learn what is considered wealthy and what experts recommend to help you build your wealth.

Many of us need gas to get where we need to go, and high gas prices can have a devastating impact on your personal finances depending on how often you need to refuel. Even if you don’t have a car, you’re bound to feel the effects of inflation as rising gas prices affect supply chains. Learn how rising fuel prices can affect your budget and how to adjust your expenses accordingly.

With a record number of job openings all over the country, it’s a great time to look for a new job. But transitioning careers can leave you without income for several months or more, depending on how long you are out of work. If you are thinking of changing jobs, learn how to manage your finances during this period of transition.

There’s nothing better than leaving town with your loved ones as you explore a new city or country. But going on vacation is more expensive than it used to be. The cost of travel, housing and meals out can put a major dent in your finances. You don’t want to get to your destination and suddenly realize you don’t have enough money to enjoy your trip. This is your time to relax. You shouldn’t have to worry about every dollar you spend. Learn how to budget for your upcoming trip, so you can make the most of your time away from work.

Living paycheck to paycheck isn’t easy. It means using up all your paycheck until the next one arrives. This leaves little to no room for surprise expenses, such as accidents, medical emergencies and other surprise fees that can put your bank account in the red. It also makes it harder to save for long-term goals, such as retirement, buying your first house or paying off your credit card or student loan debt. Use these personal finance tips to break out of the cycle so you can start saving more money each month.

Inflation can have a serious effect on your finances. When prices start to rise, consumers lose their purchasing power, which means your money won’t go as far as it used to. You may not be able to control inflation, but you can change the way you manage your finances during these uncertain times. Learn more about the effects of inflation and the impact it can have on your savings and income.

Getting a check in the mail or automatic deposit from the federal government after you submit your tax return is a great opportunity to whip your finances into shape. Don’t let that money burn a hole in your pocket. Use these tips to make the most of your tax refund.

There’s more than one way to make a budget. Use this guide to learn about the different ways you can manage your expenses as you work toward your financial goals.

Many companies have started letting their employees work remotely. You can attend meetings, take calls and answer emails without going to the office every day. Working from home helps to improve worker retention, work-life balance and can even reduce certain expenses. The average person saves around $4,000 a year by working remotely. So, what are some things you can do to put that extra money to work? Use this guide to make smart money management decisions and get the most of every penny you earn while working from home.