Saving Money

More in Saving Money

Which 529 Plan Should You Pick?

ny parents find investing in 529 plans as a feasible and beneficial method for saving money for college. The plans come in two distinct types — investment savings and college prepaid options. The features differ greatly within the two plans. Although both options are great ...

What Is the Basic Motivation for Saving?

ving money is rooted in the psychological need and desire to be financially stable. The security that accompanies saving is one of the basic motivational principles of saving money for the things one wants and needs. Various reasons for saving money motivate individuals to make ...

Benefits of a Savings Account

vings accounts serve different purposes than checking accounts. A checking account makes paying monthly bills convenient, but a savings account provides a special place to keep your surplus. Unlike real estate and stocks, a savings account isn't likely to earn large profits. In ...

How to Calculate the Equivalent Interest for an Investment Return

en interest on your investments is paid more frequently than once a year, you may in fact be earning a higher rate of interest on your savings than the posted rate given to you by your financial institution. You may wish to calculate this earned annual interest rate to make ...

Can Changing Agents With the Same Insurance Save You Money?

surance is a financial product people buy because they need it, not because they want it. The agent who sells and services your policy plays a large part in making sure the insurance fits your needs and your budget. You might need to change your agent at some point even if you ...

Can a Co-Owner of a US Savings Bond Give the Bond to Another Co-Owner?

co-owner of a U.S. savings bond can transfer her co-ownership stake in the bond to a different co-owner under certain circumstances. Deciding factors include the two current owners' personal situation, type of savings bond and which current co-owner would be classified as the ...

Can Grandparents Buy EE Savings Bonds for Their Grandchild's Education?

ries EE savings bonds have a long tradition as a gift for children from parents and from grandparents. Savings bonds provide an investment that a child can even own in his own name. Starting in 2012, the U.S. Treasury stopped selling paper bonds, so the gifts must be in the form ...

Can Both Parents Be on a Custodial Savings Account?

rents often serve as the custodian of custodial savings accounts they open on behalf of their children. Two parents may serve as joint custodians on one child's custodial account if permitted by state law and bank policy. Once established, parents can use funds in the account to ...

Can US Savings Bonds be Negotiated by a Minor?

ny a child has been given a savings bond as a gift from a doting relative. The child who enjoys saving might want to purchase more  bonds on her own, maybe thinking ahead to college. That’s not possible, though. According to the federal government’s ...

Zacks Investment Research

is an A+ Rated BBB

Accredited Business.