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Archive for: Saving & Banking

How to Finally Make Your Budget Stick: Two Shortcuts That Work

Pop quiz: Do you know how much you spent on eating out last month—to the penny? I don’t. Does that surprise you? After all, I publish a financial blog. Shouldn’t I join the chorus of financial pundits singing: “Thou must create a budget and t … [Read more...]

How Much Do You (Really) Need in an Emergency Fund?

One of my goals for this blog is to try to provide authoritative answers to some of the most commonly asked questions about money. One such question is: “How much do I need to save in an emergency fund?” We have an emergency fund calculator that … [Read more...]

The Best Places for Your Short-Term Savings

It's time to give yourself a ten-second financial check-up: Are all of your hard-earned dollars earning interest? Savvy investors know that every dollar deposited at a bank, brokerage, or financial institution should be making money... and … [Read more...]

Steven Slater Proves It: You Need an F-You Fund

I love the Steven Slater story. In case you’ve had your head in the sand for the past few days, here’s the quick version: Slater was a Jet Blue flight attendant who had a really crappy Monday at work. After an altercation with a defiant pas … [Read more...]

BankSimple is Coming, and I’m Excited

You already know I have a bank fetish, so it should be no surprise that the latest banking startup has me in a tizzy. It’s called BankSimple. Co-founded by one of the original engineers at Twitter, BankSimple promises simple online services and … [Read more...]

Student Budgeting: Make Your Summer Job Pay All Year Long

I'm not going to lie: When you're a student, budgeting is no easy task...especially if you need money you earn from a summer job to last all year long. Unless you have a regular source of income during the school year, you need to stick to a pretty … [Read more...]

How to Open an International Bank Account

My first job outside the United States was in London. I worked for a travel company in Maine with international locations, so when an opportunity came up for me to hop the pond, I grabbed it. After making the move, the most important detail I had to … [Read more...]

Three Little Ways to Boost Your Emergency Fund

An emergency fund is the foundation of financial security. But whether you’re an I-Banker or starving artist, it’s never easy to sacrifice daily expenses now to build that emergency fund for later. We all want to save that extra cash each month, an … [Read more...]

Understanding Overdraft Protection and Fees

At one point or another, it’s happened to nearly all of us: For one reason or another, we spent more than our available checking account balance. And most likely, we wound up paying an overdraft fee for the privilege. In years prior to the day I “ … [Read more...]

Finance 101: How Do Banks Make Money?

Have you ever wondered why your checking account is free? Obviously, it's not because your bank is feeling charitable. Big banks make big money. The kind of money that leads to the obscene Wall Street bonuses we so often hear about. But banks make … [Read more...]