The Motley Fool

APRIL 20, 2024

But your finances can look quite different when transitioning to this type of work. Having a business bank account can make it easier to handle your financial affairs. Easily see where your business finances stand A separate business checking account can allow you to understand your cash flow better.

Banks 130

Banks Accounting Taxes Financing 130

The Motley Fool

MARCH 31, 2024

Bankruptcy can be a tough time in anyone's life, leaving them worried that they may never get their finances back on track. Don't be discouraged In terms of personal finances, bankruptcy may feel like a failure, but it doesn't have to. Build a savings account: Life happens, and you may need an emergency savings account to dip into.

Financing 246

Financing Finance Debt Accounting 246

The Motley Fool

FEBRUARY 6, 2024

Image source: Getty Images Improving your finances is a common new year's goal, but it can be difficult to know where to start, what you have time for, and what will make a significant impact. Here are five simple steps you can take to start improving your finances in 2024. Learn more here. More : Our picks for the best credit cards 2.

Financing 246

Financing Finance Education Accounting 246

The Motley Fool

MAY 16, 2024

Part of thriving is mastering small business accounting, and these tips can help. Keeping detailed financial records can either be accomplished by hand or by using one of the great accounting software programs available. In short, a good budget should help you waste less and put more money into your business checking account each year.

Accounting 130

Accounting Taxes Financing Finance 130

The Motley Fool

MARCH 10, 2024

Image source: The Motley Fool/Unsplash Having a chunk of money in your checking account can feel good, especially if you've ever been broke. However, there is such a thing as having too much money in your account. You reappear one year later and your $5,000 is still in the account. There's no reason to waste money on fees.

Accounting 246

Accounting Financial Institutions Banks Financing 246

The Motley Fool

AUGUST 29, 2023

Or do you want to jump into having a joint bank account? Both approaches have pros and cons, but recent research suggests that you may be better off with a joint account if you want to maximize your chances for happiness. Why would combining accounts improve your relationship? Here's why.

Accounting 246

Accounting Banks Financial Services Financing 246

The Motley Fool

DECEMBER 26, 2023

Image source: Getty Images Personal finance doesn't always get the best rap. That experience, and the lessons she learned as she rebuilt her finances, inspired her to teach others. Saving to make money involves putting cash into your savings account or brokerage account so that it starts to work for you.

Financing 238

Financing Finance Debt Banks 238

The Motley Fool

MARCH 8, 2024

Unfortunately, once you have an emergency, a good amount of that money you worked so hard to put into your savings account could end up being used to cover the surprise costs. As soon as your emergency account balance is back where it should be, you can start up again. That's not a problem since that's what the money is there for.

Accounting 260

Accounting Banks Debt Funds 260

The Motley Fool

MAY 12, 2024

Similarly, if you're not an accountant but have a good head for numbers, you may be inclined to purchase accounting software and oversee your company's finances yourself. Not only is small business accounting a time-consuming task, but there are many nuances involved. And you probably know to look for a CPA.

Accounting 130

Accounting Fee Structure Consultants Consulting 130

The Motley Fool

APRIL 1, 2024

But thanks to a recent change, workplaces can help by offering emergency savings accounts to their employees. But in the aforementioned survey, only about 2 in 10 workers report that they're currently offered an emergency savings account at work. Employers have several options when offering these emergency savings accounts.

Accounting 243

Accounting Financing Finance Funds 243

The Motley Fool

MAY 17, 2024

Now is really the best time to focus on this personal finance goal, thanks to the availability of high-yield savings accounts. High yield" are the keywords to finding a great savings account "A savings account is a savings account," you might scoff. 5,000 in an account there earns you $268 in a year.

Accounting 130

Accounting Banks Financing Finance 130

The Motley Fool

MARCH 5, 2024

Image source: Upsplash/The Motley Fool Do you know what makes the biggest difference between people being happy or unhappy with their personal finances? Among people who are "unhappy" with their finances, only 20% said that they had earned enough money during the past year. Want to improve your personal finances?

Financing 240

Financing Finance Accounting Banks 240

The Motley Fool

APRIL 9, 2024

Image source: The Motley Fool Managing your personal finances is often a point of stress -- especially if you don't enjoy money management tasks. For example, you can arrange to automatically pay all your bills out of your bank account and transfer money to retirement and savings accounts. RELATED: Best Budgeting Apps 3.

Financing 246

Financing Finance Exchange-Traded Funds Banks 246

The Motley Fool

JANUARY 12, 2024

To earn interest, many savers keep their extra cash in a high-yield savings account. If you want to take a vacation without racking up credit card debt , you can use the interest you earn from your savings account to fund your yearly trips. Review our best high-yield savings accounts list to explore your options.

Accounting 246

Accounting Banks Debt Financing 246

The Motley Fool

MAY 2, 2024

But the good news is that there are many products and services out there that make small business accounting easier than ever. If you're just starting your small business , here are three basic accounting principles you should know and some suggestions for managing your accounting needs.

Accounting 130

Accounting Liabilities Taxes Banks 130

The Motley Fool

APRIL 19, 2024

I keep my extra cash in a high-yield savings account to earn interest while my money sits in the bank. This type of savings account is ideal for people who want to get rewarded for savings. But there's one downside to high-yield savings accounts that you should know. However, consumers with savings accounts can benefit.

Accounting 130

Accounting Banks Financing Finance 130

The Motley Fool

MARCH 30, 2024

Image source: The Motley Fool/Unsplash Savings accounts are personal finance 101 -- you put money into the account, where it's kept safe for the future and you can access it anytime you need to. A savings account can save you money on overdraft fees, but you might be charged for maintenance on the account every month.

Accounting 130

Accounting Banks Financial Institutions Taxes 130

The Motley Fool

FEBRUARY 19, 2024

Just like their impact on other aspects of pop culture, Gen Z young adults are reshaping the world of personal finances with social media trends and new vocabulary. Many members of Gen Z have a gloomy attitude about their personal finances. Let's look at a few of the biggest Gen Z finance trends and catchphrases.

Financing 244

Financing Finance Debt Banks 244

The Motley Fool

MARCH 31, 2024

We both have the same savings account, so she alerted me that our rate had recently dropped. Life's been busy, and I hadn't looked at my account much in a couple of weeks, so I had no idea. Despite the rate change, I plan to keep my savings in this account. The rate hikes have benefited people with high-yield savings accounts.

Accounting 130

Accounting Banks Financing Finance 130

The Motley Fool

MARCH 24, 2024

Image source: Getty Images Women of all ages are taking charge of their finances. If you're a woman looking to make life-changing money moves, you may seek advice on managing your finances to live a more comfortable and secure life. Here are a few ways that successful women manage their finances.

Financing 130

Financing Finance Banks Accounting 130

The Motley Fool

MARCH 11, 2024

Image source: The Motley Fool/Unsplash If you have a child in middle school or high school and you haven't saved any money for college, you might wonder if it's too late to open a 529 account in 2024. Lots of people are living paycheck to paycheck, and the median American savings account is only $1,200.

Accounting 244

Accounting Taxes Prospects Banks 244

The Motley Fool

APRIL 19, 2024

Image source: Getty Images TikTok has become a bubbling cauldron of hot personal finance trends in recent years, with Gen Zers using the short-form video app to learn about everything from "cash stuffing" to "loud budgeting." But is most TikTok personal finance advice actually good for people? The verdict is mixed.

Financing 130

Financing Finance Education Accounting 130

The Motley Fool

AUGUST 25, 2023

Image source: Getty Images I've opened and closed two bank accounts in the last two months. There's more to bank accounts than savings accounts. You've got checking accounts, money market accounts, and certificates of deposit (CDs). How do you know if you should open another account? More on that later.

Banks 221

Banks Accounting Financing Finance 221

The Motley Fool

MAY 10, 2024

When people are making more money on the job, that's good news for those workers' bank accounts -- but bad news for anyone who's hoping for interest rate cuts. Let's look at a few reasons why interest rates staying higher for longer could be good news for your paycheck and your savings account. Bottom line The current U.S.

Accounting 130

Accounting Banks Financing Finance 130

The Motley Fool

AUGUST 26, 2023

Image source: Getty Images The first type of financial account you ever opened was likely a checking account or a savings account with a bank or credit union. These types of accounts are sort of personal finance 101. Having multiple bank accounts can be a great way to manage money for different uses and goals.

Accounting 130

Accounting Banks Financing Finance 130

The Motley Fool

APRIL 1, 2024

Image source: The Motley Fool/Unsplash You've likely heard for years about how important it is to have a savings account. And opening a new savings account couldn't be easier these days -- you can even do it fully online. But not all accounts are created equal, and some just aren't worth your time or money.

Accounting 130

Accounting Banks Prospects Debt 130

The Motley Fool

MARCH 28, 2024

When you've got little to save, it makes sense to knock "opening a savings account" way down the priority list. But there are unexpected benefits to opening high-yield savings accounts early, even when you're a college-bound teen with $0 in the bank. A high-yield savings account (HYSA) offers better rates than typical savings accounts.

Accounting 130

Accounting Banks Financing Finance 130

The Motley Fool

DECEMBER 27, 2023

This rate helps determine important aspects of your everyday financial life, such as the cost of home mortgages and auto loans, the interest rates on credit cards and personal loans, and the annual percentage yield (APY) on your savings account. Keep putting more cash into your savings account until you have a bigger safety net.

Accounting 245

Accounting Banks Financing Finance 245

The Motley Fool

JULY 15, 2023

Sometimes, it involves taking over their finances, because they're no longer in the best position to do so. If you find yourself in a situation where you believe it's best to take over your aging parents' finances, here are some steps that could simplify the process. Here are four steps to guide you.

Financing 246

Financing Finance Legal Debt 246

The Motley Fool

SEPTEMBER 1, 2023

Image source: Getty Images Many people keep some extra cash in their checking accounts. But keeping all your extra money in a checking account isn't the best move. Many of the best checking accounts don't earn interest, so you won't have the opportunity to grow your money. It may be more than you think.

Accounting 241

Accounting Banks Financial Services Financing 241

The Motley Fool

FEBRUARY 14, 2024

Image source: Getty Images When the Federal Reserve Board conducted its 2022 Survey of Consumer Finances (SCF), the median household checking account balance was $2,800. Say a person has $2,800 in their checking account but has $5,000 in bills due. It's fast and easy to open a new account. but your deductible is $2,000.

Accounting 130

Accounting Banks Debt Financial Institutions 130

The Motley Fool

MAY 12, 2024

Ultimately, though, I took a deep breath and decided to try it out -- after using my part-time freelance income to put my personal finances into solid shape first. Every time I get paid, I take a percentage of it right off the top, and it sits in a sub-account of my high-yield savings , ready to go when I owe taxes (on Jan.

Financing 130

Financing Finance Taxes Prospects 130

The Motley Fool

SEPTEMBER 9, 2023

There's no possible way to account for every expense life will throw at you, and it can be a terrible feeling to put a surprise car repair or medical bill on a credit card because you're otherwise unable to cover the cost. Let's take a closer look at money market accounts and why they work for emergency funds.

Accounting 246

Accounting Funds Banks Debt 246

The Motley Fool

JANUARY 17, 2024

Managing your finances can be intimidating, particularly when you're first getting started. Education doesn't end with school, though, and learning personal finance as an adult can be liberating. Education doesn't end with school, though, and learning personal finance as an adult can be liberating. Only about half of U.S.

Financing 188

Financing Finance Debt Education 188

The Motley Fool

APRIL 29, 2024

My finances also look different now. I keep detailed records of my business finances. One reason is that I've had to prioritize these personal finance goals since I don't work for a company that provides employee benefits. I'm earning more than I ever did in a W-2 role It's been nearly 10 years since I worked a W-2 job.

Financing 130

Financing Finance Accounting Funds 130

The Motley Fool

FEBRUARY 2, 2024

An unexpected car repair bill or job loss are two life surprises that can negatively impact your finances if you're unprepared. Are you saving money but want to see more account growth? I'll share a few reasons your savings account may not be growing as expected. It's wise to contribute to your savings account regularly.

Accounting 130

Accounting Banks Financing Finance 130

The Motley Fool

NOVEMBER 22, 2023

A higher federal funds rate doesn't directly mean higher rates on savings accounts, money market accounts, and certificates of deposit. Under these circumstances, why would a personal finance writer who follows the economy pretty closely hang onto an account paying a measly 0.01% APY? Well, let me tell you.

Accounting 246

Accounting Banks Financial Institutions Debt 246