Are you earning the most from your savings and money market deposit accounts? Savings and MM accounts are the foundation of a strong financial plan, providing you with financial stability as you work to achieve your goals. There are many banks and credit unions that offer savings and money market accounts. This article aims to … Read moreBest High Interest Savings Accounts for September 2019
Financial Freedom and Personal Finance Success by Moolanomy.comMoolanomy Personal Finance Blog is home to the 12 Steps Guide to Financial Freedom and Personal Finance Success. We discuss financial concepts in an easy to understand language to help you improve your finances and better your life.
A 30-year fixed-rate mortgage is the most popular option for home purchases. However, you probably have seen some advertisements that encourage you to refinance your 30-year mortgage into a 15-year one. If you are a Dave Ramsey fan, you know that he is against taking out a 30-year loan and encourages you to use cash … Read moreIs 15-Year Mortgage Better Than a 30-Year Mortgage?
Although online payment is prevalent nowadays, you may still find yourself in a situation where you need to write a check. For example, when you pay a contractor that doesn’t take a credit card payment or when you write a deposit check for your home purchase. If you are not familiar with how to write … Read moreHow to Write a Check and Balance Your Checkbook
The S&P 500 is a market capitalization weight index. This means that larger companies make up larger percentages of the index than smaller companies. The percentage is calculated by taking the market capitalization of the stock and divided by the total market capitalization of the entire index. For example, the largest company in the S&P … Read moreS&P 500 Equal Weight Index vs Capitalization Weight (RSP vs SPY)
Should you pay off debt or invest? The answer really depends on your specific situation, but it is a question worth exploring in detail since so many people go through this decision-making process at one time or another. The first step to answering this question is to understand the debts that you owe. Pay Off … Read moreShould You Pay Off Debt or Invest?
If you keep a lot of money in your checking account, moving your money to a high-interest checking account may be a good move. Below is a list of highest yields checking accounts. Your principal is protected, and you’re guaranteed a positive return on investment. Before you sign up, review the requirements carefully because many … Read moreBest High Interest and Reward Checking Accounts for September 2019
The following credit cards offer 5% cashback bonus promotions — usually on a quarterly rotating basis in select categories of goods and stores. The best strategy is to have several of these reward cards so all your categories are covered and you ensure that you don’t hit the cap where your reward is reduced to … Read moreBest 5% Cash Back Credit Cards for September 2019
The following is a list of the nationally available highest yields CD rates. In general, certificates of deposit (CDs) are great short-term investments because your principal is protected by FDIC insurance and your interest rates are guaranteed. Moreover, you can use a CD Ladder to make your CD savings more flexible and effective. You can … Read moreBest CD Rates, High Yield Certificate of Deposit, September 2019
The Dogs of the Dow is a straightforward investment strategy first introduced by Michael B. O’Higgins in his book Beating the Dow. The procedure is very simple. At the end of the year, look at the Dow Jones Industrial Average index, pick the ten stocks with the highest yield, and invest an equal amount of … Read moreDogs of the Dow Strategy for September 2019
Sometimes you just need to stop spending money for a few days. Maybe you are already over budget, or close to it, and the month isn’t over. Perhaps you have savings goals with deadlines and need to kick a little extra towards one of those goals before the deadline comes and goes. Or maybe you … Read moreHow to Have a No-Spend Weekend