As featured in The Wall Street Journal, Money Magazine, and more!

Why Schools Should Teach Personal Finance: A Rebuttal

by Abby Hayes

We recently updated an article here on Consumerism Commentary, arguing that high schools should not require students to take personal finance classes. The article, written by the site’s original founder several years ago, makes some compelling arguments. But I don’t buy it. As a parent, I sure plan to teach my kids personal finance. In […]

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Current and Historical Checking and Savings Account Rates

by Rob Berger

Since many banks are constantly updating their interest rates offered on savings, money market and checking accounts, this chart should come in handy. On the 1st of every month, this page is updated to show the most accurate rate information available. This list is organized in two sections. The first section includes FDIC-insured savings or […]

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One Million Dollars Isn’t What It Used to Be

by Luke Landes

There was once a time when the word “millionaire” carried cachet. According to the Oxford English Dictionary, the word was first used in French in the early eighteenth century and in English nearly a century later. Regardless of your station in French society in 1719, achieving a net worth of one million livres was notable. […]

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Cohabitation Agreement: Do You Need One?

by Luke Landes

In the past, I’ve discussed whether couples should sign a prenuptial agreement before marriage. While sometimes controversial, a good prenup can protect both individuals were the marriage to result in irreconcilable differences. Signing a legal document of this type could be helpful if the couple owns substantial assets or if the couple has a wide disparity […]

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Are You Earning 1.12% On Your Savings? SmartyPig Members Are

by Michael Pruser

If you’ve been paying attention to high yield savings rates over the past few months, you may have noticed they’re on their way up. No, not to the 4 percent – 5 percent levels we saw about a decade ago. But, slowly, interest rates are creeping in a positive direction. SmartyPig is one of the high yield […]

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How Important Is It to Set Up Beneficiaries for All Your Accounts?

by Luke Landes

Wherever you are on your path towards financial independence, it’s important to think about what would happen to your financial accounts if you were unexpectedly pass away. It seems like a morbid thought, but planning for the well-being of your family is essential. Even if you don’t yet have a spouse or children, thinking ahead […]

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Is Being a Landlord the Right Move for You?

by Luke Landes

Given the option, owning assets that produce income is a much better financial strategy than owning assets that generate expenses. If you own a house or apartment for your own residence, for example, you have a lot of expenses. You will need to pay for maintenance, repairs, taxes, mortgage interest, landscaping, and utilities. Or you […]

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Financially Supporting Your Parents: 7 Steps to Take

by Luke Landes

It’s a fact: multigenerational households are becoming more common in the United States. In the ’50s, it wasn’t unusual for older adults to live with their grown children and possibly grandchildren. That living arrangement trended downward for several decades, but saw a big upswing between 2000 and 2014. In fact, in 2014, 19 percent of Americans […]

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How the New AHCA Bill Will Affect Your Healthcare

by Michael Pruser

Yesterday, the U.S. House of Representatives narrowly passed the American Health Care Act (or as many are calling it, “Trumpcare”) by a vote of 217 to 213. Initially, it was determined by Republican House leadership that the bill was not strong enough to pass a vote. The discussion appeared to be tabled indefinitely. However, after […]

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Will the Fed’s Rate Increase Cost You More Money?

by Abby Hayes

Unless you’ve been living under a rock, you’ve probably heard whisperings of the Federal Reserve’s rate hike last month. This is only the third time since the Great Recession that the Fed has increased rates… and, well, it’s both a good thing and a bad thing. A Fed rate increase means that the economy is […]

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