savings

Economy

If you're getting financial advice from TikTok influencers don't stop there

3:52pm February 28, 2023

by Mary Yang

Learning to save and invest is more accessible than ever thanks to social media. But there are potential pitfalls, say personal finance experts — including influencers themselves.

'Invest For Who You Are' And More Advice For Millenials' Financial Future

9:55am May 29, 2016

Financial adviser Jude Boudreaux talks with three millenials: Amanda Jones, Kaylie Burns Gahagan and Austin Prater, about how coming of age during the recession impacts their financial plans now.

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Economy

Live Long And Prosper: Reviving An Idea For Income In Old Age

4:32pm November 27, 2015

by Uri Berliner

Some financial experts want to bring back tontines, a retirement planning tool. People pool their cash to buy a bond that makes regular payments. The catch: You have to be alive to collect the payout.

Alex Browning works at a farm in Hamilton, Mass. The 26-year-old says that unlike some of her friends who work at places with retirement plans, she knows she has to figure out how to save for herself.

Economy

How Do You Start Saving? Your Tax Refund May Be The Answer

6:52pm November 13, 2015

by Chris Arnold

Participating in a 401(k) with automatic deductions makes it fairly easy to put away money. But what can you do if your employer doesn't offer a retirement plan? Experts share tips on going it alone.

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Automatically enrolling workers into a savings plan and then deducting their pre-tax contribution from their paycheck means workers don't see or feel any loss. It sort of tricks our brains into doing the right thing.

Why Is It So Hard To Save? U.K. Shows It Doesn't Have To Be

3:09pm October 23, 2015

by Chris Arnold

Millions of workers in the U.K. who thought they couldn't afford it are saving thanks to a law that automatically enrolls them in a retirement plan. It tricks their brains into doing the right thing.

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Bigger paychecks plus lower prices add up to more buying power for consumers.

Wages And Prices: A Welcome Breakup

1:49pm March 02, 2015

by Marilyn Geewax

A Commerce Department report shows paychecks are fatter, prices are leaner and Americans are saving more. Meanwhile, prices fell by 0.5 percent. That's helping consumers on the rebound from recession.

Jed Brown drives 100 miles each day to work between Pennsylvania and West Virginia. Cheaper gas is making his commute more manageable, but he doesn't expect the low prices to last.

For Long-Haul Drivers, Cheap Gas Means A Sweeter Commute

8:21am January 29, 2015

by Uri Berliner

The plunge in gasoline prices is expected to save the average household about $750 this year. For rural families and others who drive a lot, the savings will likely be even greater.

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While people can often estimate how much they might need for 10 or 15 years of retirement, that calculation becomes more difficult for retirement that could last 20 years or more.

Economy

That Nest Egg Needs To Last As Long As You Do. So How Do You Start?

5:47pm January 02, 2015

by Steve Tripoli

You don't know how long you'll live, which makes it hard to know how much money you'll need to retire. But several approaches can help people nearing retirement make their money last.

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