As Hillary Clinton stumbles over her 'dead broke' remark, Joe Biden tells those who might question his ability to empathize with the problems of working people that he's got no stocks, no bonds, and no savings account.
Twenty-six percent of Americans have no emergency savings of any kind, and a majority have less emergency saving than experts recommend, according to a study from Bankrate. Even as the rest of the economy improves, the US savings rate has been trending downward for decades.
Everyone has a unique approach to personal finance with different goals, lifestyles, and incomes. NerdWallet asks everyday people how they handle personal finance, and speak with a 22-year-old magazine editor in this installment of 'How Do You Do Money?'
Imposing a 'personal tax' on yourself is a clever way to add to your savings account, Hamm writes, but it is quite similar to maintaining a personal budget. Which method will help you save money?
If a savings account worked more like owning a cow, poor people might be more willing to put their money in a bank.
If your spouse has bad spending habits, there are some simple steps you can take to financially protect yourself.
With CD interest rates barely above regular savings account averages, Trent Hamm cautions that certificate of deposit savings programs may not be worth the incentives.
If you're in a marriage or a long-term relationship, financial improvement won't happen unless both partners are committed to it.