Best Savings Accounts for February 2022

Best for High-Yield SavingsHigh-Yield Savings0.50%APYBest for Users Who Want to Save SmarterOnline Savings AccountUp to 0.50%APYBest for Connecting to Multiple Accounts360 Performance Savings 0.40% APYBest for Access to a Cash-Back Debit CardSavings Account0.40%APYby Kathleen GarvinContributor When it comes to savings accounts, where do you even begin? Do a quick search, and you’ll find many savings accounts with different options with varying percentages, monthly fees and minimum requirements. Not to mention

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What is an Au Pair? Duties, Salary and Everything You Need to Know

by Rachel Christian, CEPF®Senior WriterDo you dream of living in Europe?Of sitting in cafes, eating pastries and learning a new language?Ashley Fleckenstein did.But, like most young Americans, she didn’t have the money to just pick up and go — or the right qualifications to get a full-time job abroad.So Fleckenstein decided to become an au pair, an international nanny who typically provides live-in child care services to a host family.If

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Dear Penny: Can I Sue My Ex for $500? I Hacked His Phone. I Know He Can Pay

Real Answers for Life’s Money Challengesby Robin Hartill, CFP®Senior EditorCan I sue my ex-boyfriend and the father of my adult children for the $500 I lent him a year and a half ago? It was supposed to be repaid in two weeks, going on two years. I have proof by text him saying he would pay me back. He gets Social Security and works under the table. He has plenty of

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How to Avoid the Financial Blunders People Make in Their 20s

by Kari FaberStaff WriterNobody is perfect when it comes to their finances — even millionaires slip up sometimes.So when you start to think you’re worse off than your parents, or your nephew, or your friends, remember that all 20-somethings have made mistakes that can cost them big time.But if you’re guilty of making some of these blunders, don’t fret. You can still redeem yourself! Here are some of the worst blunders

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8 Black Financial Influencers You Ought to Follow

by Nicole DowSenior Writer Learning from a diverse set of people helps to expand your viewpoints, sharpen your empathy and increase your knowledge base. Likewise, the personal finance gurus you follow online and on social media should ideally represent different cultural backgrounds. We’ve created this list of eight Black financial influencers listed who are enriching the personal finance space with their unique perspectives and expert advice. Whether you’re looking for

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Active vs. Passive Investing: Choosing a Lane to Drive Your Investment’s Growth

by Quinten PlummerStaff WriterActive and passive investments are like lanes on a highway. Should you cruise in the middle lane and go with the flow of traffic? Or should you take the left lane and bypass the slowdowns?A passive investment strategy tries to keep pace with the major stock indexes, such as the S&P 500 or Dow Jones Industrial Average, while an active strategy aims to outpace them.For the average

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Homeowners Insurance and Dogs: What You Need to Know

by Elizabeth Djinis When initiating a new homeowners insurance policy, the result can always be a gamble. Will my insurance premium be too high? Should I worry about coverage limits? Will I need to purchase additional coverage?All these questions come to mind when researching insurance carriers. And if you’re a dog owner, you’ll have one more: Will my insurance company restrict my dog’s breed from coverage? And even if they

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Shop an Ethnic Grocery Store to Save Money, Try New Foods

by Lindsey DanisContributorMom-and-pop ethnic grocery stores are a common sight on big-city street corners, peddling exotic fruits and cuts of meat.These days, they’re also increasingly found outside of major metro areas. Pan-Asian, Middle Eastern or Latin markets may be the most common, but you’ll find markets dedicated to a single nationality, be it Indian, Korean, Serbian, Armenian, Mexican or Jamaican.These markets aren’t just colorful neighborhood businesses, they’re great places to

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The 7 Best High-Interest Checking Accounts for February 2022

Best for Overall PerksAxos Rewards Checking1.00% APYBest for No Overdraft FeesAlly Interest Checking Account0.10% – 0.25%APYBest for Highest APY on the MarketConsumers Credit Union2.09%-4.09%APYBest for Overdraft ProtectionSoFi Money0.25%APYby Kathleen GarvinContributorWhen you think of interest-generating bank accounts, your mind likely goes to savings. After all, that’s your reward for building an emergency fund or socking away money for a future expense, right? A regular, end-of-month deposit into your savings account, courtesy

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How to Avoid Going Broke in 5 Steps

by Mike BrassfieldSenior WriterGetting rich takes focus, discipline and hard work. It’s tough to become wealthy.Going broke, on the other hand — that’s really easy. Super easy! In fact, most of us are probably just one misfortune away from it.But here’s the good news. By being proactive, you can set yourself up to avoid these pitfalls.Here are the quickest ways to go broke — and what you can do to

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