Tag: Savings

The Fed Just Cut Interest Rates. Here’s What That Means for You.

Americans juggle a lot of interest rates in their daily lives. They pay interest on car loans, credit card balances and mortgages. They earn interest, at least a little, on the money they save with banks. Technically speaking, Federal Reserve officials did not touch any of those rates when they announced a quarter-point interest-rate cut […]

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Buying Lattes Is Not Keeping You From Being Rich

“I Will Teach You to Be Rich” didn’t get as much attention as it deserved when it was first published a decade ago, and it’s easy to understand why. The author, Ramit Sethi, who runs a website with the same name as his book, ignored the emotions people have about money, apparently believing that all […]

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For These Women, a FIRE That Burns Too Male and Too White

Kiersten Saunders stumbled upon the FIRE movement — an acronym for “financial independence, retire early” — the way most people do: by reading about it online. But also like most people, she couldn’t relate to its membership, which seemed largely white, male and based in Silicon Valley. “When I first started looking at the FIRE […]

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Step raises $22.5 million to help teens manage their money

Step, a financial services startup that offers fee-free money management accounts to teens, today announced that it has secured $22.5 million in a series A round led by Stripe, with participation from existing investors Crosslink Capital, Collaborative Fund, and Sesame Ventures. The round — which also saw contributions from Will Smith’s Dreamer’s fund, hip hop […]

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Tally Save rewards you for saving money with points and gift cards

Tally, a startup that seeks to help users pay down lingering credit card debt, wants to reward those same users for regularly depositing spare change into savings accounts. Toward that end, this week it’s launching a free automated savings service — Tally Save — that awards virtual points for “good financial behaviors” such as consistently […]

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