What’s the best tool for money management?

Nearly everyone wants to do a better job of managing their money. That’s because money has a funny habit of slipping away. One day, we seem to have plenty of it, and a week later, we’re scrambling to find spare change for the vending machine.

If you want to take control of your money, there’s a great tool that’s easy to use, and best of all, it’s free. What is it? Our Free Checking account! Continue reading

7 Habits of Highly Frugal People

7 Habits of Highly Frugal People

By Dr. Penny Pincher, WiseBread

Frugal people who pay off their debt and achieve financial independence don’t succeed by accident. They establish habits that allow them to consistently reach their goals over the long haul.

During the past few years as a personal finance blogger and author, I have noticed that the most successful frugal people tend to follow a common set of habits. These same habits remind me of the traits that Stephen Covey detailed in his popular 1989 book, The 7 Habits of Highly Effective People. For this article, I kept the original seven habits, but updated them for achieving financial independence today.

What are the seven habits that allow some people to excel at being frugal? Continue reading

Best ways to save for a home

Saving for a home

Except for Veterans Administration loans, it still generally takes some cash up front to get into a home. How much cash you’ll be required to have up front depends on the type of mortgage (whether FHA or conventional) and your personal financial situation. The better your credit, though, the lower the down payment the lender will typically expect.

How much will you need to save? Continue reading