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This article is by staff writer Holly Johnson.

Unless you are born with a silver spoon, the journey toward financial independence will most likely be arduous. Even those who’ve reached the happy state of retirement have stories to tell about the ups and downs they experienced, their mistakes and triumphs, and what it really took to get there. And most of us — especially those who regularly read this site — are still in…


As someone who started off her debt reduction journey on Get Rich Slowly with some pretty astronomical student loan debt, I’ve learned the hard way about the repayment process. And with school starting up again and many feeling tempted to borrow, I wanted to share some of that retrospectively gained wisdom. Best Practices Guide for Paying Student Loans Quick Links Reduce your overall debt Know how much you owe Pick a repayment plan Decide whether…


This is a guest post from former GRS staff writer Donna Freedman.

There’s no such thing as a free puppy. Or kitten. Or hamster, lizard, fish or rabbit. Even if someone hands you a critter outright, you can expect to spend between $580 to $875 a year for basic expenses, according to the American Society for the Prevention of Cruelty to Animals. Oh, and that doesn’t count things like purchase price/adoption fees, collar, leash,…


This article is by staff writer William Cowie.

You’ve heard it before, many times probably: Investing in yourself is the best investment you can make. Really? How do we know that’s true? Google the term “investing in yourself” and you’ll find numerous references to things like explore your creative side, nurture your mind and body, sleep and relax, say no to others, do things you love. You get the picture. The term is commonly…


This article is by staff writer Lisa Aberle.

What do you do when you want to pay off your debt but you calculate it will take 25 years to do so on your current income? Well, if you’re Adrienne Dorison, you start a side business and start shoveling yourself out of debt faster! Another reason to get out of debt Before her income grew, though, she still had a large student loan when she…


This article is by staff writer William Cowie.

Originally, this was to be a two-part series discussing the pros and cons of buying a home as opposed to investing. The purpose wasn’t to pick a winner or loser, per se. (After all, one of the main tenets of Get Rich Slowly is that you really should do what works for you.) Instead, the purpose was to highlight the strengths and weaknesses of both options…


This article is by staff writer Honey Smith.

So you’re thinking to start a side gig. Congratulations! Whether you are trying to pay off debt or just trying to fully fund your savings account, a side gig can help you reach your financial goals. But be aware: There is a grain of truth to the old adage, “You have to spend money to make money.” Exactly how much money are we talking? The cost…


This article is by staff writer Honey Smith.

There’s a popular, little myth going around that being frugal means that every penny must be pinched or saved in an online high-yield savings account and that, as a result, it’s not okay to splurge once in a while. But a more balanced approach could make it easier to stick to a spending plan, thereby making your long-term financial success more likely. To be clear, though,…


This article is by staff writer William Cowie.

[This is the third installment of a three-part series examining index funds. In Part I, we looked at the managed mutual fund market. In Part II, we looked at how an index is calculated and what an index fund is. In this installment, we'll consider how to evaluate index funds and where to buy them.] Despite that managed mutual funds still dominate the mutual fund landscape,…


This article is by editor Linda Vergon.

It’s the end of summer and some of us are going back to school, trying to learn more, become more. Others are already established in their professions, working to build the life of their dreams. Maybe you’re someone that got knocked down and have to build your dreams over again. Maybe you started out the year with a resolution, a goal, or a purpose to achieve. Where…


This article is by Kayla Sloan.

[Kayla Sloan is a millennial on a mission to delete her debt. She writes about her journey to financial success at shoeaholicnomore.com. She put this terrific video together as part of her discussion about mastering personal finance concepts too!] Nothing worth doing in life is easy. Have you ever heard that saying? I grew up with my dad preaching that to me, and I know I’m better person…


This article is by staff writer Holly Johnson.

The path toward retirement and financial independence usually involves buying a home and investing for retirement and the future. But, what if you had to choose? William Cowie posed this question to me recently and asked which path I would take to financial independence if given the option. My answer: I would invest for the future and forgo the house in a New York minute. Let’s…


This article is by staff writer Honey Smith.

Recently, I wrote about meal planning and delivery services. Most of the meal delivery services that I found were priced similarly per meal to most of the fast-casual restaurants in my area. To me, at least, that’s rarely worth it, especially when you consider that with, many such services, you still have to do the cooking yourself. One reason a service like that might be worth…


This article is by staff writer William Cowie.

[This is the second installment in a series examining index funds. In Part I, we looked at the managed mutual fund market. In this installment, we will look at how an index is calculated and what an index fund is. In Part III, we'll consider how to evaluate index funds and where to buy them.] In the first part of this series, we saw that mutual…


This is an article from former GRS staff writer Donna Freedman.

About four in 10 elementary school students bring lunch from home. But it’s not likely to be a good one, according to a 2014 study from Tufts University. Not one of the lunchboxes examined met all five National School Lunch Program standards, and only 27 percent of the meals met at least three NSLP recommendations (fruits, vegetables, low- or nonfat dairy, whole grains,…


This article is by editor Linda Vergon.

If you have the opportunity to go into business for yourself, I would recommend you do it. It’s an experience marked by creativity, ingenuity, and extreme growth. It is one of the most challenging, exciting, rewarding, creative, and scary things you can do in life. At least that was my experience. If you’ve never started your own company, your perspective might be colored by some of the romantic…


This article is by staff writer Lisa Aberle.

Ever feel like your finances are managing you instead of you managing your finances? Late fees pile up, interest charges multiply, and as soon as you find your 401(k) participation paperwork, you’ll fill it out and start participating. If you felt stressed reading that last sentence, you can understand why people choose to automate their finances. The fewer decisions you have to make in a day,…


This article is by staff writer William Cowie.

[This is the first installment in a series examining index funds. We’ll discuss the managed mutual fund market first to form a basis of comparison with index funds. In Part II, we will look at how an index is calculated and what an index fund is. In Part III, we'll consider how to evaluate index funds and where to buy them.] We can’t predict the future…


This article is by staff writer Jacqueline Leppla.

It’s bad enough when some scammer gets your credit card, but what happens when they steal your access to health care? Even worse, what if that person is a member of your family or a member of the health care field we are supposed to trust? It’s not an isolated concern. Medical identity theft represented 42.5 percent of the breaches identified in 2014 according to the…


When the oral surgeon recommended that our daughter have her wisdom teeth removed, we thought we knew what to expect both medically and financially. Morgan’s two sisters underwent this procedure in the past, and we adopted a brave “Let’s get this over with!” attitude as we scheduled her operation. We expected the least painful part of the procedure to be the surgery bill because the girls are covered under both their parent’s dental insurance. It…


We monitor the interest rates being offered by more than 500 financial institutions (banks, credit unions, and savings and loan associations) and display only the top 50 highest rates in the table below. These are weekly updates to help you find the best online high-yield savings account and money market account rates currently available.

Part of an effective financial strategy includes maximizing your earnings while balancing your need for liquidity -- and a certificate of deposit, or CD, is one way to accomplish that goal. You can easily monitor the best CD rates and terms currently available in the table below plus the rates of more than 500 financial institutions (banks, credit unions, savings banks, and savings and loan associations)

GRS is committed to helping our readers save and achieve their financial goals. Savings interest rates may be low, but that is all the more reason to shop for the best rate. Find the highest savings interest rates and CD rates from Synchrony Bank, Ally Bank, GE Capital Bank, and more.

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