Savings
Is a retirement savings crisis looming?
Tens of millions of private-sector workers lack access to a retirement savings plan through their employer, which experts at the AARP Public Policy Institute warn…
Your best advisor to finance and money management.
Explaining Finance is your one-stop website for the latest news, updates, and tips about finance.
Latest News
Is a retirement savings crisis looming?
Tens of millions of private-sector workers lack access to a retirement savings plan through their employer, which experts at the…
Gobble up savings: Smart tips to cut costs this Thanksgiving
'Tis the season to gather and give thanks without breaking the bank. High grocery prices and travel expenses may threaten…
More people trying 'no-buy year' trend to save thousands of dollars
A Tiktok trend is encouraging people to save more money. It’s called the ‘no-buy year.’ The rules are simple. Make a…
Why July is an ideal time for a mid-year money check-in
July is often thought of as a time for home improvement projects, well-deserved vacations and leisurely day trips. In addition…
50% of Americans saving for college don't know about a 529 savings plan: survey
Americans may be missing out on an essential college savings tool, according to a recent survey. Half of all adults…
College graduation gift money: Experts reveal whether to spend it or save it, and why
Millions of American young adults are graduating from college this season and beginning the next chapters of their lives. The…
What is a high-yield savings account and how do I set one up?
Want to watch your money grow? A high-yield savings account allows your money to make money, with very little work…
Bass Pro Shops' CEO says brand will focus on affordability amid rising costs: 'Inflation is here'
EXCLUSIVE: The founder and CEO of Bass Pro Shops, Johnny Morris, says that despite inflation, the hunting, fishing and outdoor…
Save $10K in a year with this step-by-step guide
Saving money all starts with a tangible goal. So, let's start with $10,000 in one year. Saving money is challenging,…
New retirement rule will help protect retirement savings of Americans already struggling to save
The Biden-Harris administration recently announced a finalized retirement rule that will help individuals save for retirement. The Retirement Security Rule…
Americans adjust retirement goals up 15% but savings drop: survey
The amount Americans believe they will need to retire comfortably has increased faster than inflation, but what they are saving…
How to build a blueprint for your child’s financial success
College tuition is on the rise, living costs are high and the future is uncertain. Combine that with the pressure…
Expert offers financial planning tips for new college grads
The arrival of spring means a new group of college graduates will soon be entering the workforce in earnest and…
What is the 50/30/20 budget rule? A guide to budgeting like a pro with this easy method to follow
The 50/30/20 rule is a beginner-friendly budget guide you can start following today. The 50/30/20 rule provides a way to…
Save money as newlyweds: First comes love, then comes finances
After the wedding and honeymoon bliss wears off, it’s time to get back to reality. Money is a topic that…
How to save with the CVS ExtraCare and ExtraCare Plus loyalty programs
About 85% of Americans live within five miles of a CVS Pharmacy, so chances are good that you have visited…
Use these 5 expert strategies to build your emergency savings fund
An emergency fund should be a priority for Americans to be prepared for unforeseen and urgent expenses. Experts recommend you…
College savings should start in kindergarten and kids should be involved: financial expert
With the cost of college on the rise plus an unstable debt load, the best thing parents can do is…