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Simple Steps to Boost Your Financial Health

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Steps to Boost Your   Financial Health : What does it mean to be financially healthy? It’s about having control over your finances, making informed choices, and planning for a stable future. When you know where your money is going, you can feel more confident and less stressed. Achieving financial health doesn’t have to be hard. These key steps can help you reach your goals. Simple Steps to Boost Your Financial Health  are: Action Why It Matters Automate Your Savings “Pay yourself first” ensures consistent saving before you spend. Create a Usable Budget Helps track spending, set goals, and stay on course. Monitor Your Credit Score A strong score saves you money and unlocks better financial opportunities. Think Long-Term (Retirement & Investments) Early planning secures your future and reduces financial anxiety later. Protect Your Mental & Emotional Wellness Reduces stress and builds financial confidence. Use Free Financial Resources No-cost tools and education improve ...
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Navigating Your Savings Options

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Navigating Your Savings Options: When it comes to saving money, one size doesn’t fit all. Whether you’re building an emergency fund, planning for a big purchase, or looking for a way to grow your savings over time, choosing the right account can make all the difference. But with so many options — Savings accounts, Money Market Savings accounts, and Certificates — it’s easy to feel overwhelmed. Each option offers unique benefits and trade-offs, depending on your financial goals and how much access you need to your funds. Now is a great time to look at your savings strategy and decide if your money is working as hard as it can for you. Here’s what to consider when looking at your options. Navigating Your Savings Options:   Savings accounts A  Savings account  is a great starting point for most of us. Offering a safe and easy way to store your money, these accounts are simple to open and maintain, with low minimum balance requirements. Plus, you’ll earn interest on the funds...
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Best Savings Accounts for Kids and Teens for July 2025

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The top rate available on a savings accounts for kids is a remarkable 10.38% APY, which is offered by Spectra Credit Union. In addition, five additional accounts offer youth rates of 5.00% to 7.00% APY. All of those pay significantly more than you can earn with the best high-yield savings account for adults. But as you’ll see, banks and credit unions tend to limit the balance amount that can earn these stellar youth rates. Savings accounts can be a rewarding way for your child or teen to learn about the value of money—and specifically about how to put some of it away for the future. Investopedia’s full-time research and compliance teams have been researching the best kid and teen bank accounts since 2021, starting with a pool of about two dozen options. You’ll find offers from our banking partners below, followed by our ranking of the youth savings accounts that either pay a very high rate with a balance cap or offer a competitive rate that can be earned on larger balances. Tip Also in...
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The Best High-Yield Savings Accounts for July 2025

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The best high-yield savings account rate is 5.00% APY, available from Varo Bank, AdelFi, and Fitness Bank. That’s more than 13 times the FDIC’s national average for savings accounts of 0.38% APY.1 A high-yield savings account is great because it pays more interest, while still giving you the flexibility to withdraw your money when needed. Every business day, we publish a ranking based on the highest savings account APYs available that day from nationally available institutions. All savings accounts and rates in our rankings were collected, verified, and available to open as of July 2, 2025. In the News The Federal Reserve held rates steady at its June 18 meeting, as it had at its previous three meetings. Three rate cuts late last year lowered the federal funds rate by a full percentage point to a range of 4.25%–4.50%, its lowest range since February 2023. Quarterly economic projections also released on June 18 indicate that two additional quarter-point rate cuts coul...
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