Sections SEARCH Skip to content Skip to site index Technology Subscribe Log In Log In Today’s Paper Technology | The Week in Tech: How Much Regulation Is Too Much? Advertisement Supported by Bits ByJamie Condliffe March 15, 2019 Every Friday, we review the week’s tech news , offering analysis and maybe a joke or two about the most important developments in the tech industry. Want this newsletter in your inbox? Sign up here . Hi. I’m Jamie Condliffe. Greetings from London. Here’s a look at the week’s tech news. You say antitrust. I say: How much? There is little as fashionable in 2019 as the desire to curb Big Tech’s power. But knowing how far regulators should go in putting limits on Silicon Valley’s largest companies isn’t straightforward. At one extreme, there are calls to break up Big Tech. Senator Elizabeth Warren grabbed headlines during the week … [Read more...] about The Week in Tech: How Much Regulation Is Too Much?
How much emergency fund
Elizabeth Aldrich, provided by Published 9:34 am CST, Friday, March 8, 2019 Vanni Bassetti/Getty Images Forty percent of Americans say they don't have enough money saved up to cover even the smallest emergency expenses. Without an emergency savings fund, unexpected expenses could cause people to go into debt and spend hundreds on interest fees. I use a high-yield online savings account for my emergency fund, so it's constantly growing until I need it. What would you do if your car broke down tomorrow and the mechanic told you it'd cost $1,500 to get it up and running again? Or worse, what would happen if you got laid off tomorrow? How long would you be able to pay rent while unemployed? If you don't have a good answer to these hypotheticals, at least 40% of Americans are right there with you. In a survey done by the Federal Reserve Board last year, four in 10 Americans said they wouldn't have the money to cover a $400 emergency without borrowing or selling something. … [Read more...] about I moved my emergency fund to a high-yield online savings account, and after earning 20x more interest I’d tell anyone to do the same
Tanza Loudenback, provided by Published 2:38 pm CST, Wednesday, February 27, 2019 Westend61/Getty We're all told to save money, but we're not always taught how to save money — or better yet, how much money to save to accomplish our personal goals. Most financial experts recommend saving 20% to 30% of your income, if you can afford it. But that may not be the amount you need to meet your own financial goals, like buying a house in your dream neighborhood or retiring early. Financial planner Eric Roberge says tailoring your savings rate depends on three things: How much your goals cost, how much your ideal lifestyle costs, and when you need the money. At one time or another, we're all told to save money, but we're not always taught how to save money — or better yet, how much to save to accomplish our personal goals. There's a rule of thumb most financial experts recommend: If you can afford it, earmark 20% to 30% of your income for savings and … [Read more...] about How much money you should save depends on 3 things
Visit The Boston Globe Share on Twitter Share on Facebook Comment on this Scroll to top of page By Michelle Singletary Washington Post January 27, 2019 If you’re able to save money in an emergency fund, you may be frustrated at the low return on your investment. But don’t be. This rainy-day money is meant to be safe, accessible, and ready for a storm.During a recent online discussion, certified financial planner Carolyn McClanahan joined me to answer questions from readers on where to park your emergency fund and whether you should pull out retirement money to pay off consumer debt. Here’s her advice. Q: Where should I keep emergency money? My grandmother kept her money in odd places like curtain rods. Advertisement McClanahan: Keep the money in a money market account so you earn some interest. Money markets typically provide the highest interest with the most liquidity. I would use these over plain savings accounts (lower interest) or … [Read more...] about Thank goodness for that emergency fund. But where should you keep the money until you need it?
By Beth Pinsker NEW YORK (Reuters) - At the Springdale Ice Cream and Beverage factory in Cincinnati, workers were coming to the human resources department with money troubles, wanting cash advances on their pay. Some could not afford car repairs, which meant they could not get to work. Others needed money for medical bills, home repairs and other emergencies. Human resources manager Erica Simmons wanted to help. She enrolled the company, a division of Kroger Co <KR.N>, in a pilot programme called Split to Save. The Consumer Federation of America started the Split to Save initiative about a year ago, and other employers on board include banks, credit unions and the City of Boston. The goal is to help workers build their own emergency savings accounts through regular payroll deductions. "It’s important that our associates are doing well and that means their physical and mental health and their financial health," said Simmons, who signed up for the programme herself and has … [Read more...] about Money woes? More companies help workers build emergency funds