Managing Your Money

Managing Your Money

FDIC Insurance for Trusts

You may have heard that there’s a new rule effective April 1, 2024, for FDIC insurance of trusts. The official language of the new rule can be confusing, but we've outlined the basics.

Smart Use of Credit Cards

For the cardholder who can pay off the total balance each month or the savvy shopper who pays equal installments on a zero-APR promotional offer, the benefits of using a credit card could be worth it. But for anyone leaving a balance on a higher-APR card for longer than one or two 30-day cycles, the interest charges can really add up, and the balance can take much longer to pay off.

The Road to Better Health: What Qualifies as an Eligible Expense From Your HSA or FSA

Our Pinnacle | Health & Benefits participants often ask whether certain expenses can be paid for or reimbursed by their Health Savings Accounts (HSAs) and Health Flexible Spending Accounts (FSAs). Sometimes the answer is clear because the expense is listed in Internal Revenue Service (IRS) publication 502 as a common medical or dental expense. Other times, determining whether an expense is a “qualified medical expense” is not as simple. Around the New Year, many people make resolutions to add healthy habits and focus on wellness, so we’ve offered some guidance here related to HSA and FSA expenses that are or are not considered eligible by the IRS.

Classroom Resources for Teaching Kids about Money

While math is handy for counting money and making change, teaching students about money is about more than mathematics. The FDIC has developed a set of four grade-specific curriculums called Money Smart for Young People to deliver basic financial concepts to students in kindergarten through 12th grade.

New Year, Fresh Start: Budgeting 101

A new year is on the horizon! If one of your resolutions is to get a handle on your budget and manage your money better, here are some tips to get you started.

Planning Your Finances for a New Year

If you want to take advantage of opportunities to save on your 2014 tax bill and get a jump start for the new year, the time to act is now. Here are five ways to wrap up the year and start your 2015 finances on the right foot.

Teaching Children About Money

How soon should I be talking to my children about money? It’s a question we hear a lot. Parents know it’s an important life skill that their children need, but knowing what’s developmentally appropriate is vital. We offer suggestions for parents as well as links the FDIC's Money Smart for Young People curriculum and games for kids.

Saving, Investing and Finding Balance in the Sandwich Generation

Supporting your kids and your parents at the same time can be tough. So how do you find balance – and space for your own needs – when you’re part of the “sandwich generation”?

Six Steps for Personal Budgeting

Does it seem like your money disappears as quickly as you earn it? Curiosity about that “phenomenon” is a great cue for the start of a successful budget plan. Follow that spirit of inquiry to find out where all your money has been hiding and put some structure in place in the form of a personal budget.

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