Andrii Dodonov / Getty Images/iStockphoto A recent banking survey from MarketWatch found that respondents had an average checking account balance of $11,195.38 and that the most important feature of this account was having low or no monthly fees. The survey also discovered that 52.5% of respondents had a savings account with a traditional bank, while
The pressure to spend money can be strong in many social situations. Perhaps a group of friends invites you to a concert or sporting event over the weekend, but you don’t have room in your budget for the tickets. Maybe your family invites you on a fun-filled vacation, but you can’t afford your share of
ozgurcankaya / Getty Images It’s estimated that up to 40% of divorces result from financial problems. This is not surprising since we live in a culture in which talking about money is as taboo as talking about religion at a dinner party. From a young age, we learn not to ask people about money; indeed,
Studying finance books can significantly enhance your financial understanding and help you achieve your objectives. Introductory texts provide fundamental principles, whereas more advanced ones explore detailed investment tactics. The books you choose depend largely on your goals. Reflect on why you’re reading a personal finance book: whether it’s to eliminate debt, plan for retirement, or
Supatman / Getty Images ChatGPT has taken the world by storm as a fun chatbot, but did you know it can also actually be useful? That’s right: ChatGPT can dispense some serious financial wisdom. GOBankingRates talked to financial experts Scott Lieberman and Julia Mathers about how they are using this powerful technology to budget better,
PictureGroup for The Walt Disney Company / Shutterstock.com Many women have lofty financial goals but aren’t quite sure how to achieve them. A recent GOBankingRates survey found that 6% of women cite a lack of knowledge as their biggest barrier to achieving financial goals and an additional 18% cite a combination of a lack of
As an investor, the virtue of patience is probably the most important trait in times like these, when uncertainties and volatilities characterise the market. It is a way people earn additional money throughout a decade or over several decades, which would be more than just holding their money in a savings account. Despite the fact