These Types of Trust Funds Leave Your Legacy Intact

Millennial readers may not give much thought to trusts or trust funds unless you receive one at 18, 21, or 25, the most common ages for receiving money from a trust set up by your parents or grandparents. You need to think about it though whether you would receive money or leave it to someone.

In fact, among the many types of trust accounts that exist, you can even set one up to provide for a family member or organization, or another individual while you both live. Keep reading to learn more.

Money ManagementCarlie LawsonOctober 11, 2020money management definition, money handling skillsComment

The Way Interest Works on Savings Accounts is Astounding

One of the most important financial tools you have available is savings accounts. These types of accounts are essential for anyone who is working to build wealth. They benefit consumers in a variety of ways.

Interest is a big reason why these accounts are so beneficial to consumers. Savings accounts will typically offer some amount of interest. If you don't know how interest works, it's time to learn.

What is a Money Market Account?

You may know that saving money is important. However, knowing it and doing it are two different things. It is a challenge to save money when you do not truly know how to go about saving. There are a number of ways you can go about saving money.

Among many of the places you can store your money, there are savings accounts, certificates of deposit (CD) accounts, and a money market account.

What Do Millionaires Do Before Sleeping: Wealth 411

Many Americans would consider themselves wealthy if they could simply set all their bills to autopay and never worry about the money being in the account when the bills are deducted. Others think of wealth in terms of cars, houses and other material possessions. You may consider anyone who earns $500,000 or $1 million wealthy. It’s all a matter of personal perspective, but most would agree that millionaires are wealthy whether they’re worth just one million or multi-millions.

When setting your financial goals and making decisions that will impact your net worth, it helps to get some inspiration from others who have already claimed their share of the wealth in America. That includes tapping into the bedtime secrets of America’s wealthiest citizens.

Money ManagementTheresa HammondMarch 16, 2020money management definition, financial planning basicsComment

How to Find the Best CD Rates to Save More Money

Finding the best CD rates is just one of the many things you can do to save money and get some money handling skills. The best CD rates can usually be found at credit unions and online banks. If you don’t need immediate access to your money then a high yield CD can be a good way to build savings.

With rates on the rise for a six month or just a year-long CD, this could be a better option than some longer term CDs. With this, you will be able to access your money in months and then even reinvest it into higher rates.

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