Latest Personal saving News

4 ways to manage retirement health care costs

Sep. 08, 2021 07:36 AM EDT

Health care in retirement is a big-ticket item. Experts estimate that an average 65-year-old retired couple in 2021 would need about $300,000 in after-tax savings earmarked for health care costs in their post-work life, even with Medicare, according to Fidelity. The...

Liz Weston: How to have a retirement worth saving for

Jul. 26, 2021 06:47 AM EDT

Most advice about retirement planning focuses on how to save enough money to replace your paycheck. But work provides us with a lot more than income. Many of us get a sense of meaning, accomplishment and even identity from what we do. Work also provides social connections...

How to be a frugal traveler and still have fun

Jul. 21, 2021 07:05 AM EDT

That first post-vaccine vacation is finally a possibility for many, but after more than a year without travel, the sticker shock is no joke. In general, travel prices are increasing to reflect higher demand. According to the U.S. Travel Association Travel Price Index for May 2021, airfare is...

Acclaim, fundraising spread unevenly among Black colleges

Jul. 14, 2021 07:04 AM EDT

ATLANTA (AP) — Two recent high-profile faculty appointments could be a fundraising and enrollment bonanza for Howard University, one of the nation’s most prestigious Black colleges. Many other Black schools are not so fortunate; in fact, many are struggling. Some,...

Millennial Money: 'Back to normal' boosts pandemic pup costs

Jul. 13, 2021 09:18 AM EDT

Last summer, like millions of Americans, I brought home a 7-pound ball of fluff. Over the past year, my mini-goldendoodle has turned into 23 pounds of pure joy. Close to 1 in 5 households have acquired a dog or cat since the beginning of the COVID-19 pandemic, according...

Millennials face challenging landscape amid housing crunch

Jul. 11, 2021 10:34 AM EDT

DENVER (AP) — Standing inside a bucket he purchased last fall, Alex Eherenman bathed in his work bathroom. Water pooled at his feet as he splashed himself from the sink faucet, but at least he wasn’t leaving behind a puddle. “That was a pretty low point for me,”...

Kentucky offers sweepstakes to encourage summer reading

Jun. 23, 2021 04:07 AM EDT

FRANKFORT, Ky. (AP) — Kentucky is offering financial incentives for children to do some summer reading. Four Kentucky children will each win $1,000 to put toward a college savings account this year by participating in a summer reading program at their local public...

Liz Weston: How to harness your HSA’s superpowers

Jun. 21, 2021 07:08 AM EDT

If you have a high-deductible health insurance plan, a health savings account can help you pay your medical bills. But HSAs have hidden superpowers that make them a great way for some people to create a tax-free pot of money for retirement or other long-term goals. In the right circumstances,...