1. Smart Money Tip #4: Save 10% of Income

    People often ask us how much money should I save? The answer is our smart money tip of the day: ten percent (10%) of your gross income. Gross income is the amount of money you earn before benefits and taxes are taken out of your paycheck. So if you earn...
  2. Smart Money Tip #3: Build an Emergency Fund

    There have been many times in my life when I have been glad I had an emergency fund. An emergency fund provides you with financial security to help you get through tough times and take advantage of opportunities when they arise and it is today’s smart money tip. So how...
  3. Why Big Banks Should Care about Generation Y

    I have been a Bank of America customer for 14 years. I have never missed a credit card payment, I always have healthy balances and I have never overdrawn my accounts. By my estimates, I am a pretty good customer. But today, I was categorizing my transactions using HelloWallet and...
  4. Money Saving Tips for Military Members

    In honor of Memorial day, I want to dedicate this post to the brave men and women who wear our nation’s uniform and serve in our behalf to continue to keep us free. For all Sailors, Soldiers, Marines, Airmen/women, and military members, here’s a few money saving tips specifically for...
  5. 5 Savings Tips for New Employees

    You’re starting a new job. Perhaps it’s your first full-time job or maybe you’ve been working for a while. It may feel like there are many demands on your income: rent, credit card debt, student loans, or car payments. Although it’s important to save for these short-term goals, make sure...
  6. How to Save on Cable, Phone and Internet Bills

    If you are moving to a new city, buying a home or renting a new apartment, you’ll need to contact local cable company or internet service provider to set up cable, internet and phone plans. When there are a lot of competitors it can get quite confusing. From monthly recurring...
  7. 3 Easy Ways to Build an Emergency Fund

    If you had to come up with $1,000 in cash in the next two weeks, could you do it? Hopefully, you’ll never find yourself in that situation. But life happens, and so do emergencies. Unexpected events like losing your job or a trip to the hospital could easily drain your...
  8. Banks vs. Credit Unions: Which is Better?

    Last week, YoBucko got the same question from two readers: what is the difference between a bank and a credit union? In this article, we’ll provide a simple explanation to help you understand the main differences between banks and credit unions and give you some things to consider before making...
  9. America Saves Week 2012

    America Saves Week is just around the corner, and YoBucko is ready! Make sure you sign up to receive money-saving tips and advice. About America Saves Week America Saves Week is a nationwide campaign coordinated by America Saves, the America Savings Education Council and the Consumer Federation of America. Started...
  10. 10 Ways to Save More Money on Gas

    As you are looking for ways to save more money and cut your budget, the first place to look is your discretionary, or flexible spending. Gas and other transportation expenses are a great place to start saving. Here are a few tips to help you lower your monthly gas expenses...
  11. What is Direct Deposit?

    Direct Deposit is a safe and secure way to have your money deposited directly into your checking or savings account. The most common use of Direct Deposit is for payroll. When you use Direct Deposit, you allow your employer to electronically transfer money into your account. So instead of taking...
  12. 12 Ways to Save More Money in 2012

    Saving money is one of the most popular New Year’s resolutions today. But saving money can be tough if you don’t start off with an action plan. To give a little motivation, we’ve put together our top 12 ways to save money in 2012. Good luck! 1. Set Up Direct...
  13. Millionaire Calculator

    Who wants to be a millionaire? Well that makes two of us. Most people dream of one day becoming a millionaire, but don’t really know how they will get there. Unless you inherit a lot of money, win the lottery or get paid like a king, the only other option...
  14. What is Inflation?

    In 1960, a Ford Mustang cost $2,368. Today, a 2011 Ford Mustang GT will cost you $34,310. And that’s before you add any features. What the heck happened? Are mustangs that much better? Are people just crazy? Well, both are a somewhat correct, but the real answer is a concept...
  15. What is the Time Value of Money?

    Have you ever heard the saying “a dollar today is worth more than a dollar tomorrow?” If not, you have now. This saying refers to a fundamental concept in finance called the time value of money. The time value of money basically means that because money can earn interest (through...
  16. What is the Rule of 72

    Ever wondered how long it would take to make your money double? In the world of investing and saving, there is a simple way to calculate how long it would take. It’s called the Rule of 72. In a nutshell, the Rule of 72 helps you determine how long it...
  17. What is Compound Interest?

    Albert Einstein called compound interest “the most powerful force in the universe.” So what is compound interest (or “compounding”?). Compounding occurs when you earn money, reinvest it and earn more money on the bigger amount. For example, say you put $100 in a bank account at 5% interest. In one...