It’s a common belief, one I’ve heard many times at family gatherings: “Credit unions fail more often than banks.” This idea often comes up when people discuss where to keep their money. But is it true? The short answer is no. This misconception often steers people away from perfectly safe financial institutions. Your deposits are …

Long-time readers here know that personal savings rate is one of my favorite personal finance metrics (along with safe withdrawal rate, crossover point, net worth, and “usable net worth”, to name a few). No other metric is as apt at diagnosing your current “personal business” of household cash flow management. In its simplest form, Personal …

On September 18th, the U.S. Federal Reserve lowered its targeted Effective Federal Funds Rate (EFFR) – the rate at which banks borrow and lend each other money- by 0.5% from 5.25-5.50% to 4.75%-5.00%. The Fed also signaled a potential additional 0.5% rate decrease at the next Federal Reserve meeting, which takes place in early November. …

Compare debt snowball and avalanche methods to see which pays off $20K credit card debt faster and saves more interest for your situation.

Compare savings and lifestyle in Tier-2 cities with low salary versus Tier-1 high salary but costly living for better financial decisions in India.