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Saving

Practical steps to grow savings, even on a tight budget.

How Big Should Your Emergency Fund Be?

by My Finances Today Editors
A person holding a glass jar labeled savings

What an emergency fund is for, common guidelines for how much to save, where to keep it and how to build one step by step, even on a tight budget.

Categories Saving

How to Automate Your Savings (and Why It Works)

by My Finances Today Editors
Hands holding a smartphone with a banking app open

Automating savings takes willpower out of the equation. How to set up automatic transfers, choose amounts and accounts, and increase savings over time.

Categories Saving

Sinking Funds: How to Save for Expenses You Know Are Coming

by My Finances Today Editors
A glass jar of coins on a wooden table

A sinking fund spreads the cost of a known future expense over months. How to set them up, which expenses to include and where to keep the money.

Categories Saving

High-Yield Savings vs. Regular Savings Accounts: What’s the Difference?

by My Finances Today Editors
Coins dropping into a white piggy bank

Compare high-yield and traditional savings accounts on interest, access, fees and deposit insurance, and learn what to check before you open one.

Categories Saving

Certificates of Deposit vs. Savings Accounts: Which Fits Your Goal?

by My Finances Today Editors
A classic bank building with stone columns

Compare CDs and savings accounts on interest, access, penalties and flexibility, and learn when a CD makes sense for money you won’t need for a while.

Categories Saving

My Finances Today

Plain-English guides to budgeting, saving and borrowing, so you can make everyday money decisions with confidence. Our articles are general information, not personal financial advice.

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