Achieving financial security and peace of mind often begins with effective savings strategies. And, whether you're just starting your journey toward financial stability or looking to fine-tune your ...

Matt Richardson is the senior managing editor for the Managing Your Money section for CBSNews.com. He writes and edits content about personal finance ranging from savings to investing to insurance.

After a period of elevated borrowing costs, the Federal Reserve switched gears in September 2024, cutting interest rates for the first time since 2020. Following a 0.25-percentage-point interest rate ...

Caroline Banton has 6+ years of experience as a freelance writer of business and finance articles. She also writes biographies for Story Terrace. Amy is an ACA and the CEO and founder of OnPoint ...

Interest rates and bond prices exhibit an inverse relationship: when interest rates increase, bond prices decrease, and when rates decrease, bond prices increase. This occurs because newly issued ...

Lenders calculate how much interest you’ll pay with each payment in two main ways: simple or on an amortization schedule. Short-term loans often have simple interest. Larger loans, like mortgages, ...