Personal Finance

John Harper | Getty Images

Where to stash your cash? Some Americans are sleeping on it—literally. While banks are still the go-to solution for most consumers, 29 percent say they’re keeping at least some savings in cash bills and coins, according to a new survey of 1,820 adults from American Express. Of those holding cash savings, 53 percent are hiding …

102377808-hundred-dollar-bills.530x298

Retirement savers achieved record balances in their 401(k) balances in 2014—thanks in part to the stock market’s gains—but the biggest winners were the thousands of workers who became newly minted millionaires. The average 401(k) balance hit a record high of $91,300 at the end of last year, according to new data from Fidelity Investments, the …

Xavier Arnau | Getty Images

Wellness. It’s not just about your waistline any more. Researchers have long known that financial stress can take a toll on physical health. The American Psychological Association says that “for people coping with existing health problems, financial and interpersonal stress can exacerbate their conditions.” Read MoreComing soon to a workplace near you: ‘Wellness – or …

Mark Bowden | Getty Images

Saving for retirement isn’t easy for anyone, what with wage growth slow and underemployment stubbornly high. For women, it’s even harder. According to a recent study by the Transamerica Center for Retirement Studies, 62 percent of women said they were saving for retirement, but just 15 percent said they were saving enough; 22 percent were …

Robert Barnes | Getty Images

Think twice before filing an insurance claim over that fender-bender or other minor damage. It could cost you big time. One $2,000 property damage claim is enough to hike your auto insurance rate at renewal by an average 41 percent, according to new data from InsuranceQuotes.com. A typical consumer would pay $1,250.50 per year, they …

Jin Lee | Bloomberg | Getty Images
Travelers are bracing for major delays and cancellations. (2010 file photo)

Travelers have long odds of getting on a flight ahead of this winter storm, but they’re not without options to troubleshoot their plans. Airlines have been pre-emptively cancelling flights ahead of the storm, which is expected to generate blizzard conditions while dumping more than 2 feet of snow between New York and Boston. More than …

Zero Creatives | Getty Images

Nearly half of U.S. workers say they routinely put in more than 50 hours on the job each week, often without overtime pay. But employers should probably start politely declining the “free” gift, new research suggests. So-called “work martyrs” give hundreds of hours in free labor to their employers every year, encouraged by always-on gadgets, …

Jan Cobb | Photographer's Choice | Getty Images

President Barack Obama wants to flunk a key provision of the 529 college savings plan. While it’s unlikely to pass through a Republican-controlled Congress, the White House’s proposal should be of keen interest to millions of families who may want to come up with alternative ways to pay for college. The popularity of 529 plans—both …

102359962-businesswoman-smartphone-computer.578x276

Getting more cash out of your employer this year doesn’t necessarily require asking for a raise. Workers are potentially leaving thousands of dollars on the table in work perks, from discounts on cellphone service to cheap amusement park tickets and free cash for getting fit. “Most people aren’t up on those things,” said Bob Nelson, …

Nicholas Prior | Getty Images

Parents wear many hats with their children: chauffeur, cook, tutor, chief cuddler. What most of them don’t do—despite their best intentions—is give their children financial smarts. More than half of parents in a recent survey rated their teens’ financial acumen as good or excellent, but 78 percent of the teens surveyed assessed their own money …

Elizabeth Simpson | Image Bank | Getty Images

Did you mail out those checks to charities before year-end? Did the beneficiaries of your annual tax-free gifts cash their checks? Did you sell those energy stocks and use the losses to offset gains elsewhere in your portfolio? There are plenty of tax-smart strategies that required action before the end of the year, but it’s …

Hill Street Studios | Blend Images | Getty Images

The gleam of your Golden Years is anything but certain. A number of predictors indicate just how happy you’ll be in retirement, Michael S. Finke, a certified financial planner, told attendees Tuesday at the American Institute of Certified Public Accountants’ Advanced Personal Financial Planning Conference in Las Vegas. Some factors are under your control; others, …

102333456-130124333.578x276

Chilly weather may not be what’s driving up your electric bill this year. A relatively mild winter means U.S. households that heat with electricity could use less energy over the season, according to the Energy Information Administration. But winter electric prices nationwide are 3.1 percent higher than last year, it estimates—and trending upward. (Although oil …

Image Source | Getty Images

If you’re ever hidden a purchase from your spouse, you’re not alone. One in five Americans have spent $500 or more on a purchase without their partner’s knowledge, according to a CreditCards.com report released Wednesday. And, bucking the widespread perception, men are much more likely to have done so than their wives. Twenty-six percent of …

Jin Lee | Bloomberg | Getty Images

Most economists believe interest rates will rise this year. But with global growth slowing and depressed oil prices putting a lid on inflation, their conviction wanes almost daily. Both India and Switzerland have announced unexpected rate cuts this year. Meanwhile, prominent thinkers, including Jeffrey Gundlach and Paul Krugman, have been skeptical of higher rates all …