Finance :: Saving

5 Money Saving Tips for Exchanging Currency

By Joseph Pisani | Jul 18
Headed overseas for summer vacation? It's easy to get hit with extra fees and expensive exchange rates when switching currencies. Some currency exchange tables in airports and tourist areas offer bad rates, taking more of your money.

House Votes to Slash IRS Tax Enforcement Budget

By Andrew Taylor | Jul 17
The GOP-controlled House has voted to slash the budget for the Internal Revenue Service's tax enforcement division by $1.2 billion, a 25 percent cut that would mean fewer audits of taxpayers.

Demonstrators hold placards campaigning against the short term loans company Wonga outside their offices in London, during a May Day protest.

UK Regulator Imposes Caps on Payday Loans

Jul 16
Britain's financial regulator on Tuesday announced new limitations on what payday lenders can charge their customers, the latest step in moves to tackle poor conduct in the short-term credit industry.

Bull Run Continues for Most Mutual Funds in 2Q

By Stan Choe | Jul 14
Go ahead and open the latest quarterly statements from your mutual funds when they arrive. It'll likely be painless, just like it was a quarter ago. And the quarter before that. And the quarter before that.

Credit card decals on a store window in the Hollywood section of Los Angeles.

US Consumer Borrowing Rises at Slower Pace in May

By Josh Boak | Jul 10
Consumers increased their borrowing at a slower pace in May compared to the prior month. Overall credit rose by $19.6 billion in May, down from a gain of $26.1 billion in April, said the Federal Reserve.

With Decimal Mistake, Students Become Millionaires

By Kimberly Hefling | Jul 7
Low-income students have inadvertently presented themselves as millionaires on an application for federal financial student aid - making it less likely they will qualify for grants and loans.

Yes You Can: 5 Tips to Beef Up Your Savings

By Alex Veiga | Jul 4
Financial freedom isn’t always about possessing great riches. For some, it can be as simple as getting a bit more breathing room from financial constraints like their rent, car payment and other living expenses.

Student Loan Interest Rates to Increase

By Kimberly Hefling | Jul 2
Interest rates went up Tuesday for students taking out new federal loans. This hike is relatively minimal but could foreshadow more increases to come. The change stems from a high-profile, bipartisan deal brokered last year by Congress.

Tipping Points: When and When Not to Pay Extra

Jul 1
To tip or not to tip? This question has plagued us for years, and finally we have the answer. Nancy Giles gets to the bottom of tipping etiquette and shows us the right amount to tip for just about any occasion.

 student walks past Old Main on the campus of Penn State University in State College, Pa.

Is a College Degree Still Worth It? Study Says Yes

By Joseph Pisani | Jun 26
Those with bachelor’s or associate’s degrees earn more money over their lifetime than those who skip college, even after factoring in the cost of higher education, according to a report released by The Federal Reserve Bank of New York.