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Author: Lee Huffman
Lee Huffman
Lee Huffman is a financial services and insurance veteran with over 25 years of experience. He has held Series 6 and 63 securities licenses and a Life & Disability insurance license. Lee’s work experience includes selling life insurance and annuities at Trilogy Financial Services (National Planning Corporation broker/dealer) and CalFed (a regional bank acquired by Citibank). His insurance and personal finance writing has appeared in major outlets such as Forbes, Investopedia, FinanceBuzz and NerdWallet.
It’s a smart move to set aside money for an emergency, an upcoming vacation, or any other goal. But where do you put this money so you won’t spend it frivolously on things that don’t matter? A savings account keeps your money safe in the bank and separate from your checking account, while also earning interest. However, today’s traditional bank savings accounts often earn less than 1% interest, which typically doesn’t amount to much. Switching to a high-yield savings account can earn a higher interest rate on your money. Here’s everything you need to know about high-yield savings accounts vs.…
While many people don’t understand them, credit scores have a significant impact on where you work, where you live, how much you pay to borrow, and what your insurance premiums are. Having good credit is crucial if you want to save money and take control of your finances. However, this three-digit number is still a mystery to most people. Here’s how credit scores work, including the factors that go into your score, six ways to improve your credit, and alternative strategies you can count on. What Is a Credit Score A credit score is a three-digit number that lenders, landlords,…