Personal Finance Institute

From major cities to rural areas, what is considered middle class income can vary greatly. Use your income and zip code to see where you fit in the middle class.

Customers of Venmo, PayPal and CashApp should not store their money with those apps for the long term because the funds may not be covered by deposit insurance. That's according to a warning from the Consumer Financial Protection Bureau Thursday. The alert comes several weeks after the failure of Silicon Valley Bank, Signature Bank and First Republic Bank. Those institutions experienced bank runs after fearful customers with uninsured deposits pulled their money en masse. Money stored on a payment app is not being held in a traditional bank account. So, if there is an event similar to a bank run with the payment apps, those funds may not be protected.

This calculator uses the 50/30/20 budget to suggest how much of your monthly income to allocate to needs, wants and savings.

Blinking is thought to occur randomly, but a new study tracking blinks in racing drivers shows it can be predictable — and strategic.

Americans began the new year with a spending spree, but businesses are not sure how long it can last. There's a lot riding on the answer, since consumer spending is the backbone of the U.S. economy.

The announcement is the latest development in what has been a years-long issue in California: insurance companies dropping homeowners because of the growing risk of wildfires.

State Farm is stopping new home insurance sales in California, citing wildfire risks and skyrocketing construction costs, the company announced Friday.

How have bank runs changed?

The Federal Reserve Board of Governors in Washington DC.

Indians are stepping up purchases of daily essentials, and even premium branded goods, using the soon-to-be-withdrawn 2,000-rupee ($24.46) notes as they aim to sidestep the need to exchange or deposit them at banks.

The Federal Reserve Board of Governors in Washington DC.

Gen Z is missing credit card payments at a rising rate, and their student debt payments haven't even resumed yet.

Scientists think a traumatized orca initiated the assault on boats after a "critical moment of agony" and that the behavior is spreading among the population through social learning.

We asked young New Yorkers about their dream futures. Then we calculated exactly how much each would cost.

Deloitte just released new research that found the urge to splurge is universal, cutting across income, age and gender. This is the very definition of retail therapy, making purchases to boost one's mood.

Chase First Banking is available exclusively for Chase checking customers to help teens and kids build good money habits.

Greenlight's debit card for kids empowers parents to teach trade-off decisions, money management, and the power of saving and investing – in one app experience

Help your kids feel financially independent with a GoHenry kids' debit card. It's just like a regular kids' bank account—but way better!

A New York Fed report shows consumers are getting pretty good at accumulating debt.

When you’re shopping around for car insurance quotes, you may get lots of opinions on what company to use and what coverage to get. Comparing quotes from several different insurers is one of the best ways to save money. And it’s not a process that takes hours. With a minimal time investment, you

How much of your income will you spend on car insurance this year? Bankrate investigates.

A lot of people are always invested in the Kentucky Derby for gambling reasons. But this year, nearly 400 people were cheering on Mage to win. The horse, which entered the race with 15-1 odds to win Saturday, ended up taking the Run for the Roses with Javier Castellano riding. Outside of Castellano and trainer Gustavo Delgado, however, 391 sharehol...

"So then the question is, How much time am I willing to give up to save $2?"

As more states add financial education to public high school curricula, there's no guarantee schools will offer a dedicated course or students will take it.

For a thrifty shopper, a “Buy one, get one” (BOGO) deal can sound like the best way to get more bang for their buck. But the appeal of BOGO is why it’s hard ...

Borrowing money is just a few taps away on an iPhone. What could go wrong?

It’s been a busy week. Dr. Brown and representatives from Auto-Owners Insurance visited the top four performing classrooms in the 2023 Ferris State/Auto-Owners Insurance Challenge. We shared …

The global bond market stands at $133 trillion in value. Here are the major players in bond markets worldwide.

The final week of Financial Literacy Month is coming up. Here are 15 cool activity ideas that teachers shared during our recent Financial Literacy Month workshops! Teachers everywhere have been celebrating Financial Literacy Month with NGPF! In addition to NGPF's series of Financial Literacy Month resources, events, and giveaways, we facilitated two vibrant community workshops in which teachers shared their own unique plans for Financial Literacy Month.