Maddy Scheckel

Freelance Writer at Business Insider

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11 Surprising Reasons To Stop Putting Money in a Savings Account

1 month ago | financebuzz.com | Maddy Scheckel |Lauren Wellbank

A savings account is a very safe place to keep your money because it's insured by the FDIC. The US government guarantees you will not lose access to your money. And, depending on your bank, you can also earn interest on that money while it sits in your account. However, a savings account is not a great way to build wealth, and having too much money in a savings account might be costing you.
9 Signs Your Retirement Savings Sets You up Better Than the Average Baby Boomer

1 month ago | financebuzz.com | Maddy Scheckel |Laura Ratliff

Are you concerned about having enough money for retirement? This is a common apprehension among Baby Boomers, but you may be ahead of the curve regarding your retirement savings. Your retirement plan is your playbook for making the right money moves. So, let’s take a fresh look at how you’re doing compared to others in your age group.
11 Online Financial Planning Tools the Government Provides Completely Free

1 month ago | msn.com | Maddy Scheckel
11 Online Financial Planning Tools the Government Provides Completely Free

1 month ago | financebuzz.com | Maddy Scheckel |Calista Headrick

Feeling a bit anxious about your finances? Whether you’re planning for retirement or putting together your monthly budget, it’s not always easy to get your money in order. Luckily, you can take advantage of online tools provided by the U.S. government to better prepare yourself financially. You’ll feel more in control of your future, and you’ll gain the information you need to make smart decisions that will positively impact your life.
How to Get Student Loan Forgiveness

1 month ago | businessinsider.com | Ryan Wangman |Maddy Scheckel

Explore various student loan forgiveness programs, their requirements, and step-by-step instructions on how to apply.
6 Situations When Refusing an Inheritance Is for the Best

1 month ago | financebuzz.com | Maddy Scheckel |Laura Ratliff

A loved one has passed away and left you with an inheritance. At first, you may feel honored, elated, or perhaps nervous. After you allow yourself to feel your emotions, take time to work through the pros and cons of actually accepting the gift. While an inheritance is a way to build wealth, it may also involve the responsibilities of paying taxes, managing assets, and facing jealousy from family members. There’s another option worth considering, too. You can disclaim your inheritance.
Current Average Personal Loan Interest Rates: What to Expect

1 month ago | businessinsider.com | Maddy Scheckel

Discover the current average personal loan interest rates and factors that impact them. Learn how to secure the best rates and compare offers from top lenders.
7 Pros and Cons of Following Suze Orman’s Decision to Ditch Home Insurance

2 months ago | msn.com | Maddy Scheckel

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7 Pros and Cons of Following Suze Orman’s Decision to Ditch Home Insurance

2 months ago | financebuzz.com | Maddy Scheckel |Calista Headrick

Suze Orman has a bone to pick with home insurance companies. The personal finance expert was quoted a whopping $28,000 yearly price tag for her condo in Florida — so she decided to ditch the insurance altogether. Instead, she opted to self-insure. But Orman laments that most Americans can’t afford to make that same smart homeowner decision. Should you ditch it too? Here are seven pros and cons to consider before saying goodbye to home insurance. What is self-insurance?
8 Common Tax Credits That Could Save You Money (If You Know About Them)

2 months ago | financebuzz.com | Maddy Scheckel |Chris Kissell

Nobody likes paying taxes, but you can lower the amount of money you owe to the federal government by claiming tax credits. You may be eligible for thousands of dollars in tax relief. Taking the time to learn a bit more about such credits is one of the smartest ways to get ahead financially. Here are some commonly used tax credits you need to know about before you file a return. What is a tax credit? Vitalii Vodolazskyi/Adobe A tax credit directly lowers your tax bill.