A reader wrote in concerned about having money in a non-FDIC money market.
Money markets at brokerage firms may not (and probably are not) FDIC insured. Historically, only two money market funds have lost money.  In each case, account holders lost small amounts of money (3 cents on the dollar in one case).
If you have money [...]

A reader, Jenny, asked about managing finances when studying abroad in Spain for a semester. If you have a question, send me an email or use the comment form.
Bank accounts
This is my advice for a college student studying abroad who is not earning income (or is earning a minimal amount) and has saved enough [...]

If you want the best rate on your savings, bankrate.com tells you the current banks that pay the highest interest rates. Since the listing changes daily, to constantly get the highest rates, you have to transfer your money between banks regularly.
Some people “chase rates” by switching money between any number of savings accounts in order [...]

Financial markets have been reeling for months after large losses in subprime mortgages. My take on the subprime mess is that too much credit went to too many people too easily.

Individuals qualified for more credit by taking out an ARM (adjustable rate mortgage) than they could have borrowed with the more traditional 30-year FRM (fixed [...]

What do you do if your banker hits on you?
This happened to a friend of mine, who requests to go by Lynn.
Lynn went to the bank to open a new account, and a few days later her banker, Mr. Banker, called her up to chat. She blew him off but ran into him at the [...]

Defining Moments is a series about how we remember money and how it has shaped our lives.
At the end of my first year of graduate school, I stayed in the dorm one extra week before leaving for the summer, and for this I owed the housing office $110. I wrote a check to the housing [...]

Bank of America offers customers an innovative incentive program Keep The Change — the “change” of each debit transaction is moved to a savings account, and Bank of America matches a percentage of your change.
This sounds like a pretty good deal, but it leaves out part of the story — what is the interest rate [...]