TessMore Finance Blog

Some of the links in this post are from our sponsors. We provide you with accurate, reliable information. Learn more about how we make money and select our advertising partners . The easiest way to save a lot of money is to make a lot of it first. If only it were that simple. But just because you may have to try harder than some (and most of us do), it doesn’t mean saving money has to be hard. If you make enough money to pay for all of your necessities every month, there’s room to save and grow those savings. You might just have to do some rearranging to make room. Do these five things before the weekend to start saving, and you’ll see it gets easier from there: 1. See Where Your Money Likes to Go You know where your money comes from. But do you wonder where it all goes? If you do, you could probably use a budget. Budgeting helps you stay on track financially, and it helps you visualize where your money goes every month, quarter and year. It also helps you spot inefficiencies and...

Businesses most times need to purchase materials from suppliers. To determine the rate at which these businesses make payments to their suppliers, you need to understand how to calculate and improve the accounts payable turnover ratio. Accounts payable turnover ratio is one important accounting information every business should keep. With a knowledge of the turnover ratio, businesses will be able to make better financial decisions. What is Accounts Payable Turnover Ratio? The turnover ratio enables creditors to make decisions as to the creditworthiness of the business. With the data obtained from the account payable ratio, interested persons can have information on the payment history of the business. To calculate the accounts payable turnover ratio, all you need to do is to divide the total of all purchases made within that period by the average balance. A glance at the accounts payable turnover ratio will show you how many times a particular business has been able to offset its f...

When you think of interest-generating bank accounts, your mind likely goes to savings. After all, that’s your reward for building an emergency fund or socking away money for a future expense, right? A regular, end-of-month deposit into your savings account, courtesy of your bank. The good news: You can also earn interest with select checking accounts . What is a High-Interest Checking Account? A high-interest, or high-yield, checking account offers a higher interest rate (annual percentage yield, or APY) on your money. Unlike a traditional checking account, you may have to keep a minimum balance in the account at all times and meet other requirements — for instance, pay a monthly fee or schedule a recurring direct deposit — to earn the higher interest rate. High-interest checking accounts are a great way to earn more for your money. The 7 Best High-Interest Checking Accounts Here’s an overview of high-yield checking accounts, what you need to know when choosing one and the top c...

Some of the links in this post are from our sponsors. We provide you with accurate, reliable information. Learn more about how we make money and select our advertising partners . So, you’re looking for a new bank account. You’ve got several factors to consider — ATM access, interest rates, monthly account fees, minimum balances, online bill payments and more. Another factor: sign-up bonuses. Banks and credit unions frequently run promotions to entice prospective customers to open a new account — and they often come with cash. You have to meet specific criteria, such as making a minimum opening deposit, and generally the account must remain open for a certain amount of time — at least long enough to earn the cash bonus. Many banks offer such sign-up bonuses, but often, they aren’t advertised. We did some digging to find the best bank promotions currently on offer. Best Bank Bonuses and Promotions of September 2021 Keep an eye on what each promotion requires, as well as any limitat...

Is it time for you to open a bank account for your child? The best bank accounts for kids include features that help you teach them about money management, earning interest, and more. Kids’ checking accounts often include debit card usage too, which can be a great feature if you want your child to learn how to manage spending using a debit card. Here are the details regarding some of the best checking and savings accounts for getting your kids on the path to great money management in adulthood.  Table of Contents Best Checking Accounts for Under 18 Chase First Banking Copper Banking App Axos Bank First Checking Capital One MONEY Teen Checking Account Best Savings Accounts for Kids Capital One Kids Savings Account Alliant Credit Union Kids Savings Account Northpointe Bank Kids Savings First Internet Bank Tomorrow’s Tycoons Should You Open a Joint Account or a Custodial Account? What Do You Need to Open a Child’s Bank  Account?  What Happens to a Chi...