archiveEmily Hayes

Key Takeaways Foreclosed homes can seem like a great opportunity to save money on a home purchase, but be sure to investigate so you understand the risks. There are a few different ways to purchase a foreclosed home including a short sale, at auction, buying from the bank or buying from the government. Buying a foreclosed home is risky since you're purchasing the home "as is," and that can entail additional costs down the line. According to U.S. Foreclosure Market Reports, foreclosures are steadily increasing and are nearing pre-pandemic levels....

Key Takeaways The median savings account balance for all families in the U.S. was $8,000 in 2022. Generally, higher-income earners and older individuals save more than younger ones. Some experts suggest three to six months' living expenses as a goal. Are you curious how your savings stack up to other Americans? According to the Federal Reserve's most recent Survey of Consumer Finances, the median savings account balance for all families was $8,000 in 2022.Savings account balances can vary greatly depending on income, age, education and race. For example, people with...