Homeowners who secured adjustable-rate mortgages (ARMs) when interest rates were near historic lows may be in for an unpleasant surprise. As those introductory rates expire, some borrowers could see their monthly mortgage payments jump by hundreds of dollars or more.

Unlike fixed-rate mortgages, ARMs have interest rates that can change periodically after an initial fixed-rate period. For homeowners who locked in rates around 3% during the pandemic, the first adjustment could create a significant strain on their budgets.

Refinancing into a fixed-rate mortgage may seem like the easiest solution, but today's rates could make that an expensive move. Fortunately, there are other ways to prepare. Here are five steps to take before your ARM resets.

1. Find out when your ARM resets and what your new payment could be

If you financed your home with an ARM, your first step should be to confirm when your initial fixed-rate period ends.

For example, with a 5/1 ARM, the initial fixed interest rate period lasts for five years. Then, the annual adjustments start to kick in. With a 7/1 ARM, you can keep your initial mortgage rate for the first seven years. Some ARMs may even adjust rates every six months, so depending on your specific loan, your payments can vary quite a bit.

Your new interest rate typically depends on two factors: a benchmark index, such as the Secured Overnight Financing Rate (SOFR), and a fixed margin set by your lender. The index and margin are added together to determine your fully indexed rate.

Most ARMs have caps that limit how much the interest rate can increase at the first adjustment, at subsequent adjustments and over the life of the loan. Be sure to review your original loan documents or contact your mortgage servicer to confirm your reset date, index, margin and rate caps.

For most standard ARMs, your servicer must send an initial adjustment notice at least 210 days before the first payment at the adjusted rate is due, with certain exceptions. But you should definitely start planning and preparing before that notice arrives.

2. Run the numbers before refinancing into a fixed-rate mortgage

With an ARM, the biggest risk is that your interest rate could cause your mortgage payment to increase past an amount you're able to pay. This is where refinancing can come in handy. However, while refinancing can provide payment stability, it doesn't necessarily mean you'll save money.

If your ARM has a low introductory rate, refinancing before the reset could actually increase your monthly payment. Even after the interest rate adjusts, keeping your existing loan may be more affordable than replacing it with a new fixed-rate mortgage.

For example, let's say you have a $300,000 remaining mortgage balance with 25 years left on your loan. Your ARM's interest rate is increasing from 3% to 5%. Meanwhile, the average 30-year fixed-rate mortgage was 7.32% as of Oct. 22, 2026, according to Freddie Mac.

Here's how your monthly principal and interest payments would compare:

In this scenario, keeping the ARM would cost about $307 less per month, or $3,684 annually, than refinancing into a 30-year fixed-rate mortgage. However, the ARM could adjust again in the future, potentially increasing your payment further.

Refinancing might make more sense if you plan to stay in your home for many years, want predictable payments or expect your ARM rate to rise substantially.

Before making a decision, compare offers from multiple lenders and factor in closing costs, which commonly run around 2% to 5% of the loan amount. Also consider whether restarting a 30-year loan term would increase your total interest costs.

Refinancing isn't always the most affordable option, but comparing current mortgage rates can help you decide whether it's worth considering.

Use the tool below to explore today's refinance offers:

3. Consider making extra principal payments before your rate adjusts

Paying down your mortgage balance before your ARM resets could help reduce the financial impact of a higher interest rate. When your loan adjusts, the new principal and interest payment is generally calculated using your outstanding balance, adjusted interest rate and remaining repayment term.

Making extra principal payments could reduce the amount of interest you owe and potentially lower your payment when your ARM adjusts. However, extra payments won't necessarily reduce your required monthly payment right away.

Another option is a mortgage recast, which allows eligible borrowers to make a lump-sum principal payment and have their lender recalculate their monthly payment based on the lower balance. Not all loans qualify for recasting, and availability for ARMs varies by lender and loan type.

Before making extra payments, contact your mortgage servicer to find out how paying down your balance would affect your payment at the next adjustment and whether a recast is available.

Keep your emergency savings in mind, too. Putting thousands of dollars toward your mortgage could save you money on interest, but it also means having less cash available for unexpected expenses.

4. Talk to your mortgage servicer before you fall behind

If you're concerned about affording your new mortgage payment, you should contact your loan servicer as early as possible. Depending on your loan type, financial situation and eligibility, your servicer may offer assistance such as a loan modification or another mortgage relief program.

A loan modification changes certain terms of your existing mortgage, potentially making payments more manageable. While approval isn't guaranteed and some assistance programs require borrowers to meet specific hardship criteria, it’s worth exploring.

You can also speak with a HUD-approved housing counselor for free or low-cost guidance on managing your mortgage and reviewing available options.

If the higher payment would put a lasting strain on your finances, selling your home or downsizing may be worth considering, particularly if you've built substantial equity. Selling isn't an ideal solution for everyone, especially when moving expenses and the cost of purchasing another home are considered.

Still, exploring your options before falling behind could help you avoid more serious financial consequences.

5. Start preparing your budget for a higher mortgage payment

Homeowners who took out an ARM likely knew the day would come when their interest rate would increase. So one of the simplest ways to handle this is to prepare in advance so it doesn't have a huge financial impact.

First, estimate how much more you'll owe each month. If your payment is expected to rise by $400, that's an additional $4,800 per year you'll need to account for.

Review your current household spending and identify areas where you could free up cash. That might mean reducing discretionary purchases, canceling unused subscriptions or temporarily adjusting other savings goals.

You can also build a dedicated reserve to help cover the difference during the first several months after your rate changes. For example, if your mortgage payment is expected to increase by $400 per month, setting aside that amount for six months would give you a $2,400 cushion. It also provides an opportunity to test whether your budget can realistically handle the higher payment.

Remember that your mortgage rate isn't the only housing expense that could increase. Property taxes, homeowners insurance, HOA fees and maintenance costs can also affect your overall housing budget.

If you're approaching retirement or living on a fixed income, preparing for these expenses is especially important. A higher mortgage payment could leave less room for healthcare costs, travel or other financial priorities.

Don't wait until your ARM resets to prepare

An adjustable-rate mortgage reset doesn't automatically mean financial trouble, but it can create an expensive surprise if you're unprepared.

Before refinancing, review your loan terms and compare what your adjusted payment could look like against the cost of a new mortgage. Paying down principal, exploring assistance programs and building extra room in your budget may also help.

The earlier you start planning, the more options you'll have to manage a higher payment without disrupting your other financial goals.

If you're unsure how a higher mortgage payment could affect your long-term financial goals, a financial adviser can help you evaluate your options and create a plan.

Use the tool below to connect with a vetted financial professional:

Related Content:

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• My Mortgage Rate is 6.5%. Should I Refinance If Rates Fall By Half a Point
• Fixed vs. Adjustable-Rate Mortgages: Which Is Better for Buying a Home?

Finding the perfect holiday gift is one thing. Getting it to your loved ones without spending a fortune on shipping is another. This year, mailing presents could take a bigger chunk out of your holiday budget as USPS, UPS and FedEx introduce seasonal price increases.

All three major carriers have announced higher shipping costs for the 2026 holiday season, but the increases vary depending on the carrier, package size, destination and delivery speed. Some fees are relatively modest, while oversized packages could trigger much steeper charges.

Before you start wrapping and shipping gifts, here's what to know about this year's holiday shipping costs and how to keep them manageable.

Holiday shipping rates are increasing in 2026

Shipping gifts will cost a little more this holiday season as USPS, UPS and FedEx introduce temporary surcharges to cover increased demand. However, the timing and amount of these increases vary by carrier.

USPS incorporates its seasonal increases into shipping rates based on package weight and distance. UPS and FedEx generally apply separate surcharges, with higher fees during the busiest holiday shipping weeks.

Here's how the 2026 holiday shipping increases compare:

For most standard gifts, the seasonal increase may be relatively small. However, larger packages can trigger additional fees, and the total shipping cost also depends on the package's size, weight, destination and delivery speed.

That makes it important to compare the full shipping price rather than focusing on the holiday surcharge alone.

USPS vs. UPS vs. FedEx: Which is cheapest for holiday gifts?

While no single carrier is the cheapest hands-down, USPS is often a good starting option for smaller, lightweight gifts. But, UPS and FedEx may be more competitive for heavier packages or shipments that need to arrive on a tighter deadline.

To realistically compare each carrier, you need to consider the package weight and size dimensions along with the destination and delivery rate, so prices can vary widely.

In the table below, we compared estimated shipping costs for three package sizes sent from Chicago, Illinois, to Sevierville, Tennessee.

The shipping fees that can catch you by surprise

Holiday surcharges aren't the only thing to keep in mind when you're shipping gifts this holiday season. There are other factors that can increase the final price, whether it's the size or cost of the package, or residential and remote-area delivery fees.

Dimensional-weight pricing: Carriers may calculate shipping charges using either a package's actual weight or its dimensional weight, which reflects how much space it occupies. That means a large box containing a lightweight blanket could cost more to ship than you expect.

This is especially important when comparing different carriers.

Residential and remote-area delivery fees: UPS and FedEx may charge additional fees for deliveries to residential addresses or certain rural and remote locations. These charges can apply on top of holiday surcharges, making the final cost higher than the basic shipping rate.

Faster delivery and extra protection: The timeframe needed to get your package to its destination can also play a role in additional costs if you need to pay for expedited shipping. Insurance and signature confirmation can also increase costs if that’s something you need as well. Before purchasing additional coverage, check to see what's already included. For example, USPS Ground Advantage includes up to $100 in insurance coverage for qualifying shipments.

Packaging costs: Buying things like boxes, bubble wrap, tape and packaging materials at the shipment center will likely cost more than if you purchased them on your own beforehand. If you already have a box at home or can buy in advance, this could potentially cut some costs.

That said, be sure to check with the carrier to see if you can bring your own package and don't assume every carrier-provided box is free to use with any service. USPS Priority Mail packaging, for example, must be used with the appropriate Priority Mail service.

It's also worth checking whether your package exceeds a carrier's standard size limits. USPS applies nonstandard fees to certain oversized packages, including those exceeding specified length or volume thresholds.

Five ways to save on holiday shipping

It’s impossible to control shipping costs and surge charges especially around the holiday season. But with a little planning, you can reduce shipping expenses without worrying about whether your gifts will arrive on time.

1. Compare rates before shipping

Don't assume the carrier you used last year will offer the lowest prices this year. Instead, compare pricing ahead of time by using the shipping estimate calculators on each carrier’s website. Enter the same package dimensions, weight, destination and shipping date into each carrier's online calculator, and be sure to compare the total price, including surcharges and other fees.

2. Use the smallest appropriate packaging

A properly sized box can help you avoid unnecessary dimensional-weight charges. Reuse sturdy shipping boxes when possible and make sure fragile items have enough cushioning to prevent damage.

3. Ship early to avoid expedited delivery

Start gathering your items to ship early on to avoid expedited fees. Ground shipping is typically less expensive than overnight or two-day services. Mailing gifts earlier in December gives you more flexibility to choose an affordable delivery option rather than paying a premium at the last minute.

4. Look for online shipping discounts

Buying and printing a shipping label online can cost less than paying at the counter. USPS Click-N-Ship offers online pricing for eligible services, while UPS and FedEx may offer discounts through their websites or customer accounts. Compare the online price with the retail rate before heading to a shipping location.

5. Consider shipping directly from the retailer

If you're buying gifts online for someone who lives out of town, check whether the retailer can deliver directly to their address. Free shipping promotions or minimum-purchase offers could eliminate the expense of having an item delivered to your home and then paying to ship it again.

Don't let shipping costs eat into your holiday budget

Shipping a few holiday gifts may not seem that expensive, but realize the costs can add up quickly when you’re mailing presents to several friends or relatives, especially if they live pretty far away.

The best way to save is to consider shipping costs before purchasing gifts, compare carriers and leave enough time for standard ground delivery. And before choosing the cheapest option, check each carrier's holiday shipping deadlines to make sure your presents will arrive when you need them.

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If you have $100,000 to invest in CDs, you can put it all into one jumbo CD or spread it across several traditional CDs. Jumbo CDs work much like traditional CDs, where you deposit money for a specified term in exchange for a fixed annual percentage yield (APY). Withdrawing money before the CD matures can trigger an early withdrawal penalty.

The main difference is the deposit requirement. Traditionally, $100,000 has been a common threshold for jumbo CDs, although requirements vary by financial institution.

Having more money to deposit doesn't automatically mean you'll get a better rate, though. Some of today's regular CDs compete with, and occasionally beat, jumbo CD rates. That means it's worth comparing both before locking up a six-figure sum, especially if putting the full $100,000 into one CD would leave you with less financial flexibility.

One jumbo CD vs. multiple CDs

At first glance, depositing $100,000 into one jumbo CD can seem simpler. You have one account, one interest rate and one maturity date to remember.

But dividing that same $100,000 among several CDs gives you more control over when portions of your money become available.

Here are some of the biggest differences to consider:

That last point can become especially important when interest rates are moving. At its October policy meeting, the Federal Reserve voted to hold interest rates steady, maintaining its benchmark target range of 3.75% to 4%. However, that doesn't mean CD rates will remain unchanged. Banks can still adjust their rates based on market conditions and expectations about future Fed decisions.

Suppose you deposit the entire $100,000 into a three-year fixed-rate jumbo CD. If CD rates rise significantly six months later, you're still earning your original rate unless your CD offers a bump-up feature or you're willing to pay an early withdrawal penalty.

With several CDs maturing at different times, you'll have more frequent opportunities to reconsider your strategy.

When multiple CDs could make more sense

Splitting $100,000 among several CDs could be the better choice when flexibility matters as much as yield.

For example, perhaps you're saving the money for a home purchase, retirement expenses or another large goal but aren't certain when you'll need it. Rather than locking the full $100,000 away until one maturity date, you might divide it into four $25,000 CDs.

You could also create a basic CD ladder by choosing different terms. One CD might mature in six months, another in 12 months and another later. As each CD matures, you can withdraw the money if you need it, or roll it into a new CD at the rates available at that time.

You don't necessarily need to sacrifice yield for that flexibility. As of early October, some standard CDs were paying rates comparable to jumbo products, such as 4.30% or more for several terms, while some jumbo products were also in the low-to-mid 4% range.

Multiple CDs can also reduce the consequences of needing your money unexpectedly. If the entire $100,000 is in one jumbo CD, your options for an early withdrawal will depend on that institution's rules and penalties. With four $25,000 CDs, for instance, you may be able to break only one CD and leave the remaining $75,000 untouched.

You can also spread your CDs among different banks or credit unions, which can become useful when you're managing balances near federal deposit insurance limits.

If you're deciding how to manage a large amount of cash alongside your other savings and investments, a financial adviser can help you weigh liquidity, returns and your longer-term goals.

Use the tool below to connect with a vetted financial professional:

When a jumbo CD could make more sense

There are still situations where putting the full $100,000 into one CD is the more attractive option.

The clearest is when the jumbo CD pays a meaningfully higher rate than comparable traditional CDs. Some jumbo CDs currently pay above 4%. If you've shopped around and that jumbo rate beats what you could earn with regular CDs of similar terms, the extra interest may justify giving up some flexibility.

A jumbo CD can also be appealing if you value simplicity. Instead of opening and managing four or five CDs, you can make one deposit and keep track of one maturity date.

Just make sure you're reasonably confident you won't need the money before then. Ideally, you should have enough liquid savings outside the CD to cover emergencies and near-term expenses. CDs generally aren't the best place for money you could need at a moment's notice because early withdrawal penalties may apply.

Don't overlook FDIC insurance

When you're dealing with $100,000 or more in cash, deposit insurance deserves a closer look. The standard Federal Deposit Insurance Corporation (FDIC) insurance amount is $250,000 per depositor, per insured bank, for each account ownership category.

That last part matters. The limit isn't simply $250,000 for every account you open. Say you already have $175,000 in a savings account at an FDIC-insured bank and then open a $100,000 CD there. If both are single accounts in your name, the FDIC generally adds those deposits together when determining your coverage. That would give you $275,000 in that ownership category, putting $25,000 above the standard insurance limit.

Opening four $25,000 CDs at the same bank instead of one $100,000 CD wouldn't solve the problem. The FDIC looks at the total amount held in the same ownership category at the same insured institution.

Deposits at federally insured credit unions receive similar protection through the National Credit Union Share Insurance Fund, which is administered by the National Credit Union Administration (NCUA). Single-owner accounts at federally insured credit unions are generally insured up to $250,000, with separate coverage available for certain other ownership categories.

If you have substantial cash savings, spreading CDs among different insured institutions can be one way to keep more of your deposits within applicable insurance limits.

What would $100,000 earn?

If you put $100,000 into a one-year CD earning 4.30% APY, you'd earn approximately:

$100,000 × 4.30% = $4,300

That would bring your balance to approximately $104,300 after one year, assuming you leave the principal and interest in the account for the full term.

Now consider splitting the same $100,000 among four one-year traditional CDs from different institutions, earning 4.35%, 4.30%, 4.30% and 4.25% APY.

Here's what $25,000 deposited at each rate would earn over one year:

• $25,000 at 4.35% = $1,087.50
• $25,000 at 4.30% = $1,075
• $25,000 at 4.30% = $1,075
• $25,000 at 4.25% = $1,062.50

Total interest: $4,300

In this example, the earnings are essentially identical: $4,300 either way.

Of course, rates change frequently, and these aren't necessarily the accounts or rates you'll find when you're ready to open a CD. But the example illustrates an important point: Qualifying for a jumbo CD doesn't necessarily mean you'll earn more money.

Even when the jumbo CD does pay more, consider how much the difference is actually worth. For example, a 0.10-percentage-point advantage on $100,000 amounts to roughly $100 in additional interest over one year.

You might decide that extra $100 is worth locking the entire balance into one CD for a year. Or you might prefer having portions of your money available at different times.

The rate matters, but so does what you're giving up to get it.

One jumbo CD or several CDs?

Don't choose a jumbo CD simply because you have enough money to qualify for one. The best option depends on the rates available, when you'll need the money and how much flexibility you want.

If a jumbo CD offers a meaningfully higher APY and you won't need the money before maturity, locking in one rate could make sense. But if rates are comparable, spreading your savings across several CDs with different maturity dates could give you more flexibility.

Before making a decision, compare today's top CD rates and terms to see which options fit your savings goals.

Use the tool below to compare today's top CD account offers:

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When I was a kid, my parents worked hard to buy our family's first home. It was an older house, and after years of apartment living, we weren't quite prepared for all the strange noises that came with it.

Those first few nights were terrifying. Something was scratching deep inside my bedroom closet, and I was convinced something sinister was trying to get out. After conducting my own intense investigation, which involved throwing a shoe into the dark abyss and hoping for the best, I called in reinforcements. My parents eventually investigated the mysterious ghoul lurking in my closet, only to discover the culprits were squirrels living inside the walls.

Fortunately, our haunting had a perfectly reasonable explanation and resolution. But not every strange noise or unexplained occurrence in a home is harmless.

From flickering lights to mysterious smells and creaking floors, your house could be trying to tell you something. And while the explanation probably isn't supernatural, ignoring these warning signs could lead to some frighteningly expensive home repairs.

Here are seven spooky signs to watch for and what they could mean for your home and your wallet.

1. Doors that open or close on their own

There's something unsettling about watching a door slowly creak open when nobody is on the other side. Before you blame a ghost, though, there are a few perfectly reasonable explanations.

Loose hinges, uneven floors and changes in air pressure can cause doors to swing open or shut on their own. Temperature and humidity changes can also cause wood to expand and contract, affecting how doors fit in their frames.

Some settling is a normal part of homeownership, especially as a house ages. Small cracks in drywall or around door frames aren't necessarily signs of serious structural problems. Even newer homes can experience minor settling.

However, if several doors suddenly start sticking, won't latch properly or look crooked, it could be a sign of foundation movement or another structural issue. Cracks that continue to widen or uneven floors are additional warning signs worth investigating.

The financial fright: A loose hinge might take just a few minutes and a screwdriver to fix. Significant foundation repairs, on the other hand, can cost thousands of dollars.

If you suspect a structural problem, a professional foundation inspection typically costs between $300 and $1,000, according to HomeGuide. An independent structural engineer may cost more but can help determine whether repairs are actually necessary before you commit to an expensive project.

2. Lights that flicker without explanation

Flickering lights are a classic sign of a haunted house in horror movies, but in real life, they could be warning you about an electrical problem.

Sometimes the explanation is simple. A loose light bulb, an aging fixture or a large appliance drawing power can cause lights to flicker or briefly dim. However, persistent flickering could indicate overloaded circuits, loose electrical connections or deteriorating wiring.

Pay attention if the flickering is accompanied by buzzing outlets, unusually warm switches, burning smells or circuit breakers that frequently trip. These could be signs of a potentially dangerous electrical problem that warrants a call to a licensed electrician.

Homeowners can also use technology to help monitor potential electrical hazards. A Ting sensor plugs into an outlet and monitors electrical signals for patterns associated with potential fire hazards. An infrared thermometer, sometimes called a laser temperature gun, can help identify unusually warm outlet covers or electrical panels without touching them. However, these tools can't detect every electrical hazard or replace a professional inspection.

The financial fright: According to Angi, a professional electrical inspection typically costs between $75 and $500, with homeowners paying around $150 on average.

I learned firsthand why it's worth investigating flickering lights. What I initially thought was a loose light bulb turned out to be frayed wiring hidden behind the drywall of one of my rental properties. It cost $800 to locate and repair the problem, but that's a drop in the bucket compared with the potential damage and expense of an electrical fire.

3. Cold spots in otherwise warm rooms

Ever walked into a room and felt an unexplained chill, even though the rest of the house is perfectly comfortable? Before you assume a ghost is hanging around, consider whether your home is losing heat.

Cold spots are often caused by drafts, insufficient insulation or poorly sealed windows and doors. Missing insulation inside walls can also create noticeable temperature differences, particularly in older homes. Sometimes the problem isn't insulation at all. Blocked vents, leaking ductwork or uneven airflow from your heating system can leave certain rooms feeling colder than others.

Start by checking for drafts around windows and doors, making sure heating vents aren't blocked by furniture and looking for gaps in accessible ductwork. You may also want to consider a home energy audit to identify areas where your home is losing heat. Depending on the type of audit, a professional may use thermal imaging, blower door testing or other diagnostic tools to pinpoint air leaks and insulation problems.

The financial fright: Those mysterious cold spots could be driving up your utility bills. According to Angi, a professional home energy audit typically costs between $212 and $698, depending on your home's size, location and the type of testing involved.

Additional diagnostic tests or follow-up visits may cost extra. Before paying out of pocket, check with your utility company to see if it offers free or discounted energy assessments. An audit could help you prioritize improvements that reduce energy waste rather than spending money on repairs you might not need.

4. Mysterious knocking behind the walls

Hearing unexplained knocking, tapping or scratching behind your walls can make you wonder what's lurking on the other side. As I learned from the squirrels living in my childhood bedroom closet, sometimes there really is something hiding in there.

But not every mysterious noise means you have unwanted houseghosts. Banging or knocking sounds could be caused by water hammer, which occurs when flowing water suddenly stops or changes direction, creating a pressure surge in your plumbing. Pipes and ductwork can also make popping or tapping noises as they expand and contract with temperature changes.

• Pay attention to when the noises occur. Banging shortly after turning off a faucet or running the washing machine could point to a plumbing issue.
• Popping sounds when the furnace kicks on may be related to expanding ductwork.
• Irregular scratching, scurrying or gnawing sounds, especially at night, could indicate mice, squirrels or other pests have found their way inside.

If the noises persist, consider calling a plumber, HVAC technician or pest control professional, depending on the suspected source. Ghostbusters should probably be last on your list.

The financial fright: Ignoring these sounds could lead to more than a few sleepless nights. Repeated water hammer can stress plumbing connections and contribute to leaks and water damage.

Rodents can chew through insulation and electrical wiring, creating expensive repairs and potential fire hazards. Identifying the source early could save you from a much bigger problem hiding behind your walls.

5. Musty smells that come and go

Sometimes your nose knows something is wrong before you see any signs of trouble. After years of walking through homes as a real estate agent, I've found that my sense of smell is often the first thing to alert me to a problem, whether it's a gas leak, hidden water damage or stagnant water.

A mysterious musty or earthy smell that comes and goes could indicate excess moisture, a hidden leak or poor ventilation. Basements, crawl spaces, bathrooms and areas around windows are common trouble spots. You might notice the odor more after heavy rain or during periods of high humidity.

Just because you can't see water damage doesn't mean it isn't there. Moisture can collect behind drywall, underneath carpeting or inside wall cavities long before visible stains appear. Look for discoloration, peeling paint, condensation, damp flooring or soft spots around windows and baseboards.

If the smell keeps returning, try to identify when and where it's strongest. A moisture meter or professional inspection may help uncover a hidden problem before it spreads.

The financial fright: A small leak left unchecked can lead to damaged drywall, rotting subfloors, ruined insulation and mold growth. What might have been a relatively inexpensive plumbing repair could turn into a much larger restoration project. Finding the source of the moisture early is often the best way to keep repair costs under control.

One important distinction: A rotten-egg or sulfur-like odor could indicate a natural gas leak, not a moisture problem. If you suspect a gas leak, leave the home immediately without operating electrical switches or appliances and contact your gas utility or emergency services from a safe location.

6. Windows that rattle or whistle

A howling wind outside might set the mood for a spooky night, but hearing it whistle through your windows when they're tightly shut is another story. Those eerie sounds could mean your home is letting in more than just a little fresh air.

Over time, weatherstripping can deteriorate, caulking can crack and window components can loosen. These small gaps allow outside air to sneak inside, creating whistling sounds and uncomfortable drafts. Windows may also rattle during strong winds if the glass or frame isn't properly secured. In some cases, the problem could be related to improper installation or damaged window components.

Before assuming you need new windows, check for worn weatherstripping, cracked caulking and visible gaps around the frames. Replacing weatherstripping or sealing small gaps can be an inexpensive DIY project. However, windows that shift in their frames, won't close securely or show signs of water damage may need professional attention.

The financial fright: Drafty windows can increase your heating and cooling bills, but replacing them isn't always necessary. According to a 2026 survey by This Old House, homeowners pay an average of $517 per installed replacement window, with total replacement projects averaging $7,183.

Before making that investment, consider less expensive fixes. A relatively small repair could stop the howling without the expense of replacing an otherwise functional window.

7. Floors that suddenly creak or feel uneven

Every haunted house seems to have a staircase that creaks when nobody's walking on it. Fortunately, a squeaky floor in your home doesn't necessarily mean something sinister is lurking beneath it.

Creaking floors are common, especially in older homes. Wood naturally expands and contracts with changes in temperature and humidity, and loose nails or subfloor fasteners can cause floorboards to squeak when you walk across them. In many cases, these noises are simply part of a home's character.

However, new or worsening creaks, sagging floors or areas that suddenly feel soft underfoot could signal a more serious problem. Moisture damage, deteriorating subfloors, weakened floor joists or foundation movement can all affect the stability of your flooring. Other warning signs include cracks appearing along walls or doors that no longer close properly.

If you notice these changes, consider having a flooring contractor evaluate the problem. For significant sagging, sudden changes in floor level or other signs of structural movement, an independent structural engineer can help determine what's happening beneath your feet.

The financial fright: Fixing a squeaky floor might be as simple as securing loose floorboards, but repairing damaged joists or structural components can cost thousands of dollars.

According to Angi, hiring a structural engineer typically costs several hundred to a few thousand dollars, depending on the scope of the inspection and whether a detailed engineering report is needed. Getting an independent assessment could help you avoid unnecessary repairs while identifying serious problems before they become more expensive.

When your house is trying to tell you something

Not every strange noise, mysterious smell or flickering light means your home needs expensive repairs. Houses naturally settle, materials expand and contract with temperature changes and mechanical systems make noise. The trick is knowing what's normal and when something deserves a closer look.

Pay attention to patterns. Does the knocking start when the furnace kicks on? Does a musty smell appear after heavy rain? Does the banging happen when you turn off a faucet? These details can help you narrow down the source of a problem.

Document anything unusual with photos, videos or notes about when it happens. If the problem persists or gets worse, consider calling a qualified professional. Electrical hazards, unexplained moisture and sudden structural changes shouldn't be ignored.

It's also a good idea to maintain an emergency home repair fund. Even well-maintained homes can surprise you with unexpected expenses, and having money set aside can make it easier to address problems before they become more costly.

The next time your house goes bump in the night, don't call a ghost hunter. Pay attention to what your home might be telling you. After all, the scariest thing lurking behind your walls could be a repair bill you didn't see coming.

Unexpected home repairs can put a strain on your budget, especially when the damage is extensive. If you have built up equity in your home, a home equity loan or home equity line of credit (HELOC) could help cover major repair expenses.

Compare current home equity rates and explore your borrowing options with the tool below:

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While eating Thanksgiving dinner with loved ones is a meaningful holiday tradition, gathering and preparing all the dishes has become more expensive. With grocery prices creeping higher this year, many households are looking for ways to save on their favorite Thanksgiving dishes this holiday season.

Several major retailers have responded to this by offering Thanksgiving meal bundles that can feed an entire family for less than $50.

These deals typically include items such as a turkey, potatoes, stuffing, vegetables and other holiday staples at a discounted price. Some retailers advertise meals for as little as $4 or $5 per serving, making it easier to host Thanksgiving without spending hundreds of dollars at the grocery store.

But not all holiday meal deals offer the same value. Some require additional ingredients, while others include larger turkeys, desserts or ready-to-heat dishes. Before filling your cart, it's worth comparing what's included and how much you'll spend.

Which retailer offers the most affordable Thanksgiving dinner?

The retailers that offer the most affordable Thanksgiving dinner options tend to offer bundled shopping lists that you can add to your cart with all the basic main and side dishes for a traditional Thanksgiving dinner.

This is a convenient way to gather everything you need in one place and stay within your budget. When comparing options, keep in mind that the amount of food and preparation required can vary considerably.

This year, Lidl offers the cheapest Thanksgiving meal per person at $3.59, but it’s not too far off from Aldi's deal at less than $3.90 per person. However, Aldi includes a larger 16-pound turkey compared with Lidl's 14-pound turkey and doesn't require a loyalty membership.

Wegmans and Kroger also offer meals for less than $5 per person, while Target's $30 dinner is an affordable option for smaller gatherings of six. Winn-Dixie has a traditional Thanksgiving meal for $38.90.

For shoppers looking to spend less time in the kitchen, several retailers offer prepared holiday meals. Winn-Dixie has a heat-and-serve option, while Publix's prepared dinners start around $70 for eight people.

Sam's Club offers a larger spread serving up to 16 for approximately $160. The Honey Baked Ham Company also sells fully cooked turkey and ham dinners with ready-to-heat sides, with prices varying by package.

What Thanksgiving meal deals might leave out

While a Thanksgiving meal deal for under $50 may sound like a great value, the advertised price might not reflect everything you'll spend.

Retailers such as Aldi, Lidl and Kroger offer discounted ingredients for traditional holiday meals, but their shopping lists might leave out essentials such as milk, butter, eggs, cooking oil and seasonings. These extras can add up quickly, especially if you're cooking from scratch or need larger portions to feed more guests.

Some deals also require shoppers to purchase specific store brands or package sizes to get the advertised price. Prices and availability can vary by location, so your final grocery bill might be higher than expected.

Before shopping, check whether a loyalty membership is required. Lidl's Thanksgiving deal requires a free Lidl Plus account, while warehouse clubs such as Sam's Club and Costco charge an annual membership fee.

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• Walmart and Sam's Club Just Launched a $120 Membership Deal Ahead of the Holidays

Bundling isn't just for home and auto insurance anymore. Walmart and Sam's Club are taking a similar approach, giving shoppers a way to save by combining two memberships.

Launched on October 20, the new bundle combines Walmart+ and Sam's Club Plus for $120 a year. Purchased separately, the memberships would cost $218 annually, making the bundle a potential $98 savings.

With holiday shopping around the corner, the timing couldn't be better for shoppers looking to stretch their budgets. But before signing up, here's what you need to know about the benefits, savings and a few catches worth considering.

What if you already have a Walmart+ or Sam's Club membership?

If you're already paying for Walmart+ or Sam's Club, you don't have to wait until your membership expires to take advantage of the new bundle. Walmart is offering several upgrade options, depending on which membership you currently have.

For households that regularly shop at both retailers, this could mean keeping the benefits they already use while paying less each year.

Here's how the membership options compare:

Is the new membership worth it before the holidays?

For households that regularly shop at both retailers, the new bundle could be an easy way to save without changing shopping habits. Buying groceries in bulk at Sam's Club and picking up everyday essentials at Walmart can be especially useful during the holidays, when grocery bills and to-do lists tend to grow.

My family already has memberships at both retailers, and we've found having both worthwhile. With a busy household and both stores nearby, we have the flexibility to shop where it makes the most sense.

There are a few catches to consider, though. Free scheduled delivery requires a minimum $35 order at Walmart and $50 at Sam's Club. The 2% Sam's Cash benefit applies only to eligible purchases, and the new bundle doesn't come with a free trial. It also renews automatically each year unless you cancel.

Before switching, check how you're currently paying for Walmart+. The American Express Platinum Card® and and the American Express® Business Gold Card offer statement credits that cover the monthly Walmart+ membership fee, up to $155 annually.

Switching to the new annual bundle means losing those credits. Members receiving discounted memberships through AARP, USAA or other promotional offers could also lose their existing savings. Check your benefits before making the switch.

Ultimately, the $120 bundle makes the most sense if you already shop at both stores or plan to use the benefits regularly. Consider how often you visit each retailer, whether you'd use the delivery services and what you're currently paying for memberships. The potential $98 savings is appealing, but only if you're getting your money's worth.

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My mom died unexpectedly one month after creating her will. She was sure to include a clause that funds from her estate could be used to cover costs, like her memorial service, and had spoken to me about how she'd named me executor and how she made sure money was available for those immediate expenses.

Though she'd planned to make the process as logistically and financially simple for me as possible through her estate planning, that quickly changed after her death. My mom's death was unattended, and the state of Massachusetts performed an autopsy. Months later, we still don't have the results. I have a death certificate listing her cause of death as pending, and her bank won't accept it, so I can't do something as simple as deposit her vacation payout from her employer. I won't have access to her estate funds anytime soon, and despite having a will, her estate has to go through probate.

My family's situation isn't unusual, and it's added financial stress to an emotionally turbulent time. I spoke with three attorneys to learn about why this happens and what you can do to avoid this. Here are five situations that might happen after a death despite your estate planning efforts. These situations may delay your heirs from being able to access the money you set aside for immediate expenses like funeral or memorial service costs, mortgage payments and more.

1. A death certificate may create challenges for your beneficiaries

A death certificate is a legal document that includes details about a death, including its date, time, location and cause. It's needed to begin the probate process, access or close bank accounts, claim a life insurance policy and more. If you've left money in a bank account to be used for expenses after your death, your beneficiaries will need a death certificate to access that account.

Things get more complex if an autopsy is performed. In some situations, a cause of death is clearly evident, but in others, it can be more complicated, necessitating an autopsy. Autopsies are particularly important and common when someone passes away at a young age, and they can provide a family with important peace of mind.

If an autopsy is performed, beneficiaries may receive a death certificate listing the cause of death as pending. When the autopsy results are available, that certificate can be updated to reflect the official cause of death.

Several financial transactions may require an official cause of death. "With a lot of financial assets, especially life insurance, the cause of death ultimately determines if the funds get paid out and how much they get paid out," says Kelsey Simasko, Attorney at Simasko Law. Since many life insurance policies have exclusions for suicide, illegal drug use or deaths that occur in a felony, life insurance won't pay out a policy until the insurer knows how an individual died.

"A lot of life insurance policies have riders for accidental death, so you need the official cause to determine if it's accidental and if the family should be paid out triple the policy," says Simasko.

Banks and credit unions may or may not accept a death certificate listing a cause of death as pending. According to Simasko, such financial institutions operate according to their own internal policies regarding whether to accept a death certificate with a pending cause of death. Most institutions would rather be safe than sorry, so beneficiaries may not be able to access an account at all until they have a death certificate with an official cause of death.

2. Autopsy results could delay a final death certificate

If an autopsy is performed, a beneficiary may need to wait on the final autopsy report before being able to proceed with tasks like accessing a bank account or claiming a life insurance policy. Unfortunately, the amount of time that a family may wait for a final report and death certificate may very significantly.

Benjamin Trujillo, Partner J.D., LL.M. at MONETA, explains that while the autopsy may be completed quickly after a death, toxicology and other laboratory work can extend that timeline. "Some tests can take more than a year with a backed-up lab," he says.

Simasko adds that location also affects autopsy processing timelines. Highly populous counties, such as those encompassing major cities, typically have a much larger backlog of autopsies to perform and process. In contrast, the process will likely be much faster in a small county.

3. Your bank account might be automatically frozen

Financial institutions often automatically freeze a bank account after the account holder dies. According to Elizabeth Acevedo, Shareholder/Director at Weinstock Manion, this can occur if someone calls and notifies the bank, or if a staff member sees an obituary in the news.

When older adults pass away, account freezes may be caused by benefits. "One of the most common things that triggers [an account freeze] is if the person was receiving any benefits," Acevedo says, such as Social Security benefits. "The Social Security Administration is one of the first ones to learn of the death, and they're the first to recover any additional payments that have been made. This often alerts banks."

According to Simasko, once an account is frozen, a beneficiary listed on the account will have to fill out paperwork to be able to access the account. If there's no beneficiary, a bank can't release any money until they receive an order from the probate court.

Trujillo explains that people are often surprised that being named as executor in a will doesn't necessarily give them immediate authority over the deceased person's assets. "You are nominated in the will, but you typically receive your legal authority through the probate process and after receiving what is called 'letters testamentary,'" he explains. Letters testamentary are legal documents issued by a probate court that give an executor the authority to manage an estate.

4. Your estate may have to go through probate

It's a common misconception that a will allows your beneficiaries to easily access your estate, but many people don't realize that a will must pass through probate.

According to Kiplinger's Trillion Dollar Talk survey, conducted by Morning Consult, 41% of parents have a will. But having one doesn't necessarily mean their loved ones can avoid probate.

"Having a will does not avoid probate — it almost guarantees some probate," says Trujillo. He explains that the will identifies who should receive the property left in the estate and who should administer the estate, but probate, the legal process of putting those instructions into effect, is overseen by the court.

Small estates may qualify to avoid the probate process, but the threshold for small estates varies significantly by state. In Massachusetts, that threshold is $25,000, excluding the value of a car. In California, the threshold is $107,900 for deaths occurring on or after April 1, 2025.

Many people are also surprised by the cost of the probate process. In addition to possibly retaining a lawyer, the court charges fees, including fees to open and administer probate, plus an inventory fee. In some counties, an inventory fee is a percentage of the total value of the estate's assets, while other counties charge a flat fee based on the asset value.

The probate timeline may vary, potentially taking months to years. Acevedo explains that the probate duration can depend on many factors, including how busy the court is and when hearings are set. "When I file a petition to close an estate, it's likely the hearing will be set three months from now," she explains. "There's just this drawn-out period that is truly a function of the fact that you are in court."

The decedent's organization can also impact the duration of probate. The process of unearthing assets can be time-consuming and challenging, especially if a beneficiary can't get into the decedent's email account. In such a situation, the process might involve reaching out to a CPA, going through mail, reviewing prior tax returns to identify income sources and running title searches.

5. Your beneficiaries might pay significant expenses out of pocket

Even if you have a will, your beneficiaries may not be able to access the money you'd set aside for immediate expenses after your death. They may have to cover those costs out of pocket.

Funeral costs may be substantial, and many people underestimate the costs. According to the Choice Mutual 2025 Funeral Cost Perception Report, more than half of adults ages 45 and older estimate funeral costs to be less than $10,000. However, experts report that when you account for expenses like the services, casket, printed materials and body transportation and preparation, costs can quickly approach $15,000 to $20,000.

Cremation is a lower-cost alternative. The National Funeral Directors Association reports that the median cost of a cremation, including a memorial service and body viewing, is $6,280. However, costs can still vary significantly by state.

Simasko says that families may have some flexibility in these situations. She notes that funeral homes understand that it often takes families some time to get their finances lined up, and they're typically willing to send a family a bill.

She adds that mortgages can often be left unpaid for about three months before a mortgage lender starts to talk about foreclosure. If a family can't cover the first mortgage payment, they may be able to miss that one payment and then pay it back once they have access to the funds. She encourages families to proactively contact the mortgage company and let them know about what's going on.

If a beneficiary pays for expenses out of pocket, it's essential to keep detailed receipts, including copies of checks or direct payments made from a bank account. Beneficiaries can submit those receipts to get paid back later on.

7 ways to make accessing funds simple for beneficiaries after your death

• Prepay for a funeral or cremation: Prepaying for a funeral or cremation allows you to cover the costs in advance, leaving your family with one less expense. There are a couple of drawbacks to be aware of. If the funeral home should close, it might be difficult to transfer the contract. If you and your family move and no longer want to use that funeral home, you generally can't use the contract elsewhere.  
• Consider final expense insurance: Final expense insurance is a permanent life insurance policy that helps cover expenses like funeral costs, legal fees for end-of-life documents and some other related costs. This type of policy usually has a lower premium and a smaller payout than a traditional life insurance policy, and it's an alternative to prepaying for services.
• Open a joint account: Consider opening a joint account specifically for funds to be used for end-of-life costs and other immediate expenses. You can add a beneficiary to the account as a joint user, which may help them access the funds sooner. Trujillo cautions that joint ownership of accounts may have unintended gift tax consequences, particularly if the money is used to benefit the survivor, and not the estate, so consider speaking with a tax professional when you create the account.
• Create and maintain your will: A will is important, and it identifies which assets you want to go to each beneficiary. Make sure that you create a will and keep it updated if your wishes change.
• Consider a living trust: Acevedo recommends creating a living trust in addition to a will. "The living trust operates like a will, and I have my clients move their assets into the name of their living trust during their lifetime," she explains. Instead of having to go through court, the beneficiaries take a change of trustee document and a tax ID number to the bank and are able to access accounts much faster than through the probate process.
• Add a beneficiary to your accounts: Beneficiary designations on your retirement accounts and life insurance are also essential. Trujillo cautions that retirement accounts and life insurance benefits usually pass according to the beneficiary designation, not according to the will, so be sure to keep those designations updated if your plans change.
• Leave documentation: Make sure your will executor knows how to access your financial information and estate planning documents. Keep copies of essential details, like a list of bank accounts, retirement accounts, income sources and email addresses and passwords, and share their location with the executor in advance. Having this information organized and accessible can save your beneficiaries time and stress.

Looking forward

Estate planning may be expensive, and Simasko estimates that most people will pay several thousand dollars upfront, but that investment may help save your beneficiaries both money and time. "Estate planning is so much less expensive than fees beneficiaries are facing when going through probate," she says.

Laws vary by location, so consider speaking with a lawyer specializing in estate planning in your state. Discuss your goals, including your wishes for funds to be easily accessible to cover immediate costs, and ask whether your current estate plans are sufficient or need to be improved to meet that goal.

Taking a second look at your plans may help avoid unexpected situations, making the overall process easier for your beneficiaries.

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A financial adviser can help you make sense of your finances, set realistic goals and develop a plan to achieve them. But a little preparation before your first meeting can help you get more out of the conversation.

Start by identifying your top three financial goals or concerns. Consider both your short- and long-term priorities, whether that's paying down debt, saving for a home or planning for retirement. Knowing what matters most to you will help the adviser understand your needs and recommend a path forward.

You don't need to have all the answers before your first meeting. The goal is to come prepared with a clear picture of your priorities and questions. This will help you make the most of your time and determine whether the adviser is the right fit for your financial needs.

Gather a snapshot of your finances

To help your financial adviser get a clear picture of your financial situation, gather a few key documents before your first meeting. These include:

• Recent pay stubs or other proof of income
• Most recent federal income tax return
• Current checking and savings account balances
• 401(k), IRA, pension and other retirement account statements
• Brokerage and other investment account statements
• Mortgage statements showing your balance, interest rate and monthly payment
• Credit card, auto loan, student loan and other outstanding debt balances
• Social Security benefit estimate, if applicable
• Life, disability and long-term care insurance policy details
• Will, trust and other estate planning documents, if applicable
• Employee benefits information, including retirement plans, insurance and stock options

Your adviser may ask you to upload these documents to a secure online portal before your appointment or bring them to the meeting. Don't worry if you can't find everything on the list. Bring what you have and follow up with any missing documents afterward. There's no need to delay your first meeting.

Know where your money is going

It’s helpful for your financial adviser to understand where your money goes each month; with that information, they can help you decide how to best save and invest your money to meet upcoming expenses or goals.

Estimate your typical monthly spending. If you have a budget, that can be a good place to start, since it outlines your recurring expenses. Identify any major recurring expenses, like your mortgage, health insurance and car and home insurance costs, and make sure you factor these expenses into your monthly spending.

It’s also important to flag any large expenses coming in the next few years, such as:

• Buying a home or making major renovations
• College tuition or other education expenses
• Major travel or vacations
• Purchasing or replacing a vehicle
• Medical expenses or planned procedures
• Retirement or a planned career change
• Supporting aging parents or other family members
• Weddings or other major family events

Be sure to account for any income that varies throughout the year, such as commissions, bonuses, freelance earnings, rental income or stock-based compensation. Let your adviser know if you expect any significant changes to your income, too.

Be ready to talk about more than money

During your first meeting with a financial adviser, you won't just talk about the specifics of your saving and spending. An adviser might ask you questions to better understand your priorities and attitudes about money, such as:

• At what age would you like to retire?
• What does your ideal retirement look like?
• How comfortable are you with investment risk and potential market losses?
• Does anyone depend on you financially, such as children or aging parents?
• Do you expect to receive an inheritance?
• Do you want to leave an inheritance for your family or other beneficiaries?
• Is charitable giving important to you?
• What are your biggest financial concerns?
• Do you anticipate any major life changes, such as marriage, divorce, a career change or relocation?
• How confident do you feel about managing your finances?
• Would you prefer to be actively involved in financial decisions or have an adviser take a more hands-on role?

Prepare questions for the financial adviser

Your first meeting with a financial adviser gives you a chance to get to know them and make sure that they’re the right fit for your needs, too. Don't be afraid to ask about their experience, qualifications, fees and approach to financial planning. Come prepared with a few questions to ask, including:

• How are you compensated, and do you earn commissions?
• What will I pay in fees, and are there any additional costs?
• What financial planning and investment management services are included?
• What professional credentials and certifications do you hold?
• Do you regularly work with clients who have financial goals and circumstances similar to mine?
• Do you have minimum investment or account balance requirements?
• What is your approach to investing and managing risk?
• Who will manage my investments and oversee my financial plan?
• How often will we meet to review my financial plan?
• How will we communicate between meetings?
• How will we measure progress toward my financial goals?
• Are there any potential conflicts of interest I should know about?
• How can I verify your credentials and check your disciplinary history?

Understand how financial advisers get paid

Financial advisers may be compensated in several ways, and that structure can affect what you pay. Don't hesitate to ask about how the adviser is paid, and then ask any follow-up questions you might have about how the structure affects your costs.

Your adviser should be willing to help you understand how their structure works, but here are a few common fee structures for financial advice that advisers may use:

• Assets under management (AUM): Adviser charges a percentage of the assets they manage for you
• Flat fee: Client pays a set amount for a financial plan or ongoing advice
• Hourly fee: Adviser charges for the time spent providing advice
• Subscription or retainer: Client pays a recurring monthly, quarterly or annual fee
• Commissions: Adviser may receive compensation when a client purchases certain investments, insurance products or other financial products
• Combination: Some advisers use more than one compensation method

Fee-only and fee-based advisers may sound similar, but there's an important distinction.

Fee-only advisers are compensated directly by their clients and don't earn commissions from selling financial products.

Fee-based advisers also charge clients for their services, but they may earn commissions from recommending or selling certain investments, insurance policies or other financial products.

To understand what you'll actually pay, ask the adviser to explain their fees in dollars, not just percentages. Find out which services are included, such as financial planning, investment management, tax planning or estate planning guidance.

Also, ask about additional costs, including investment fund expenses, trading fees or account maintenance charges. These expenses may not be included in the adviser's fee and can add up over time.

Know what happens after the first meeting

After your first meeting, your financial adviser may ask for additional documents or schedule a follow-up appointment to discuss their recommendations. Ask when you can expect to receive a financial plan and what steps you'll need to take next.

You may also receive an engagement agreement outlining the services the adviser will provide, their responsibilities and the fees you'll pay. Review the agreement carefully and ask questions about anything you don't understand before signing.

Don't feel pressured to make a decision right away. Take the time to choose a financial adviser you trust, feel comfortable working with and believe can help you achieve your financial goals.

Don't feel pressured to make a decision that day

You don't need to have your finances perfectly organized before meeting with an adviser. What's more important is having a clear understanding of your financial goals and being prepared to discuss your priorities. Remember, the first meeting is just as much about evaluating the adviser as it is about reviewing your finances.

By the end of the meeting, you should understand what services the adviser offers, how much you'll pay and what to expect next. Most importantly, you should feel confident that they're someone you can trust to help you reach your financial goals.

Use the tool below to connect with a financial professional who can help:

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Homeowners insurance rates naturally go up over time, but State Farm has just increased homeowners insurance rates in Illinois for the second year in a row. The 8% increase follows a more significant 27.2% State Farm insurance rate hike in 2025 that drew criticism from many.

According to State Farm, the 8% increase will add about $10 per month to the average Illinois homeowner's insurance bill, though individual increases will vary. The higher rates took effect for new policies on October 1, 2026, and existing policyholders will begin seeing increases when their policies renew starting in December.

State Farm's rate hike reflects a broader trend of rising homeowners insurance costs nationwide. Even if you're not affected by the increase in Illinois, you could face higher premiums when your policy renews. Understanding what's driving these increases can help you prepare for higher costs and identify opportunities to lower your home insurance premium.

Why State Farm is raising homeowners insurance rates again

According to State Farm, the rate increase is driven by losses caused by extreme weather. The University Corporation for Atmospheric Research (UCAR) reports that as the U.S. warms faster than the global average, storms are more likely to form in that warmer environment.

During the 1980s, the U.S. averaged just three billion-dollar weather disasters annually, each causing at least $1 billion in damage. By 2024, that number had climbed to 27, including 17 severe storms involving tornadoes, hail and straight-line winds.

As severe storms become more frequent, insurers pay out more in claims to repair or replace insured property. Rebuilding expenses have also increased, driven up by higher material and labor costs.

Rising homeowners insurance costs aren't limited to Illinois. Homeowners nationwide are feeling the pressure as premiums continue to climb. According to a report from the National Association of Insurance Commissioners, homeowners insurance premiums rose faster than inflation between 2018 and 2024, putting additional strain on household budgets.

How much more could homeowners pay?

For Illinois homeowners insured by State Farm, an 8% rate increase could add hundreds of dollars to their annual insurance costs, depending on their current premiums. Here's what that increase could look like at different price points.

Figures are hypothetical and illustrate an 8% premium increase. Actual increases will vary by policyholder.

For homeowners who pay their insurance premiums through a mortgage escrow account, higher insurance costs can also mean higher monthly mortgage payments. Even with a fixed-rate mortgage, your total payment can increase as property taxes and insurance costs rise.

The latest 8% increase follows State Farm's 27.2% rate hike in 2025, adding to the financial burden for Illinois homeowners who have already seen their insurance costs climb.

With homeowners insurance costs continuing to climb, now is a good time to see whether you're getting a competitive rate. Comparing quotes from multiple insurers could help you find similar coverage at a lower price.

Use the tool below to explore your options:

What Illinois' new insurance laws mean for homeowners

State Farm's 27.2% rate hike in 2025 drew criticism from Illinois Governor JB Pritzker and raised concerns about rising homeowners insurance costs. In August 2026, Pritzker signed House Bill 4273, now Public Act 104-0752, to strengthen oversight of homeowners insurance rates.

The law gives the Illinois Department of Insurance greater authority to review rate increases and requires insurers to provide policyholders with at least 60 days' notice before renewal premium increases exceeding 10%. The new requirements take effect July 1, 2027.

5 ways to lower your homeowners insurance costs

Though homeowners insurance rates are rising, there are several ways you may be able to bring your premium down.

• Shop around: Shop around for insurance annually before your premium renews. Compare quotes from at least three insurers, and make sure you're comparing the same coverage limits and deductibles. You might be able to save money by switching home insurance providers.
• Review your coverage: Make sure your coverage is appropriate for your needs, but also verify that you're not paying for more coverage than you need. Check your dwelling replacement costs, endorsements and coverage limits. If some of your coverage limits are high, you may be able to save money by lowering them — just don't leave yourself underinsured.
• Consider a higher deductible: Increasing your home insurance deductible can lower your premiums, saving you money every month. A higher deductible comes with additional out-of-pocket risk. Since you'll need to pay your deductible if you have to file a claim, it's a good idea to keep a deductible payment accessible, such as in a high-yield savings account, so it's there if you need it.
• Ask about discounts: You might be able to save money for bundling homeowners and auto insurance policies, installing a security system in your home, investing in storm-resistant home improvements and remaining claims-free. Contact your insurer, make sure you're receiving the discounts you qualify for and ask about what other discounts are available. 
• Review your policy annually: Before automatically renewing your coverage, check your coverage changes and premium increases. Contact your insurer to ask about discounts, changes in coverage and more before you decide to renew.

Higher insurance rates don't mean you have to overpay

State Farm's latest rate hike reflects a broader trend of rising homeowners insurance costs nationwide. While insurance is essential for protecting one of your most valuable assets, you don't have to accept a higher renewal premium without exploring your options.

Start by running a home insurance checkup to make sure your coverage still meets your needs. Then, compare quotes from multiple insurers to see whether you can get a better deal. Don't focus solely on price. Review coverage limits, exclusions and deductibles to find a policy that offers the right balance of protection and affordability.

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Shipping holiday gifts will cost more this year. The U.S. Postal Service (USPS) has temporarily increased shipping rates for its peak holiday season, with higher prices in effect from October 4, 2026, through January 17, 2027.

The seasonal increases affect USPS Ground Advantage, Priority Mail and Priority Mail Express. For example, shipping a five-pound package via Priority Mail in Zones 1 through 4 costs an additional $0.80, while sending a Priority Mail Large Flat Rate Box costs $2.10 more. The increases are even steeper for heavier packages, with a $20.80 surcharge on Priority Mail Express shipments weighing 26 to 70 pounds in Zones 5 through 9.

Although these increases are temporary, they can add up quickly if you're mailing multiple gifts. The good news is that a little planning and comparison shopping can help you avoid paying more than necessary to get your holiday packages delivered.

1. Don't assume Priority Mail is your cheapest option

Priority Mail offers faster delivery, but it isn't always the most affordable option. If your package isn't time-sensitive, choosing USPS Ground Advantage could save you money.

Priority Mail typically delivers packages within two to three business days, compared with two to five business days for Ground Advantage. Neither service guarantees delivery within those time frames, so allow extra time when mailing holiday gifts.

Before buying postage, compare USPS shipping options to find the best combination of price and delivery speed. You can also check discounted rates through services such as Pirate Ship, which offers access to commercial USPS pricing at no additional charge. USPS also offers commercial rates through its Click-N-Ship service, giving you another way to potentially lower your shipping costs.

2. Watch the size of your box

The size of your package can drive up shipping costs, even if it doesn't weigh much. USPS considers both weight and dimensions when calculating postage, and larger boxes can trigger additional fees.

For example, packages measuring more than 22 inches long or exceeding two cubic feet in volume may incur extra charges. Packages with a combined length and girth of more than 108 inches can also be subject to oversized pricing. USPS generally limits packages to 70 pounds and 130 inches in combined length and girth, with additional fees possible for packages that exceed those limits.

To avoid unexpected charges, choose the smallest box that safely fits your items, including any protective packaging. Measure and weigh your package before purchasing postage so you can compare rates and identify potential surcharges.

3. Don't automatically choose a Flat Rate box

USPS Flat Rate boxes make shipping simple because you pay a set price based on the box size, regardless of the package's weight or destination within the domestic service area, subject to USPS restrictions. However, that convenience doesn't always translate into savings.

If you're shipping a small, lightweight gift a short distance, standard Priority Mail or Ground Advantage may cost less than a Flat Rate box. That's because regular shipping rates depend on factors such as package weight, dimensions and destination.

For example, a medium Priority Mail Flat Rate Box costs $25.80 at retail, while regular Priority Mail rates start at $11.50. Before choosing Flat Rate packaging, compare the cost of shipping your gift in your own box. You may find that paying based on weight and distance is the better deal.

4. Compare USPS with UPS and FedEx

USPS isn't always the cheapest way to ship a package. Depending on its size, weight and destination, UPS or FedEx may offer a better deal, particularly for larger or heavier shipments.

All three carriers offer online shipping calculators that let you compare rates and estimated delivery times before purchasing postage. Be sure to compare similar delivery services, since expedited shipping can cost significantly more than standard ground delivery.

To see how prices compare, we checked shipping estimates from USPS, UPS and FedEx on October 9, 2026, for three packages traveling between Chicago, Illinois, and Sevierville, Tennessee. USPS offered the lowest retail rate for the small and medium packages, while UPS was the least expensive option for the large package.

You may also be able to save by purchasing postage online or scheduling a home pickup, depending on the carrier. Keep in mind that pickup fees and availability vary by service.

5. Ship early to avoid paying for speed

One of the simplest ways to save on shipping is to shop early and ship your packages before you’re short on time. Procrastination can leave you paying for Priority Mail Express or other expedited services to ensure your packages arrive before the holidays.

For expected delivery before Christmas, the USPS recommends sending your packages by specific cutoff dates:

• USPS Ground Advantage: Thursday, December 17, 2026
• First-Class Mail: Thursday, December 17, 2026
• Priority Mail: Friday, December 18, 2026
• Priority Mail Express: Saturday, December 19, 2026

If you’re shipping to or from Alaska, Hawaii, Puerto Rico, or the U.S. Territories, the cutoff dates are a day or two earlier.

Keep in mind that these cutoff dates are just recommendations and don’t guarantee delivery by Christmas, so it’s a good idea to mail Christmas presents and other time-sensitive packages as early as possible. Shipping early also gives you more flexibility to choose slower, less expensive services.

The bottom line on USPS holiday shipping

Higher holiday shipping rates don't have to put a strain on your budget. Choosing the right packaging, comparing carrier rates and mailing gifts early can help keep costs under control. Although USPS's seasonal price increases are scheduled to end January 17, 2027, shopping around and planning ahead can help you save on shipping year-round.

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You may want to start double-checking your receipt before leaving the store. Several recent reports involving major retailers show that the price you see on the shelf isn't always the price you pay at checkout.

A September Guardian investigation found pricing discrepancies at 7-Eleven and Circle K locations, including instances where shoppers were charged more than advertised. Earlier this year, TikTok creator Jimmy Wrigg also raised questions about Walmart's packaged meat after finding products whose labeled weights appeared higher than their actual weights.

More recently, Five Below reached a $179,500 agreement with Michigan to resolve allegations involving scanner overcharges and problems displaying prices at some stores. Five Below did not admit wrongdoing.

These cases involve different circumstances and don't necessarily suggest intentional overcharging. But they offer a good reason to pay closer attention to what rings up at the register.

How you could end up paying more than expected

Pricing errors can happen in several ways. A shelf tag might not match the register price, or a sale price may fail to ring up correctly. Digital coupons, loyalty discounts and buy-one-get-one promotions can also fail to apply as expected.

Products sold by weight present another opportunity for errors. Meat, seafood and produce may be incorrectly weighed or labeled, resulting in a higher total price.

Packaging matters, too. "Tare" refers to the weight of packaging or containers that should be excluded from a product's net weight. If the appropriate packaging weight isn't deducted, you effectively pay for the packaging as part of the product.

Which price does a store have to honor?

There isn't one nationwide rule requiring every U.S. retailer to honor the shelf price when it differs from the register price. Instead, states have their own pricing laws, while state and local weights-and-measures agencies typically enforce retail price accuracy.

Some states give shoppers additional protections. Michigan's Scanner Law, for example, allows shoppers who are charged more than the displayed price to receive the difference between the displayed price and the amount charged, plus a bonus of 10 times that difference. The bonus must be at least $1 but no more than $5. Shoppers must have a receipt showing the overcharge and notify the seller within 30 days.

California generally requires retailers to charge the lowest posted, quoted or advertised price for which the shopper qualifies. However, an overcharge doesn't automatically mean the shopper gets the item for free.

Massachusetts has additional protections for covered grocery and household products. Depending on the retailer's pricing system and the item's price, an incorrectly scanned product may be free or discounted.

Because the rules vary, check your state's requirements rather than assuming a policy you've encountered elsewhere applies. The National Institute of Standards and Technology (NIST) provides information on state pricing laws and weights-and-measures agencies.

How to catch pricing errors before you leave the store

You don't need to audit your entire shopping cart to reduce your odds of overpaying. A few simple habits can make errors easier to catch.

Start by watching the screen as your items are scanned. Pay particular attention to higher-priced purchases and items you specifically chose because they were on sale.

Before walking out, spend a minute reviewing your receipt. Look for prices that seem higher than expected, duplicate charges and promotions that weren't applied. If you loaded digital coupons or used a loyalty account, confirm that the expected savings appear on the receipt.

It can also help to check unit prices while you're shopping. Unit pricing shows the cost per ounce, pound or other unit of measurement, making it easier to compare different package sizes. Just remember that a correct unit price won't protect you if the package itself has been incorrectly weighed or labeled.

For expensive meat, seafood and other products sold by weight, take a closer look at the label. Check the weight, price per pound and total price to make sure the numbers make sense together.

Finally, if you're buying an item because of a sale or promotional sign, take a quick photo of the shelf tag, especially if the offer has several conditions. That gives you something to reference if the register shows a different price.

What to do if you've been overcharged

If you notice the discrepancy before leaving, your first stop should be the cashier or customer service desk. Show your receipt and explain the price you expected to pay. In many cases, the store can verify the shelf price and issue a refund for the difference.

Keep your receipt and, when possible, take a photo of the shelf tag or advertisement showing the lower price. If a digital coupon or app offer is involved, a screenshot can also help document the promotion and its terms.

It's also worth asking whether the retailer has its own price-accuracy or scanner policy. A store may voluntarily offer a refund, additional discount or free item beyond what state law requires.

If the retailer doesn't resolve the problem, or you notice what appears to be a recurring pattern, you can contact your state or local weights-and-measures authority.

NIST maintains a directory of state weights-and-measures directors, along with contact information for the appropriate agencies.

Local authorities may also conduct inspections to determine whether a retailer is complying with price-verification and weighing requirements.

A few seconds at checkout could save you money

A $1 discrepancy may not seem worth worrying about when you're trying to get through the checkout line. But small overcharges can add up, particularly on groceries, gas and convenience-store purchases you make regularly.

You also don't need to approach every shopping trip assuming something will go wrong. Most purchases will likely ring up just as expected. Instead, make a quick receipt check part of your normal shopping routine.

Know roughly what the items in your cart should cost, pay extra attention to sales and products priced by weight, and check your receipt before you head home. A minute or two of extra attention can make it much easier to catch a pricing mistake while you're still in the store.

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Using an independent ATM can cost you a few dollars in fees. But if you paid a surcharge to withdraw cash from a nonbank ATM, you could be eligible for money from a $167.5 million Visa and Mastercard settlement.

The class-action lawsuit alleged that Visa and Mastercard violated antitrust laws by preventing independent ATM operators from charging lower fees when transactions could be processed over less expensive competing networks. The plaintiffs argued that those rules caused consumers to pay higher ATM fees than they otherwise would have. Visa and Mastercard deny wrongdoing but agreed to the settlement.

Consumers who paid an unreimbursed surcharge at an independent ATM between October 24, 2007, and August 14, 2026, may qualify for a payment. Claims are now open, and eligible consumers have until February 10, 2027, to submit a claim.

Who qualifies for the Visa and Mastercard ATM settlement?

According to the settlement website, customers may qualify if they paid a surcharge to withdraw cash from a deposit account at an independent ATM between October 24, 2007, and August 14, 2026. The ATM must have been located in the U.S. or its territories, and the customer's bank must not have fully reimbursed the fee.

Independent ATMs are machines that aren't owned by a bank or other financial institution. You might find them at convenience stores, gas stations, grocery stores, bars and other businesses. To qualify, customers must have made the withdrawal using an ATM or PIN-debit card.

Credit card cash advances and prepaid-card transactions aren't included in the settlement.

How much could you receive?

The settlement fund totals $167.5 million, but individual payment amounts will vary. How much you receive will depend on factors including the number of valid claims and qualifying ATM transactions.

The fund will also be used to pay attorneys' fees and expenses, settlement administration costs, taxes and service awards to class representatives. The remaining money will be distributed among eligible claimants.

How to file a claim

You can submit a claim online through the official settlement website. The form asks for basic contact information, including your mailing address, phone number and email address. You'll also be asked to estimate the number of qualifying ATM transactions you made during the eligibility period.

You don't need to provide documentation when you submit your claim. However, the claims administrator may later ask for bank statements or other documents to support it. Claims are submitted under penalty of perjury, so your information must be accurate to the best of your knowledge.

Claims must be submitted by February 10, 2027.

Why Visa and Mastercard agreed to the settlement

Visa and Mastercard faced allegations that their network rules violated antitrust laws by preventing independent ATM operators from charging lower fees when transactions could be processed through less expensive competing networks.

Plaintiffs argued that those restrictions caused consumers to pay higher ATM fees than they otherwise would have.

Visa and Mastercard deny wrongdoing but agreed to pay $167.5 million to settle the claims.

Key dates to know

As the class-action settlement moves forward, keep these key dates in mind:

• December 11, 2026: This is the deadline to object to or exclude yourself from the settlement. Objections must be postmarked by this date. If you want to retain your right to sue Visa or Mastercard separately over the claims covered by this case, your request to be excluded must be received by December 11. If you exclude yourself, you won't be eligible for a settlement payment.
• February 10, 2027: Claims must be submitted by this date to be eligible for a payment. If you're mailing your claim, make sure it arrives by the deadline.
• February 17, 2027: The final approval hearing is scheduled for 4 p.m. ET. The court will consider whether to approve the settlement. If the settlement is approved and appeals are filed, payments can't be distributed until those appeals are resolved.

When will ATM settlement payments be sent?

According to the official settlement website, the claims administrator expects to send payments within six months of final approval if no appeals are filed. If there are appeals, payments will be delayed until they are resolved.

If you think you qualify for a payment, submit your claim before the February 10, 2027, deadline. After that, keep an eye on the official settlement website for updates on final approval and when payments will be distributed.

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With online threats such as identity theft, phishing and scams becoming more common, cybersecurity tools can provide an additional layer of protection for your personal and financial information. Surfshark may be best known as a VPN provider, but the company has expanded its offerings to include a broader collection of privacy and security tools.

Today, Surfshark offers antivirus protection, data breach alerts, private web searches, tools that limit online tracking and other security features. This guide explains Surfshark's major features, what they do and what to consider when deciding whether they fit your online privacy and security needs.

Keep in mind that cybersecurity tools can reduce certain risks, but they can't eliminate the threat of online scams, fraud or cyberattacks. Good security habits, including using unique passwords, enabling multifactor authentication and independently verifying unexpected requests, remain important.

What is Surfshark?

Surfshark launched its VPN in 2018, with a focus on giving users more privacy and control over their online activity. While the company now offers a broader range of security tools, its VPN remains at the core of its service.

A VPN, or virtual private network, creates a more private connection by routing your internet traffic through a remote server. In the process, it encrypts your traffic and masks your IP address, making it more difficult for third parties to track your activity while you browse.

Surfshark builds on that VPN protection with additional privacy and security features, depending on the plan you choose. It currently offers three plans:

• Surfshark Starter: Includes Surfshark's VPN and Alternative ID, which lets you use alternative contact information instead of sharing your primary details online.
• Surfshark One: Adds antivirus, data breach alerts and scam protection to the VPN and Alternative ID features.
• Surfshark One+: Includes everything in Surfshark One, plus identity theft coverage and personal data removal through Incogni.

A VPN can add protection when you're online

Surfshark's VPN is designed to make online activity more private by encrypting your internet traffic and masking your IP address. You can set the VPN to connect automatically, so your internet traffic is routed through the VPN without having to manually turn it on each time.

A VPN can also add a layer of protection when you're using public Wi-Fi at an airport lounge, hotel, coffee shop or other location away from home, where you may have less control over the network you're connecting to.

Surfshark allows you to use its VPN on multiple devices simultaneously, including smartphones, laptops and tablets.

Alternative ID can help you share less personal information

The more personal information you share online, the more places that information could potentially be exposed in a data breach. Surfshark's Alternative ID can help limit that exposure by giving you alternative contact information to use when you don't want to provide your primary details.

Alternative ID can generate an online name, email address and phone number to use for newsletters, promotions, online accounts and other websites. An autofill feature can enter those details for you, making it easier to sign up for discounts and offers without repeatedly sharing your primary contact information.

Using alternative information won't prevent identity theft or fraud, but it can reduce how widely your personal details are shared online and add another layer of privacy.

Surfshark Alert can flag exposed information

Surfshark Alert monitors for signs that your personal information has appeared in a data breach. Depending on what you choose to monitor, the service can alert you to exposed email addresses, passwords, addresses, credit card details and other identifying information.

Getting an early warning gives you an opportunity to respond. For example, if a password or email address is compromised, you can change your login credentials, review affected accounts for suspicious activity and take additional steps to secure them.

Surfshark Alert doesn't prevent data breaches or keep your information from being exposed. Instead, it helps you identify potential exposure so you can take action if your information is compromised.

CleanWeb can block ads, trackers and malicious content

Surfshark's CleanWeb feature blocks ads, trackers and potentially harmful content while you browse. It's available through the Surfshark VPN app and as a browser extension, which can provide protection even when you're not connected to the VPN.

Blocking trackers can limit how much of your browsing activity is collected, while filtering potentially malicious content may reduce your exposure to websites and other online threats designed to compromise your personal information. CleanWeb adds another layer of privacy and security, but it doesn't eliminate the risk of encountering scams or malicious content online.

Antivirus adds protection against malware

A VPN can help protect your privacy and internet traffic, but it isn't a substitute for antivirus software that scans your device for malware. Surfshark Antivirus adds that layer of protection by continuously scanning for viruses, malware and other threats.

Surfshark says its malware database is updated every three hours to help identify emerging threats. The antivirus also includes webcam protection on Windows and macOS, which can block camera access and alert you when an app or website attempts to use your webcam without permission.

Surfshark Antivirus has also been independently tested by AV-TEST. In its June 2026 Windows 11 evaluation, Surfshark Antivirus received 6 out of 6 for protection, 4.5 out of 6 for performance and 6 out of 6 for usability.

Surfshark Antivirus is included with Surfshark One and Surfshark One+, but not the Starter plan.

Know where Surfshark's protection ends

Surfshark offers many features to enhance your protection against online threats, but it's important to understand its limitations, too. A VPN, antivirus software or security tool cannot prevent every scam.

It's still possible to be tricked into sending money, sharing a verification code, providing account credentials or responding to a convincing impersonation attempt. That's why basic security practices remain important:

• Independently verify unexpected financial requests: If you receive a text or email asking you to transfer money, provide account information or take another financial action, verify the request through a trusted channel. Open your bank's app, type its website address into your browser or call a known number rather than using a link or contact information in the message.
• Use unique passwords: Create a strong, unique password for every account, particularly financial accounts. Avoid easily guessed information such as a pet's name or birthdate. If one password is exposed in a data breach, using unique passwords can help prevent criminals from using the same credentials to access your other accounts.
• Enable multifactor authentication: Turn on multifactor authentication when it's available. It requires an additional form of verification beyond your password, making it more difficult for someone to access your account with stolen credentials. When available, an authenticator app or passkey can offer stronger protection than verification codes sent by text message.

How Surfshark could fit into your online security

Surfshark’s tools, like Alternative ID, Alert and Clean Web, can all work together to boost your online security. Consider the protections you already have in place and the risks that you're most concerned about when deciding which tools and protections you may need.

For example, if you're mainly interested in protecting your internet connection, your needs will be different from someone who wants a full suite of antivirus, breach monitoring and data broker removal under the same service.

Surfshark's appeal is in its ability to combine several privacy and security tools in one ecosystem at an accessible price point. However, those tools work best as part of a broader approach to protecting your money and personal information online.

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If you’re looking to grow your money without facing any market risk, a certificate of deposit (CD) might be an appealing choice. But unlike making regular deposits into a savings account, a CD usually has just one initial deposit, and you’ll need to determine how much you should invest.

There’s no universal dollar amount or percentage general rule, and the deposit amount depends on your individual situation. To start, consider the money’s purpose and when you’ll need it. When you deposit money into a CD, it’s locked up for a fixed period, which could be several years, so your CD should generally contain money you won’t need to access soon for everyday expenses or emergencies.

Because CDs generally offer a guaranteed rate for a set term, they can be useful for money you know you won't need right away. The key is deciding which savings you can comfortably lock up and which should remain easily accessible. Before putting money into a CD, make sure you have enough cash available for emergencies and other near-term expenses.

Keep your emergency fund out of a traditional CD

CD terms can range from several months to five years, though you might occasionally find terms as long as 10 years. If you withdraw your money before the CD matures, you'll usually pay an early withdrawal penalty.

Because of those restrictions, a traditional CD generally is not the right place for emergency savings. A high-yield savings account (HYSA) or another liquid account gives you easier access to your money without an early-withdrawal penalty.

Before opening a CD, make sure you have enough accessible cash to cover emergencies and upcoming expenses, such as insurance premiums, home repairs, taxes and medical costs. Once those needs are covered, you can consider putting additional savings you won't need right away into a CD.

Match the CD amount to a specific savings goal

If you have a specific savings goal in mind, you can use your CD to help you reach it. You could use a CD in several ways by depositing:

• $20,000 you've saved into a short-term CD for a car you plan to buy next year
• $50,000 you've saved toward a down payment on a home you plan to buy in two years
• The cash you’ve saved for a major renovation you plan to start in three years

If you know you won’t use that money until a certain date, a CD can serve multiple purposes. It essentially puts a "do not touch" sign on the money, which could help you save it. At the same time, the money earns interest, helping it grow.

Calculate whether the return is worth locking up your money

Current 12-month CD rates average 1.71%, but shopping around can make a significant difference. Some of the top one-year CDs we have found currently offer annual percentage yields (APYs) of 4.20% to 4.25%. Minimum deposits vary, though, ranging from $1,000 at Accordia Bank to $5,000 at Colorado Federal Savings Bank.

At 4.25% APY, here is approximately how much different deposits could earn over one year:

• $5,000 = $212.50
• $10,000 = $425
• $25,000 = $1,062.50
• $50,000 = $2,125

Some of the top high-yield savings accounts currently offer APYs of 4% or more. For example, Newtek Bank currently offers 4.20% APY with no minimum deposit, while Poppy Bank offers 4.00% APY with a $1,000 minimum deposit.

That's competitive with today's top one-year CDs, but there is an important difference. High-yield savings account rates are variable and can change at any time, while a traditional CD typically locks in your APY for the full term. In exchange for that guaranteed rate, you give up some access to your money.

When CD and savings rates are this close, the difference in earnings might be relatively small. The table below shows how much you could earn at different deposit amounts and how much extra a slightly higher CD rate could put in your pocket.

Note: These are illustrative examples based on APY and assume the money remains in the account for one year. HYSA rates are variable and can change at any time, while a traditional CD generally locks in its APY for the term.

Don't overlook early withdrawal penalties

Before you deposit a large amount, check the CD’s early withdrawal penalties. If you need to access the money before it matures, it could cost several months of interest, depending on the bank and term. Penalties can be particularly steep for CDs with longer terms.

Some financial institutions offer no-penalty CDs as an alternative. You’ll still have a guaranteed CD rate, but you can avoid fees if you need to withdraw your money early. You’ll usually be required to withdraw the full amount, and the CD account typically closes once you make that withdrawal.

Rates, terms and early-withdrawal penalties can vary significantly by financial institution. Use the tool below to compare current CD rates and find an account that fits your savings timeline:

Consider splitting a large amount among several CDs

One downside of CDs is that your money is generally locked up until the CD matures. A CD ladder can help you balance earning guaranteed rates with having portions of your savings become available at regular intervals.

For example, say you have $50,000 to deposit. Rather than putting the entire amount into one five-year CD, you could divide it equally among five CDs with different maturity dates. You could put $10,000 each into one-year, two-year, three-year, four-year and five-year CDs.

With this strategy, one CD matures each year, giving you access to $10,000, plus the interest it earned. You can use that money if you need it or re-invest it in another CD to continue the ladder. This gives you more flexibility than locking the full $50,000 into a single five-year CD.

Watch the FDIC and NCUA insurance limits

The Federal Deposit Insurance Corporation (FDIC) and National Credit Union Administration (NCUA) generally insure deposits up to $250,000 per depositor, per insured institution, per ownership category. Some CDs offer additional insurance coverage beyond the standard $250,000 limit, so be sure to check your financial institution’s specific coverage policy.

If you’re considering making a six-figure deposit, you’ll need to verify and monitor these insurance limits to verify that all of your money is protected.

How much should you put in a CD?

Rather than starting with a specific percentage of your savings, consider how much cash you have beyond your emergency fund, when you will need the money and whether you can comfortably leave it untouched until the CD matures.

The right amount is one that allows you to take advantage of a guaranteed rate without leaving yourself short on accessible cash. Before opening a CD, account for your emergency savings, near-term expenses and other financial goals so you are less likely to need the money before maturity.

Deciding how much to keep in cash is just one part of your larger financial plan. If you want help balancing savings with investments, retirement goals and other priorities, a financial adviser can help you determine where your money might work best.

Use the tool below to connect with a vetted financial professional and get started today:

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A personal budget can help you rein in spending, meet saving goals and be smarter with your money, but sticking to a budget can be a real challenge. If you’re struggling to budget, it may be because you’re not using the method that’s best for you.

Some people need clear limits set for every dollar, while automating financial priorities and spending what remains works better for others. There’s no single "right" way to budget, and finding the best method for your goals and habits can increase your chances of success.

Let’s take a look at three distinctly different budgeting methods, including 50/30/20, zero-based budgeting and paying yourself first. You might have success with one of these approaches.

1. The 50/30/20 budget: Best for keeping things simple

If you're not up for tracking all of your spending or recording every purchase, the 50/30/20 budget offers a simpler approach. It gives you some financial guardrails without requiring you to account for every dollar you spend.

With this method, 50% of your income goes toward essentials, 30% toward wants and 20% toward savings and debt repayment.

These percentages are a starting point, not an absolute rule. Depending on your income, housing costs and financial goals, different percentages may be more realistic. You can adjust the framework to better fit your finances.

This percentage-based budget may be a good fit if you want a straightforward framework without constantly monitoring your spending.

2. Zero-based budgeting: Best for taking control of your spending

Zero-based budgeting provides a stricter framework that helps you account for every dollar you earn. With this method, every dollar of income is assigned a job, whether it goes toward bills, everyday spending, savings or investments.

Let's say you bring home $7,000 per month. You budget $2,000 for your mortgage, utilities and other housing costs, $500 for food, $1,000 for recurring bills such as internet and car insurance and $500 for health insurance and medical expenses. You set aside another $500 for wants, such as new clothes or dining out. Each month, you invest $1,500 and put the remaining $1,000 into savings.

$7,000 income - $7,000 assigned to expenses, savings and investments = $0 left unassigned

This method can help you see exactly where your money is going and spot areas where costs have crept up. For example, if you're spending more on groceries than you used to, your budget can make that increase easier to identify. You can then adjust other spending categories to account for the higher expense.

While zero-based budgeting can provide a clear picture of your overall spending, it requires more tracking and regular adjustments than other budgeting methods.

Zero-based budgeting may be best if you want tighter control over your cash flow or are trying to rein in your spending.

3. Pay yourself first: Best for prioritizing savings

The pay-yourself-first method puts saving ahead of spending. Instead of waiting to see how much money is left at the end of the month, you set aside money for savings, retirement, investments or another financial goal first.

Automatic transfers and retirement contributions can make this approach largely hands-off. It may be particularly useful if your expenses are already manageable but you want to increase your savings without maintaining a detailed budget.

However, paying yourself first won't solve underlying overspending issues. If you regularly don't have enough money left to cover your expenses, another method, such as zero-based budgeting, can help you identify where your money is going and where you may need to cut back.

Paying yourself first may be a good fit if you want to prioritize saving and prefer a low-maintenance approach to budgeting.

Which budgeting method is right for you?

The right budgeting method depends on what you want your budget to accomplish. Start by identifying the part of your finances that gives you the most trouble.

If you routinely wonder where your money went, zero-based budgeting can provide more visibility and control. If your spending is generally under control but your savings goals keep getting pushed aside, paying yourself first can make saving a priority. And if detailed budgeting feels like too much work, the 50/30/20 method can give you structure without requiring you to track every purchase.

You also don't have to follow one method perfectly. You might use the 50/30/20 framework to set your overall spending targets while automatically paying yourself first each payday. As your income, expenses and goals change, your budgeting strategy can change with them.

Whichever approach you choose, consistency matters more than following a particular formula. A budgeting method is only useful if it's realistic enough to stick with over time.

The best budget is one you can stick with

The best budget for you isn’t necessarily the most detailed or complex one; it’s the system you’ll actually use. Choose a budgeting method that provides enough structure to help you reach your financial goals without making managing your money an unnecessarily complicated chore that you’ll dread.

A budget can help you manage your money day to day, but you may want additional guidance when you're balancing bigger financial goals. A financial adviser can help you look at your budget as part of your broader financial plan, from building savings to investing for the future.

Use the tool below to connect with a financial professional who can help you evaluate your goals and next steps.

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An inheritance can rapidly change your finances, but it often arrives alongside grief. Even if the money provides greater financial security, deciding what to do with it can feel more complicated than managing another type of windfall.

You don't need to make major financial decisions right away. Giving yourself time can help you understand what you've inherited, consider your priorities and decide what you want the money to do for you.

Where you ultimately put an inheritance will depend on your existing finances, when you might need the money and the type of assets you've inherited. The first step is making sure the money is protected while you figure out what comes next.

Start by putting the money somewhere safe

"Cash and savings" is the most popular asset that older parents say makes up their estate, a Morning Consult survey commissioned by Kiplinger found, above real estate, stocks and life insurance.

You can take your time to decide what to ultimately do with the money, but it's important to keep it safe in the meantime. If your inheritance arrives as cash, consider temporarily parking it somewhere liquid while you make a long-term plan.

Options include a high-yield savings account, a money market account or a short-term CD. These accounts can provide a safe place while you decide what to do next. Savings and money market accounts also keep funds easily accessible. With a short-term CD, you might pay an early withdrawal penalty if you take the money out before the term ends, so consider when you could need the funds.

If you've inherited a particularly large amount of money, pay attention to deposit insurance limits. Deposits are generally insured for up to $250,000 per client, per insured institution and per ownership category. If you've inherited more than $250,000, you might need to spread the money across multiple institutions or ownership categories to make sure the full amount is covered.

You might feel ready to put the money to work right away. Our survey with Morning Consult, part of Kiplinger's Trillion Dollar Talk campaign, found that 70% of adult children say they feel prepared to manage an inheritance, including 40% who say they're very confident. But being prepared doesn't mean you need to act immediately.

When you first receive an inheritance, your priority can simply be protecting the money while you decide what comes next. Once it's somewhere safe, you can take a closer look at what you've inherited, your financial priorities and any potential tax consequences.

Before investing, find out what you actually inherited

Tax rules surrounding inheritances can be confusing. The federal government generally doesn't tax beneficiaries for receiving inherited cash, though income generated by inherited assets might be taxable.

Federal estate tax, when it applies, is generally paid by the estate rather than the beneficiary. Some states, including Kentucky, Maryland, Nebraska, New Jersey and Pennsylvania, also impose an inheritance tax, with what you owe often depending on your relationship to the person who died.

Inherited IRAs, brokerage accounts, real estate and other assets can each come with different tax rules. For example, withdrawals from an inherited traditional IRA might be subject to income tax and distribution requirements.

It's important to understand what you've inherited before making major decisions, so don't automatically cash out investments or retirement accounts before learning about potential tax consequences.

The confusion around inheritance taxes is reflected in Morning Consult and Kiplinger's survey, which found that 34% of adult children expect to owe taxes on an inheritance, compared with 20% of parents who expect their children to owe taxes. If you're unsure about the tax rules surrounding inheritances, consult an estate attorney or tax professional before making any moves that could have tax consequences.

Decide what the inheritance could do for your financial life

Instead of focusing on where you can earn the highest return, consider how the inheritance fits into your overall financial picture and what you want to accomplish. That can help you decide how to manage your inheritance.

Your priorities might include:

• Paying off high-interest debt
• Building or replenishing an emergency fund
• Catching up on retirement savings
• Saving for a near-term goal
• Investing for long-term growth
• Setting aside a small portion for something meaningful or enjoyable

An inheritance can potentially help you achieve any of these goals, but your priorities will shape what you do with it.

Match where you put the money to when you'll need it

Once you've decided what you want to accomplish, think about when you'll need the funds. Money you'll need soon generally belongs somewhere stable and accessible, while cash you won't need for many years might have more opportunity to grow through investing.

Here's how your options might change depending on your timeline:

• If you'll need the money within the next year or two: Prioritize safety and easy access over growth. A high-yield savings account or money market account can work well for money earmarked for a home purchase, major expense or other near-term goal. A short-term CD might also be an option if you're confident you won't need the money before it matures.
• If your goal is a few years away: You have more flexibility, but you might not want to expose all the money to market swings. Depending on your timeline and comfort with risk, you could keep some of the inheritance in savings or CDs while investing a portion for potential growth.
• If you're investing for the long term: Money you don't expect to need for many years might be better positioned for long-term growth. A diversified portfolio of stocks, bonds and other investments can offer greater growth potential, although you'll need to be comfortable with market fluctuations along the way.

Whatever approach you choose, consider how the inheritance fits into your broader financial plan. A significant windfall could give you opportunities to rethink goals that once seemed years away.

If you're unsure how to balance those priorities, a financial professional can help you determine how an inheritance fits into your short- and long-term goals.

Use the tool below to connect with a vetted financial professional who can help:

Consider whether this changes your bigger financial plan

An inheritance can reshape your financial plans in ways you might not have anticipated. It could allow you to retire earlier, pay off your mortgage, help your children or grandchildren, buy a home or give more to causes about which you care. Used thoughtfully, that final gift from a loved one can provide greater financial security and flexibility for years to come.

If the inheritance significantly changes your finances, consider talking with a financial planner and tax professional before making major decisions. They can help you understand how the money fits into your existing goals, identify potential tax considerations and develop a plan to use or invest it.

This might also be a good time to review your own estate plan and beneficiary designations. If your financial situation has changed, updating your plans can help ensure they still reflect your wishes and make things easier for your loved ones in the future.

More Trillion Dollar Talk

• Inherited IRA Rules Every Beneficiary Should Know
• 5 Questions to Ask a Financial Adviser About an Inherited Stock Portfolio
• The $124 Trillion Great Wealth Transfer: Fact vs Fiction Quiz

Chances are you’ve heard the standard advice about how to get rich: Spend less than you earn, invest, avoid unnecessary debt and give your money time to grow. Problem is, knowing what to do isn’t necessarily the difficult part. Consistently following through on those actions can be the true challenge.

To build substantial wealth, you may have to say no even when you can afford to say yes. Getting rich may mean taking some calculated risks and sticking to a plan, even when you’d rather change course.

It’s not easy, and if you want to build wealth, you’ll need to be prepared to make some specific choices.

1. Live below your means even when you don't have to

Living below your means is different from simply being able to pay your bills. As your income increases, there’s pressure and a natural desire to upgrade your house, car, vacations and other lifestyle elements. Those large purchases can quickly erode the wealth that you’ve built up, setting you back from your goal.

What’s more difficult is letting that gap between your income and spending grow. Upgrading your lifestyle may be tempting, and you’ll need self-control to stay focused on your goals and to continue living on less than you make.

Avoiding lifestyle creep is key to building wealth, since it leaves more money available to invest and build your assets; that’s where the real wealth-building power lies. Compound interest, in which your earnings start to generate their own earnings, can accelerate your path toward becoming rich.

There’s nothing wrong with enjoying your money, and doing so periodically can help to keep you motivated to continue working and building wealth. The issue is letting every raise permanently increase your cost of living through an expensive upgrade like a larger house or a new car.

2. Get comfortable watching other people spend more than you

Your friends, neighbors and colleagues may have a bigger house, a new luxury vehicle or seemingly endless vacations, and you’ll need to get comfortable with that scenario for years. Trying to keep up or even using their situation to justify your own spending can divert money from investing and other long-term goals.

Remember that appearances can be deceiving and you can’t tell much about someone else’s financial situation simply based on what they own. A high-spending lifestyle isn’t necessarily evidence that someone’s wealthy, and they might be financing their lifestyle through debt.

If you’re patient and don’t try to keep up with others, you’ll make more progress toward your own financial goals.

3. Put a set amount of money away before you can spend it

It’s important to be intentional about saving money. Saving whatever happens to be left over at the end of the month often isn’t enough to build substantial wealth. To build wealth, you may need to treat investing as one of your biggest recurring expenses, which means setting aside a meaningful amount of money to invest each month.

As your income grows, revisit and increase your 401(k), IRA and brokerage contributions. Where appropriate, automate your contributions so they become a standard and recurring part of your monthly budget.

Prioritizing investing can be difficult, since the money is technically available to you today. When you invest, you’re choosing to give your future self first claim to the money, and that may mean that you need to cut your spending or go without a big purchase in the meantime.

Not every dollar you set aside needs to be invested. Money you may need sooner, including your emergency fund, can be kept in a savings account where it’s accessible and protected from market swings. And with competitive high-yield savings accounts paying attractive rates, it’s worth making sure your cash is earning as much as it reasonably can.

Use the tool below to explore and compare some of today's top savings account offers:

4. Take calculated risks with your money

Building wealth often requires taking some risk. Keeping all of your money in cash can feel safe, but you may need to accept some investment risk — and some potential loss — on a long-term path to getting rich.

That doesn’t mean investing on a whim in a business you have a good feeling about or on a tip you heard from a friend. Calculated risk is part of investing, and it helps minimize the chance of you losing your money.

Diversified stock investments, real estate or business ownership may fluctuate or fail to perform as expected, but going into those investment decisions well-informed can minimize the risk you’re assuming. Avoiding risk entirely has its own cost and may cap your earning potential.

You don’t need to chase hot investments or make enormous bets, but building wealth involves some uncertainty.

5. Be boring for a very long time

Though there are certainly exceptions, building wealth doesn’t usually come from one brilliant stock pick, side hustle or financial decision. It’s boring, and it’s the result of years or decades of investing, reinvesting, controlling spending and avoiding major mistakes.

Markets will fail, trends will change and you’ll make mistakes. You’ll question yourself and may be tempted to jump to a venture that appears to offer a faster route to wealth. What’s hard is resisting the temptation to question or change your strategy, allowing compounding and time to do their work.

Building wealth is boring, and you need the patience and faith to simply be boring.

Getting rich is often about what you don't do

Building wealth sounds simple on paper. It’s often much more difficult to put into practice. Building wealth often comes down to what you don’t do, rather than making some strategic action or jumping on the right stock at the right time.

You don’t necessarily have to pursue a lifestyle of extreme sacrifice, but you may need to become comfortable making choices that don’t always result in an immediate payoff. It’s hard work and will be uncomfortable at times, but if you’re dedicated and stay consistent, the sacrifices you make now can pay off later.

Building wealth takes consistency, but you don’t necessarily have to figure out every decision on your own. A financial advisor can help you create a strategy around saving, investing and other long-term goals, and adjust that plan as your finances change.

Use the tool below to connect with a vetted financial professional today:

Related Content

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• These 5 Rules Separate the Rich From Everyone Else
• I'm a Financial Pro: This Is What No One Will Tell You About Getting Rich

You might envision aging in place and remaining independent throughout retirement. But as you plan for the years ahead, it's also important to consider the possibility that you might eventually need some form of long-term care.

According to the U.S. Department of Health and Human Services, approximately 70% of people turning age 65 can expect to need some form of long-term care during their lives. Long-term care costs can add up quickly, potentially affecting both your retirement savings and the assets you hope to leave behind.

A Morning Consult survey commissioned by Kiplinger as part of our Trillion Dollar Talk campaign found that 47% of parents expect to leave a meaningful inheritance. But even a carefully planned inheritance can be affected by expenses later in life, particularly the cost of long-term care. If leaving money or other assets to your children is important to you, planning for those potential costs now can help protect your own financial security while preserving more flexibility for what you ultimately leave behind.

How long-term care costs can affect an inheritance

Long-term care can be expensive, and what you pay will depend on the type of care you need and where you live. According to the CareScout 2025 Cost of Care Survey (PDF), national median costs for several common types of care include:

• In-home care. $80,080 per year, assuming 44 hours of care per week
• Assisted living community care. $6,200 per month, or $74,400 annually
• Nursing home care in a semi-private room. $315 per day, or $114,975 annually
• Nursing home care in a private room. $355 per day, or $129,575 annually

Paying for several years of long-term care could significantly reduce your savings and other assets, leaving less to pass on to your heirs. It's a concern shared by many parents. The Trillion Dollar Talk survey found that 24% of parents surveyed worry long-term care or healthcare costs could deplete their estates.

While you might want to preserve an inheritance for your children, your own retirement and care needs should come first. Planning ahead can help you prepare for those costs while protecting your broader financial goals.

Build long-term care into your financial plan

Because you might need long-term care at some point, it;s important to plan for how you'd cover the cost before you actually need care.

Savings and retirement income may be part of that plan. If you're eligible for a health savings account (HSA), it can provide a tax-advantaged way to set aside money for future healthcare expenses.

HSA balances roll over from year to year, allowing you to build funds that can be used tax-free for qualified medical expenses. You can also use HSA funds to pay qualified long-term care insurance premiums, subject to annual IRS limits based on your age.

Long-term care insurance is another option to consider. Medicare and traditional health insurance generally do not cover ongoing custodial care, such as help with everyday activities like bathing, dressing or eating. Depending on the policy, long-term care insurance can help cover services provided at home, in an assisted living facility or in a nursing home.

Coverage varies by policy, so it's important to understand what you're buying. Policies typically have an elimination period before benefits begin and limits on how much they'll pay per day or month and over your lifetime. Premiums, benefit amounts and covered services can also vary considerably.

No single strategy will be right for everyone. Your approach might include a combination of savings, retirement income, insurance and other assets. As your finances and circumstances change, revisit your plan to make sure you have adequate resources to cover potential care costs.

A financial adviser can also help you evaluate your options and how they fit into your broader retirement and estate plans.

Use the tool below to connect with a vetted financial professional:

Make sure your estate plan reflects your priorities

An estate plan can include a will, trust, power of attorney and other documents that outline how you want your finances, property and other affairs handled during your lifetime and after your death. Yet the Trillion Dollar Talk survey found that nearly three in 10 parents have no formal estate plan, while 41% have a will.

If you already have an estate plan, review your will, trust, beneficiary designations and other documents periodically to make sure they still reflect your wishes. As part of that review, consider how potential long-term care expenses could affect the assets you expect to leave your heirs.

When you develop or review your estate plan, keep in mind that the value of your assets today might not reflect what is ultimately passed down to your heirs. Retirement spending and long-term care costs can reduce your assets over time, potentially leaving a smaller inheritance than you originally planned.

Talk to your children about what to expect

Talking to your children about your estate plan can be difficult, and many families put off the conversation. The Trillion Dollar Talk survey found that roughly two in five families have never discussed plans for passing down money and assets. Among parents who haven't discussed their plans in detail, 34% say there are too many unknowns, including how long they'll live and how much they'll ultimately have to leave.

You don't need to provide an exact inheritance amount. Instead, the conversation can focus on the plans you have in place and how your assets might be used during your lifetime, including how to pay for long-term care.

This is also a good time to discuss whether you expect your children to play a role in your care or help manage your finances. Make sure they know where to find important information, including details about your financial accounts, life and long-term care insurance policies, will and other estate planning documents.

Having these conversations before a health crisis gives your children time to ask questions, understand your wishes and prepare for any responsibilities they might take on. It can also help avoid confusion or difficult decisions during an already stressful time.

Ultimately, the inheritance you expect to leave could change as your care needs and expenses evolve. Planning for those costs now can help you protect your own financial security while giving your family a clearer idea of what to expect.

More Trillion Dollar Talk

• Trillions of Dollars Will Be Passed Down in the Next 20 Years and Many Families Are Totally Unprepared: What to Know and What to Do
• The Great Wealth Transfer is Creating a New Generation of Family CFOs
• Long-Term Care Insurance: 10 Things You Should Know
• These Are the 2 Legal Documents Everyone Should Have, Courtesy of an Estate Planning Attorney

You've used your airline miles to save on your flight, carefully shopped around for the best hotel or lodging prices and done the hard work to save money on your international vacation.

But there's one potential financial catch you may have overlooked: how you'll pay for things once you're abroad.

Exchanging money, withdrawing cash and using your credit or debit card overseas can all come with added costs. Unfavorable exchange rates, foreign transaction fees and ATM charges can quickly eat into your travel budget, and some of the most convenient options can also be among the most expensive. Before you leave, it helps to understand your payment and currency conversion options. Here are some common money mistakes to avoid when traveling internationally.

1. Accepting dynamic currency conversion

Some businesses offer dynamic currency conversion when you make a purchase using a credit or debit card. If you accept the conversion, you can complete the transaction using U.S. currency. The card processor automatically calculates the conversion and adds on any additional fees.

Dynamic currency conversion rates often include a markup over the exchange rate that your bank would use. Extra fees may also be bundled into the conversion rate, so you’ll often pay a higher rate for dynamic currency conversion than you would if your bank performed the conversion.

Generally, you will save money by choosing to complete the transaction using local currency, then letting your card network handle the conversion.

2. Exchanging money at the airport

Airport currency exchange booths are convenient, especially if you arrive without any local cash. But you may pay a premium for that convenience. These booths often offer less favorable exchange rates than banks and may charge additional fees, making them one of the more expensive ways to get foreign currency.

If you know you'll need cash when you arrive, consider planning ahead. Check whether your bank allows you to order foreign currency before your trip and compare the exchange rate and any fees. Another option is to wait until you reach your destination and withdraw a small amount of local currency from a bank-operated ATM. Just be sure to check your bank's international ATM fees before you travel.

3. Using the wrong ATM

When you need cash abroad, look for an ATM operated by a bank rather than an independent ATM in an airport, hotel, bar or other high-traffic area. Independent ATMs may charge higher fees or offer less favorable currency conversion rates. A bank-operated ATM, particularly one located at or inside a bank branch, may offer a better option.

But using a bank ATM doesn't necessarily mean the withdrawal will be free. You could still face several ATM fees. The ATM operator may charge a fee for the transaction, and your own bank may charge an out-of-network fee. International withdrawals can come with additional costs, too. According to Bankrate, international ATM withdrawals often carry an additional fee of 1% to 3% of the amount withdrawn.

Before your trip, check your bank's international ATM policy. Some banks reimburse certain ATM fees, while others have partnerships with overseas banks that may allow you to withdraw cash with fewer fees. Knowing which ATMs to look for before you arrive can help you avoid unnecessary charges.

4. Choosing U.S. dollars at a foreign ATM

When using an ATM abroad, you may be asked whether you want the transaction converted to U.S. dollars or processed in the local currency. You might see a message such as, "This ATM offers conversion to your home currency."

This is another form of dynamic currency conversion, similar to what you may encounter when paying with a credit or debit card at a store or restaurant. Choosing U.S. dollars allows the ATM operator to perform the currency conversion, often using an exchange rate that includes a markup or additional fees.

The wording on the screen isn't always straightforward. You may be asked whether you want to "accept conversion," "continue with conversion," or be charged in your home currency. In most cases, choosing the local currency and declining the ATM's conversion allows your bank or card network to handle the exchange instead.

Before completing the withdrawal, review the exchange rate and any fees displayed on the screen so you understand what you'll be charged.

5. Paying foreign transaction fees

A foreign transaction fee is an extra charge some credit card issuers apply when you make purchases outside the U.S. or with a foreign merchant. These fees are often around 3% of the purchase price, which may not sound like much until you add up everything you spend during a trip.

For example, if you charge $6,000 in hotels, restaurants, transportation, shopping and other expenses to a card with a 3% foreign transaction fee, you could pay an additional $180 in fees.

Before traveling, check your credit card's terms to see whether it charges foreign transaction fees. Many travel credit cards don't charge them. If your current card does, compare your options before your trip and consider whether a card without foreign transaction fees makes sense for your spending and travel habits.

6. Taking a cash advance on your credit card

A cash advance on your credit card lets you borrow cash against your available credit, but it can be an expensive way to get money while traveling. Unlike a debit card withdrawal, which takes money directly from your bank account, a credit card cash advance is borrowed money that you'll need to repay.

Cash advances typically begin accruing interest immediately, without the grace period that often applies to regular credit card purchases. You may also pay a cash advance fee, often around 3% to 5% of the amount withdrawn. Depending on where you get the cash, ATM fees may apply as well.

If you need cash while traveling, withdrawing money from your bank account with a debit card will generally be less expensive than taking a credit card cash advance. Check your bank's international ATM fees and withdrawal policies before your trip so you know what to expect.

7. Carrying too much cash

It might be tempting to withdraw plenty of cash for your trip, but think carefully about the potential theft or loss of that money. If you have leftover currency at the end of your trip, you'll need to convert that back to U.S. dollars, which isn't convenient and comes at a conversion cost.

Consider using a mix of payment methods to cover your expenses during your trip, such as a credit card that doesn’t charge foreign transaction fees and some cash that you've converted. Keep some backup cash separate from your primary wallet in case of theft or loss.

In certain situations, cash may still be necessary, such as for easily tipping hotel staff or when you’re making small purchases, like buying snacks. It’s also helpful to have cash as a backup in case you experience an issue with your card or a business’ card reader is down, but for safety's sake, don't go overboard with the amount of cash you keep on hand.

Preparing for your trip

There are plenty of ways to access and spend money abroad, but some options can cost significantly more than others. Before you leave, familiarize yourself with your choices and make a plan for how you'll pay for purchases and access cash.

A little preparation can help you avoid unnecessary conversion costs, foreign transaction fees and ATM charges, leaving more of your travel budget for the experiences you planned the trip for.

Put your vacation fund to work

Avoiding unnecessary fees can help you stretch your travel budget once you're abroad, but smart planning can start well before you leave. If you're setting aside money for an upcoming trip, consider keeping your vacation fund in a high-yield savings account or CD, where it can earn interest while you plan.

Use the Bankrate tool below to compare some of today's top savings accounts and CDs and find an option that fits your travel timeline:

Related content

• 23 Best Travel Websites and Apps to Find Deals and Save Money
• How to Find the Best Alternatives to Popular Travel Destinations
• 9 Ways To Save on Your Next Luxury Trip

Sam’s Club shelves are filled with Member’s Mark products, encompassing everything from groceries and prepared foods to paper products and household essentials. This private label can sometimes offer a lower-priced alternative to national brands, helping shoppers to stretch their warehouse-club budget.

But with so many Member’s Mark products available, it can be tricky to determine which ones are worth trying. Since some of these products are sold in large or even bulk portions, you want to be sure they deliver on value before you make a purchase.

We looked at what Sam’s Club shoppers are recommending, including products that repeatedly earn praise in Reddit discussions, to find 10 Member’s Mark favorites worth a try.

What is Member’s Mark?

Member’s Mark is Sam’s Club’s private-label brand, with products spanning groceries, household essentials, clothing and accessories, pet supplies, home decor and more.

Like other Sam’s Club merchandise, Member’s Mark products are backed by the retailer’s 100% satisfaction guarantee. Most items can be returned at any time, although some products, including electronics and alcohol, are subject to different return restrictions.

Private-label brands can help warehouse clubs keep costs down because they typically require less spending on advertising and marketing than national brands. They also give retailers more control over pricing and can help build loyalty by offering products shoppers can’t buy elsewhere.

That can translate into lower prices for members, but a store brand isn’t automatically the best deal. Compare unit prices, especially when buying in bulk, rather than relying on the package price alone. If you find a Member’s Mark product you like just as much as the national-brand alternative, choosing the lower-priced option could help you save.

Household essentials Sam's Club shoppers recommend

Member’s Mark offers plenty of everyday household essentials, and several consistently earn praise from Sam’s Club shoppers. These three picks combine positive shopper feedback with prices that can compete with national brands.

• Member's Mark Ultra Premium 2-Ply Toilet Paper — Member's Mark toilet paper receives some of the strongest recurring recommendations online. Many shoppers praise the quality of the toilet paper, saying it's better than Costco’s TP. The Member's Mark toilet paper's price breaks down to $0.0023 per sheet, while Quilted Northern Ultra Soft & Strong 2-Ply Toilet Paper breaks down to $0.0031 per sheet.
• Member's Mark Select & Tear 2-Play Paper Towels — The 15-roll pack of paper towels is another shopper favorite, offering the opportunity to save on a household staple. The Member's Mark paper towels cost $0.0093 each, while Bounty Select-A-Size 2-Ply Paper Towels cost more than twice as much at $0.19 each.
• Member’s Mark 33-Gallon Power Flex Drawstring Trash Bags — This 90-count package of large trash bags breaks down to a cost of $0.23 per bag. In comparison, you’ll pay $0.25 per bag if you buy a 90-pack of Hefty Ultra Strong 33-Gallon Drawstring Trash Bags.

Member's Mark foods Sam's Club shoppers recommend

• Member's Mark Southern Style Chicken Bites — Another fan favorite, these chicken bites are crafted with white meat chicken and are lightly breaded. They can be prepared with an air fryer, conventional oven or microwave, so they’re a quick option for a snack, party or dinner.  
• Member's Mark Pineapple Spears in Coconut Water — This unusual product gets enthusiastic recommendations. Yes, it costs substantially more than your typical jar of canned pineapple, but the flavor combination makes it a must-try. The pineapple is packed with vitamin C and is an ideal addition to smoothies, desserts, fruit salads and more.
• Member's Mark Fully Cooked Bacon — The 10.5-ounce package of Member’s Mark Fully Cooked Bacon sells for $13.46. It’s frequently mentioned by shoppers online, and since it’s already cooked, it’s an easy addition to breakfasts, BLTs, soups and more. It’s also slightly cheaper than a 10.5-ounce package of Hormel Black Label Fully Cooked Bacon, which costs $15.87.
• Member's Mark BBQ Baked Beans with Brisket— This flavorful side dish is a frequently mentioned item. It combines bites of slow-cooked brisket with molasses and brown sugar for a touch of sweetness. It’s a great choice for a dinner or BBQ side.
• Member's Mark Indian Butter Chicken — Member’s Mark Indian Butter Chicken is one example of the brand’s numerous prepared meal selections. Ready to heat and eat, this convenient 32-ounce meal delivers six servings, perfect for larger families or leftovers.
• Member's Mark Iced Cinnamon Rolls — Ready for breakfast or dessert, Member’s Mark Iced Cinnamon Rolls are a popular bakery pick. They’re crafted with the Member’s Mark Made Without Commitment, meaning they’re free of more than 40 ingredients like high fructose corn syrup and certified synthetic colors.
• Member's Mark Seasoned Rotisserie Chicken — Made fresh daily, Member’s Mark Seasoned Rotisserie Chicken is a simple and affordable mealtime solution. You can pair it with one of the Member’s Mark side dishes or make your own sides. The chicken is crafted without any antibiotics, MSG or artificial flavors or colors.

How to decide if a Member’s Mark product is a good deal

When shopping at Sam’s Club, Member’s Mark products may offer a good deal, but it’s still important to comparison shop. Compare unit prices, not just packaging prices, to get the most accurate idea of how prices compare and whether you’re really saving with a Member’s Mark product.

If you’ll be buying in bulk, consider whether you’ll actually use all of the product before it expires. Some products may be frozen, but others can go stale or can spoil.

When comparing a Member’s Mark product against a national brand, consider the ingredients, size and features. A lower price on a Member’s Mark product isn’t necessarily a better value if you don’t end up liking the product or if you can’t fully use the larger quantity without having to throw out some of the product. Always keep your household’s preferences and habits in mind when deciding which products are the best choice and truly offer the best value.

Related Content

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High-yield savings accounts (HYSAs) are one of the best places to keep your emergency funds and other short-term savings. HYSAs often offer significantly higher APYs than traditional savings accounts, putting your money to work to earn more.

Putting your savings into a HYSA can help maximize what it earns in interest while keeping it accessible if you need the cash. But opening a HYSA doesn't guarantee that you're getting the maximum return on your money.

Small habits and overlooked details might quietly reduce your earnings or keep your money from working as hard as it could. Here are five common HYSA mistakes to avoid.

1. Sticking with a low-rate savings account

Many people keep emergency savings in their primary savings account, where it earns a fraction of the interest it could earn in an online HYSA.

Since online banks don't face the overhead that brick-and-mortar banks do, they often pass those savings along to customers in the form of perks, such as higher interest rates on HYSAs. HYSAs currently offer annual percentage yields (APYs) up to about 4.2%, while traditional savings accounts offer an average APY of 0.38%, according to Experian. Interest on both types of accounts typically compounds monthly, meaning your earnings can generate additional interest over time.

Let’s say you deposit $10,000 into a HYSA earning 4% APY. If the APY remains unchanged and you don't make any withdrawals, you could earn about $400 in interest after one year.

By comparison, that same $10,000 in a traditional savings account earning 0.38% APY would earn about $38 after one year. That’s roughly $362 less than you could earn with a HYSA paying 4% APY.

2. Chasing every tiny APY increase

You want to choose a HYSA that offers a competitive rate, but it’s often not worth the hassle to switch banks every time another institution offers 0.05% or 0.10% more in interest. Interest rates are variable, so making the switch for a small increase in earnings might not pay off.

Instead, look for larger and more meaningful perks:

• Convenience: A bank that offers streamlined digital banking or other banking products you need might be an appealing and more convenient option.
• Customer service: If you’ve had a negative experience with your bank’s customer service, then you might consider changing to another bank with a reputation for excellent customer service.
• Account features: It might be worth it to switch to a bank that offers desirable features such as no monthly fees, a low or no minimum balance and lots of freedom on withdrawals.

3. Keeping all your savings in cash

HYSAs are ideal for your emergency fund and short-term goals, since the money remains easily accessible while earning interest. But HYSAs aren't the ideal solution for long-term savings goals.

If you have money earmarked for retirement goals several years away, it might be better invested or placed in a certificate of deposit (CD). According to Bankrate, CDs earn around 4% APY, with top rates reaching 4.35%.

Unlike HYSAs, in which interest rates are variable, CDs feature a guaranteed rate, and their APY might be even higher than a HYSA. Depending on your timeline, a CD might be an ideal choice for your long-term investments.

Not sure where your savings should go? A financial planner can help you build a strategy for your money based on your short- and long-term goals, including how much to keep accessible in savings and how much to consider investing for the future.

Use the Bankrate tool below to connect with a financial professional who can help you map out your next steps:

4. Forgetting to review your account

Since HYSAs feature variable interest rates, your bank might raise or lower that rate over time. Letting your account sit without periodically reviewing it can be a mistake that might cause you to miss out on potential interest.

Check your account's interest rates a few times a year to ensure that it stays competitive. Check a few weeks after Federal Reserve meetings; if the Fed raises or lowers the benchmark interest rate, your bank might also follow. If your HYSA’s APY drops, consider shopping around to see if you can find an account with a more competitive rate.

5. Ignoring FDIC insurance limits

As with any other banking product, it's essential to verify that your HYSA is insured and your money is protected. The Federal Deposit Insurance Corporation (FDIC) insures up to $250,000 of your money per ownership category, per insured bank.

For example, if you have a HYSA and a checking account at an FDIC-insured bank, then up to $250,000 of the value of those combined accounts is insured.

If you have larger balances exceeding $250,000, consider dividing those balances across multiple banks or multiple ownership categories, such as by putting your money in a single account, a joint account and a trust account.

Contact any bank you use or are considering using, and verify that it’s FDIC-insured so that you know your money is protected. The bank can also help you determine which types of accounts are insured, so you can strategically and confidently choose the best places for your money.

Make the most of your high-yield savings account

Opening a HYSA is a smart first step to putting your money to work, but getting the most from the account requires making an extra effort. Periodically review your APY rate, be sure you understand how the account works, and make sure your savings strategy fits your financial goals.

Performing a few check-ins each year, such as by verifying the HYSA’s current interest rate, can help ensure your cash continues earning a competitive return. It can also ensure that your money stays protected, and your financial strategy stays aligned with your short- and long-term goals and needs.

Savings rates can change frequently, so it pays to periodically compare your account with other options.

Use the Bankrate tool below to explore some of today’s top-earning savings accounts and see whether you could earn more on your cash:

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Credit card debt can quickly become overwhelming, especially when high interest rates make it difficult to reduce your balance even as you make payments. While Experian reports that the average credit card interest rate is 19.35% as of July, rates can reach nearly 30%. If you're only making minimum payments, it can be difficult to keep up.

Your home's equity may offer a way to manage that debt. By borrowing against your home equity, you may be able to pay down or eliminate your credit card balance and potentially reduce the amount you're paying in interest. But using an option such as a home equity line of credit (HELOC) also puts your home on the line.

If you're struggling with credit card debt but have equity in your home, you have options. Before you tap your home equity, make sure you understand how each option works and the risks involved.

When using home equity to pay off debt makes sense

Using home equity to pay off credit card debt can make sense in certain situations. If you have credit card debt with an APR of 20% or higher, for example, a HELOC or home equity loan may offer a lower interest rate and reduce the amount of interest you pay.

But interest rates aren't the only factor to consider. If you can't make the payments on a HELOC or home equity loan, you could potentially lose your home. Before borrowing, make sure the payments comfortably fit your budget and you have a clear plan for paying off the debt.

You'll also need enough home equity to qualify. Many lenders limit how much of your home's value you can borrow against, often requiring you to retain a certain amount of equity in the property.

For example, say your home is worth $400,000 and you owe $250,000 on your mortgage. That gives you $150,000 in equity. If your lender requires you to maintain 20% equity, or $80,000, you may be able to borrow up to $70,000 of your available equity, depending on the lender's requirements and your qualifications.

Compare your options before borrowing

There are several ways to pay down credit card debt, including options that let you borrow against your home equity. Each comes with different costs, requirements and risks, so it's important to compare them before deciding which approach is right for you.

Both a HELOC and a home equity loan use your home as collateral. With a HELOC, you can borrow from a revolving line of credit as needed, up to your approved limit. A home equity loan, on the other hand, provides a lump sum that you repay over a set period.

The biggest downside: You're putting your home on the line

HELOCs and home equity loans are forms of secured debt and typically have lower interest rates than credit cards. But that lower rate comes with a significant risk: Your home serves as collateral. If you fall behind on payments, you could face foreclosure and potentially lose your home.

Even if you have a solid repayment plan, consider how an unexpected job loss, medical bill or other major expense could affect your ability to make payments. HELOCs come with another consideration: They typically have variable interest rates, meaning your rate and monthly payment could increase over time.

Using a HELOC or home equity loan also doesn't address the reason you accumulated credit card debt in the first place. Before taking on new debt to pay off your credit cards, consider what led to the balances and whether you've addressed the underlying issue.

Questions to ask before using your equity

If you're on the fence about using your home equity, these questions may help you decide:

• Can I realistically pay this off? Make sure the monthly HELOC or home equity loan payment comfortably fits into your budget, with room for other expenses.
• Will my monthly payment decrease? Depending on your credit card balance and interest rate, switching to a HELOC or home equity loan may result in only a small reduction in your monthly payment, or none at all.
• Am I solving a temporary problem or creating a bigger one? Consider what caused you to accumulate credit card debt and whether you've addressed that issue before taking on new debt to pay it off.
• Is my income stable? Consider whether you could continue making payments if your income dropped or you unexpectedly lost your job.
• Do I have an emergency fund? Ideally, have enough savings to cover three to six months of living expenses so an unexpected expense doesn't interfere with your debt repayment plan.

Alternatives that may be safer

Using home equity isn't right for everyone, and there are several alternative options that may be safer:

• Debt consolidation loan: A debt consolidation loan lets you combine multiple debts into a single loan with one monthly payment. If you qualify for a lower interest rate than you're currently paying, you could also save money on interest. Compare rates, fees and repayment terms before applying.
• Balance transfer credit card: A balance transfer card may offer a 0% introductory APR for a limited time, allowing you to pay down your balance without accumulating additional interest during that period. Most cards charge a balance transfer fee, and any remaining balance may be subject to a much higher APR once the promotional period ends.
• Debt avalanche method: If you have multiple debts, the debt avalanche method can help minimize interest costs. Make the minimum required payment on each debt, then put extra money toward the debt with the highest interest rate. Once that's paid off, move on to the debt with the next-highest rate.
• Credit counseling: A nonprofit credit counseling agency can help you review your finances, create a budget and develop a plan for paying down debt. Depending on your situation, a counselor may also discuss whether a debt management plan is appropriate.
• Budget adjustments: Look for expenses you can temporarily reduce and redirect that money toward your credit card balance. Even smaller cuts to discretionary spending, such as dining out or entertainment, can give you more money to put toward debt each month.

Your home equity can be a valuable financial tool, but it isn't free money. Borrowing against it means taking on new debt and putting your home at risk if you can't make the payments.

Before using home equity to pay off credit card debt, consider what led to the debt and whether you have a realistic plan for repaying what you borrow. A lower interest rate can save you money, but only if you can comfortably manage the new debt without putting your home at unnecessary risk.

If you’re considering tapping your home equity, refinancing may be another option worth comparing to see how today’s rates and offers could affect your monthly costs.

Use the Bankrate tool below to compare today's top refinance offers:

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The average person holds onto their smartphone for over three years, per Assurant. However, with component prices rising from AI data centers gobbling up resources, your next phone upgrade will likely cost quite a bit more.

How much? FDM CCS Insight found that entry-level smartphones have increased in price by more than 50% since last year. This means that as more people hold onto their phones longer or look at the resale market for replacement options, the care you give your device can make all the difference in the value you receive when you're ready to part with it.

If you're looking to get more value out of your device while you own it and when you trade it in, I am going to show you an overlooked component that might add more value than it costs.

A different way to look at your smartphone protection

Mobile devices are subject to significant daily risks. From frequent travel to the simple reality of accidental drops and physical wear, smartphones are often traded in to keep up with performance demands. However, doing so through a cell carrier frequently resets the duration of your service contract.

Because I tire of being stuck with the same carrier for longer than I have owned some cars, I decided to look into cell phone insurance. And to my surprise, it does offer some value.

I don't think of it as just another bill, but as a hedge against depreciation. A cracked screen or an older phone with a worn-out battery will significantly impact its trade-in value by hundreds of dollars.

Without coverage, a minor accident forces you to consider expensive options: Either pay out of pocket for a repair or do an unplanned upgrade. By having insurance, you are actively protecting your asset's residual value. It means when you're finally ready to trade it in, you're holding a device in peak condition, which will fetch you significantly more money.

How much does cell phone insurance cost?

Having cell phone insurance gives you a cheaper way to maintain your device through the life of ownership. So, what cell phone insurance providers are there? Here's a quick breakdown:

Coverage, costs and deductibles vary by device and plan, so compare your options before enrolling.

But before signing up for insurance, do a device audit. Find out the resale value to determine if insurance is even worthwhile. You don't want to add another monthly payment to protect something only worth a few hundred dollars.

However, since most devices should last you between three and five years, it's worth a closer look if you plan to hold on to your current one longer. This is why shifting the mindset from 'paying for insurance' to 'managing an asset' changes how you view your tech, and can save you significantly when you're ready to upgrade.

Insurance isn't just about peace of mind; it’s a tool to protect your investment. Before you sign up, check your credit card benefits or homeowners policy (which can recover costs from theft, fire or vandalism), then pick the plan that best fits your risk tolerance and your wallet.

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The original Financial Independence, Retire Early (FIRE) movement paved a path to early retirement through aggressive saving and extreme frugality. Today, many people view FIRE as a way to gain financial independence and flexibility, rather than retiring as early as possible.

Many early FIRE advocates aimed to save 50% to 75% of their income, working toward a goal of accumulating about 25 times their annual expenses before retiring.

But in today's world of high housing prices, inflation and healthcare costs, the FIRE movement might feel impossible. While some individuals may have found financial independence through the FIRE movement, there's a shift in the movement and in how people approach financial independence.

Why the FIRE movement is changing

The FIRE movement was popularized in the 1990s, but today's economy is vastly different, and the conversation has shifted from early retirement to financial flexibility.

Take the housing market, for example. According to the National Association of REALTORS, the median existing-home sales price was $114,600 in 1995. By 2023, the median price had climbed to $389,800. Simply buying a home now requires more of your paycheck, making it much harder to save 75% of your income under a traditional FIRE strategy.

Inflation has created additional financial strain, and tariffs and geopolitical tensions have contributed to higher costs for some goods. Healthcare costs have also skyrocketed. According to the Peterson-KFF Health System Tracker, which uses Centers for Medicare and Medicaid Services data, in 1990, annual per-person health spending averaged $2,835 in 1990, or $5,864 when adjusted for inflation. By 2024, per-person annual spending averaged $15,474.

In short, Americans have less left in their paychecks after paying for essentials like housing, food and healthcare. In many cases, consumers are increasingly prioritizing financial stability rather than planning for an early retirement.

Coast FIRE vs. traditional FIRE

Several variations of the FIRE movement exist. The traditional FIRE strategy focuses on building a large portfolio that can fully fund your retirement early, requiring you to save aggressively and potentially change your lifestyle to reflect your early retirement goals.

The Coast FIRE strategy takes a more moderate approach to save enough money early, so your investment portfolio can compound and support your retirement. Once you've amassed enough savings, you might continue to work to cover your living expenses, but early retirement isn't usually the goal. Since you won't be withdrawing from your investment portfolio early, the Coast FIRE strategy may be a more conservative option because it doesn't rely on withdrawing from investments decades before traditional retirement.

If you choose to pursue the Barista FIRE strategy, you'll work to build your savings and ultimately quit your traditional job. From there, you'll combine part-time work with your savings. Many people pursuing Barista FIRE choose to reduce their expenses so part-time income is enough to cover their living costs. Given the availability of freelance and gig work, this strategy may be a solid option for some, but you'll need to consider the limitations and expenses of securing health insurance without full-time employment.

How much money do you need to make work optional?

The amount of money that you'll need to make work optional will depend on everything from your lifestyle to your location and age.

Many individuals use the rule of 25 to determine how much they’ll need in investments to be able to retire. A commonly cited guideline suggests accumulating investments equal to about 25 times your annual expenses. The guideline is based on the widely known 4% rule, which suggests a retiree may be able to withdraw about 4% of a diversified portfolio annually, though there's no guarantee it will work in every market or retirement scenario.

Following the rule of 25, if you make $100,000 a year, you would need approximately $2,500,000 in investments to make working optional. In that situation, the guideline would suggest an initial annual withdrawal of about $100,000.

Emergency savings and retirement assets play a role, too. It's advisable to have at least three to six months of your living expenses in emergency savings. Your retirement assets may play a role, too. In addition to building up 401(k)s and Roth IRAs, consider how other assets, like Health Savings Accounts and rental properties, might support you financially once you no longer work.

Identifying the right balance of assets and the ideal amount of money you need to retire can be tricky, so consider consulting with a financial advisor.

Use the Bankrate tool below to connect with a financial professional who can help you tailor a strategy to reach your retirement goals:

Why many people keep working after reaching financial independence

Becoming financially independent and having the option to retire may sound appealing, but many financially independent individuals choose to continue working.

That's because some individuals enjoy their careers and find their work fulfilling. Some want the social engagement that comes with a career, while others may prefer having the additional income that they're able to generate.

Even if you choose to continue working, having the option to retire on your own terms can be a reassuring milestone.

Is financial independence realistic for average earners?

While reaching financial independence may take longer for average earners, many people can make meaningful progress through consistent saving, investing and keeping expenses under control.

To achieve financial independence, you may need to start early on in your career, and you'll need to be willing to live modestly. Focus on making consistent contributions to your retirement accounts and accumulating emergency savings in a high-yield savings account where your money can earn maximum interest.

Taking steps to increase your income will also help. Look for promotions and overtime opportunities, and consider taking on a side hustle where you can put your skills to work to earn extra money.

Perhaps most importantly, make a budget and stick to it. Your budget may help you identify ways you can cut spending and save money. By consistently living below your means, you can put your money to work for you and lay the pathway toward financial independence.

Financial independence can mean more than retirement

Becoming financially independent doesn't necessarily mean you'll retire early. Instead, it gives you the freedom to decide if, when and how you want to work.

Rather than focusing on reaching a specific retirement age, financial independence offers greater flexibility, security and peace of mind — benefits that can be just as motivating as the prospect of early retirement.

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If you're aiming to retire at the standard retirement age of 65, your 50s can feel like crunch time. Whether you're falling behind or you're pretty sure you're on track, this is the decade to nail down exactly how much you need to save for the retirement lifestyle you want and exactly what it's going to take in these next 10 to 15 years to get there.

At the same time, you might be part of the sandwich generation — those who have been stretched thin by the need to take care of both their aging parents and their older children, all while still trying to keep up with their own financial goals.

Suddenly, you hit 50 and realize the runway to retirement has gotten a lot shorter, and you're not sure if you're anywhere close to where you should be at this point. If that sounds familiar, this checklist should help you get back on track.

4 financial priorities for your 50s

In your 50s, you have one major financial goal: Get your retirement fully funded.

With a few exceptions, anything else will take a back seat for this next decade. The question is less about what your financial priorities should be and more about building a personalized plan to get you where you want to be.

1. Come up with a realistic retirement number

When you first started putting away money in your 401(k) or other retirement accounts, you might have had a vague sense of how much money you needed to save for your golden years. Now that those years are closer, it's time to revisit your goal and, if it's not already, make it more concrete.

You'll find some general rules around what percentage of your current salary you should plan to spend each year in retirement — such as 70% or 80% of your preretirement income — to maintain your current lifestyle. You might have an idea of your expected lifespan based on how long your parents or grandparents lived.

But in reality, the amount you should plan to have for retirement depends on many factors. Do you want to maintain your current lifestyle or do you want to do more, such as travel or rent out your home and retire in an RV for a few years?

This answer can change how much you need to save. Do you have a lot put away already or have you only just started to really save seriously for retirement? This answer can change how much you can realistically save (or what age you can realistically retire). Do you want to hang up your boots right at 65 or do you plan to retire sooner (or later) than that?

The best way to find the magic number that fits your retirement goals and your current financial situation is to meet with a financial planner. More than any online calculator or broad rules of thumb, a professional financial planner can talk through your finances with you and help you create a personalized plan to get you from wherever you are today to where you want to be when you retire.

Use the Bankrate tool below to connect with a financial professional who can tailor a plan to help you reach your financial goals:

2. Start learning about Social Security, Medicare and other retirement benefits now

How much can you expect Social Security to contribute to your retirement income? How much will that number change depending on what age you begin claiming it? If you plan to, say, start a business or take a part time job to keep busy and pad your budget, how will working affect your benefits?

Navigating the paperwork and logistics of Social Security, Medicare or a pension (if you have one) can be complicated, and you don't want to wait until you need that income to figure it all out. If you haven't spent much time learning about how it all works yet, here are a few resources to get you started:

• How to estimate your Social Security benefits
• How to maximize your Social Security benefits
• A guide to Medicare basics
• What is Medigap insurance, and who needs it?
• How does your retirement strategy change if you'll have a pension?
• What happens to your benefits and taxes if you work past retirement age?

These are all great things to discuss with a financial planner, as well. But if you're not ready to work with one yet, take advantage of all the online resources you can right now to familiarize yourself with how it all works.

3. Aim to be debt-free by retirement

If you're still wrestling with debt, the idea of putting anything extra toward retirement might seem impossible. In that situation, think of your debt payments as part of your retirement plan. If you tally up everything you're spending now on your mortgage and other debts, that's the amount you can subtract from your retirement budget — or redirect toward pursuing the hobbies and bucket list adventures you're planning to do in retirement — once you've paid it all off.

Instead of feeling as if those debt payments are holding you back, know that paying that debt down is just as important for your post-retirement future as contributing to your 401(k) is.

4. Prioritize your health now

A healthy retirement is just as important as a fully funded one. Not only does physical health allow you to do more in retirement, it can also be a financial boost by lowering your future medical costs.

Work with your doctor to come up with a comprehensive and personalized diet and exercise plan so you can establish the right healthy habits now to slow the progression of conditions you might already have and prevent ones you don't.

The changes you make now can have a big impact, even if you weren't keeping up with regular exercise or a healthy diet before.

What to do if you're behind on retirement savings

By 55, the typical American has just $185,000 in retirement accounts, according to the Federal Reserve. That's just over two years worth of the median income of $82,150 at that age. In other words, it's not enough to retire on. If you're in a similar situation and feel as if you might never be able to retire, here are a few strategies that can help you catch up.

Max out every retirement account you can

Once you hit 50, the IRS allows you to contribute even more than the standard maximum contributions to your retirement funds. By age 60, you'll enjoy super catch-up contributions to help you reach your goals even faster. All these give you more wiggle room to catch up on your retirement savings if your fund isn't where you want it to be right now.

Before contributing more beyond the tax-advantaged limits on your 401k and IRA, however, make sure you also contribute to your health savings account (HSA) if you have one. HSA contributions are tax-free when you contribute to the account and tax-free when you make a withdrawal — provided you use them for medical expenses.

By treating your HSA like an extra retirement account, you can build up a sort of separate healthcare fund so you're not tapping your main retirement savings to pay for the medical expenses that inevitably come up as you age.

Be realistic about how much financial support you can provide others

As the sandwich generation, you love your kids and your parents. If you can afford to help financially without sacrificing your retirement, that's great. But right now, your top priority needs to be a fully funded retirement, so you might need to set some boundaries.

You can still provide support to your loved ones in other ways. For example, instead of handing your kids cash, consider letting them move back home so they can focus on saving up for their own goals without worrying about rent.

If your parents are struggling to make ends meet, you can help them navigate the paperwork and logistics of setting up the long-term care they need through Medicare or other resources rather than writing the checks yourself.

If you have debt, work on lowering your interest rates

Juggling debt and catch-up retirement savings at the same time can be exhausting and make you feel you're not really making a lot of progress on either goal. To break through that plateau feeling, one of the most accessible tricks that many people overlook is lowering your interest rates.

Every percentage you can shave off that interest rate means more of each monthly payment is paying down the actual principal instead of being eaten up by interest.

Here are a few ways to lower your interest rates:

• Ask for lower rates. You can call your credit card or loan provider and ask for a lower interest rate, and your chances of a yes are better if you have a good track record of on-time payments. But it doesn't hurt to ask regardless of your payment history.
• Use 0% intro offers on credit cards. 0% introductory rates on new cards or balance transfer offers on your existing cards can be a useful way to build momentum on debt repayment. The key is limiting the amount to what you can pay off before the introductory rate expires — and making sure you don't build up new debt now that the old debt is gone.
• Tap home equity to consolidate higher interest debt. By your 50s, you might have built a healthy amount of home equity. Often, home equity loans can come with much better interest rates than you'll find elsewhere. Whether you're battling credit card debt or a high interest auto loan, tapping some of that equity to consolidate that into a lower interest loan can help you pay down debt faster and pay less in interest overall.

These aren't one-off tricks, either. You can repeat these strategies regularly as you chip away at your debt. When your 20% credit card debt is gone, for example, your 10% personal loan becomes the "high interest debt" that you can consolidate into either a better rate loan or a 0% introductory offer credit card.

Use the tool below, powered by Bankrate, to compare today's top home equity offers:

Consider taking a side job

If you don't think you'll get anywhere close to your retirement goal with the amount you're currently able to contribute, it might be worth taking on a flexible second job for the next few years to help you catch up. You can dump those entire paychecks into retirement savings or debt to build some strong momentum toward your financial goals.

This isn't an option for everyone. But if you're able to take on the added stress of a side job for a few years in your 50s, it might be the ticket that unlocks the retirement you've been dreaming about 10 to 15 years from now.

Create retirement back-up plans

Depending on where your retirement savings are at right now, it can help to come up with a few different scenarios for what your retirement might look like. For example, maybe you don't have the savings to fully retire at 65, but you have enough to cut back to part-time work at that age for a few years to finish funding your retirement.

Maybe you're only slightly behind and can pull it off if you push your retirement age up to 67 instead of 65 — or maybe you can retire at 65, but only if you downsize your home and throw that extra equity into retirement.

There are a lot of different ways to retire, and no one size fits all. Even if your alternatives don't sound quite as ideal as the retirement you envisioned, having those back-up plans can help you breathe easier. You'll know that no matter what, you've got a plan in place.

Related content

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• An Essential Money Checklist For Your 40s
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For years, people have been encouraged to build digital libraries of movies, TV shows, music and books. Buying a movie online seems just as permanent as buying a DVD, until it suddenly isn't.

A recent licensing dispute involving Sony has reignited the debate over digital ownership after hundreds of purchased movies disappeared from customers' libraries. While streaming and digital downloads remain incredibly convenient, many customers are realizing that clicking "Buy" often doesn't provide the same ownership rights as purchasing a physical copy.

That realization is helping fuel an unexpected comeback for DVDs, Blu-rays and other physical media. As subscription costs rise and digital content becomes less predictable, owning a tangible copy is beginning to look like a smart financial decision rather than a nostalgic one.

The Sony situation is a reminder that digital ownership has limits

Sony recently removed access to roughly 500 movies from users' digital libraries after a licensing agreement ended. Many affected customers had purchased the movies years earlier believing they would have permanent access. Instead, those titles simply disappeared from their collections.

While the situation frustrated customers, it also highlighted something that many people don't realize when they purchase digital content: in many cases, you're buying a license to access a movie and not ownership of the movie itself.

When you purchase a DVD or Blu-ray, you own that physical copy and can watch it whenever you like. With digital purchases, access depends on licensing agreements between retailers, studios and distributors. If those agreements change, your access can change too.

That's not unique to Sony. Other digital storefronts have also removed purchased content over the years when licensing deals expired or services shut down, reminding consumers that digital ownership often comes with important limitations.

Why your digital purchases can disappear

Most digital purchases work differently than traditional ownership. Instead of buying the content outright, you're typically purchasing the right to access it through a specific platform under certain conditions.

Several situations can cause that access to disappear:

Licensing agreements expire

Movie studios frequently renegotiate distribution rights. If a retailer loses the rights to host certain content, customers may also lose access depending on the licensing terms.

Platforms can shut down

Digital storefronts don't last forever. If a service closes or eliminates support for purchased content, subscribers may have limited options for recovering their libraries.

Rights change hands

Studios regularly merge, sell content libraries or shift distribution strategies. Those business decisions can affect where and whether certain titles remain available.

Account problems happen

Forgotten passwords, hacked accounts or violations of platform policies can temporarily or permanently affect access to purchased digital libraries.

While many companies work to preserve customer purchases whenever possible, the reality is that digital libraries depend on businesses continuing to operate and maintain the necessary licensing agreements.

Why physical media is making a comeback

DVDs and Blu-rays once seemed destined for extinction. But today, they're quietly returning to store shelves, and into collectors' homes.

Even younger movie fans who grew up with streaming are discovering the appeal of owning physical media. Some are browsing thrift stores, used bookstores and secondhand retailers looking for inexpensive DVD collections.

Several factors are driving renewed interest.

Subscription fatigue

Many households now pay for multiple streaming services every month. Instead of subscribing to five or six platforms indefinitely, some people are choosing to purchase the movies they know they'll watch repeatedly.

Movies disappear from streaming

Streaming catalogs constantly rotate. A favorite movie available today may disappear next month when licensing agreements change, forcing viewers to rent it elsewhere, or wait for it to return.

Better picture and sound quality

For home theater enthusiasts, 4K Blu-ray discs often deliver higher video bitrates and lossless audio that exceed what many streaming services can provide.

If you've invested in a large television or surround sound system, physical media can still offer the best viewing experience.

Collectability

Special edition releases, director's cuts, collectible steelbook editions and bonus features continue to appeal to movie fans.

Reliable offline access

Physical media works without internet outages, buffering or changing licensing agreements. Whether you're traveling, living in an area with slower internet or simply want dependable access, DVDs and Blu-rays provide peace of mind.

When buying physical media makes financial sense

Not every movie belongs on your shelf. But buying physical copies can save money in certain situations.

• Movies you watch every year: If you rewatch the same films multiple times, buying a DVD or Blu-ray once may cost less than repeatedly renting or subscribing to services that carry it.
• Children's favorites: Parents know children often watch the same movie dozens of times. Owning those titles avoids the frustration of discovering they're no longer available on your streaming service the day your child wants to watch them.
• Holiday classics: Many families revisit the same holiday movies every season. Purchasing physical copies guarantees they'll be available every December regardless of streaming rights.
• Hard-to-find films: Independent movies, older classics and niche documentaries often rotate on and off streaming services, or disappear entirely. Collectors who value these titles may prefer owning them outright.
• Box sets and special editions: Complete television series, anniversary collections and bonus-feature editions often provide extras unavailable through streaming platforms.

When streaming is still the better value

Physical media isn't replacing streaming for everyone. Streaming continues to make financial sense in many situations.

Casual viewing

If you only plan to watch a movie once, streaming or renting is usually much cheaper than purchasing a physical copy.

Discovering new content

Streaming services offer thousands of movies and shows for a single monthly subscription, making them ideal for viewers who enjoy exploring new releases.

Convenience

There's no need to store discs or switch media between movies. Streaming also makes it easy to watch across multiple devices while traveling.

Lower upfront costs

Building a large DVD or Blu-ray collection requires an initial investment.

For many households, paying one monthly subscription remains the more affordable option, especially if they watch a wide variety of content.

Don’t count physical media out entirely

Streaming isn't going anywhere, and for many households it remains the easiest and most affordable way to watch movies and television. But the recent Sony incident serves as an important reminder that digital purchases don't always provide permanent ownership.

For favorite films, family classics or movies you plan to revisit for years, buying a physical copy can offer something streaming can't guarantee: lasting access that's not dependent on licensing agreements, internet connections or the future of a digital platform.

In an era where "Buy Now" often means "License Until Further Notice," owning a DVD is starting to feel like true ownership again.

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Most people love saving money. But when the cheapest option wears out quickly, those upfront savings can disappear through repeated purchases, wasted time and constant frustration.

That’s become a recurring theme in online communities like Reddit’s r/BuyItForLife, where consumers regularly compare products that lasted decades against cheaper versions that failed after only a few months or years. Many shoppers say they eventually learned the hard way that "saving money" upfront sometimes meant spending more overall.

From office chairs that fall apart after a year to cookware that fades, luggage that breaks mid-trip and phone chargers that constantly need replacing, certain "budget" purchases can trap shoppers in an expensive cycle of replacing the same items over and over.

Avoiding these money traps doesn't mean you need to buy luxury products or overspend on every purchase. Instead, knowing when it's worth paying a little more for better quality can help you avoid constantly replacing things and save money in the long run.

Replacement cycles add up quickly

One of the biggest problems with buying the cheapest option is how quickly those purchases can turn into a cycle of replacing the same item over and over again.

At first, a $40 office chair or $25 pair of shoes might feel like a smart financial decision. But if that chair starts wobbling after a year or those shoes fall apart after a few months, you may end up spending more replacing them repeatedly than if you had purchased something sturdier from the start.

The hidden cost isn't always just the money either. It’s the wasted time researching replacements, dealing with returns, making extra shopping trips and feeling frustrated when something breaks sooner than expected.

The purchases people regret buying cheap

Certain products come up again and again when consumers talk about purchases they wish they had spent a little more on.

Office chairs and mattresses

People who work from home often say they underestimated how important a comfortable chair really is until they started spending eight or more hours sitting in it every day. Cheap office chairs tend to wear out quickly, lose cushioning and offer poor back support. One Reddit user said they finally upgraded to a better office chair after replacing multiple cheaper versions over the years.

When comparing office chairs or mattresses, consider more than the sticker price. Brands such as Herman Miller, Steelcase and HON have earned reputations for durable office chairs backed by strong warranties.

Mattresses are similar. Lower-quality materials may sag prematurely, leading to discomfort and poor sleep. One Reddit user described replacing a mattress after it developed what they called a "sinkhole" in the middle that caused ongoing back pain.

Mattress brands including Saatva, Helix and Brooklyn Bedding are often recommended for their trial periods and warranty coverage. Many shoppers also turn to Costco, whose generous return policy and Kirkland Signature mattress line make it a popular destination for value-conscious buyers.

Shoes and winter coats

Footwear is another category where shoppers often regret prioritizing price over quality. Cheap shoes may wear down quickly, lose support or crack after heavy use. Higher-quality shoes sometimes last years longer and may even be repairable.

When shopping for shoes or winter coats, it's worth paying attention to materials, construction and warranty policies instead of focusing only on price. Footwear brands such as Red Wing, Danner, Blundstone and Birkenstock are frequently recommended for their durability, and some styles can be repaired or resoled to extend their lifespan.

For everyday athletic shoes, brands like Brooks and HOKA are often praised for comfort and support, though replacement is typically recommended after several hundred miles of wear.

Winter coats can also vary dramatically in quality. Better materials, insulation and stitching often make a noticeable difference, especially in colder climates where coats get daily use for months at a time.

For winter coats, shoppers often point to brands such as Columbia, L.L.Bean, Eddie Bauer and Patagonia for dependable construction and customer service. Patagonia offers repair services through its Worn Wear program, while L.L.Bean and Eddie Bauer have long been recognized for standing behind their products.

Retailers like REI are also popular because of their knowledgeable staff and customer-friendly return policy for members.

Luggage

Luggage might not seem worth splurging on until you're standing in an airport with a broken wheel or jammed zipper. Frequent travelers on Reddit often mention eventually upgrading to sturdier luggage after dealing with repeated travel headaches from cheaper sets that didn't hold up well.

Experienced travelers often recommend luggage brands such as Travelpro, Briggs & Riley, Samsonite and Away for their durability and customer support. Briggs & Riley is especially well known for its lifetime repair guarantee, while Travelpro has long been a favorite among airline crews.

Cookware and appliances

Cookware is another area where cheaper products sometimes create more hassle than savings. Thin pans can warp, nonstick coatings may peel quickly and inexpensive kitchen appliances are often difficult or impossible to repair once something goes wrong.

Several Reddit users also pointed out how frustrating it can be when appliances fail after only a few years and replacement ends up being cheaper than fixing them.

When buying cookware, look for durable materials like stainless steel or cast iron that can last for decades with proper care. Brands such as All-Clad, Lodge, Tramontina and Cuisinart are often recommended for balancing quality and value.

For small kitchen appliances, shoppers frequently praise brands like KitchenAid, Breville and Vitamix for their reliability.

Phone chargers and electronics accessories

Many people have experienced the cycle of buying cheap charging cables that fray, stop working or charge inconsistently after a few months. While replacing a charger may not seem like a huge expense, constantly rebuying low-quality electronics accessories can quietly add up over time.

Instead of buying the cheapest charging cable available, consider using accessories from your phone's manufacturer, such as Apple, Samsung or Google, or trusted brands like Anker and Belkin. These companies have built reputations for durable cables, dependable charging and products that meet safety standards, helping reduce the need for frequent replacements.

Why these purchases often fail

Not every inexpensive product is poorly made, but certain items are more likely to wear out quickly when manufacturers cut corners to keep prices low. Products that get heavy daily use, like shoes, office chairs, cookware and appliances, usually need stronger materials and better construction to truly hold up over time.

Here are some of the biggest reasons cheaper products often fail sooner than expected:

• Lower-quality materials: Thin fabrics, weak plastics and low-grade foam tend to break down faster with regular use, especially when exposed to heat, moisture or heavy wear.
• Weak stitching or construction: Poor assembly can lead to issues like broken seams, loose handles, wobbling furniture or parts falling apart much sooner than they should.
• Poor repairability: Some cheaper products are designed to be replaced rather than repaired, making even small fixes difficult or impossible.
• Lack of replacement parts: When replacement batteries, filters, wheels or other parts aren't available, consumers are often forced to buy an entirely new product instead of fixing the old one.
• Short warranties: Limited warranty coverage can sometimes signal that manufacturers don't expect the product to last very long under normal use.
• Planned obsolescence: Some products are intentionally designed with shorter lifespans so consumers will eventually need to replace them and buy again.
• Heavy daily wear and tear: Items used constantly, like mattresses, shoes and vacuums, naturally experience more stress, so lower-quality versions may wear out much faster.

When spending more actually saves money

This is where the idea of "cost per use" becomes helpful. Instead of focusing only on the sticker price, some shoppers calculate how much value they'll get from an item over time.

For example, a $200 pair of boots worn regularly for 10 years may ultimately cost less per wear than replacing a $50 pair every winter. That doesn't mean you always need the most expensive version. But it can make sense to pay a little more for products that are:

• Used daily
• Difficult to replace
• Important for comfort or safety
• Repairable
• Backed by longer warranties

Shoppers in online discussions often say they now pay closer attention to things like warranty coverage as well as material quality and whether replacement parts are available before making bigger purchases.

How to know when quality matters most

One helpful way to decide where it's worth spending a little more is to consider how often you use something and how much it affects your daily comfort, convenience, or safety.

A common rule of thumb is to prioritize quality for things that separate you from the ground, including:

• Shoes
• Mattresses
• Tires
• Office chairs

These purchases directly impact your body and overall comfort. Cheap shoes can lead to foot pain, poor mattresses can affect sleep quality and low-quality office chairs may contribute to back or neck strain over time.

It can also make sense to spend more on items you use almost every day. For example, if you cook frequently, investing in durable cookware or reliable kitchen appliances may save you from replacing warped pans or broken gadgets every few years.

Another factor to consider is repairability. Products with replaceable parts, longer warranties or repair options may last significantly longer than items designed to be disposable. Before buying, it can help to check whether replacement parts are available and read reviews that discuss the item's long-term durability rather than just first impressions.

At the same time, not every purchase needs to be built to last forever. Trend-based items, seasonal décor or products you rarely use may not require premium materials or top-tier pricing.

You don't always need the premium version

While some products are worth upgrading, there's also a point where spending more stops providing meaningful value.

For many purchases, the best option is often somewhere in the middle: not the cheapest version, but not the luxury version either.

Take kitchen appliances, for example. A basic coffee maker that costs too little may break after a year, but a high-end model with dozens of specialty features may not make sense for someone who simply wants a reliable cup of coffee each morning. In many cases, a well-reviewed mid-range product offers the best balance between durability, functionality and price.

The same idea applies to clothing, electronics and household items. Paying more for solid materials, good reviews and dependable performance can be worthwhile, but chasing every premium upgrade or luxury feature can quickly lead to overspending.

You can save money by focusing on value instead of branding alone. Reading reviews carefully, comparing warranty coverage and choosing products based on actual needs can help you avoid both cheaply made products and unnecessary splurges.

Trying to save money is important, especially as everyday costs continue to rise. But some purchases end up costing more in the long run when they need to be constantly replaced. Being intentional about which purchases deserve a little extra investment can help you save money over time, avoid constant replacements and get more value out of the things you use every day.

Every smart purchase is part of a bigger financial plan. Use the Bankrate tool below to connect with a financial advisor to build a strategy that helps you make the most of your money:

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Summer has a way of making spending feel effortless. A weekend getaway turns into an extra hotel night. Family outings become a regular occurrence. The kids are home from school, grocery bills creep higher, and those "limited-time" summer sales make it easy to justify purchases you hadn't planned on.

Then August arrives, and reality sets in. You open your banking app to find a credit card balance that's higher than expected, your emergency fund isn't what it used to be and your next paycheck already has a job before it even hits your account.

If that sounds familiar, you may be dealing with what's often called a financial hangover. It’s the lingering effects of spending more than you intended during a season that's naturally packed with extra expenses.

The good news is that a financial hangover doesn't have to become a long-term financial setback. By making a few strategic adjustments now, you can recover before fall routines settle in and the holiday shopping season puts even more pressure on your budget.

Signs you have a summer financial hangover

Not every financial hangover looks the same. Sometimes it's obvious, like carrying more credit card debt than usual. Other times, it's the stress of feeling like you're constantly playing catch-up.

Here are a few signs your summer spending may have gotten ahead of you:

Your credit card balance is higher than normal

If you relied on credit cards for vacation expenses, restaurant meals or impulse purchases during summer sales, your balance may be noticeably higher than it was a few months ago.

That's not necessarily a problem if you can pay it off quickly. But if the balance is large enough that you'll be carrying it for several months, interest charges can make those summer memories much more expensive.

Your emergency fund took a hit

Many families dip into emergency savings for travel, home repairs or unexpected summer expenses with every intention of replacing the money later. If your savings account is lower than you're comfortable with, it's worth making rebuilding it a priority before the next unexpected expense comes along.

You're relying on your next paycheck to catch up

When every paycheck is already spoken for before payday arrives, it's often a sign that recent spending has outpaced your current income.

If you're using each paycheck to cover purchases from previous weeks instead of current expenses, that's a signal it's time to reset your budget.

You feel anxious checking your bank account

Financial stress isn't always about the numbers. If you've started avoiding your banking app, delaying bill payments or feeling anxious every time you check your balance, your finances may need attention.

Ignoring the problem rarely makes it better. Taking inventory, even if the numbers aren't what you hoped, is the first step toward getting back in control.

Figure out where the money actually went

Before cutting expenses, understand exactly what happened.

Go through your bank and credit card statements from the past two or three months and group your spending into broad categories such as:

• Vacations and travel
• Dining out
• Entertainment
• Kids' activities
• Shopping
• Home improvement
• Everyday household expenses

You may discover that no single purchase caused the problem. Instead, dozens of smaller expenses like ice cream stops, concert tickets, extra gas, beach gear and restaurant meals, added up over time.

This exercise also helps you distinguish between one-time seasonal spending and habits that may continue into fall if left unchecked.

Don't try to fix it overnight

After seeing higher balances or lower savings, it's tempting to make drastic moves to erase the damage as quickly as possible.

In many cases, that's exactly what you shouldn't do.

Avoid cashing out retirement accounts or borrowing from long-term investments just to eliminate short-term debt. The taxes, penalties and lost investment growth can cost far more than carrying a manageable balance for a few extra months.

Also, don't assume a balance transfer is automatically the right solution. Promotional offers can be helpful if they significantly reduce interest costs and you have a realistic plan to pay off the balance before the introductory period expires. But balance transfers often come with fees, and moving debt without changing spending habits simply delays the problem.

Instead, build a repayment timeline you can realistically stick with. Even paying an extra $100 to $300 per month toward credit card balances can make meaningful progress without putting the rest of your finances at risk.

Cut back temporarily, not forever

One reason many budgets fail is because they rely on permanent deprivation. A better approach is recognizing that many of summer's biggest expenses naturally disappear as routines return.

Rather than eliminating everything you enjoy, temporarily reduce spending in areas that tend to slow down anyway, including:

• Dining out
• Entertainment
• Online shopping
• Weekend road trips and day trips

As school resumes, sports schedules return and vacations come to an end, you may find these expenses decline without requiring dramatic lifestyle changes.

Treat this as a seasonal reset rather than a permanent restriction. Redirect the money you would have spent on summer extras toward paying down debt or rebuilding savings for the next few months.

Rebuild your emergency fund before the holidays

If your emergency fund took a hit this summer, don't wait until January to replenish it. The months before the holiday season offer an ideal opportunity to rebuild your cash reserves before year-end expenses arrive.

Set a realistic savings target based on your current budget. Even automatic transfers of $25 to $100 per week can gradually restore your emergency fund without feeling overwhelming.

Having cash available before the holidays also makes it less likely you'll rely on credit cards for unexpected expenses later in the year. A high-yield savings account can be a smart place to rebuild your emergency fund, helping your cash earn more while staying within easy reach.

Use the tool below, powered by Bankrate, to compare today's top savings account offers:

Put your fall budget on autopilot

As routines settle down, now is the perfect time to update your budget based on what summer actually costs and not what you hoped it would cost.

Consider making a few simple adjustments:

• Restart automatic transfers to savings if you paused them.
• Review recurring subscriptions and cancel services you're no longer using.
• Increase budget categories that consistently ran over during summer while trimming categories you rarely used.
• Begin setting aside money now for holiday shopping, travel and year-end expenses.

Planning ahead can help prevent another cycle of overspending just a few months from now.

A summer financial hangover can feel discouraging, but it doesn't mean you've failed financially. Summer often brings higher spending on travel, family activities and seasonal fun, and many households end the season with a budget that needs a tune-up.

The important part isn't trying to erase every extra dollar overnight. It's recognizing where your money went, making thoughtful adjustments and using the return of fall routines as an opportunity to reset.

By paying down debt, rebuilding your emergency savings and planning ahead for the holidays now, you can finish the year on much stronger financial footing.

Turn today's financial decisions into tomorrow's retirement plan.

Use the tool below, powered by Bankrate, to connect with a financial professional who can help you build a personalized roadmap toward your financial goals:

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Iconic vacation spots become iconic for a reason. But many of these spots have surged so far in popularity that it's not always a fun experience to visit there anymore when you have to mingle with intense crowds.

That's true even within the U.S., where certain parks, beaches, trails and cities are getting uncomfortably overrun. That's a growing concern in 2026 as Americans are continuing to spend more on domestic travel amid both inflation and U.S.-centric events like the World Cup and America 250.

The solution for travelers? Look into "second-city tourism," a travel trend where you pick a spot that offers a similar experience but is less well known. With that in mind, I took a look at seven popular trips people tend to take during the fall within the U.S., and found more unique, alternative itineraries for each one. Here are your choices for an incredible autumn vacation that feels a little more off the beaten path.

National park? Instead of Yellowstone, head to the Grand Tetons.

Yellowstone is easily one of the most famous and busiest national parks in the country, and for good reason, of course. But during the fall, you can escape some of the crowds and have a picturesque experience by opting for the Grand Tetons instead.

September and October are widely considered the quietest months to visit there but still have a good experience. You'll see beautiful fall foliage amid the mountain scenery (plus, the crisp weather is an asset during hiking). It's also elk mating season, which is an interesting phenomenon to be present for.

Spooky small town? Instead of Salem, head to Sleepy Hollow.

If you get into the Halloween spirit in the fall, you probably want to visit a town that does the holiday right. Salem, Massachusetts (notorious for its history of witch trials) gets over a million visitors in October.

To avoid the throng of visitors but still get the haunted vibes, Sleepy Hollow in New York offers a similar experience. The site of the iconic ghost story "The Legend of Sleepy Hollow," this small town has nightly cemetery tours, a haunted hayride, homes and businesses boasting incredible Halloween decor, and even possible sightings of the famous Headless Horseman.

It's the perfect way to get a historic, seasonally haunting experience without the packed crowds.

West Coast, nature-focused trip? Instead of Big Sur, head to Cannon Beach.

We all know there are incredible views and activities by the Pacific Ocean, but many people opt to stick to California when planning a West Coast beach trip. And while Big Sur is fantastic, heading up north to Oregon — Cannon Beach, specifically — offers you a beautiful trip that's a little more off the beaten path.

Visitors to the Cannon Beach area can explore the beach, where you can see tidal pools, and Ecola State Park, which lets you hike along coastal cliffs and through a forest. During the fall season, enjoy keeping an eye on whale migration. Plus, it's a cozier, more intimate time to be there, as many locals say it's even prettier during the stormier seasons.

One more added bonus if you're traveling with teenagers: You can road trip down the coast to see the dunes that inspired Dune, ahead of the new movie coming out this winter.

Big city? Instead of New York City, head to Philadelphia.

New York City may be the biggest city in the United States, but just two hours away, you can indulge in the arts, eat incredible meals, learn about history and generally enjoy the vibes of a larger city on a much smaller (and less expensive) scale.

You don't need the Met: The Philadelphia Museum of Art has a wonderful art collection with works by famed painters Monet and Degas. The Philadelphia Magic Gardens rivals any spot in NYC for Instagram-worthy charm. The Reading Terminal Market has food options just as good (and often even better) than Chelsea Market.

In the fall, you can catch a show at Opera Philadelphia, which even The New York Times has been raving about in recent years. They're producing a rarely performed Mozart opera with superstar singers Lawrence Brownlee and Anthony Roth Costanzo in September. Plus, fall is the perfect time to be in Philly if you're a sports fan. Eagles fans are, for better or worse, some of the most passionate in the country.

Are the mountains calling? Instead of Aspen, head to the Great Smoky Mountains.

Aspen might generate more social media chatter with its skiing opportunities and dramatic views of the Rocky Mountains, but during the fall, the Great Smoky Mountains in Tennessee offers even more beautiful sights. The fall foliage is in full bloom, the weather is much more comfortable for long days hiking, and it's still warm enough to camp.

You can also attend fall festivals in nearby towns like Gatlinburg, Tennessee. The Smoky Mountain Harvest Festival runs during September and October and offers the opportunity to buy local crafts, check out unique pumpkin carvings and see live performances. It's the perfect complement to a fall camping trip.

Winery-focused trip? Instead of Napa, head to Carmel Valley.

Tourists flock to California's wineries during the fall as it's the harvest season, which means there is more activity going on than ever – plus, the vineyards turn absolutely striking colors during this time, too. And while Napa is easily the most famed location for a wine tour, there are other equally charming options.

Consider Carmel Valley, also in California. It's a much less crowded place, but it's still famous for its wine and natural beauty. Because there are fewer people, you can have a more intimate experience and really get to know local winery owners, too.

Southern city with unique history? Instead of New Orleans, head to St. Augustine.

Everyone knows the South can get very hot and humid, which makes autumn one of the perfect times to head that way: It's much cooler and more bearable during these months.

Plus, it can be one of the best places to celebrate Halloween. New Orleans has a fascinating history rife with ghost stories, but St. Augustine in Florida offers a similar experience with less intense crowds.

Tourists can still take unusual ghost tours, learn about unusual history (it is usually dubbed the oldest city in America), and take in incredible southern architecture, but it all feels a little slower-paced and more accessible here.

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Recent changes in the housing market bring good news for home buyers. According to Realtor.com’s June 2026 housing trends report, asking prices are easing and buyers have more leverage than they've had in recent years.

The national median listing price was $430,000 in June, down 2.5% year-over-year. It marks the eighth consecutive month of year-over-year asking price decline.

Falling asking prices may be a sign that sellers are becoming more flexible. Rather than holding out for pandemic-era prices, they're adjusting to current market conditions, giving buyers more opportunities to negotiate and some welcome relief on price.

1. More sellers are cutting prices

An increase in price cuts is an encouraging sign for buyers. In June, about 18.8% of active listings had a price reduction, suggesting that more homes are sitting on the market longer and sellers may be becoming more willing to negotiate.

Buyers can use that information to their advantage. A home's price history, the number of days it has been on the market and any previous price reductions can all help you gauge how much negotiating power you have.

If a property has been listed for several weeks or has already seen multiple price cuts, you may have room to negotiate a lower purchase price or ask the seller to cover closing costs, pay for repairs or offer other concessions.

2. Buyers have more homes to choose from

According to the report, active home listings increased 1.9% year over year and 4.1% from May. More homes on the market give buyers more options and reduce the pressure to make rushed decisions or waive important protections, such as a home inspection.

Increased inventory can also reduce competition, making bidding wars less common and giving buyers more room to negotiate. Even so, inventory remains below pre-pandemic levels nationally, and conditions vary widely by region.

In the South and West, active listings now slightly exceed pre-pandemic levels, giving buyers considerably more choice. In contrast, the Northeast continues to face a significant housing shortage, with active listings still 47.3% below pre-pandemic levels, the largest inventory gap in the country.

3. Homes are no longer taking longer to sell

For the past 26 months, homes took longer to sell than they had a year earlier, but that trend leveled off in June. The median home spent 53 days on the market, unchanged from the same month last year. While homes aren't lingering longer than they were a year ago, time on the market remains an important indicator for buyers.

A home's listing history can provide valuable clues about a seller's motivation. Properties that have been on the market for 60 days or longer may be overpriced or attracting less buyer interest, making sellers more open to negotiating. Even homes that have been listed for 30 days without an offer may present opportunities to ask for a lower purchase price, seller-paid closing costs or other concessions.

Rather than focusing only on the asking price, look at how long the home has been listed, whether the price has been reduced and how similar homes in the area have sold. Together, these factors can help you decide how aggressive to be with your offer.

4. The summer slowdown could work in your favor

Buyers shopping this summer may have another advantage: the seasonal slowdown. Housing activity often cools in July as vacations, family schedules and the back-to-school season pull attention away from home shopping. June's increase in price reductions and slower pace of new listings suggests that seasonal shift may already be underway.

A slower market can give buyers more breathing room to compare homes, negotiate with sellers and avoid the intense competition that's common during the spring buying season.

If listings continue to linger on the market and price reductions become more common, buyers may find even more opportunities to negotiate on price, closing costs or other seller concessions.

5. Your local market matters most

While buyers have more room to negotiate in many parts of the country, market conditions still vary widely by region. Since the national price peak in June 2022, asking prices have fallen 7.3% in the West and 3.5% in the South.

In contrast, asking prices have continued to rise, increasing 10% in the Midwest and 12.6% in the Northeast.

That's why national housing headlines only tell part of the story. Before making an offer, research what's happening in your local market. Review recent comparable sales, track how long homes are staying on the market and pay attention to price reductions in the neighborhoods you're considering.

A local real estate agent can also help you understand current market conditions and advise how aggressively to negotiate.

How to use your leverage when making an offer

Knowing you have more negotiating power is only half the equation. Using that leverage strategically can help you secure a better deal without stretching your budget. Before making an offer, keep these tips in mind:

• Research comparable sales. Look at recent sales in the neighborhood, how long the home has been on the market and whether the seller has already reduced the asking price. These details can help you determine how competitive your offer needs to be.
• Lean on your real estate agent. A local agent can provide insights into market conditions, recent comparable sales and the seller's negotiating position to help you decide on a fair offer.
• Negotiate more than the price. Depending on the market, you may be able to ask the seller to cover closing costs, make repairs before closing or provide credits after the home inspection.
• Don't rush to waive contingencies. Unless you're competing in an exceptionally hot market, think carefully before giving up protections such as a home inspection just to strengthen your offer.
• Keep affordability first. More negotiating power doesn't automatically make a home affordable. Before shopping, determine how much home you can comfortably afford based on your income, expenses and long-term financial goals. If a home still stretches your budget after negotiations, it's better to walk away than overextend yourself financially.

Your mortgage interest rate plays a major role in your monthly payment.

Use the tool below, powered by Bankrate, to compare today's top mortgage offers:

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Some people spend decades building up credit card rewards. Frequent travelers might accumulate hundreds of thousands of airline miles or hotel points, while everyday spending can generate sizable cash-back balances and flexible rewards over time.

Those rewards can represent real value, but what happens to them after you die isn't always straightforward. Unlike money in a bank account, credit card rewards are governed by the terms of each card issuer and loyalty program, which determine whether your heirs can inherit or redeem them.

Depending on the program, your family might be able to claim those rewards, or they could be forfeited when the account is closed. Understanding the rules before they're needed can help prevent valuable points and miles from being lost during estate settlement.

Can your heirs inherit airline miles?

Credit card rewards have become more valuable than ever. Americans redeemed $20 billion more in rewards in 2024 than they did five years earlier, leaving many cardholders with sizable balances of airline miles and hotel points. That makes it worth understanding whether those rewards can be passed on to your heirs as part of your estate plan.

Airline policies vary widely. Some carriers, including Delta Air Lines and JetBlue, generally close a deceased member's account and don't allow miles to be transferred after death. However, JetBlue's Family Pooling feature lets eligible family members share points during the account holder's lifetime, reducing the risk that rewards will be lost later.

Other airlines are more flexible. United Airlines, for example, says it might transfer all or a portion of a deceased member's miles to an authorized person. The executor might need to provide documentation, such as a death certificate or proof of executor status, and in some cases pay a transfer fee.

Because every loyalty program has its own rules, reviewing your airline's policy before it's needed can help your heirs understand what they might be able to inherit and what steps they'll need to take to claim eligible rewards.

What happens to your hotel points?

Like airline miles, hotel loyalty programs have different rules for whether your heirs can inherit points after your death. Some programs allow points to be transferred to a beneficiary, while others limit who can receive them or require specific documentation.

For example, Hilton and IHG Hotels & Resorts allow points to be transferred after a member's death if the required documentation is submitted within one year. Marriott International generally limits transfers to a legal spouse or the person named in the member's will.

Because every hotel loyalty program has its own rules, reviewing them in advance can help your heirs understand whether points can be transferred and what documentation they'll need to claim them.

Are credit card rewards treated differently?

Credit card rewards aren't limited to airline miles and hotel points. Depending on the card, you might have accumulated several types of rewards over the years, and each could have different redemption or inheritance rules.

Before determining what your heirs may be able to claim, it's helpful to understand the different types of rewards a credit card can offer.

• Cash-back balances: Rewards earned from everyday purchases that can often be redeemed as a statement credit, direct deposit or gift card.
• Flexible rewards points: Credit card points that could be transferred to participating airline or hotel loyalty programs or redeemed through the card issuer.
• Travel portal rewards: Points that can be redeemed through a credit card issuer's travel booking portal for flights, hotels, rental cars and other travel expenses.
• Statement credits: Credits applied directly to a credit card account, such as merchant refunds, promotional offers or certain rewards redemptions, that reduce the account balance.

These rewards can represent significant value, but whether your heirs can claim them depends on the credit card issuer. Some issuers forfeit unused rewards when an account is closed, while others allow an estate to redeem them or convert them to cash.

For example, Capital One converts eligible miles to cash after being notified of a cardholder's death. The value is first applied to any outstanding account balance, and any remaining funds are typically sent to the estate after the required documentation is provided. JPMorgan Chase follows a similar approach by automatically redeeming Ultimate Rewards points for a statement credit.

Citigroup takes a different approach. According to its estate services guidance, an estate representative could redeem a deceased cardholder's ThankYou points, but the rewards generally must be claimed within one year of the cardholder's death.

Because every issuer has its own policies, reviewing your credit card's rewards terms now can help your heirs understand what they might be able to inherit.

Does being an authorized user help?

Being an authorized user might help, but it doesn't automatically give someone ownership of the credit card rewards. Authorized users are permitted to make purchases with the card, but the primary account holder remains responsible for the account and typically retains ownership of any rewards earned.

In some cases, a family member who already has access to the account may be able to redeem rewards before the account is closed. However, what's allowed depends on the credit card issuer's policies.

How families can avoid losing rewards

A little planning now can help your family avoid losing valuable rewards later. Consider taking these steps:

• Keep a list of rewards accounts: Your family will need this list to know where to look for potential rewards.
• Document login information securely: Keep account credentials in a secure location, such as a password manager or estate-planning document, so your executor can locate your accounts if needed.
• Review program transfer rules: Every loyalty program has different rules for transfers after death. Review those policies in advance so you understand your options.
• Redeem rewards periodically: It’s possible that heirs might run into roadblocks when trying to transfer rewards. Consider periodically redeeming those rewards so they don’t go to waste.
• Discuss rewards as part of estate planning: Discuss your rewards accounts with your estate planning attorney and include any relevant instructions in your estate documents.
• Include loyalty accounts in estate inventories: Make sure your inventory includes airline, hotel and credit card rewards accounts so they aren't overlooked during estate settlement.

Rewards aren't an estate asset in the traditional sense

Loyalty programs usually retain broad authority over rewards balances, so rewards don’t function as an estate asset in the traditional sense. While you have full power and control of the balance in your bank account, points and miles are governed by program terms, and the points might be changed or canceled.

While rewards points might seem insignificant compared to retirement accounts or real estate, they can still have meaningful value and might be a sizable portion of an estate. By understanding the program rules in advance, your family can maximize those benefits, rather than losing them during estate management.

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Mortgage rates have settled into a holding pattern, giving homebuyers a clearer picture of borrowing costs even if financing remains expensive. The average 30-year fixed mortgage rate was 6.49% for the week ending June 25, according to Freddie Mac, and has hovered around the mid-6% range for the past six weeks. While that's lower than the 6.77% average a year ago, it hasn't been enough to reignite home sales.

At the same time, housing inventory is improving in many markets, sellers are becoming more willing to negotiate, and the national median listing price has declined year over year while inventory has climbed to a two-year high, according to Realtor.com. Yet, despite more choices and relatively steady mortgage rates, many buyers remain on the sidelines.

That's because today's affordability challenge extends well beyond the interest rate. Homeowners insurance, property taxes, utilities, HOA fees and maintenance costs have all climbed sharply in recent years, making the true cost of homeownership much higher than the monthly mortgage payment alone.

Mortgage rates are only part of the affordability equation

For the past several years, mortgage interest rates have dominated conversations about housing affordability — and for good reason.

Even a one-percentage-point change in mortgage rates can significantly affect a monthly payment. But many prospective buyers are discovering that lower rates don't automatically make homeownership affordable.

While rates have eased somewhat, home prices remain elevated in many markets, and other ownership costs continue to climb. Mortgage interest rates may influence whether someone can qualify for a loan, but taxes, insurance, utilities and maintenance costs determine whether they can comfortably afford the home after closing.

The monthly mortgage payment is only one line item in a much larger budget.

Home insurance costs are rising across the country

One of the fastest-growing housing expenses is homeowner's insurance.

Insurance premiums have increased in many states in the past few years due to higher rebuilding costs, more frequent severe weather events and increased claims activity. Some insurers have reduced coverage in high-risk regions altogether, limiting competition and pushing premiums higher.

States prone to hurricanes, wildfires, tornadoes and flooding have experienced some of the steepest premium increases, but rising insurance costs are no longer confined to high-risk regions. According to LendingTree, homeowners insurance rates nationwide climbed nearly 47% from 2020 to 2025, adding hundreds of dollars or more to many homeowners' annual housing costs.

A property that seems affordable based on the mortgage payment alone might carry insurance costs hundreds of dollars higher per month than expected. Unlike a fixed-rate mortgage, insurance premiums can continue rising year after year.

Use the tool below, powered by Bankrate, to compare some of today's top home insurance offers and save:

Property taxes, HOA fees and utilities add up

Property taxes are another major expense many buyers underestimate. Tax bills vary widely by state, county and municipality, so two similarly priced homes can come with dramatically different annual property taxes. In many areas, rising home values can also trigger higher assessments over time, increasing tax bills even if your mortgage payment stays the same.

Homeowner association (HOA) fees can further increase monthly housing costs. Many condominiums, townhomes and planned communities charge monthly dues that range from $200 to $300 for single-family homes, according to RubyHome, though fees can be significantly higher in some communities.

HOA fees have become a growing consideration for buyers, as 67% of newly completed homes in 2024 were part of an HOA. Some associations also levy special assessments to pay for major repairs or capital improvements.

Utility costs are another expense that can strain a household budget. As electricity, water and natural gas prices continue to rise in many parts of the country, monthly utility bills can add up quickly. When combined with property taxes, insurance and HOA fees, these ongoing expenses can add hundreds or even thousands of dollars each year to the true cost of homeownership.

The real cost of owning a home

Many buyers focus on the principal and interest payment when estimating affordability.

But a more realistic housing budget includes:

• Principal and interest
• Property taxes
• Homeowners insurance
• HOA fees
• Utilities
• Maintenance and repairs
• Landscaping and lawn care
• Emergency home expenses

Consider a $400,000 home purchased with a 10% down payment and a 6.5% mortgage rate. While the monthly principal and interest payment would be about $2,275 (based on a $360,000 loan), that's only one part of the cost of homeownership.

Once you factor in property taxes, homeowner's insurance, utilities and ongoing maintenance, the true monthly cost can be more than $3,300.

Estimates are for illustrative purposes only and will vary by location.

For many first-time buyers, these ongoing expenses come as a surprise. Financial experts generally recommend setting aside 1% to 2% of a home's value each year for maintenance and repairs.

On a $400,000 home, that's about $4,000 to $8,000 annually, or roughly $333 to $667 per month.

Why many buyers are still priced out

Mortgage rates are only one reason housing affordability remains strained. Home prices are still significantly higher than they were before the pandemic, even as appreciation has slowed in some markets. According to Zillow, U.S. home values have increased 45.3% since February 2020, meaning roughly 11 years of typical home-price growth occurred in just five years.

Meanwhile, wage growth has struggled to keep pace with the combined increases in housing costs.

Many buyers who can technically qualify for a mortgage are finding it difficult to comfortably absorb higher insurance premiums, taxes and maintenance costs alongside everyday expenses like groceries, healthcare and transportation.

That's one reason inventory is growing in many areas while sales remain relatively slow. Buyers might have more options to choose from, but affordability remains a challenge.

How buyers can lower their housing costs

While buyers can't control mortgage interest rates or home prices, they can take steps to reduce the overall cost of homeownership and avoid unpleasant surprises after closing.

Shop for homeowners insurance before making an offer: Insurance costs can vary significantly between carriers and neighborhoods. Comparing quotes early can help buyers identify potential affordability issues before they commit to a property.

Compare property taxes between communities: Two similarly priced homes might come with very different tax bills. Looking beyond the purchase price and comparing local tax rates can reveal long-term savings.

Factor HOA fees into affordability calculations: A lower-priced home with high HOA fees might end up costing more than a slightly more expensive home without them.

Consider smaller homes or different neighborhoods: A lower-price home with high HOA fees might ultimately cost more each month than a slightly more expensive home without them. Be sure to include association fees when evaluating affordability.

Consider smaller homes or different neighborhoods: Expanding your search radius, choosing a smaller home or exploring nearby communities can reduce both upfront costs and ongoing expenses such as taxes, insurance and maintenance.

Build maintenance into the budget: Homeownership comes with ongoing repair and replacement costs. Whether it's a new water heater, HVAC repair, roof replacement or plumbing issue, unexpected expenses are inevitable. Setting aside money in a dedicated home maintenance fund can help you cover these costs without relying on credit cards or dipping into your emergency savings.

Affordability doesn't end at closing

It's easy to focus on mortgage rates when you're thinking about buying a home, but they're only one piece of the affordability puzzle. Homeowners insurance, property taxes, utilities, maintenance costs and HOA fees can add hundreds or even thousands of dollars to the true monthly cost of ownership.

The good news is that buyers have more options today than they did a year or two ago. Inventory is improving in many markets, and sellers are becoming more willing to negotiate. But before making an offer, it's important to look beyond the mortgage payment and evaluate all the costs that come with owning a home.

Understanding the full picture can help you choose a home that not only fits your budget today, but remains affordable for years to come.

Use the tool below, powered by Bankrate, to compare some of today's top mortgage offers:

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It can feel like there's always a sale happening. Right now, shoppers are being bombarded with promotions from Amazon Prime Day, Walmart Deals and other summer sales events, all promising big discounts and limited-time offers. But just because something is on sale doesn't mean it's the best time to buy.

Many of the biggest savings happen when retailers are clearing out seasonal inventory, making room for new models or trying to boost sales during slower shopping periods. That's why timing can matter just as much as the item you're purchasing.

Buying a refrigerator during a major holiday sale, waiting until the end of summer for patio furniture or shopping back-to-school promotions for electronics can often lead to bigger discounts than shopping during a headline-grabbing sales event.

Instead of focusing on a single shopping holiday, it helps to look at the retail calendar as a whole. Certain products tend to go on sale at the same times every year, making it easier to plan larger purchases and avoid paying full price. Here's a month-by-month guide to some of the best times to buy household goods, electronics, seasonal items and more throughout 2026.

January

Best buys: TVs, fitness equipment, gym memberships, bedding, towels, linens, holiday décor and winter clearance items

January is one of the strongest months for bargain hunters. Retailers heavily discount TVs ahead of the Super Bowl as shoppers upgrade their home entertainment setups. You’ll often find markdowns on large-screen TVs, soundbars and streaming devices throughout the month.

Fitness equipment and gym memberships also go on sale as companies capitalize on New Year’s resolutions. Expect deals on treadmills, weights, exercise bikes and fitness subscriptions.

January is also prime time for clearance shopping. Holiday décor, wrapping paper and winter seasonal items are deeply discounted after Christmas. Many department stores also hold traditional "white sales," which focus on bedding, towels and linens.

February

Best buys: Mattresses, furniture, appliances, winter apparel and winter sports gear

February is one of the best months to find deals on big-ticket household purchases, thanks to Presidents' Day sales. Mattress retailers often compete aggressively during the holiday weekend, offering deep discounts, free delivery and bundle deals that can rival some of the best promotions of the year.

Furniture stores also begin clearing older inventory to make room for new spring collections. If you're shopping for a sofa, dining table, bedroom set or other large furniture purchase, February can be a good time to buy before new styles arrive and prices reset.

You'll also find growing clearance sales on winter clothing, boots and cold-weather gear as retailers shift their focus to spring merchandise. Ski, snowboard and other winter sports equipment might also be marked down as the season winds down.

March

Best buys: Vacuums, carpet cleaners, storage and organization products, tax software and lawn and garden supplies

March is a strong month for home organization and cleaning deals as retailers lean into spring-cleaning season. Shoppers can often find discounts on vacuums, carpet cleaners, storage bins, shelving units and other products designed to help tackle household projects after winter.

Tax software providers also frequently offer promotions as the filing deadline approaches, particularly on basic and DIY filing packages. If you haven't filed yet, March can be a good time to compare pricing and take advantage of limited-time discounts.

You'll also begin to see early-season deals on lawn and garden supplies before demand peaks later in the spring. Purchasing outdoor tools, hoses, planters and gardening essentials early might help you avoid higher prices later in the season.

April

Best buys: Airfare, hotel stays, smartphones, tech devices, luggage, outdoor gear and camping equipment

April can be a surprisingly good month for travel deals. As part of the spring shoulder season — the period between winter travel and peak summer vacation demand — travelers might find lower airfare and hotel rates, especially if their plans are flexible.

It's also a good time to shop for slightly older smartphones and tech devices. Retailers sometimes offer discounts on existing models ahead of anticipated summer and fall product launches, creating opportunities to save without sacrificing many features.

Outdoor gear, luggage and camping equipment can also be attractively priced before summer demand ramps up. Buying early could help you avoid the higher prices that often arrive closer to peak travel and camping season.

May

Best buys: Appliances, patio furniture, grills and mattresses

May is one of the best shopping months of the year thanks to Memorial Day sales. Large appliances, including refrigerators, washers, dryers and dishwashers, often see significant discounts as retailers make room for newer inventory arriving later in the year.

Patio furniture and grills are also heavily promoted ahead of the summer entertaining season. While the deepest clearance prices typically arrive at the end of summer, May sales can still offer strong value while providing a broader selection of styles and models.

Mattresses remain another major Memorial Day sale category, giving shoppers a second opportunity to find deals after Presidents Day promotions.

June

Best buys: Tools, grills, lawn equipment, home improvement products, cookware, small kitchen appliances and fine jewelry

June offers a mix of seasonal promotions and holiday sales that can create savings opportunities across several categories. Father's Day sales often drive discounts on power tools, lawn equipment, grills and garage organization products, making it a good time for homeowners and DIY enthusiasts to shop.

The month is also closely tied to wedding season, prompting retailers to offer deals on cookware, small kitchen appliances and fine jewelry as they target gift buyers and newlyweds. If you're furnishing a kitchen or replacing household essentials, June sales can provide opportunities to save.

In recent years, June has also become a major month for online shopping events. Retailers such as Amazon, Walmart and Best Buy frequently launch summer sales and competing deal events ahead of peak back-to-school and holiday shopping seasons.

While timing varies from year to year, shoppers might find discounts on electronics, smart-home devices, laptops, TVs and everyday household items throughout the month.