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Budgeting basics

A budget is a spending plan that helps you understand how much money you're making and where you're spending it. A budget is the cornerstone of a strong financial plan.

Budgeting tips

A couple budgets together.
Bankrate offers 18 ideas for stretching your budget to save money.
Young man working on finances at home. He has a laptop open and is using a calculator.
If your discretionary income is low, you could pay $0 on your federal student loans.
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Our guide tackles the basics of disposable income and how you can use it to budget.

Calculate your savings

Use our Savings Calculator to help you quickly and accurately estimate the growth of your investment. Set a goal and figure out how much you need to save each month to hit the mark.

Latest articles

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These credit unions offer great rates and top-notch features — and many make it easy to join.
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Knowing your limit before making a purchase can help you make smarter decisions.
Cashier and customer at grocery store checkout
You can get a money order from many places. Here’s what you need to know.
person using mobile phone leaning on railing
A second-chance checking account is designed for those whose banking history may prevent them from opening a standard account. Applicants sometimes have past problems such as an unpaid negative balance [...]
Artistic rendering of a Bank building attached to unrealistically large chains
Linking bank accounts is a way to make it easier to transact between the two.
Young female customer talking to cashier at checkout in supermarket
Now that the U.S. Mint is done producing pennies, what happens to consumer prices?
Spend money, pay bills, write checks or make fund transfers with a checking account.
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These accounts sound similar, but there are some key differences to know.
Person shopping at grocery store choosing oranges in the supermarket
Monthly budgets are popular because many expenses, such as rent and bills, occur monthly.
Illustration of construction workers on a roof
An emergency fund is an essential part of a solid financial plan.
Rainy day and emergency funds differ but together provide a sound financial plan.
Man using cell phone in living room
It’s important to find the right accounts for your emergency savings.
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Here’s a helpful guide to how much you need in savings over the course of your life.
Calendar of 2023
Use this challenge to stash more cash toward your savings goals.
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Creating a timeline is a useful way to plan and meet all your financial goals.
Young woman using a laptop with credit card while relaxing at home
Financial goals are measuring sticks that apply to any area of your money management skills that you’re looking to improve.
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It’s easy to open a savings account. Just make sure you have this information handy.
People walking back and forth in front of Capital One Bank entrance.
A CFPB lawsuit claims Capital One underpaid savings account interest by $2 billion.
A graphic of origami of a dollar bill folded to look like a piggy bank with a penny on top.
Expect savings and money market account yields to slide lower, but they still should outpace inflation
Pink piggy bank stuffed with dollar bills
Even as interest rates drop, some top-yielding savings accounts remain competitive.
Calendar of 2023
Use this challenge to stash more cash toward your savings goals.
A woman shopping during the holiday season.
These holiday savings accounts are still available at many small banks and credit unions. But are they the best way to save?
The Treasury building.
The best time to cash in savings bonds depends on an investor’s life circumstances.
Female patient paying with credit card at doctor's office front desk
Here’s what you need to know about upcoming changes to Health Savings Accounts.
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