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Business :: Saving

USDA: Cost to Raise Child Up Slightly to $245,340

SAVING | Wednesday Aug 20, 2014
A child born in 2013 will cost a middle-income American family an average of $245,340 until he or she reaches the age of 18, with families living in the Northeast taking on a greater burden, according to a new report.

How Much is $100 Worth in Your State?

SAVING | Aug 19
A new report by the Commerce Department shows in which states $100 will go the farthest. Mississippi spenders get the most bang for their buck, while $100 buys the least in Washington, D.C. Norah O'Donnell reports.

NY Fed: US Auto Loans Soar to Highest in 8 Years

SAVING | By Christopher S. Rugaber | Aug 18
U.S. auto loans jumped to the highest level in eight years this spring, fueled by a big increase in lending to risky borrowers, according to a report Thursday by the Federal Reserve Bank of New York.

5 Tips for Sensible Back-to-School Spending

SAVING | By Alex Veiga | Aug 15
Students may not be thrilled about their summer break drawing to a close, but retailers couldn't be happier. That's because back-to-school shopping traditionally brings in a windfall that's second only to the December holiday season.

A Q&A on Changes Coming to FICO Credit Scores

SAVING | By Marley Jay | Aug 14
There are changes coming to FICO, a broadly used credit score, that may mean higher credit scores for many consumers. Banks, credit card issuers, auto lenders and other businesses use those scores to decide whether to lend to consumers.

US Consumer Credit Increased at Slower Pace in June

SAVING | By Josh Boak | Aug 13
U.S. consumers expanded their borrowing at a slower rate in June compared to the prior month. Overall credit rose by $18.3 billion in June to a total of $3.17 trillion, the Federal Reserve said.

BofA Nears $16-$17B Settlement with US

SAVING | By Eric Tucker, Josh Boak | Aug 11
Bank of America is nearing a $16 billion to $17 billion settlement to resolve an investigation into its role in the sale of mortgage-backed securities before the 2008 financial crisis, a person directly familiar with the matter.

How to Fit a Wind Farm into Your Portfolio

SAVING | By Jonathan Fahey | Aug 7
You can now fit a wind or solar farm into your portfolio, even if your portfolio isn't exactly vast. Energy companies are wrapping renewable energy projects and other power-related assets that generate steady cash into new companies.

Study: 35 Percent in US Facing Debt Collectors

SAVING | By Josh Boak | Aug 1
More than 35 percent of Americans have debts and unpaid bills that have been reported to collection agencies, according to a study released by the Urban Institute.

House Votes to Simplify Education Tax Breaks

SAVING | Jul 28
The House passed a bill Thursday that would simplify a complicated patchwork of tax breaks for higher education but would exclude many graduate students.

European Sanctions Against Russia May Be Torpedoed

SAVING | Jul 25
As Britain pushes for tougher sanctions against Russia, multiple European countries are only expressing lukewarm support. Nations like France and Germany may be reluctant to take a hardline against Russia because of business interests.