Learn about the financial consequences of overdrawing your checking account and discover strategies to avoid costly overdraft fees and account closures.

An overdrawn bank account can do a lot more damage than you'd expect, especially over time. Khanchit Khirisutchalual/ . For ...

Americans have, on average, six-figure balances in their retirement accounts. Fidelity Investments' Q2 2023 retirement analysis reveals that the average balances in Americans' IRAs, 401(k)s and ...

Checking accounts keep cash easily accessible and are designed to cover short-term expenses, like rent and groceries. It's a common rule of thumb to keep one to two months' worth of expenses in a ...

Both stock market gains and consistent contributions helped to drive this increase in average balances. For example, Fidelity reported that the employee contribution rate to 401 (k) plans in 2025 was ...

While most Americans strive to fatten up their savings accounts, it can be difficult to discern how much of your cash belongs in a checking account. The dilemma: You want to have enough on hand to pay ...

David McMillin writes about credit cards, mortgages, banking, taxes and travel. Based in Chicago, he writes with one objective in mind: Help readers figure out how to save more and stress less. He is ...

Keeping a watchful eye on your credit card balance is crucial so that you don’t overspend and take on credit card debt you can’t afford to pay back. But how do you check your balance? And what’s the ...

Kelly-Ann Franklin has spent more than two decades in journalism which has helped her build a wide knowledge base of business and personal finance topics. Her goal with editing is to ensure tough ...