Oyin Adedoyin
speaker
1,572 appearances
36 recordings
1 series
first heard Mar 2023
last heard Feb 2025
Oyin Adedoyin’s voice in public audio — every appearance, attributed to the second.
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So if you're seeing like those four to five year CDs, they probably have lower yields than an 18 month or one year CD.
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Yes, it seems that way.
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And there are ways that people can make money here.
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There's something called a CD ladder, which is when someone buys a series of CDs with progressively later maturity dates.
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And that ensures that some portion of your savings are always going to be available year after year.
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People should definitely consider high yield savings accounts, especially if they aren't in a position where they know that they're going to be able to lock money away for a long period of time.
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It's been a really turbulent time in the economy and things happen and you don't want to be in a position where your money is untouchable.
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Say your car breaks down or something is wrong with the house and you need money right away.
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But people need to pay attention when it comes to high-yield savings accounts because that yield can fluctuate month to month compared to a CD where you're locking your money away for a steady yield that you know is going to maintain for the entire duration of that device.
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People should also consider treasury bills, which are a low-risk government-backed saving device.
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They're usually shorter terms than CDs, a year or less, but they are also a device that are yielding pretty competitive to CDs right now.
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And if an individual doesn't mind kind of navigating the Treasury Direct website, which can be a bit clunky, it can also be a really good way to hold your money for a bit.
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WSJ Your Money Briefing · The ‘Sibling Discount’ for College Financial-Aid Is Ending · 25 Jul 2023
podcast
For some families, this is really going to change the financial aid award that they're used to getting every year.
They may see a smaller financial aid package than they've seen in previous years.
With the current system, the information that parents plug into the Free Application for Federal Student Aid, also known as the FAFSA, is what's used to determine how much a family can afford to pay annually.
That's a number that the Education Department calls the expected family contribution.
That number is then divided by the number of siblings that a family has in college in order to estimate how much a parent can contribute per sibling.
Yes, the entire family unit is what's taken into account with the current formula.
So let's say, for example, a family is determined that they can afford to pay $10,000 a year with one child in college.
If that same family now has two children in college, that expected contribution is going to be cut in half to $5,000 per kid.
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