GMAC today announced that it's creating a new bank brand called Ally Bank. The location is Allybank.com. The current wait time at Ally Bank is 0 min.

Are you avoiding giving your child an allowance because you are afraid they will spend too much money? Statistics show that kids with allowances actually spend less money. The reason for this is that allowances teach our children how to handle money. “When it's their money on the line, children make more informed purchasing decisions.”

Appearing today on Today Show personal finance guru Suze Orman tells individuals and families that having an eight month emergency fund is more important than paying off the credit card debt.

Coupons can save the average individual 25-50% of everyday costs including restaurant bills, clothing, and online items. Coupons can cut everyday costs in half. Never pay full price for anything. Deals can be found on everything including groceries, clothing, electronics, and travel. You just need to look for the best deals to save 25-50% of your expendable income. These savings can really add up.

For millions of shoppers any free coupon or a freebie counts in this difficult economy. The members of Mysavings.com have realized this and have created the community that gives away freebies, coupons and more.

Tony and I have been credit card debt free since January of this year. But for the past couple of months, we’ve started using our cards again every month.

The Fed is putting in all efforts to restore the economy and it is taking all measures to increase liquidity in the market. Economists fear that borrowers may be subjected to tough times ahead. The Fed’s intention of injecting cash into the economy may give rise to inflation.

This year - 2009 - officially marks the 35th anniversary of the inception of the IRA, or Individual Retirement Account. Though these savings and investment vehicles have changed dramatically over the years, the fundamental principle is the same: preferred tax treatments as an incentive to save for retirement.

Have you ever thrown away a penny? Pennies get thrown away all the time because individuals do not find them to be valuable, at least not valuable enough to deposit them in the bank. Quarters, dimes and nickels are a different story. Could it be because pennies are made of copper and the color of a penny is brown?

The economy is in the tank. We all know that. The unemployment rate is sky-rocketing. No new news there either. The question is, what are you doing about it? How are you taking this information and adjusting your budget to bare bones?

All time low mortgage rates have prompted many existing homeowners to refinance their mortgage loans to take advantage of the low mortgage rates and reduce their monthly payments. However, there are certain steps that need to be taken before you consider refinancing your mortgage.

If you currently have a financial advisor that you trust you should feel very fortunate. While Madoff has been the center of media attention due to his being the largest scam-to-date, there have been way too many others in this seemingly “crook of the week club” where more and more dishonest individuals, poising as advisors, have been found out.