Lately I have been seeing a flood of ads for new banking apps that break from the traditional accounts of the past. These are accounts where you earn points toward rewards, get savings rates double the national average, or use an app that makes banking fun. They are all intriguing options if you have been using traditional (and boring) banking, and the allure of higher rewards and free accounts can make anyone want to sign up. What these accounts do not come with is a warn

"When something looks too good to be true, it usually is" In most cases, that does hold true. Nothing in life is ever free, so no one is going to just hand you a check for money without asking for something in return. Normally that is true, but in trying to find out what happened to an old IRA of mine, I stumbled across MissingMoney.com.

If you have landed on this article, chances are you are grappling with a pretty major decision right now: To vacation or not to vacation: that is the question. You have everything planned out. Hotels confirmed, flights booked, and you (or you and your family) are already jazzed about getting out of town for a little while. Then the worst happens. You get the dreaded layoff call.

Even if you have stumbled across this post and are not facing imminent job loss, this advice applies to anyone working today. American society has very few safety nets for job loss relative to those in other highly developed countries, and it will be on you to weather the storm. A cash cushion is the single most powerful tool for turning a financial shock (a layoff, a car repair, a medical bill) into a manageable inconvenience rather than a crisis that follows you for years.

If you don't have a robust emergency fund and have been informed that you are being laid off, it is going to be very tempting to cash out your 401k account and use that to keep the lights on. But it is important that you explore every option. Rash decisions about moving retirement funds around can have ramifications that last a lifetime.

Did you notice this guide says prepare, not what to do? That word choice is deliberate, and it is the whole point. When you still have a paycheck, you hold the one advantage nobody scrambling after a layoff has, which is time. You can study the market calmly, see where your skills actually fit, and close your gaps before you ever need to send a single application.