When you borrow money, you’ll also pay interest on top of the amount you borrowed.. Interest is the money the lender gets for loaning you the money. Read Next: 5 Subtly Genius Moves All Wealthy People ...

On July 30 the Federal Reserve chose to keep short-term interest rates steady. That's bad news for borrowers, who will have to wait at least a little longer for costs on everything from credit cards ...

It can take a long time to save up just a few thousand dollars. But if you've worked hard enough and budgeted accurately enough to build up your savings account to $25,000 in today's economy, then you ...

The cost of borrowing is likely getting cheaper — and that's bad news for savers. The Federal Reserve is widely expected to cut its benchmark interest rate by another 25 basis points on Wednesday, ...