Most of us have opened up checking accounts and are managing our finances with ease. What we forget is that a savings account is a necessity as well. How many of us have saved some amount for an emergency or  saved something for our retirement? Well, not all of us.

The oft-asked question is that at which age on the full age retirement chart should one begin collecting his/her Social Security benefits? The answer lies in what one’s “full” or “normal” retirement age is. Earlier, one could begin collecting benefits, although reduced, at age 62 or one could wait until they were 65.

The way an individual in a modern setting spends and organizes their lives is hugely dependent on the needs and requirements they have in exchange of the hard work they invest their lives for. The earnings an individual works for in one payroll cycle is divided and further sub divided into categories so that the hard-earned money can go to the best of places where it is required.

Credit cards have made life a lot easier. It’s an easy source of finance, but that’s where you should be vigilant. Having too many cards can severely affect your financial health and credit rating. When used judiciously, you can use the revolving credit to your advantage. There are different types of cards designed to suit the needs of different users.

A 401(k) is a deferred tax saving plan where the employees of an organization/business save a part of their salary in 401(k) funds, for which she/he will not be required to pay taxes until the age of retirement. Here, both the employer and the employee will be allowed to make contributions into the fund.

Sometimes, you may need money fast for an emergency situation. That’s where credit cards can help. However, there is a stringent application process. Eligibility criteria decide if you even qualify for a certain credit card. Here is a list of the top ten companies that offer an instant approval credit card.