Skip Navigation
Edvisors Star Logo
Edvisors Logo
  • Compare Lenders
    • PRIVATE STUDENT LOANS
    • REFINANCE STUDENT LOANS

    featured articles

    • Best Private Student Loans for May 2025
    • Student Loan Comparison: Federal Loans vs Private Loans
    • Parent PLUS Loans vs Private Student Loans
    • How Does Interest on Student Loans Work?
    • Private Student Loan Cosigner: Everything you Need to Know
    • View All Articles >
    Earnest Private Student Loan

    Variable Rates: 4.99% - 16.85% APR1

    Fixed Rates: 3.47% - 16.49% APR1

    Apply Now

    featured articles

    • Compare Lenders
    • Best Student Loan Refinance Companies for May 2025
    • Federal Student Loan Repayment Plans
    • Student Loan Forgiveness: How to Get Student Loans Forgiven
    • Repayment Plans for Private Student Loans
    • Parent PLUS Loan Forgiveness
    • View All Articles >
    Earnest Private Student Loan

    Variable rates as low as: 5.88% APR (with Autopay)*

    Fixed rates as low as: 4.45% APR (with Autopay)*

    Apply Now
  • Scholarships
    • COLLEGE GRANTS
    • COLLEGE SCHOLARSHIPS
    • EMPLOYER
    • MILITARY

    featured articles

    • What's the difference between scholarships and grants?
    • Graduate Fellowships
    • View All Articles >
    Enter to Win $2,500 to Help Pay for College

    featured articles

    • How to Find Scholarships
    • Top Tips for Winning Scholarships for College
    • Apply for Free Scholarships for College
    • Most Popular Scholarships for College Students in 2025
    • View All Articles >
    Enter to Win $2,500 to Help Pay for College

    featured articles

    • What is Federal Work Study Program?
    • Employer Tuition Assistance Programs: How Do They Work?
    • View All Articles >
    Enter to Win $2,500 to Help Pay for College

    featured articles

    • GI Bill
    • Military Service Academies
    • ROTC Scholarships
    • View All Articles >
    Enter to Win $2,500 to Help Pay for College
  • Plan for College
    • CAREERS
    • COLLEGE ADMISSIONS
    • FAFSA
    • SCHOLARSHIPS
    • PAYING FOR COLLEGE
    • STUDENT LIFE BLOG

    featured articles

    • Best Job Search Sites May 2025
    • Resumes That Get Noticed
    • High Paying Careers
    • STEM Careers
    • View All Articles >
    Enter to Win $2,500 to Help Pay for College

    featured articles

    • Measuring Academic Fit: Reach, Match and Safety Schools
    • Need-Blind Admissions
    • How Long is a College Essay
    • When are College Applications Due
    • How to Write a Good College Essay
    • View All Articles >
    Enter to Win $2,500 to Help Pay for College

    featured articles

    • Filing the FAFSA 2025-2026: A Simple Guide for Students
    • FAFSA Deadlines for 2025-2026
    • FAFSA FAQ - Your FAFSA Questions Answered
    • View All Articles >
    Enter to Win $2,500 to Help Pay for College

    featured articles

    • Most Popular Scholarships for College Students in 2025
    • Apply for Free Scholarships for College
    • College Scholarships for Kids
    • Most Prestigious Undergraduate Scholarships
    • Las mejores becas para estudiantes hispanos y latinos
    • View All Articles >
    Enter to Win $2,500 to Help Pay for College

    featured articles

    • How to Pay for College
    • Tuition Payment Plans
    • Pros and Cons: Borrowing From My 401K to Pay for College
    • Paying College Tuition with a Credit Card
    • Best Ways to Pay for College Without Financial Aid
    • View All Articles >
    Enter to Win $2,500 to Help Pay for College

    featured articles

    • Financial Aid Disbursement: When and How You Will Get It
    • Should I Pay Off My Student Loans Right Now
    • How to Minimize Student Loan Debt
    • View All Articles >
    Enter to Win $2,500 to Help Pay for College
  • Student Loans
    • FAFSA
    • PRIVATE STUDENT LOANS
    • FEDERAL STUDENT LOANS
    • REPAY STUDENT LOANS
    • LENDER REVIEWS

    featured articles

    • Filing the FAFSA 2025-2026: A Simple Guide for Students
    • FAFSA FAQ - Your FAFSA Questions Answered
    • FAFSA Deadlines for 2025-2026
    • FAFSA School Codes
    • FAFSA 2023-2024 Guide & Resources
    • View All Articles >
    Earnest Private Student Loan

    Variable Rates: 4.99% - 16.85% APR1

    Fixed Rates: 3.47% - 16.49% APR1

    Apply Now

    featured articles

    • Best Private Student Loans for May 2025
    • Student Loan Comparison: Federal Loans vs Private Loans
    • Parent PLUS Loans vs Private Student Loans
    • How Does Interest on Student Loans Work?
    • Private Student Loan Cosigner: Everything you Need to Know
    • View All Articles >
    Earnest Private Student Loan

    Variable Rates: 4.99% - 16.85% APR1

    Fixed Rates: 3.47% - 16.49% APR1

    Apply Now

    featured articles

    • Filing the FAFSA 2025-2026: A Simple Guide for Students
    • FAFSA FAQ - Your FAFSA Questions Answered
    • The complete guide to federal undergraduate student loans
    • What are Federal Parent PLUS Loans and How to Apply
    • Financial Aid for Graduate School
    • Compare Subsidized and Unsubsidized Student Loans
    • View All Articles >
    Earnest Private Student Loan

    Variable Rates: 4.99% - 16.85% APR1

    Fixed Rates: 3.47% - 16.49% APR1

    Apply Now

    featured articles

    • Best Student Loan Refinance Companies for May 2025
    • Federal Student Loan Repayment Plans
    • Student Loan Forgiveness: How to Get Student Loans Forgiven
    • Repayment Plans for Private Student Loans
    • Should You Refinance Federal Student Loans?
    • Parent PLUS Loan Forgiveness
    • View All Articles >
    Enter the Repayment Relief Sweepstakes

    featured articles

    • Sallie Mae Student Loan Review
    • College Ave Student Loan Review
    • SoFi Student Loan Review
    • Ascent Student Loan Review
    • View All Articles >
    Earnest Private Student Loan

    Variable Rates: 4.99% - 16.85% APR1

    Fixed Rates: 3.47% - 16.49% APR1

    Apply Now
  • Credit Cards
    • CARD REVIEWS
    • BEST CREDIT CARDS
    • CREDIT CARD FAQS

    featured articles

    • Petal® 2 Visa® Credit Card Review
    Self Credit Builder: Build Credit. Build Savings. Build Dreams.

    featured articles

    • Best Credit Cards for 2025
    • Best Cash Back Credit Cards
    • Best 0% Introductory APR Credit Cards
    • Best Secured Credit Cards for 2025
    • Best Balance Transfer Credit Cards
    Self Credit Builder: Build Credit. Build Savings. Build Dreams.

    featured articles

    • How to Build Credit?
    • What Age Can You Get a Credit Card?
    • What is a Secured Credit Card?
    • What is an Unsecured Credit Card?
    Self Credit Builder: Build Credit. Build Savings. Build Dreams.
  • Money Management
    • BANKING
    • BUDGETING
    • SAVING
    • DEBT MANAGEMENT
    • CREDIT
    • INVESTING
    • RISK MANAGEMENT

    featured articles

    • What is Online Banking
    • Student Checking Accounts
    • Debit Cards with Rewards
    • View All Articles >
    Chase College Checking Visa Debit

    featured articles

    • Best Budgeting Apps May 2025
    • Budgeting Tips
    • Budgeting for Beginners
    • View All Articles >
    Change Your Relationship With Money

    featured articles

    • Financial Goals
    • How to Save Money as a College Student
    • What is an Emergency Fund
    • View All Articles >
    Change Your Relationship With Money

    featured articles

    • How to Pay Off Debt
    • Debt Relief
    • What is a Debt Management Plan
    • View All Articles >
    Change Your Relationship With Money

    featured articles

    • How to Check Your Credit Score
    • Best Credit Building Apps May 2025
    • What is Credit?
    • View All Articles >
    Self Credit Builder: Build Credit. Build Savings. Build Dreams.

    featured articles

    • Investing for Beginners
    • Best Investment Apps May 2025
    • Understanding the Stock Market
    • View All Articles >
    Change Your Relationship With Money

    featured articles

    • What is Risk Management
    • How to Prevent Identity Theft
    • What is Insurance
    • View All Articles >
    Change Your Relationship With Money
  • Student LIFE Blog
  • Compare Lenders
    • Private Student Loans
    • Refinance Student Loans
  • Scholarships
  • Plan for College
  • Student Loans
  • Credit Cards
  • Money Management
  • Student LIFE Blog
Login
Register
  • Dashboard
  • My Profile
  • Logout
Search Box Form
Win a $2,500 Scholarship
Need money for college? Enter our monthly scholarship sweepstakes.
Enter Now
Advertiser Disclosure
×

Edvisors (“Edvisors Network, Inc.”) provides independent advertising-supported websites. The Edvisors websites’ goal is to provide relevant and helpful content and comparison tools to better assist consumers to search and compare financial products or services. The offers, products or services listed on our websites are from third-party advertisers or companies from which Edvisors receives compensation. This compensation may impact the placement of where products or advertisements appear on this site, for example, the order in which the products appear when included in a list. Not all providers participate in our sites and providers that do participate may not offer the entire suite of applicable credit cards or financial products provided by the provider or available in the marketplace.

Edvisors is not a lender and makes no representations or warranties about your eligibility for a particular credit card, financial product, or service. The third-party providers are solely responsible for any and all credit decisions, loan approval and rates. Terms and other costs of the credit card or financial product may vary based upon the provider you select. Not all consumers will qualify for the advertised rates and terms.

Edvisors does not purport to offer financial advice related to the purchase or sale of financial products or services. We are not an investment, brokerage, or financial advisory service. Information provided with respect to financial products and services are solely intended for educational purposes. In addition, we recognize each person may have unique and individualized financial needs and we recommend and encourage you to seek the expert advice of qualified professionals regarding your specific financial needs.

Edvisors has endeavored to provide accurate, up to date information. However, because credit card offers and financial products change frequently and do not originate with us, we recommend you check the offering provider for complete terms and conditions, rates, costs, and other fees. Providers do not commission, review or approve the information available on the site. Information provided on the site is for illustrative purposes only and accuracy is not guaranteed, as such, Edvisors assumes no responsibility for errors or omission in the information provided.

Except as expressly set forth in our Terms of Use, all representations and warranties regarding the information presented on our websites are disclaimed.

×
Get Your Free Guide to Filing the FAFSA Today!

Thank you for your interest in Edvisors' 2020-2021 Guide to Filing the FAFSA.

Please complete the form below to access your free copy.

Thank you! Click here to download your free FAFSA Guide.

I am a:

×
College knowledge starts here!

Enter your email below to receive your Student Loan Handbook from Edvisors.

Please check your email for the Student Loan Handbook.

After Navigation
Home » Money Management » Saving
Build Up Your Savings
How to Save Money
Saving hero image;
How to Save Money
Financial Fluency icon ()
Financial Fluency
Budgeting icon ()
Budgeting
Banking icon (bank with money sign inside)
Banking
Saving icon ()
Saving
Debt Management icon ()
Debt Management
Credit icon ()
Credit
Investing icon ()
Investing
Risk Management icon ()
Risk Management

Saving

Editor's Picks for Saving

Penny Redlin

Types of Savings Accounts

By Penny Redlin

If you decide you need a savings account. Here are some of the different types you can choose from: traditional savings accounts, high yield savings accounts, certificate of deposit, money market account and cash management accounts.  

Read Article
Savings - Jar of money with label that says emergency fund
Penny Redlin

What is an Emergency Fund

By Penny Redlin
An emergency fund is a source of funding on which you can rely when life throws you lemons. It is a cash reserve that you allocate strictly for when unexpected, costly and urgent issues arise. Such issues do not include dire wants, such as a new television or a pair of shoes but rather, true emergencies.
Read Article
Sign with 3 arrows in different directions, spending, budget and saving
Penny Redlin

Financial Goals

By Penny Redlin
Financial goals are a plan for managing your money. These goals help you to save and manage how you spend, as well as keep you focused on where your money goes.
Read Article
Tré Norman

How to Save Money as a College Student

By Tré Norman
This may be your first time managing your own money; you may not be aware of the different strategies and tools available to help you make your money go further and even save some along the way!
Read Article

Saving

 To open a savings account your need to determine which bank or credit union you want to have your account with.  Consider number of locations & ATM’s, the interest rate offered and any fees you will or could be charged. 
Read More Info
An HSA (Health Savings Account) is a type of savings account designed to be used for qualified medical expenses.  You can contribute money pre-tax out of your paycheck and use the money for approved expenses without any tax penalty.  
Read More Info
A savings account is an account you open with a bank or credit union, where the bank holds your money for you.  In exchange for giving your money to the bank to hold (and use while they are holding it) the bank will pay you interest.
Read More Info
The answer to this question is “it depends.” If you’re looking at saving money each month on the amount of your student loan payment, you will likely be able to reduce your monthly obligation by extending your repayment term. However, extending your repayment term may cost you more overall in interest paid over time, but can help to reduce your monthly expenditures.
Read More Info
Compound interest is when you earn interest on the money you previously earned in interest, when that money is added to your initial deposit.  For example if you deposit a $1000 in a bank paying a 5% annual interest rate and left it there for 10 years, when you go to collect your money you would have $1629.
Read More Info
A CD (Certificate of Deposit) account is a type of savings account you can open at the bank.  When you open a CD account you agree to leave your money in the bank for a specified time period. 
Read More Info

Saving

Jump to category:
  • Saving
Default Image

Saving

Tré Norman

How to Save Money as a College Student

By Tré Norman
Updated on 02/11/2025
Penny Redlin

Types of Savings Accounts

By Penny Redlin
Updated on 02/11/2025
Penny Redlin

What is an Emergency Fund

By Penny Redlin
Updated on 02/11/2025
Penny Redlin

Best Online Savings Accounts for Students May 2025

By Penny Redlin
Updated on 05/01/2025
Tré Norman

The Difference Between Checking and Savings Account

By Tré Norman
Updated on 02/11/2025
Penny Redlin

Financial Goals

By Penny Redlin
Updated on 02/11/2025
Elaine Rubin

What is a High Yield Savings Account

By Elaine Rubin
Updated on 02/11/2025
Tre Norman

Choosing Between High Yield Savings and CD's

By Tre Norman
Updated on 02/11/2025
Edvisors Network

6 Ways to Save Money

By Edvisors Network
Updated on 02/11/2025
Penny Redlin

Creative Strategies to Save Money

By Penny Redlin
Updated on 02/11/2025
Penny Redlin

The Difference Between and an Emergency Fund and Emergency Cash

By Penny Redlin
Updated on 01/16/2025
Back to categories
Win a $2,500 Scholarship
Need money for college? Enter our monthly scholarship sweepstakes.
Enter Now
Could You Be Saving More?
Subscribe to Edvisors' Student LIFE Newsletter to receive up-to-date financial aid information and advice, explore scholarship opportunities, loan repayment options, and learn expert strategies on how to plan and pay for college.
Newsletter Form
By clicking "Subscribe" I have read and agree to the Edvisors' Terms of Use and Privacy Policy. We strongly encourage you to read our Privacy Policy to understand how we use and share your information.
Thank you for subscribing to our newsletter.
We care about your privacy

This website uses cookies to offer you the most relevant marketing and targeted advertisements which in some states may be considered a sale of your personal information. You may exercise your right to opt out by clicking on deny cookies. Please accept cookies for the optimal experience. You can withdraw or modify your consent for non-essential cookies at any time by visiting Cookie Settings page

This website uses cookies for targeted advertising which in some states may be considered a sale of your personal information. You may opt out by clicking on deny cookies. Please accept cookies for the optimal experience. You can change your consent for such cookies via the Cookie Settings page

Edvisors
  • About Us
  • Official Rules
  • Careers
  • Team
  • Testimonials
Resources
  • Blog
  • Newsletter
  • Tools and Calculators
  • Video Resources
  • Financial Terms Glossary
  • Site Map
Media
  • Edvisors In the News
  • Press
Contact Us
  • Help
  • Ask the Edvisor
  • Student Aid FAQ
  • Directions
Partners
  • Advertise
  • Become an Affiliate
  • Link to Us
Legal
  • Terms of Use
  • Privacy
  • Consumer Health Privacy Notice
  • General Website Disclaimer
  • Accessibility Statement
  • Interest-Based Ads
  • Notice at Collection
  • Cookie Settings
  • Your Privacy Choices Your Privacy Choices Icon

Better Business Bureau logo

Edvisors provides expert advice on planning and paying for college. On Edvisors.com easily compare student loan lenders, learn how to apply for financial aid, and discover scholarships. Learn about federal and private student loans for students and parents, how and when to apply to college, and more!

Edvisors (“Edvisors Network, Inc.”) provides independent advertising-supported platforms for consumers to search compare and apply for private student loans. Loan offers from participating lenders that appear on our websites are not affiliated with any college and/or universities, and there are no colleges and/or universities which endorse Edvisors’ products or services. Lender search results do not constitute an official college preferred lender list. Edvisors receives compensation from lenders that appear on this site. This compensation may impact the placement of where lenders appear on this site, for example, the order in which the lenders appear when included in a list. Not all lenders participate in our sites and lenders that do participate may not offer loans to every school.

Edvisors is not a lender and makes no representations or warranties about your eligibility for a particular loan or financial aid. Lenders are solely responsible for any and all credit decisions, loan approval and rates, terms and other costs of the loan offered and may vary based upon the lender you select. Please check with your school or lender directly for information related to your personal eligibility.

Edvisors has endeavored to provide accurate information. However, the results provided by lenders are for illustrative purposes only and accuracy is not guaranteed, as such, Edvisors assumes no responsibility for errors or omission in the information provided.

Copyright © 1998-2025 by Edvisors Network, Inc. All rights reserved.

All other trademarks and service marks displayed on Edvisors Network, Inc. websites are the property of their respective owners.

Edvisors Network, Inc. 350 S. Rampart Blvd, Suite 200, Las Vegas, NV 89145

Copyright © 2025 by Edvisors.com. All rights reserved.

×

Edvisors $2,500 Scholarship


Have you entered the monthly $2,500 scholarship?

 Hammer about to break a piggy bank

Don't break the bank just yet! You could win $2,500.


Enter Now