Welcome to the New Penny Hoarder Community Site

Hey Penny Hoarders! As many of you know, we have a Community site that’s a gathering place for folks to discuss all things money. Through the support of fellow Community members, the site has helped people tackle their debt, increase their credit score and even book a dream vacation. We’re excited to announce our Community […]

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7 Ways to Score Free Dental for Seniors on Medicare

Affording dental work can be tough if you’re an older American on Medicare. That’s because Original Medicare — which covers a majority of beneficiaries — doesn’t include routine dental care. The Centers for Medicare & Medicaid Services announced plans to begin covering limited dental services starting January 2023. But the scope is narrow: Dental work […]

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Here’s Why Buying a Car in December is a Smart Move

When’s the best time of year to buy a car? Let’s see what all the experts say. Edmunds: “Data shows that December is the best time of the year to buy.” Autotrader: “The best time to buy a car is in late December when yearly, quarterly, and monthly sales goals converge.” Cars.com: “Shoppers looking for […]

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How to Make a Retirement Budget So You Don’t Outlive Your Savings

You’ve spent decades in the workforce earning a living, your schedule dictated by the demands of the job. All the while, you’ve been steadily adding to your savings so that one day you could get to this point: Retirement. You finally have time to cross items off your bucket list — or simply catch a […]

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Do You Have to Pay Taxes on Your Savings Account Interest?

Many savings accounts, certificates of deposit and money market accounts have enjoyed sizable interest rate bumps in 2022 as the Federal Reserve edges the target federal funds range higher. Around this time last year, the best high-yield savings accounts earned an average of about 0.5% to 1%. As 2022 comes to a close, you can […]

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