Veterinary costs are rising fast, leaving many pet owners struggling to afford essential care. Learn how to prepare financially, explore affordable options, and protect your pet’s health.
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The connection between Americans and their animal companions runs deep. Yet, economic realities can force pet parents to make difficult decisions about medical care for their four-legged family members. A recent PetSmart Charities-Gallup State of Pet Care study uncovers concerning patterns showing a widening gulf between the cost of veterinary medicine and what typical households can…
[[{“value”:”Image source: Getty Images
You’ve probably heard the conventional advice: save 10% to 15% of each paycheck, and one day when you’re old and grey, you’ll retire comfortably.Alert: highest cash back card we’ve seen now has 0% intro APR into 2026
This credit card is not just good – it’s so exceptional that our experts use it personally. It features a 0% intro APR for 15 months, a cash back rate of up to 5%, and all somehow for no annual fee!
Click here to read our full review for free and apply in just 2 minutes. But what if you don’t want to wait until your late 60s? What if you want financial independence much sooner?That was me. I didn’t have a fancy job or a big inheritance. I barely passed high school and never went to college. But I did develop one key habit that put me ahead financially in life. I consistently saved a hefty chunk of each paycheck (25% to 30%, sometimes more) and invested it automatically.My wife and I crossed the $1 million net worth mark in our early 30s. We’re not flashy, we don’t live large, and we still clip coupons. But we’ve got unstoppable investment momentum that will allow us to retire early. (Maybe even in the next few years — shhh don’t tell my boss!)The simple habit: Automate your savingsIt’s simple, really. Every payday, set up automatic transfers from your checking account into high-yield savings and investment accounts.Even when I was earning an entry-level salary, I made sure part of my paycheck moved quickly into savings before I ever saw it. Out of sight, out of temptation.Let’s say you make $4,000 a month. If you automate a 25% savings rate, that’s $1,000 going toward your 401(k) or brokerage account each month. Over 10 years, even without fancy investing, you’re looking at over six-figures saved.Throw in compound interest, and that’s where things get really exciting…Invest early and oftenSaving money is the first step. But investing is what really builds wealth.When you invest, your money starts working for you. It earns returns, then those returns earn more returns. Over time, that snowball can grow into a mountain of money.Check out what happens when you invest just $1,000 per month with an average annual return of 8%:Investing PeriodInvestment Value10 years$174,00020 years$549,14330 years$1.36 million40 years$3.11 millionData source: Author’s calculations.And if you can save $2,000 per month, you can more than double those figures above! (Couples with dual income have a huge advantage here.)If you’re not sure where to begin investing, start with basic index funds. They spread your investment across hundreds (or thousands) of companies and have very low fees. Personally, I’ve leaned heavily on total market and S&P 500 index funds.Want help with your retirement plan? With our partner, SmartAsset, you can get matched with up to three fiduciary advisors so you can get professional advice.How to build a savings habitYou don’t need a high salary or a perfect budget to start saving. Here are a few simple, realistic ways to get going.1. Start smallDon’t worry if you can’t save much to begin with. Start small by saving just 5% to 10% of your income. You can increase the amount once it becomes routine.2. Automate itThe easiest way to save is to make it automatic. Set up a recurring transfer that happens right after payday. That way, you’re not relying on willpower or waiting to see what’s left over at the end of each month.3. Set a goalSaving feels more meaningful when there’s a purpose behind it. Small goals like building a $10,000 emergency fund, or large goals like saving for a down payment, keep you motivated and focused.4. Adjust as neededMy wife and I had periods when we were both working, but some years we lived on only her teacher salary. Life isn’t always predictable, so if you need to dial back your savings temporarily, that’s OK. The key is to stay in the habit.5. Track your progress (and celebrate small wins)Watching your savings grow is a massive motivator. Use a budgeting app, spreadsheet, or even a good old-fashioned chart on the fridge. Visual progress keeps you engaged. And don’t forget to celebrate hitting those little milestones along the way.Consistency beats perfectionYou don’t have to get everything right. I’ve had my fair share of financial screw-ups.But if you can build this one habit — saving consistently and investing each month — you’ll give yourself a huge financial leg up later in life.Start today. Save what you can. Rinse and repeat.Want to build a plan for early retirement? A short questionnaire from our partner, SmartAsset, helps match you with up to three fiduciary financial advisors, each legally bound to work in your best interest.Alert: highest cash back card we’ve seen now has 0% intro APR into 2026
This credit card is not just good – it’s so exceptional that our experts use it personally. It features a 0% intro APR for 15 months, a cash back rate of up to 5%, and all somehow for no annual fee!
Click here to read our full review for free and apply in just 2 minutes. We’re firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers.
Motley Fool Money does not cover all offers on the market. Editorial content from Motley Fool Money is separate from The Motley Fool editorial content and is created by a different analyst team.Joel O’Leary has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.”}]] [[{“value”:”
Image source: Getty Images
You’ve probably heard the conventional advice: save 10% to 15% of each paycheck, and one day when you’re old and grey, you’ll retire comfortably.
Alert: highest cash back card we’ve seen now has 0% intro APR into 2026
This credit card is not just good – it’s so exceptional that our experts use it personally. It features a 0% intro APR for 15 months, a cash back rate of up to 5%, and all somehow for no annual fee!
But what if you don’t want to wait until your late 60s? What if you want financial independence much sooner?
That was me. I didn’t have a fancy job or a big inheritance. I barely passed high school and never went to college. But I did develop one key habit that put me ahead financially in life. I consistently saved a hefty chunk of each paycheck (25% to 30%, sometimes more) and invested it automatically.
My wife and I crossed the $1 million net worth mark in our early 30s. We’re not flashy, we don’t live large, and we still clip coupons. But we’ve got unstoppable investment momentum that will allow us to retire early. (Maybe even in the next few years — shhh don’t tell my boss!)
The simple habit: Automate your savings
It’s simple, really. Every payday, set up automatic transfers from your checking account into high-yield savings and investment accounts.
Even when I was earning an entry-level salary, I made sure part of my paycheck moved quickly into savings before I ever saw it. Out of sight, out of temptation.
Let’s say you make $4,000 a month. If you automate a 25% savings rate, that’s $1,000 going toward your 401(k) or brokerage account each month. Over 10 years, even without fancy investing, you’re looking at over six-figures saved.
Throw in compound interest, and that’s where things get really exciting…
Invest early and often
Saving money is the first step. But investing is what really builds wealth.
When you invest, your money starts working for you. It earns returns, then those returns earn more returns. Over time, that snowball can grow into a mountain of money.
Check out what happens when you invest just $1,000 per month with an average annual return of 8%:
Investing Period
Investment Value
10 years
$174,000
20 years
$549,143
30 years
$1.36 million
40 years
$3.11 million
Data source: Author’s calculations.
And if you can save $2,000 per month, you can more than double those figures above! (Couples with dual income have a huge advantage here.)
If you’re not sure where to begin investing, start with basic index funds. They spread your investment across hundreds (or thousands) of companies and have very low fees. Personally, I’ve leaned heavily on total market and S&P 500 index funds.
You don’t need a high salary or a perfect budget to start saving. Here are a few simple, realistic ways to get going.
1. Start small
Don’t worry if you can’t save much to begin with. Start small by saving just 5% to 10% of your income. You can increase the amount once it becomes routine.
2. Automate it
The easiest way to save is to make it automatic. Set up a recurring transfer that happens right after payday. That way, you’re not relying on willpower or waiting to see what’s left over at the end of each month.
3. Set a goal
Saving feels more meaningful when there’s a purpose behind it. Small goals like building a $10,000 emergency fund, or large goals like saving for a down payment, keep you motivated and focused.
4. Adjust as needed
My wife and I had periods when we were both working, but some years we lived on only her teacher salary. Life isn’t always predictable, so if you need to dial back your savings temporarily, that’s OK. The key is to stay in the habit.
5. Track your progress (and celebrate small wins)
Watching your savings grow is a massive motivator. Use a budgeting app, spreadsheet, or even a good old-fashioned chart on the fridge. Visual progress keeps you engaged. And don’t forget to celebrate hitting those little milestones along the way.
Consistency beats perfection
You don’t have to get everything right. I’ve had my fair share of financial screw-ups.
But if you can build this one habit — saving consistently and investing each month — you’ll give yourself a huge financial leg up later in life.
Start today. Save what you can. Rinse and repeat.
Want to build a plan for early retirement? A short questionnaire from our partner, SmartAsset, helps match you with up to three fiduciary financial advisors, each legally bound to work in your best interest.
Alert: highest cash back card we’ve seen now has 0% intro APR into 2026
This credit card is not just good – it’s so exceptional that our experts use it personally. It features a 0% intro APR for 15 months, a cash back rate of up to 5%, and all somehow for no annual fee!
We’re firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers.
Motley Fool Money does not cover all offers on the market. Editorial content from Motley Fool Money is separate from The Motley Fool editorial content and is created by a different analyst team.Joel O’Leary has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
[[{“value”:”While the stock market yo-yos and the future of interest rates remains in question, 1-year CDs are becoming an attractive safe haven for guaranteed returns.Alert: highest cash back card we’ve seen now has 0% intro APR into 2026
This credit card is not just good – it’s so exceptional that our experts use it personally. It features a 0% intro APR for 15 months, a cash back rate of up to 5%, and all somehow for no annual fee!
Click here to read our full review for free and apply in just 2 minutes. Right now, some banks are offering 4.00% APY or higher, which means a $10,000 deposit could earn about $400 in a single year — without taking on any risk.What you could earn from a 1-year CD right nowThe national average for 1-year CDs is just 1.75% APY, according to the FDIC. But the top CD rates available today are in the 4.00% range.Here’s a quick breakdown of how much a $10,000 deposit can earn in a 1-year CD, depending on the rate:CD APYInterest Earned (1 Year)Final Balance1.75%$175$10,1754.00%$400$10,400Data source: Author’s calculations.That makes today’s top offers around 4.00% a huge upgrade — potentially $225 more interest for simply picking a better bank.Ready to earn more on your savings? Compare today’s best 1-year CD rates here and lock in a top-tier APY.Is a 1-year CD right for you?A 1-year CD is a nice middle ground between short-term flexibility and long-term returns. You won’t be locked in for multiple years, but you’ll still earn a solid rate without any volatility or surprises.Here’s when a 1-year CD makes a lot of sense:You have cash you won’t need for the next 12 monthsYou want a fixed, guaranteed return (no market risk)You think rates might drop soon, and want to lock in while they’re still highOne thing to keep in mind: CDs typically charge a penalty for early withdrawals. So make sure you won’t need that money until the CD matures.A more flexible option: High-yield savings accountsNot sure about locking up your money for a whole year? A high-yield savings account (HYSA) gives you many of the same benefits — with more flexibility.Top HYSAs right now are also offering around 4.00% APY, and you can generally withdraw or transfer money anytime without penalty. The downside however, is that rates can change quickly, so returns are never guaranteed.If rates hold steady, you could still potentially earn $400 in interest with a $10,000 deposit.Yes, a CD can lock in that return. But the HYSA gives you freedom to move money throughout the next year. If flexibility is a priority, the HYSA might be the better bet.Want to stay liquid and still earn a high rate of interest? Compare the best high-yield savings account rates today, offering APYs up to 4.40%Put your savings to workWhether you choose a 1-year CD or a high-yield savings account, either one is a huge upgrade from letting your money sit in a low-rate account.Make the switch now to keep your savings safe — and earn the most interest while rates are still high.Alert: highest cash back card we’ve seen now has 0% intro APR into 2026
This credit card is not just good – it’s so exceptional that our experts use it personally. It features a 0% intro APR for 15 months, a cash back rate of up to 5%, and all somehow for no annual fee!
Click here to read our full review for free and apply in just 2 minutes. We’re firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers.
Motley Fool Money does not cover all offers on the market. Editorial content from Motley Fool Money is separate from The Motley Fool editorial content and is created by a different analyst team.The Motley Fool has a disclosure policy.”}]] [[{“value”:”
While the stock market yo-yos and the future of interest rates remains in question, 1-year CDs are becoming an attractive safe haven for guaranteed returns.
Alert: highest cash back card we’ve seen now has 0% intro APR into 2026
This credit card is not just good – it’s so exceptional that our experts use it personally. It features a 0% intro APR for 15 months, a cash back rate of up to 5%, and all somehow for no annual fee!
Right now, some banks are offering 4.00% APY or higher, which means a $10,000 deposit could earn about $400 in a single year — without taking on any risk.
What you could earn from a 1-year CD right now
The national average for 1-year CDs is just 1.75% APY, according to the FDIC. But the top CD rates available today are in the 4.00% range.
Here’s a quick breakdown of how much a $10,000 deposit can earn in a 1-year CD, depending on the rate:
CD APY
Interest Earned (1 Year)
Final Balance
1.75%
$175
$10,175
4.00%
$400
$10,400
Data source: Author’s calculations.
That makes today’s top offers around 4.00% a huge upgrade — potentially $225 more interest for simply picking a better bank.
A 1-year CD is a nice middle ground between short-term flexibility and long-term returns. You won’t be locked in for multiple years, but you’ll still earn a solid rate without any volatility or surprises.
Here’s when a 1-year CD makes a lot of sense:
You have cash you won’t need for the next 12 months
You want a fixed, guaranteed return (no market risk)
You think rates might drop soon, and want to lock in while they’re still high
One thing to keep in mind: CDs typically charge a penalty for early withdrawals. So make sure you won’t need that money until the CD matures.
A more flexible option: High-yield savings accounts
Not sure about locking up your money for a whole year? A high-yield savings account (HYSA) gives you many of the same benefits — with more flexibility.
Top HYSAs right now are also offering around 4.00% APY, and you can generally withdraw or transfer money anytime without penalty. The downside however, is that rates can change quickly, so returns are never guaranteed.
If rates hold steady, you could still potentially earn $400 in interest with a $10,000 deposit.
Yes, a CD can lock in that return. But the HYSA gives you freedom to move money throughout the next year. If flexibility is a priority, the HYSA might be the better bet.
Whether you choose a 1-year CD or a high-yield savings account, either one is a huge upgrade from letting your money sit in a low-rate account.
Make the switch now to keep your savings safe — and earn the most interest while rates are still high.
Alert: highest cash back card we’ve seen now has 0% intro APR into 2026
This credit card is not just good – it’s so exceptional that our experts use it personally. It features a 0% intro APR for 15 months, a cash back rate of up to 5%, and all somehow for no annual fee!
We’re firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers.
Motley Fool Money does not cover all offers on the market. Editorial content from Motley Fool Money is separate from The Motley Fool editorial content and is created by a different analyst team.The Motley Fool has a disclosure policy.
[[{“value”:”The best perks of luxury cards aren’t listed on the front page. They’re the kind of things you only find out from someone who’s been around the block.Alert: highest cash back card we’ve seen now has 0% intro APR into 2026
This credit card is not just good – it’s so exceptional that our experts use it personally. It features a 0% intro APR for 15 months, a cash back rate of up to 5%, and all somehow for no annual fee!
Click here to read our full review for free and apply in just 2 minutes. Most people swipe their premium card for points and call it a day. But if you know where to look, these cards unlock a whole different level of luxury.And no, you don’t need to be rich and famous to get treated like a VIP. High-end credit cards are within reach of everyday people like me and you.1. Get a massage before your flightIf you have a luxury travel card, it likely comes with Priority Pass airport lounge access. While most travelers think airport lounges just have comfy chairs and free snacks, some offer a lot more — like spa treatments!A few examples of hidden lounge perks:The Be Relax Spa (30-plus locations including LA, NYC, Dallas) offers complimentary 30-minute back massages, 10-minute facial or foot massages, or oxygen therapy for Priority Pass members.You can get a private napping room or sleep pod at Minute Suites, where the first hour is free with Priority Pass membership.Some airport lounges in major cities offer showers, many with complimentary toiletries.Pro tip: Your credit card might require a separate enrollment to activate lounge perks. Once unlocked, always check the specific lounge to see if it has the amenities you want and if it requires a reservation.Check out my hands-down favorite card for lounge access. It has the widest available network of lounges I’ve seen.2. Reserve a table at a “fully booked” restaurantThis sneaky perk could get you a table at a buzzy new restaurant — even if it’s fully booked.Certain premium cards unlock VIP foodie benefits through partners like Resy, OpenTable, or Visa Dining Collection.Here’s what these services can get you:Early access to prime reservationsInvites to exclusive tasting eventsThe ability to snag a table even when the restaurant shows “full”Even if you’re not a regular fine diner, snagging a high-end reservation is a powerful move for impressing clients, or surprising your partner for a special celebration.3. Call a professional problem-solverPremium cards often come with concierge services. Think of this perk as a personal assistant on speed dial, ready to help solve problems.Here are a few ways concierge services can assist you:Track down a lost passport or medication when you’re abroadSend flowers or gifts last-minute while you’re travelingResearch services and products on your behalfHelp you find event tickets, book hotels, or plan custom travel itinerariesIt’s kind of like having an agent on call to assist you with anything you need.Concierge services vary by issuer. So always check your card’s benefit guide for specifics on what they can offer.One service that gets a lot of praise online is the Visa Infinite Concierge service. Click here to learn more about a card that includes this perk. It’s perfect for busy travelers!Unlock the magicPremium credit cards aren’t just for the uber-rich. Regular folks like you and me can use them to unlock VIP perks and make life a little easier and travel a little more comfortable.But the key is actually using the perks.There’s no sense in paying a high annual fee if you’re not tapping into the hidden benefits and enjoying some of the finer things along the way.Alert: highest cash back card we’ve seen now has 0% intro APR into 2026
This credit card is not just good – it’s so exceptional that our experts use it personally. It features a 0% intro APR for 15 months, a cash back rate of up to 5%, and all somehow for no annual fee!
Click here to read our full review for free and apply in just 2 minutes. We’re firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers.
Motley Fool Money does not cover all offers on the market. Editorial content from Motley Fool Money is separate from The Motley Fool editorial content and is created by a different analyst team.JPMorgan Chase is an advertising partner of Motley Fool Money. Joel O’Leary has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends JPMorgan Chase and Visa. The Motley Fool has a disclosure policy.”}]] [[{“value”:”
The best perks of luxury cards aren’t listed on the front page. They’re the kind of things you only find out from someone who’s been around the block.
Alert: highest cash back card we’ve seen now has 0% intro APR into 2026
This credit card is not just good – it’s so exceptional that our experts use it personally. It features a 0% intro APR for 15 months, a cash back rate of up to 5%, and all somehow for no annual fee!
Most people swipe their premium card for points and call it a day. But if you know where to look, these cards unlock a whole different level of luxury.
And no, you don’t need to be rich and famous to get treated like a VIP. High-end credit cards are within reach of everyday people like me and you.
1. Get a massage before your flight
If you have a luxury travel card, it likely comes with Priority Pass airport lounge access. While most travelers think airport lounges just have comfy chairs and free snacks, some offer a lot more — like spa treatments!
A few examples of hidden lounge perks:
The Be Relax Spa (30-plus locations including LA, NYC, Dallas) offers complimentary 30-minute back massages, 10-minute facial or foot massages, or oxygen therapy for Priority Pass members.
You can get a private napping room or sleep pod at Minute Suites, where the first hour is free with Priority Pass membership.
Some airport lounges in major cities offer showers, many with complimentary toiletries.
Pro tip: Your credit card might require a separate enrollment to activate lounge perks. Once unlocked, always check the specific lounge to see if it has the amenities you want and if it requires a reservation.
This sneaky perk could get you a table at a buzzy new restaurant — even if it’s fully booked.
Certain premium cards unlock VIP foodie benefits through partners like Resy, OpenTable, or Visa Dining Collection.
Here’s what these services can get you:
Early access to prime reservations
Invites to exclusive tasting events
The ability to snag a table even when the restaurant shows “full”
Even if you’re not a regular fine diner, snagging a high-end reservation is a powerful move for impressing clients, or surprising your partner for a special celebration.
3. Call a professional problem-solver
Premium cards often come with concierge services. Think of this perk as a personal assistant on speed dial, ready to help solve problems.
Here are a few ways concierge services can assist you:
Track down a lost passport or medication when you’re abroad
Send flowers or gifts last-minute while you’re traveling
Research services and products on your behalf
Help you find event tickets, book hotels, or plan custom travel itineraries
It’s kind of like having an agent on call to assist you with anything you need.
Concierge services vary by issuer. So always check your card’s benefit guide for specifics on what they can offer.
Premium credit cards aren’t just for the uber-rich. Regular folks like you and me can use them to unlock VIP perks and make life a little easier and travel a little more comfortable.
But the key is actually using the perks.
There’s no sense in paying a high annual fee if you’re not tapping into the hidden benefits and enjoying some of the finer things along the way.
Alert: highest cash back card we’ve seen now has 0% intro APR into 2026
This credit card is not just good – it’s so exceptional that our experts use it personally. It features a 0% intro APR for 15 months, a cash back rate of up to 5%, and all somehow for no annual fee!
We’re firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers.
Motley Fool Money does not cover all offers on the market. Editorial content from Motley Fool Money is separate from The Motley Fool editorial content and is created by a different analyst team.JPMorgan Chase is an advertising partner of Motley Fool Money. Joel O’Leary has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends JPMorgan Chase and Visa. The Motley Fool has a disclosure policy.
[[{“value”:”Withdrawing $10,000 from your checking or savings account might not be a big deal for some. But no matter the reason, your bank’s going to let the federal government know about it.Alert: highest cash back card we’ve seen now has 0% intro APR into 2026
This credit card is not just good – it’s so exceptional that our experts use it personally. It features a 0% intro APR for 15 months, a cash back rate of up to 5%, and all somehow for no annual fee!
Click here to read our full review for free and apply in just 2 minutes. Here’s what happens when you take out $10,000 or more — and why you probably don’t need to worry about it.Your bank files a report with the governmentFinancial institutions must file a report — known as a Currency Transaction Report, or CTR — for any cash withdrawal or deposit over $10,000. The report then goes to the Financial Crimes Enforcement Network (FinCEN), a bureau of the U.S. Department of the Treasury.This is to help prevent money laundering, fraud, and organized crime. The report also includes your name, account details, transaction amount, and how the money was taken out — in cash, check, or other form.You might think you can dodge the CTR by withdrawing $5,000 now and $5,000 later. But your bank may file a Suspicious Activity Report (SAR) even for withdrawals under $10,000 if they believe you’re trying to game the system.You don’t need to be notified for a SAR to be filed. It just gets quietly sent to the government — and it stays there.The IRS finds out, tooThe CTR is shared with several agencies, including the IRS. That’s not a big deal so long as you’re doing nothing illegal, but it could lead the IRS to take a closer look at your finances.If your tax returns show little income, but you’re moving large amounts of cash, for example, the IRS could decide to investigate.The takeaway: Don’t panic, but don’t try to hide anythingTaking $10,000 out of your checking or savings account isn’t illegal or even uncommon. But it also doesn’t happen without the government taking notice.If you need to take out a large amount of money, just do it all at once. If anyone asks what it’s for, be honest. There’s nothing wrong with accessing your cash, but transparency is key. And if you’re not committing fraud or doing something else illegal, you shouldn’t have any reason to worry.Check out our list of some of the best high-yield savings accounts available today to start earning more on your excess cash.Alert: highest cash back card we’ve seen now has 0% intro APR into 2026
This credit card is not just good – it’s so exceptional that our experts use it personally. It features a 0% intro APR for 15 months, a cash back rate of up to 5%, and all somehow for no annual fee!
Click here to read our full review for free and apply in just 2 minutes. We’re firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers.
Motley Fool Money does not cover all offers on the market. Editorial content from Motley Fool Money is separate from The Motley Fool editorial content and is created by a different analyst team.The Motley Fool recommends Barclays Plc. The Motley Fool has a disclosure policy.”}]] [[{“value”:”
Withdrawing $10,000 from your checking or savings account might not be a big deal for some. But no matter the reason, your bank’s going to let the federal government know about it.
Alert: highest cash back card we’ve seen now has 0% intro APR into 2026
This credit card is not just good – it’s so exceptional that our experts use it personally. It features a 0% intro APR for 15 months, a cash back rate of up to 5%, and all somehow for no annual fee!
Here’s what happens when you take out $10,000 or more — and why you probably don’t need to worry about it.
Your bank files a report with the government
Financial institutions must file a report — known as a Currency Transaction Report, or CTR — for any cash withdrawal or deposit over $10,000. The report then goes to the Financial Crimes Enforcement Network (FinCEN), a bureau of the U.S. Department of the Treasury.
This is to help prevent money laundering, fraud, and organized crime. The report also includes your name, account details, transaction amount, and how the money was taken out — in cash, check, or other form.
You might think you can dodge the CTR by withdrawing $5,000 now and $5,000 later. But your bank may file a Suspicious Activity Report (SAR) even for withdrawals under $10,000 if they believe you’re trying to game the system.
You don’t need to be notified for a SAR to be filed. It just gets quietly sent to the government — and it stays there.
The IRS finds out, too
The CTR is shared with several agencies, including the IRS. That’s not a big deal so long as you’re doing nothing illegal, but it could lead the IRS to take a closer look at your finances.
If your tax returns show little income, but you’re moving large amounts of cash, for example, the IRS could decide to investigate.
The takeaway: Don’t panic, but don’t try to hide anything
Taking $10,000 out of your checking or savings account isn’t illegal or even uncommon. But it also doesn’t happen without the government taking notice.
If you need to take out a large amount of money, just do it all at once. If anyone asks what it’s for, be honest. There’s nothing wrong with accessing your cash, but transparency is key. And if you’re not committing fraud or doing something else illegal, you shouldn’t have any reason to worry.
Alert: highest cash back card we’ve seen now has 0% intro APR into 2026
This credit card is not just good – it’s so exceptional that our experts use it personally. It features a 0% intro APR for 15 months, a cash back rate of up to 5%, and all somehow for no annual fee!
We’re firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers.
Motley Fool Money does not cover all offers on the market. Editorial content from Motley Fool Money is separate from The Motley Fool editorial content and is created by a different analyst team.The Motley Fool recommends Barclays Plc. The Motley Fool has a disclosure policy.
[[{“value”:”As of early 2025, Americans are carrying almost $1.2 trillion in credit card balances. With interest rates still hovering around 20% APR on average, paying off even a modest balance can feel like pushing a boulder uphill… forever.Alert: highest cash back card we’ve seen now has 0% intro APR into 2026
This credit card is not just good – it’s so exceptional that our experts use it personally. It features a 0% intro APR for 15 months, a cash back rate of up to 5%, and all somehow for no annual fee!
Click here to read our full review for free and apply in just 2 minutes. But there is a way out — and it doesn’t require winning the lottery. Here’s how to get out of credit card debt, even if you’re totally overwhelmed right now.1. Pause interest with a 0% intro APR balance transfer cardInterest is a huge pain point when you’re in credit card debt. But transferring your balance over to a 0% APR balance transfer card can let you hit “pause” on that interest.Right now, some cards are offering up to 21 months of 0% APR. That means every dollar you pay during that period goes straight to principal.Let’s say you owe $6,000 at 20% APR and you’re making fixed payments of $250 monthly. It will take you 31 months to pay this off, and you’ll pay over $1,700 in interest. But if you transfer that balance to a card offering 0% APR for 18 months, and bump up your payment to $334 per month, you’ll be debt-free 13 months sooner and pay nothing in interest.Balance transfer fees usually range from 3% to 5%, so do the math and make sure the savings outweigh the fee. Also, these cards usually require good credit (670 or higher FICO® Score) to qualify for.2. Use the debt snowball or avalanche methodIf you have debt across multiple credit cards, here are two main strategies to help pay them off:The debt snowball method focuses on momentum. You line up your debts from smallest to largest balance. Then, you attack the tiniest one first (while paying minimums on the rest). Once that first debt is gone, you roll its payment into the next one, and so on. It’s like a snowball rolling downhill.The debt avalanche method, on the other hand, focuses on maximum savings. Instead of tackling the smallest balance first, you target the debt with the highest interest rate. It might take longer to get your first win, but you’ll pay less in interest overall and get out of debt more efficiently.Both strategies can work. Just choose one and stick to it.Looking to speed up your payoff even further? Compare the top balance transfer cards and get up to 21 months of 0% APR.3. Trim your budget and reroute every dollar toward debtFreeing up just $100 extra each month can make a huge difference in debt payoff.It doesn’t mean depriving yourself forever. Just temporarily squeezing your budget can help you get ahead of your debt and make things more manageable.Start by combing through your spending and ask yourself, what is actually necessary? What can be paused, swapped, or downgraded? Even small cuts can add up fast.Here are a few ideas:Cancel unused subscriptions or streaming servicesSwitch to a cheaper phone planCook more meals at home (bonus: healthier and cheaper)Pause unnecessary shopping for 30 daysEvery dollar you free up can help chip away at your debt. And once that debt is gone, you can start funneling those payments toward savings or investing. That’s the real glow-up.4. Work with a nonprofit credit counselorThere’s no shame in asking for help. In fact, it can be really helpful to talk your debt issues out with someone.Two awesome nonprofit agencies are Money Management International (MMI) and the National Foundation of Credit Counseling (NFCC). They both offer free debt advice and can help you create a custom payoff plan.These aren’t shady debt relief companies — they’re certified nonprofit organizations. And there’s zero pressure to sign up for anything.Take one small step todayWhether it’s applying for a balance transfer card, cutting out a few non-essentials, or calling a credit counselor, every action counts. Momentum builds fast once you get moving.Start today. You don’t have to do everything at once. You just have to do something.Alert: highest cash back card we’ve seen now has 0% intro APR into 2026
This credit card is not just good – it’s so exceptional that our experts use it personally. It features a 0% intro APR for 15 months, a cash back rate of up to 5%, and all somehow for no annual fee!
Click here to read our full review for free and apply in just 2 minutes. We’re firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers.
Motley Fool Money does not cover all offers on the market. Editorial content from Motley Fool Money is separate from The Motley Fool editorial content and is created by a different analyst team.The Motley Fool has a disclosure policy.”}]] [[{“value”:”
As of early 2025, Americans are carrying almost $1.2 trillion in credit card balances. With interest rates still hovering around 20% APR on average, paying off even a modest balance can feel like pushing a boulder uphill… forever.
Alert: highest cash back card we’ve seen now has 0% intro APR into 2026
This credit card is not just good – it’s so exceptional that our experts use it personally. It features a 0% intro APR for 15 months, a cash back rate of up to 5%, and all somehow for no annual fee!
But there is a way out — and it doesn’t require winning the lottery. Here’s how to get out of credit card debt, even if you’re totally overwhelmed right now.
1. Pause interest with a 0% intro APR balance transfer card
Interest is a huge pain point when you’re in credit card debt. But transferring your balance over to a 0% APR balance transfer card can let you hit “pause” on that interest.
Right now, some cards are offering up to 21 months of 0% APR. That means every dollar you pay during that period goes straight to principal.
Let’s say you owe $6,000 at 20% APR and you’re making fixed payments of $250 monthly. It will take you 31 months to pay this off, and you’ll pay over $1,700 in interest. But if you transfer that balance to a card offering 0% APR for 18 months, and bump up your payment to $334 per month, you’ll be debt-free 13 months sooner and pay nothing in interest.
Balance transfer fees usually range from 3% to 5%, so do the math and make sure the savings outweigh the fee. Also, these cards usually require good credit (670 or higher FICO® Score) to qualify for.
2. Use the debt snowball or avalanche method
If you have debt across multiple credit cards, here are two main strategies to help pay them off:
The debt snowball method focuses on momentum. You line up your debts from smallest to largest balance. Then, you attack the tiniest one first (while paying minimums on the rest). Once that first debt is gone, you roll its payment into the next one, and so on. It’s like a snowball rolling downhill.
The debt avalanche method, on the other hand, focuses on maximum savings. Instead of tackling the smallest balance first, you target the debt with the highest interest rate. It might take longer to get your first win, but you’ll pay less in interest overall and get out of debt more efficiently.
Both strategies can work. Just choose one and stick to it.
3. Trim your budget and reroute every dollar toward debt
Freeing up just $100 extra each month can make a huge difference in debt payoff.
It doesn’t mean depriving yourself forever. Just temporarily squeezing your budget can help you get ahead of your debt and make things more manageable.
Start by combing through your spending and ask yourself, what is actually necessary? What can be paused, swapped, or downgraded? Even small cuts can add up fast.
Here are a few ideas:
Cancel unused subscriptions or streaming services
Switch to a cheaper phone plan
Cook more meals at home (bonus: healthier and cheaper)
Pause unnecessary shopping for 30 days
Every dollar you free up can help chip away at your debt. And once that debt is gone, you can start funneling those payments toward savings or investing. That’s the real glow-up.
4. Work with a nonprofit credit counselor
There’s no shame in asking for help. In fact, it can be really helpful to talk your debt issues out with someone.
Two awesome nonprofit agencies are Money Management International (MMI) and the National Foundation of Credit Counseling (NFCC). They both offer free debt advice and can help you create a custom payoff plan.
These aren’t shady debt relief companies — they’re certified nonprofit organizations. And there’s zero pressure to sign up for anything.
Take one small step today
Whether it’s applying for a balance transfer card, cutting out a few non-essentials, or calling a credit counselor, every action counts. Momentum builds fast once you get moving.
Start today. You don’t have to do everything at once. You just have to do something.
Alert: highest cash back card we’ve seen now has 0% intro APR into 2026
This credit card is not just good – it’s so exceptional that our experts use it personally. It features a 0% intro APR for 15 months, a cash back rate of up to 5%, and all somehow for no annual fee!
We’re firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers.
Motley Fool Money does not cover all offers on the market. Editorial content from Motley Fool Money is separate from The Motley Fool editorial content and is created by a different analyst team.The Motley Fool has a disclosure policy.
Tarra “Madam Money” Jackson is a financial educator, international speaker, author, and wealth empowerment strategist helping you heal, build, and grow your wealth.
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