News That Matters

Tag: cash

Live in these cities if you want to save plenty of cash

Live in these cities if you want to save plenty of cash

Finance
Walter B. McKenzie | Getty ImagesWhere you live can have a big impact on whether you're able to amass a security nest egg.Experts generally recommend you have at least six months' cash on hand in case you lose your job or have a medical or other emergency.However, data from personal finance website Bankrate show that there are cities where you're more likely to stash away that rainy day fund — and others where it's nearly impossible to get out of the red.Cities were ranked based on housing costs, such as mortgage, insurance and property taxes. Other expenses, such as groceries, health care, transportation and utilities, were also factored in.Memphis came up on top. The city's residents can save more on an annual basis than they need in their six-month emergency savings fund, according to B
Now, withdraw cash from ATMs without a card

Now, withdraw cash from ATMs without a card

Finance
MUMBAI: SBI has introduced a facility that allows customers to withdraw cash from ATMs without a card. YONO Cash can be used to withdraw cash at over 16,500 SBI ATMs across the country. SBI is the first bank to offer this service in India. The ATMs enabled for this service will also be termed as YONO Cash Point. Customers can initiate the cash withdrawal process on the YONO app and set a six digit YONO Cash pin for the transaction. They will also get a six digit reference number for the transaction on their registered mobile number via SMS. The cash withdrawal has to be completed within the next 30 minutes at the nearest YONO Cash point using both PIN and the reference number received. YONO can be accessed through Android and iOS powered mobile phones, and on the web through a browser. SB...
Branson hunts cash for Virgin space ventures

Branson hunts cash for Virgin space ventures

Technology
By Mark Kleinman, City editor Sir ‎Richard Branson is hunting new funds for his commercial space ventures, months after halting a $ 1bn (£775m) Saudi-funded deal amid an international furore over the murder of Jamal Khashoggi.Sky News ‎has learnt that the Virgin Group founder has hired LionTree Advisors, a corporate finance firm, to help raise hundreds of millions of pounds to inject into Virgin Galactic and Virgin Orbit. Discussions with prospective investors, including sovereign wealth funds, private equity firms, high net worth individuals and strategic partners, are already under way, according to people close to the process.LionTree's appointment is understood to have been made on the back of expressions of investor interest that foll...
Next government shutdown: How to build a cash cushion when your income is cut off

Next government shutdown: How to build a cash cushion when your income is cut off

Finance
There's one thing the record 35-day government shutdown made clear: Americans aren't saving for a rainy day. "The partial government shutdown serves as a wake-up call that emergency savings must be made a more serious priority," said Mark Hamrick, senior economic analyst at Bankrate.com. Over three-quarters of all full-time workers are living paycheck to paycheck, according to a report from jobs site CareerBuilder. Just 40 percent of Americans are able to cover an unexpected $ 1,000 expense with their savings, according to a separate survey from pers...