Articles by Thomas (TJ) Porter

TJ Porter has in-depth experience in reviewing financial products such as savings accounts, credit cards, and brokerages, writing how-tos, and answering financial questions. He has also contributed to publications and companies such as Investment Zen and Echo Fox. He aims to provide actionable advice that can help readers better their financial lives. Education: B.S. in Business Administration, Concentration in Information Systems from Northeastern University.

How Immigrants Can Open a Bank Account Without a Social Security Number As an immigrant without the traditional methods of providing a tax ID, learn how you can still open a bank account to help manage your finances in the U.S. 4 Savings Strategies for People with Low Income Photo of Thomas (TJ) Porter Thomas (TJ) Porter 4 Savings Strategies for People with Low Income Saving is difficult for many people in America. Still, having some money in a... How to Set Up a Wedding Savings Account Photo of Thomas (TJ) Porter Thomas (TJ) Porter How to Set Up a Wedding Savings Account Weddings are expensive -- costly enough to put newlyweds deep in debt. That is... What's the Difference Between a Checking Account and a Money Market Account? While a checking account and money market account have some similar features, learn how they differ so that you pick the right account for your financial goals. How Much to Save Up Before Moving Out On Your Own As someone who wants to move out of the parents‘ house, find out exactly how much savings you should have before hitting this key life milestone. Should You Always Switch Banks in the Best Savings Rates? Photo of Thomas (TJ) Porter Thomas (TJ) Porter Should You Always Switch Banks in the Best Savings Rates? You're making it a point to maximize your savings by keeping money in the top... The Best Ways to Gift Money Instead of Presents During the Holiday Season Photo of Thomas (TJ) Porter Thomas (TJ) Porter The Best Ways to Gift Money Instead of Presents During the Holiday Season You know that it's time to think about holiday gift shopping. Buying a gift for... Overcontributed to a 401(k) or IRA? Here’s How to Fix It Find out what steps you should take if you've overcontributed to a 401(k) or IRA and learn about the penalties and taxes for contributing more than the limit. What is a Minimum Balance Requirement for Checking & Savings? Learn what is a minimum balance requirement when it comes to avoid monthly fees on bank accounts, especially checking and savings accounts. The Best Ways to Use Your Year-End Bonus Check Photo of Thomas (TJ) Porter Thomas (TJ) Porter The Best Ways to Use Your Year-End Bonus Check For many companies, giving a year-end bonus is an annual tradition that lets them...