There’s lots of options when it comes to saving money. Below we outline savings accounts, money market accounts, and cash management accounts.
Opening your first bank account used to be a rite of passage. It normally involved going to the local neighborhood branch to sign up for a standard checking account and, in most cases, an accompanying savings account. From there, you were on the path to financial independence as a young adult.
Saving money, in some capacity, is important for a number of reasons. The average American, however, is saving just 7.9% of their disposable income, according to Statistica. It’s now being recommended by financial experts to save at least 15% of your earnings, whether it’s going towards an emergency savings account or a retirement fund.
Want a savings account? Then we’ve got some info for you to consider. After you finish this article, you’ll know if it’s the right time for you to get matched with a savings account that will help you work towards your financial future.
College is hard. But going to college while working a job? That’s really hard. You know what shouldn’t be hard? Getting matched with a savings account that helps you save money while you’re studying and working.
Saving money can be intimidating. In 2019, most of us know that putting cash under your mattress is not the best place to keep your money. But, understanding how to compare savings accounts can be difficult.
What do you do when you wind up with a little cash after all your monthly bills are paid? Generally, you’ve got some options such as: Spend, Save, or Invest.