When it comes to your money it is a good idea to know what you want to do with it. To put it another way, you need to set some money priorities.
You have heard it before, but I will repeat it again: an emergency fund is critical to any reasonable financial plan. Without the ability to cover unexpected costs, you run the risk of racking up unnecessary, high-interest debt that is brutally unforgiving.
There is an all-out interest war raging in the banking sector. Traditional banks are losing while the Online Savings Account is determined to prove it is here to stay. Here are three simple reasons you should choose an online savings account over a traditional savings account.
Simply saving money in a bank account isn’t good enough to secure your financial future. You want your money to grow. In order for it to grow, it cannot sit idly in a bank account earning 0.1% interest. When it is time to save for your future, for your retirement, you should invest in stocks.
For some, the stock market is a place reserved for Wall Street. For others, it some strange, mystical place where money goes to grow. In reality, the market is a place to invest your money for long-term growth. But what does that even mean?
Just as short-term, cut-everything diets don’t work for your health, money diets do not work for your long-term wealth. Commit to change, set a goal and eliminate over-spending by doing what works best for you, not someone else.