If you are eligible and have some savings. Wish that I did this earlier than I did.
I know money isn’t important to everyone and times are shitty, especially when you are young, but compound interest is pretty crazy. you can do something now that will let you retire earlier or live more comfortably one day so it might be worth it to you.
If this is too big of a step, another thing that I recommend that is also savings-oriented is opening a high yield savings account. A lot of them offer 5% interest.
Free money feels good.
Jul 17, 2024
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Open a high yield savings account - you get an, obvs, super high interest rate, which is a great incentive to put money in there. Either direct a percentage of your paycheck in there, or transfer money in there immediately after you get paid. Great place to house your emergency fund (3-6 months of expenses) because it’s easily accessible.
There are lots of books on saving for retirement- I recommend the simple path to wealth because it’s easy to understand, required very few action items, the author crunches the numbers while he’s explaining things, and you don’t have to be someone obsessed with savings and personal finance to benefit from it, like me!
Mar 7, 2024
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I know savings are hard to come by, but it is basically free money. You can find accounts that give you 5% apy ($50 a year for every $1,000 you have saved if you are bad at math like me)
Follow me for more financial tips (jk)
Feb 11, 2024
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if you have the option to divert a % of your paycheck directly into savings, do it!
get a high yield savings account with a different bank (I recommend Marcus) that requires that you transfer money out of the bank where you have your debit card—takes a few business days to transfer which means you can’t spend it willy nilly but it’s there when you need it
Dec 2, 2024
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Jan 22, 2025
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i’m just kinda like this
Jun 19, 2024
Feb 7, 2025