Finances

Started by Natalie H.
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M

Michael M.

If you do not put your money to work, it looses buying power.

D

Debby T.

Investing and saving are the best ways to put your money to work for you, which makes you more cash down the road.

J

James H.

It's important to think about when you'll need the money:
Within a few months? High interest savings account
6 months - 3 yrs? CDs, Money Market accounts or bonds
Many years or retirement? Low cost index funds (VTI, VTSAX, etc)

L

Lyka W.

It's important to think about when you'll need the money:
Within a few months? High interest savings account
6 months - 3 yrs? CDs, Money Market accounts or bonds
Many years or retirement? Low cost index funds (VTI, VTSAX, etc)

This is interesting. I never thought of it this way. I keep all my savings in a HYSA but I'm not going to touch it for a while. I might move some of it out so it can earn more money.

T

Tenesha S.

I've never thought of that. I'm going to move some of mine as well since i won't need it for a while.

S

Sheryl I.

start with an amount you can set aside on a regular basis for savings, then work your way into investing. I utilize Acorns and Robinhood.

Deleted user

Something I read on this site says, it's not how much you save but the consistency of saving. This may not be word for word, but you understand. :)

S

SaverLife Moderator T.

Something I read on this site says, it's not how much you save but the consistency of saving. This may not be word for word, but you understand. :)

@Lettie - We stand by this 💯!

Saving consistently is just one key to financial success (and stability)

–SaverLife Moderator Team

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Winnie Q.

My approach is ever evolving based on the phase of life in experiencing. Headed to an aggressive saving phase so a lot to consider.

K

Kervin M.

I will like to win so I can get out of finesuall

C

Crystal S.

I began my financial organizing process starting with the zero base budget method to get myself together

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