Are you prepared for an unexpected expense in your life? Don’t worry but now is a great time to prepare and you can do so easier than ever. I like online savings accounts as they offer easy to use online platforms and all the tools of s regular bank but with much better interest rates. Check out the link below for today’s best online savings accounts and all on the list are fdic insured like a normal account at a bank would be. If you already have $1,000 or more saved I’m really starting to like the short term cds. I don’t think we’re necessarily going to see a recession but we may see a slowdown in economic growth so interest rates are more than likely not going to go up but go down. You can get a one year cd around 2.5% currently and that might not be a bad idea if you have some spare cash on hand that you want to keep outside of your emergency (liquid cash) fund to lock in on a solid interest rate for idle cash.
If you’re still reading this and wondering how to start saving, yes let’s go! My challenge to myself this week is no eating out or fast food. Only home meals from the grocery store out of my grocery cash envelope budget. Anyone wanna join that challenge?
Have a great night everyone 😎
https://www.bankrate.com/banking/savings/rates/ - 1 hour ago