Making the switch to a high-yield savings account is one of the easiest ways to grow your savings. Not only can you earn a higher interest rate, but you can better protect your future purchasing power too.
A few years ago, I never put much thought into my savings account. I thought simply having one, and one that had some money in it, was a financially responsible move.
In fact, before I went on my year-long trip backpacking around Australia, the only consideration I gave my savings account was to have enough for 15 months of student loan payments to be auto-deducted. All I worried about was having enough for those payments, I wasn't concerned about the interest that was being earned, or the service fees being charged.
The learning curve of investing may seem overwhelming, but it doesn't have to be. Learn about the three things that can make you a more confident investor!
Investing. It can be an intimidating word if you aren't doing it. But, if you are, and if you understand your investment process, that intimidating feeling shifts to empowerment.
If you are currently intimidated, here are the three things you should know before you start investing.