Hey Kids! 👋🏻👋🏻
I’m aware that it can be difficult to put away money,
especially the past few years.
However if you have been able to put some money away, I hope you have been taking advantage of the interest rate you get from a High Yield Savings account.
We personally use Capital One (I’m not getting compensated) which currently has a rate of 4.1 %
My local credit union is .4%
So, If I have $2,000 in that account it’s a difference of making $8 or $80 in a year.
If I have $10,000 in that account it’s a difference of making $40 or $400 in a year.
As you can see, the more you manage to put away, the more “free” money you’re missing out on if you don’t take advantage of a High Yield Savings Account
It’s good to work hard, but you also want to work smart. 🤓
I hope you have a great day
God bless you 🙏🏻
#dadhowdoi #wisdom #moneymonday #hys #highyield
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