This Business News Story Was Uncovered By Us From: https://www.youngadultmoney.com/money-hacks/
This exclusive trade related news report, was chosen personally by Marcus lee, who is one of our undercover online business News flash reporters – will give you added insight in how these points of views could be translated into your own business Launchs.
It’s always a good idea to conduct regular “money checkups” to make sure you are making the most of your money.
To make it a bit more interesting, I like to think of this as “hacking” your money. Small changes can make a big difference.
My wife and I were leaving hundreds of dollars on the table each year by putting off reviewing our savings account (see the first hack in the list). By making a small change we literally are making $500+ from interest that we were previously missing out on.
Ready to level up your money? Let’s walk through the list of money hacks and see which ones will work for your situation.
Check Your Savings Account
People love to rip on banks for making billions and billions in profits, but there is one specific thing that millions of people are doing that allows them to profit: keeping their savings in low-yield savings account. The average APY of savings accounts is 0.06%. The rate can be as low as 0.01%. Basically you are getting nothing for your money.
I was one of those people.
Until recently, I had a rock-bottom interest rate on my savings account. The thing was, this was an emergency fund that I was going to keep in cash long-term. It only makes sense to park it in the savings account with the highest yield.
As I outlined in my post switching banks made us $500+ a year. By switching from my TCF savings account that paid 0.0… Read More
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