Money plays a vital role in sustaining your basic needs and fueling your dreams. But if you don’t have a strategy to make your finances grow, your relationship with money can feel like a revolving door. You work hard for your money, so why not make it work for you? Below are six ways you can put your hard-earned money to work today.
The idea of saving may seem elementary, but it’s a lot easier said than done. The best way to do this is to automate your savings. Set up a rule in your online banking so that each time you get paid, a portion gets transferred to a savings account. Keep in mind, the interest rates in traditional savings accounts are quite low, so consider opening a high-yield savings account or money market account. These pay a higher interest rate, enabling your savings to grow faster. Continue reading “6 Ways to Make Your Money Work for You”