60 Money Moves That Could Set You Up for Life
60 Money Moves That Could Set You Up for Life
By Gabrielle Olya November 20, 2020
Try these tips to ensure your financial security.
You may be doing all the right things when it comes to your savings — putting money aside from every paycheck, contributing to your employer’s retirement plan and diversifying your investments. But if you are concerned that these things might not be enough or your goals are bigger than that, here are some money moves you may not have thought of that could turbocharge your finances and set you up with financial security for life.
There are two ways to increase your nest egg: Save more and make those savings work harder for you. These ideas will help you do both because it’s important to know how to save and how to invest what you’ve saved. Is your checking account doing the most for you? By picking the right account, you can save more money and even make some. See what Investors Bank’s checking account has to offer for your needs.
1. Make Your Savings Very Hard To Get At
One of the keys to growing your savings is to keep the money in an interest-bearing account, and don’t touch it. Open a separate savings account at a bank you don’t typically use. An internet bank can be good for this purpose since you won’t be able to walk into a branch and take out the money.
Don’t link your debit card to your savings account. When you want to deposit money, you can use mobile upload if available, mail in a check or go to a branch if it’s not an internet-only bank.
2. Earn More With Your Checking Account
Make sure you put your money in a place where you can make the most of it. Some checking accounts don’t offer much in the way of interest or bonuses, but with the right account, you can make money without doing much of anything.
For example, Investors Bank’s YourStyle Checking offers a bonus of up to $250 when you open an account.1 Considering how little you have to do to make that money, it’s a hard offer to pass up. Be sure you’re not missing out on free money with your checking account.
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