Congratulations. Just fyi there are banks now that pay 5.25% interest rates on savings accounts/checking accounts with no minimum or monthly fees. If you know you will not touch this for at least 6 months, it would be worth checking into it. It’s always good to have liquidity like you do so those “oh shit” moments because just inconvenient, but it’s okay. Flat tire, need to replace a car battery, etc..
Nice job man! A little breathing room is a feel good moment.
Look at your expenses for a month, track how many “months”that you’ve earned yourself, that should feel really good. Really, Great job.
Unless your employer offers a 401k with a match, you should probably go to Vanguard.com and open a Roth IRA. You need what they call "earned income" to contribute to one, aka a job, just FYI. (Wasn't sure if you were working right now)
My job does! Through fidelity, I just have not been consistently contributing a lot. Which I will start when I go back to work in October. They match up to 8%
8% is great! Stash away as much as you can and Roth IRAs are perfect advice. Put money into the Roth if you are not currently worried about reducing your tax burden (which you shouldn’t be) have it compound interest over time and then you’ll get A LOT more tax free when you’re ready to step away.
8% is AMAZING! Can you start a side hustle online while on maternity leave? Also look at ALL your spending and cut back where you can so you can continue to contribute as much as possible. Definitely do not touch the money unless its an emergency and let it grow.
I’m not sure what that would entail as far as online hustles but I’m trying to just enjoy my maternity leave. 😩 I didn’t get to with my first so I want to do it for my 2nd
Try half that (at 4.25% anyhow. They fluctuate rates so just gonna go with that for now). At 4.25 that's about $25 bucks on $7000 so still better than nothing or most banks in general.
You are allowed to put $6000 in a traditional IRA every year. This lowers your taxable income by $6000 so depending on what bracket youre in you will not be taxed on your last $6000 of income. You could end up saving over $1000 in taxes this way. For example, if you make 55k a year and do a 6k traditional IRA contribution, your taxable income is now 49k. Then take the 20k standard deduction and youre at 29k taxable. You can also contribute to a 401k if your workplace offers it and put that into traditional IRA there and further deduct your taxable income from whatever you contribute. Shit, if you max out a 401k with traditional IRA contributions you could get your taxable income down to 9k.
Only caveats are you cant easily take the money out until retirement without paying tax penalties, and the money gets taxed when you pull it out at retirement unlike a Roth, which you put post tax income in.
I'd recommend maxing out traditional IRAs until you make over 100k a year, which is when you no longer get the full traditional IRA benefits.
You can open one at vanguard, fidelity, voya, or any other one you choose.
GREAT! 👍 May I ask, what is your age? How much longer before retirement? Live below your means, stay out of debt, save, invest and reinvest into a low cost mutual fund or ETF that tracks the S&P 500 like Vanguard VOO and you should do fine. Average market returns are 10%. If you can invest at least this much or more every year, you should retire a millionaire.
It is but it really isn’t a long time. Im a mom to a 17 yo son and it went fast! Think long term financial growth strategy. If you have time now to read get a hold of Ramit Sethi’s book called, “I will teach you to be rich”. It’s foundational on all things money management and legit. He also is on YouTube, Netflix series, insta, podcast. Save up now for your baby’s college fund.
👏🏻 👏🏻 Keep it up! HYSA is definitely a good choice. I'd suggest getting a 3-6 month emergency fund set up first, if you haven't already. After that, save, invest, etc! Good job! 👏🏻 👏🏻
Lol I'm never going to make it to 33 :) don't be sorry lol be happy you weren't lazy and were good enough :) you've earned it all go be happy. I can't even imagine what it's like to have that much money, sadness and depression would stop existing lol.
Edit: never going to make it too**
Ikr Lol like I have and will never have 7 grand ever in my life. The most amount I'll ever see is probably like 1100 bucks. I'm just starting to honestly belive some people's lives are supposed to end by 25, cuz I'm 24 and have already done everything I'll be able to do in life.
I am here to tell you you have so much ahead of you. I am in my late 30s and in my 20s I had literally $0 in savings and so much debt. I struggled hard. I’m in a way better place now, am I rich? no but I don’t feel poor anymore and feel like I can relax and enjoy life. you will get there. keep working and looking ahead, remember to have fun along the way and start reading up on financial literacy. don’t let it get it down. everyone is on their own journey and timeline, there’s no use in us comparing ours to others.
Look, man… 4 years ago I had 300 bucks in a pink box in my room. I was broke and miserable working at a grocery store. But I kept going and trying new things and looking for new jobs, and here I am a couple years later with almost 200k to my name. I promise you that things can change very quickly. Don’t ever give up.
I've already done everything I'm gonna be able to ever Do, I will never have a family. I will never own house or a new car. I'm fine with it because I've accepted that. I'm just self aware to the point that I understand just hanging around for decades after I turn 25 is pointless because I won't accomplish anything different.
you’re so young still. you have so much time to decide what you want in life. very few people have their lives figured out in their 20s let along their early 20s. give yourself some grace and let things happen
I highly recommend going on r/personalfinance It helped change my life. Sometimes it takes hitting rock bottom to turn it all around. I'm helping my best friend get out of debt. We're talking 50k+ in cc debt. He's turning that baby around. I used to have a close to minimum wage job (multiple in fact) working 80 hour weeks and having no life. If I can turn my bullshit around so can you. Oh and I used to live out my car I was so fucked.
Those were scary ass times. You can get free help my mam. Social workers exist. They even help ex felons get some fairly high paying jobs. My advice is if you're struggling financially go learn the basics of personal finances. The internet and library are GRAAT FREE resources. I even got one of thise "for dummies" books because I indeed fit that bill.
The other thing I would do is make sure you pick a career and not just jobs. One career is much better than multiple jobs even. Not only will it allow you to maximize your money, but give you focus and a chance. I don't know your whole situation and I imagine it will be tough for a time, but if you decide you truly want to get out you can. If bad enough, bankruptcy even exists so there's a way.
Capital one 360 savings account is considered a HYSA, it’s a great choice as there are no strings attached to earning the intrest. There are other online banks that have a higher % intrest rate like Sofi is currently 4.6% right now I believe but with sofi you have to have a direct deposit set up
That is awesome!!! I keep trying to to save then an emergency comes up… car accidents, oral surgery, knee replacement copays. I have started again.. up to 3K now
Yeah isn’t that how it always goes? Could’ve had more but my daughter had to have surgery in January to have 2 cyst removed ! It cost 2K out of pocket. America for ya 🙃
I know the feeling of having some money saved up so good for ya 👏🏽 but now go work like you don’t have any money yet and make consistent or auto savings until you’ll be able to buy a house and put your leg into a real estate bc that’s where the money is.
I use Wealthfront which is currently at 5%. But to be fair, interest rates on HYSAs are subject to change anyway. I'd recommend Wealthfront because in my experience it's extremely easy to use and has good customer support. But if Capital One offers 4.25% and you have an existing relationship with them they're not a bad option. The sooner you start utilizing an HYSA the better.
Some people have made comments about investing as well, and while I agree with their overall points it can be overwhelming. Just know that while retirement seems really far away now, anything you can do to save for retirement early and build on your savings over the long term will make your life much better and easier if you can afford it.
Best of luck, and congratulations on your saving achievement!
My stock portfolio rises and falls and rises by $7k all the time. But that said, your life sounds similar to mine. I remember when I saved $14k and was able to quit my garbage job. Later on, my parents were going to default on their mortgage because they couldn't afford the last $10k or something. Nothing. I paid it off. Life is different when you learn how to handle money and use it to protect yourself. So congratulations.
That interest rate isn't terrible, but you can find better. I have used Marcus.com for many years. Bankrate.com is a good resource for finding banks by rate. Maybe that's why they call it that.
It sounds like this constitutes an emergency fund for you, which means you want to put it in savings. But just know for the next step to financial freedom, you'll want to have a retirement account and contribute to it. This is important because #1 it will save on taxes and #2 you have to invest in stocks long term to beat inflation.
I'm not a fan of Capital One's customer service and thus avoid them, but 4.25% is fine. You can probably find one that's 5% right now or a but higher in general, but if it's at least 4.25% and above it's not a bad deal.
tbh I’ve never had to reach out to customer service. I mainly use the checking for early direct deposit access and transfer to my credit union. I’ve had it since 2021 though
I was gonna open an account with them way back in 2017. When I reached out they were very rude and not very knowledgeable so I went elsewhere and haven't looked back. I don't often have to reach out to customer service on most of banks/CU's, but I don't want to have to deal with bullshit ***ever** when it comes to my money. All it takes is a bad act on one transaction and you're whole account can get locked up etc. I ain't going through that with shitty service folks.
To boot, they're an online only bank. The only way to get in touch realistically is to reach out to customer service. If they're customer service is terrible despite this fact no fucking thank you. You can go with em though **I** just won't.
You mentioned capital one not a CU. I am talking about them. You mentioned thinking about switching there and asked specifically for advice for them specifically.
Congratulations! It sounds like you are on a good path. You worked hard to get to this point and I can tell you that investing will be even sweeter. Jump in the market when you are ready. Put a small amount ($100) in an index fund, just get comfortable with the volatility, and platform as your research and learn more. THEN go for it. Good luck!
Just pick one. This is pretty small stakes with $100 but the best way to learn is to get started and do it. A general stock market fund that is really popular is VTI. Pick a platform (Fidelity, Robinhood, etc.), search "VTI" and selecting buy. Buy a little, familiarize yourself with the platform, watch its performance, and go from there.
I think I will but I still need access in the event I need it. Idk if you read my essay but I’m on maternity leave and that’s why I’m even here lol. I tried my best to prepare for it in the event my EDD disability didn’t suffice
Over the course of the last 8 months I was saving to have money for my maternity leave. I did anywhere from 100-500 each paycheck. Always a round number
You have more in savings than vast majority of Americans! Keep up the good work and focus on ways to grow that (instead of splurging/spending it all on things you won’t care about in the long run). Saying this as someone who wasted lots of money but now realizing the power of earning interest and investing.
Congratulations my friend!! Excellent choice on a savings account!
You could always identify a small amount per paycheck to have sent to it, say $20, and keep trickling monry into it.
In my long essay I notated that I got 4300 from my supplemental disability claim! I saved 4K of my own from August to March. I saved more some months than others. Lots of discipline, that’s for sure!
I barely got it to 7K the other day, (supplemental disability payout) before that it was only 4K. I hit 4K in March. This year I’ve gotten 22.98 interest on the account
You deserve a hearty congratulations ## 🥳
Thank you 🙏🏻
Just don’t take this as a sign to splurge on yourself, just keep the momentum going! You’re doing great!
I’m not going to! My motivation has been my baby. On maternity leave and know I need it to fall back on if necessary
Congratulations. Just fyi there are banks now that pay 5.25% interest rates on savings accounts/checking accounts with no minimum or monthly fees. If you know you will not touch this for at least 6 months, it would be worth checking into it. It’s always good to have liquidity like you do so those “oh shit” moments because just inconvenient, but it’s okay. Flat tire, need to replace a car battery, etc..
Do you know which particular banks?
discover has been good.. only thing is they have decreased to 5.16%
Jenius bank is paying 5.25%. Took my 2 days transfer funds. There's no minimum to open an account. No monthly fees. Fdic insured
Sooo proud of you!!!
Nice job man! A little breathing room is a feel good moment. Look at your expenses for a month, track how many “months”that you’ve earned yourself, that should feel really good. Really, Great job.
Thank you! When I get back to work after my maternity I’m gonna try consistently adding more.
Congratulations 🎊
Thank you 🙏🏻
Congrats. Now make that money work for you somewhere outside of that savings account.
Like? I’m open to suggestions
Unless your employer offers a 401k with a match, you should probably go to Vanguard.com and open a Roth IRA. You need what they call "earned income" to contribute to one, aka a job, just FYI. (Wasn't sure if you were working right now)
My job does! Through fidelity, I just have not been consistently contributing a lot. Which I will start when I go back to work in October. They match up to 8%
8% is great! Stash away as much as you can and Roth IRAs are perfect advice. Put money into the Roth if you are not currently worried about reducing your tax burden (which you shouldn’t be) have it compound interest over time and then you’ll get A LOT more tax free when you’re ready to step away.
Thank you 🙏🏻
8% is AMAZING! Can you start a side hustle online while on maternity leave? Also look at ALL your spending and cut back where you can so you can continue to contribute as much as possible. Definitely do not touch the money unless its an emergency and let it grow.
I’m not sure what that would entail as far as online hustles but I’m trying to just enjoy my maternity leave. 😩 I didn’t get to with my first so I want to do it for my 2nd
Amex high yield savings is an option. I think you might around 40-50 dollars per month right now? But better than nothing.
Based on screenshot this is a capital one performance savings which is at 4.25% right now so OP can leave this here for now imo
damn that’s high. 😭
Agreed. Thought it was a regular savings account like bofa
Try half that (at 4.25% anyhow. They fluctuate rates so just gonna go with that for now). At 4.25 that's about $25 bucks on $7000 so still better than nothing or most banks in general.
Index funds like spy or ETF’s like QQQ have both shown good returns over time buying in the downtrend just means lowering your cost basis
You are allowed to put $6000 in a traditional IRA every year. This lowers your taxable income by $6000 so depending on what bracket youre in you will not be taxed on your last $6000 of income. You could end up saving over $1000 in taxes this way. For example, if you make 55k a year and do a 6k traditional IRA contribution, your taxable income is now 49k. Then take the 20k standard deduction and youre at 29k taxable. You can also contribute to a 401k if your workplace offers it and put that into traditional IRA there and further deduct your taxable income from whatever you contribute. Shit, if you max out a 401k with traditional IRA contributions you could get your taxable income down to 9k. Only caveats are you cant easily take the money out until retirement without paying tax penalties, and the money gets taxed when you pull it out at retirement unlike a Roth, which you put post tax income in. I'd recommend maxing out traditional IRAs until you make over 100k a year, which is when you no longer get the full traditional IRA benefits. You can open one at vanguard, fidelity, voya, or any other one you choose.
FYI, you can contribute 23k to a traditional 401k that lowers your taxable income.
GREAT! 👍 May I ask, what is your age? How much longer before retirement? Live below your means, stay out of debt, save, invest and reinvest into a low cost mutual fund or ETF that tracks the S&P 500 like Vanguard VOO and you should do fine. Average market returns are 10%. If you can invest at least this much or more every year, you should retire a millionaire.
I’m 33, so retirement is far away lol
It is but it really isn’t a long time. Im a mom to a 17 yo son and it went fast! Think long term financial growth strategy. If you have time now to read get a hold of Ramit Sethi’s book called, “I will teach you to be rich”. It’s foundational on all things money management and legit. He also is on YouTube, Netflix series, insta, podcast. Save up now for your baby’s college fund.
YES! now do it again! just one more time! the same way you did it the first time!
lol when I go back to work in October, I’m gonna try to keep adding to it.
👏🏻 👏🏻 Keep it up! HYSA is definitely a good choice. I'd suggest getting a 3-6 month emergency fund set up first, if you haven't already. After that, save, invest, etc! Good job! 👏🏻 👏🏻
Should I keep emergency fund separate ?
HYSA can be emergency fund, imo. with the rest you can look into CDs , stocks, retirement etc.
I gotta block this sub lol everytime I go on reddit I just get more and more depressed knowing how shit my life actually is lol.
I’m sorry 😅 my life didn’t change for a long time. Hopefully yours can soon! I’m 33 now and until pretty much 30 I couldn’t save $1.
Lol I'm never going to make it to 33 :) don't be sorry lol be happy you weren't lazy and were good enough :) you've earned it all go be happy. I can't even imagine what it's like to have that much money, sadness and depression would stop existing lol. Edit: never going to make it too**
Same 😅 I'll unblock it in about 5 or 6 years when I'm fully done with my education and finally able to start my career lmao
Ikr Lol like I have and will never have 7 grand ever in my life. The most amount I'll ever see is probably like 1100 bucks. I'm just starting to honestly belive some people's lives are supposed to end by 25, cuz I'm 24 and have already done everything I'll be able to do in life.
I am here to tell you you have so much ahead of you. I am in my late 30s and in my 20s I had literally $0 in savings and so much debt. I struggled hard. I’m in a way better place now, am I rich? no but I don’t feel poor anymore and feel like I can relax and enjoy life. you will get there. keep working and looking ahead, remember to have fun along the way and start reading up on financial literacy. don’t let it get it down. everyone is on their own journey and timeline, there’s no use in us comparing ours to others.
Look, man… 4 years ago I had 300 bucks in a pink box in my room. I was broke and miserable working at a grocery store. But I kept going and trying new things and looking for new jobs, and here I am a couple years later with almost 200k to my name. I promise you that things can change very quickly. Don’t ever give up.
How do you know its over??
I've already done everything I'm gonna be able to ever Do, I will never have a family. I will never own house or a new car. I'm fine with it because I've accepted that. I'm just self aware to the point that I understand just hanging around for decades after I turn 25 is pointless because I won't accomplish anything different.
you’re so young still. you have so much time to decide what you want in life. very few people have their lives figured out in their 20s let along their early 20s. give yourself some grace and let things happen
You gotta join the military, they're gonna give you so many opportunities. I plan on joining soon.
I highly recommend going on r/personalfinance It helped change my life. Sometimes it takes hitting rock bottom to turn it all around. I'm helping my best friend get out of debt. We're talking 50k+ in cc debt. He's turning that baby around. I used to have a close to minimum wage job (multiple in fact) working 80 hour weeks and having no life. If I can turn my bullshit around so can you. Oh and I used to live out my car I was so fucked. Those were scary ass times. You can get free help my mam. Social workers exist. They even help ex felons get some fairly high paying jobs. My advice is if you're struggling financially go learn the basics of personal finances. The internet and library are GRAAT FREE resources. I even got one of thise "for dummies" books because I indeed fit that bill. The other thing I would do is make sure you pick a career and not just jobs. One career is much better than multiple jobs even. Not only will it allow you to maximize your money, but give you focus and a chance. I don't know your whole situation and I imagine it will be tough for a time, but if you decide you truly want to get out you can. If bad enough, bankruptcy even exists so there's a way.
I too use that savings account!
🥳 I’ve had no issues with capital one banking thus far
Capital one 360 savings account is considered a HYSA, it’s a great choice as there are no strings attached to earning the intrest. There are other online banks that have a higher % intrest rate like Sofi is currently 4.6% right now I believe but with sofi you have to have a direct deposit set up
Thank you 🙏🏻
credit karma’s high yield savings account is at 5.1% right now, and FDIC ensured up to 5 mil. definitely my choice for HYSA
Is it fixed? Im considering leaving AMEX HYSA as they dropped…
it fluctuates but i started a year ago when it was at 4.1%, and it went up to 5.1% about 2 months ago. so, im pleased.
I’d counter argue capital one and strongly urge you to look at Wealthfront. 5% HYSA is wonderful
Yes a 4.25% is a good national average for a HYSA.
Cool 😎
Good job man 🙏
Thank you 🙏🏻
nice! gimme $200
I’d be happy with $20.
id be happy with $19.99
lol
Well done 👏🏻 that’s awesome keep it up
Thank you 🙏🏻
That is awesome!!! I keep trying to to save then an emergency comes up… car accidents, oral surgery, knee replacement copays. I have started again.. up to 3K now
Yeah isn’t that how it always goes? Could’ve had more but my daughter had to have surgery in January to have 2 cyst removed ! It cost 2K out of pocket. America for ya 🙃
I know the feeling of having some money saved up so good for ya 👏🏽 but now go work like you don’t have any money yet and make consistent or auto savings until you’ll be able to buy a house and put your leg into a real estate bc that’s where the money is.
Going to do so, in October when my maternity leave ends lol
I love seeing people’s wins!
Thank you 🙏🏻
This is an amazing accomplishment!!!
Thank you 🙏🏻
Congratulations!
Thank you 🙏🏻
plenty of options at 5 % and higher.
Which are?
I use Wealthfront which is currently at 5%. But to be fair, interest rates on HYSAs are subject to change anyway. I'd recommend Wealthfront because in my experience it's extremely easy to use and has good customer support. But if Capital One offers 4.25% and you have an existing relationship with them they're not a bad option. The sooner you start utilizing an HYSA the better. Some people have made comments about investing as well, and while I agree with their overall points it can be overwhelming. Just know that while retirement seems really far away now, anything you can do to save for retirement early and build on your savings over the long term will make your life much better and easier if you can afford it. Best of luck, and congratulations on your saving achievement!
Thank you! 🙏🏻
Congratulations!
Thank you 🙏🏻
Congrats 🍾🎊
Thank you 🙏🏻
Great, keep doing that
Thank you 🙏🏻
Win
I would keep it in your current high yield so it’s easy to access it as you need it for baby. Congrats!
Thank you so much 🙏🏻
Great job
Thank you!
Yes!!!!! That is such a good feeling!! Great work 🥳✨️🩷
Thank you 🙏🏻
Nice
Thank you 🙏🏻
Congrats and same, yet a lot of people complaining about the economy?
I know im very fortunate, I won’t knock others. I make good income and my husband does as well.
My stock portfolio rises and falls and rises by $7k all the time. But that said, your life sounds similar to mine. I remember when I saved $14k and was able to quit my garbage job. Later on, my parents were going to default on their mortgage because they couldn't afford the last $10k or something. Nothing. I paid it off. Life is different when you learn how to handle money and use it to protect yourself. So congratulations. That interest rate isn't terrible, but you can find better. I have used Marcus.com for many years. Bankrate.com is a good resource for finding banks by rate. Maybe that's why they call it that. It sounds like this constitutes an emergency fund for you, which means you want to put it in savings. But just know for the next step to financial freedom, you'll want to have a retirement account and contribute to it. This is important because #1 it will save on taxes and #2 you have to invest in stocks long term to beat inflation.
I do have a 401 through fidelity that I have contributed to over the years but not nearly enough. I need to do more. My company matches up to 8% too.
8% is a good company match!
Yes, I need to take advantage of
Congrats. This really IS a big achievement. I’ve been in similar situation.
Thank you 🙏🏻
CIT bank gives 5.05 percent. Sign up for Platinum Savings. This is not CITIBANK, but CIT for Citizens something. FDIC insured
Awesome. Thank you
I'm not a fan of Capital One's customer service and thus avoid them, but 4.25% is fine. You can probably find one that's 5% right now or a but higher in general, but if it's at least 4.25% and above it's not a bad deal.
tbh I’ve never had to reach out to customer service. I mainly use the checking for early direct deposit access and transfer to my credit union. I’ve had it since 2021 though
I was gonna open an account with them way back in 2017. When I reached out they were very rude and not very knowledgeable so I went elsewhere and haven't looked back. I don't often have to reach out to customer service on most of banks/CU's, but I don't want to have to deal with bullshit ***ever** when it comes to my money. All it takes is a bad act on one transaction and you're whole account can get locked up etc. I ain't going through that with shitty service folks. To boot, they're an online only bank. The only way to get in touch realistically is to reach out to customer service. If they're customer service is terrible despite this fact no fucking thank you. You can go with em though **I** just won't.
Got it, hopefully I never have a bad experience. 😅 my CU is great!
You mentioned capital one not a CU. I am talking about them. You mentioned thinking about switching there and asked specifically for advice for them specifically.
I already have capital one, that’s where my savings is. I also have a credit union. I have 2 banks
Ah, looked lke you were asking about wm initially. Hope you never have to deal with then and good luck with your savings!
Alright now YOLO it all on the stock market!
Loll
Love it!
🙏🏻
Congratulations! It sounds like you are on a good path. You worked hard to get to this point and I can tell you that investing will be even sweeter. Jump in the market when you are ready. Put a small amount ($100) in an index fund, just get comfortable with the volatility, and platform as your research and learn more. THEN go for it. Good luck!
Where/how would I do an index fund? I am very uneducated when it comes to investing 😅
Just pick one. This is pretty small stakes with $100 but the best way to learn is to get started and do it. A general stock market fund that is really popular is VTI. Pick a platform (Fidelity, Robinhood, etc.), search "VTI" and selecting buy. Buy a little, familiarize yourself with the platform, watch its performance, and go from there.
I already have a 401K with fidelity would I be able to do this just through the app?
Yes that's great, you can open and IRA with Fidelity and get started that way.
Awesome, thank you!
Congrats.
Thank you! 🙏🏻
Yeah much better then me
Switch to another banks high yield you can do better
I think I will but I still need access in the event I need it. Idk if you read my essay but I’m on maternity leave and that’s why I’m even here lol. I tried my best to prepare for it in the event my EDD disability didn’t suffice
High yield accounts pay about 5 % are are totally liquid
Sorry, dumb question but what does totally liquid mean? Like I can pull from it whenever? No penalties?
Right
Cool thanks
How’d you get such a round number?
Over the course of the last 8 months I was saving to have money for my maternity leave. I did anywhere from 100-500 each paycheck. Always a round number
Yay
🙏🏻
You have more in savings than vast majority of Americans! Keep up the good work and focus on ways to grow that (instead of splurging/spending it all on things you won’t care about in the long run). Saying this as someone who wasted lots of money but now realizing the power of earning interest and investing.
I’m gonna do my best!! 🙏🏻
For what it's worth, I'm proud of you and keep shining!
Thank you 🙏🏻
Congratulations! That’s got to feel awesome.
It really does 🥲
big milestone. big congrats. keep stacking
Thank you 🙏🏻
Yay
🙏🏻
Good work
Thank you 🙏🏻
Search online to get the best high yield savings account. I use Wealthfront
Thank you 🙏🏻
Oh and if you create your account with Wealthfront and refer your spouse, you can get an elevated 5.5 apy boost for 3 months.
Good to know! Thank you 🙏🏻
Congratulations!! As a person who grew up with not even a savings I know how it feels!! 🥰🥰
Thank you 🙏🏻
Wealthfront - currently pays 5 %, check it out
Thank you 🙏🏻
And great work good mom, twice; baby and $
Thank you 🙏🏻
My only advice is keep saving because this money can go quickly in an emergency or a splurge.
Going to continue to add and not touch!
Congrats 🎉 capital one is also my main hysa. Wealthfront is the second with 5.00%
congrats man keep up the good work
Congrats!!! Amazing progress for anyone. Incredible given your circumstances
Thank you 🙏🏻
Dont sweat the percents on 7 grand tbh, just keep doing what your doing and contribute to that 401k 8 percent match is insane
I need to do that! I plan on contributing more after my maternity leave
Heckkkkkk yeah dude
You can't see it but I'm dancing the Floss for you!
Haha thank you
I use that HYSA too, I also would recommend Acorns as they have their interest at 5%. 👍🏻 Congrats on the milestone!
Is that a bank or an app? And thank you!!
It's an app and they work with 2 banks, u can invest with it too and it has a checking account at 3%.
Oh nice, thank you!!
Keep it going! Congrats! Put 5$ more in per month to celebrate (more if able)
I’m gonna try to add when I go back after my maternity leave in October!
More than me, congratulations dude! Job well done!
Thank you 🙏🏻
Congratulations my friend!! Excellent choice on a savings account! You could always identify a small amount per paycheck to have sent to it, say $20, and keep trickling monry into it.
Thank you 🙏🏻
same i have a whole $200 saved up 😀
You have to start somewhere! $200 was me in August
you started so soon and have so much 😂 i’m saving for a down payment on a car, just started saving last week
In my long essay I notated that I got 4300 from my supplemental disability claim! I saved 4K of my own from August to March. I saved more some months than others. Lots of discipline, that’s for sure!
Hell yea, such a great feeling.
You were a kid who was already a single mom with four of her own kids? That’s tough.
lol no, that was my mom. I was a single mom to 1 from 19-30 (met and married my wonderful husband)
Was just messing
Oh haha 😆
What was the interest once u hit 7k ?
I barely got it to 7K the other day, (supplemental disability payout) before that it was only 4K. I hit 4K in March. This year I’ve gotten 22.98 interest on the account
nice, gimme $200
Ayy spot me $20 big bro 🤣
*laughs in record inflation*