Income Group’s Post

High-yield savings accounts (HYSAs) aren’t just a stable place to stash your cash. Thanks to their higher returns, your money will grow faster than in a traditional savings account. 🤑 If you need to build your emergency fund or are working toward paying for a wedding, a dream vacation or down payment, a HYSA makes perfect sense. ✅ ➡️ But there are still drawbacks to consider. We discuss the pros and cons of high-yield savings accounts. Learn more: cnb.cx/4eO6vjy #cnbcselect #cnbc #personalfinance #finance #finances #highyieldsavingsaccount #HYSA #howtosave

Wondering where to keep your hard-earned savings (because under the mattress isn't going to cut it)? Let's look at the difference between savings accounts and term deposits: - Savings accounts let you dip into the funds whenever you like, which could make it harder to meet your goals. There can also be monthly account keeping fees to consider. - Term deposits usually have a higher interests rate, but lack flexibility because your money is locked away for a fixed term. Not sure which one may be right for you? Speak to your financial adviser for personal guidance. https://bit.ly/3uYqMkZ +61 487 360 230 https://lnkd.in/g5wkQ__z #lomonti #locationmoneytime #mortgagebroker #homeloans #qld #sunshinecoast #brisbane #goldcoast

Wondering where to keep your hard-earned savings (because under the mattress isn't going to cut it)? Let's look at the difference between savings accounts and term deposits: - Savings accounts let you dip into the funds whenever you like, which could make it harder to meet your goals. There can also be monthly account keeping fees to consider. - Term deposits usually have a higher interests rate, but lack flexibility because your money is locked away for a fixed term. Not sure which one may be right for you? Speak to your financial adviser for personal guidance. https://bit.ly/3uYqMkZ +61 487 360 230 https://lnkd.in/gcTU3F9a #lomonti #locationmoneytime #mortgagebroker #homeloans #qld #sunshinecoast #brisbane #goldcoast

"Q I have about £40,000 in a bank savings account and a further £75,000 in a bonus savings account with the same bank. I’ve accumulated these savings over time and realise leaving this money sitting in these bank accounts isn’t ideal. Would you recommend I move some to an ISA and would you have any other suggestions? I think I should leave about £20,000 in an account I can easily access in case of emergencies, such as house repairs." Read Ross' response in our latest piece with The Scotsman. https://lnkd.in/e3HxPN_Y #finances #savings

High-yield savings accounts aren’t just a stable place to stash your cash. Thanks to their higher returns, your money will grow faster than in a traditional savings account. If you need to build your emergency fund or are working toward paying for a wedding, a dream vacation or a down payment, a HYSA makes perfect sense. But we always like to look at both sides of every scenario, so we're here to tell you there could be some drawbacks. Learn more: https://lnkd.in/ese4fJGi #cnbcselect #cnbc #personalfinance #finance #highyieldsavingsacount #HYSA #savingsaccounts

Keeping your property in top shape doesn’t have to break the bank. This UK Savings Week, we’ve put together some practical money-saving tips on house maintenance. From regular inspections to learning basic DIY skills, we’ve got you covered with ways to save while maintaining quality. Swipe through to learn more. #UKSavingsWeek #MoneySavingTips #HouseMaintenance #NoLettingGo #PropertyManagement

An effective way to save is to use savings buckets. In other words, create saving accounts with objectives and fund it as often as you get paid. I.E., you'll eventually need new tries. Open an online savings account with your favorite FDIC bank and start funding now. Let's talk #InvestmentAccounts #TaxSavings #FinancialLiteracy #NILAthlete #NFLPlayer #WealthBuilding #SmartInvesting #TaxStrategies #FinancialPlanning #MoneyManagement #AthleteFinance #InvestSmart #TaxEfficientInvesting #FinancialGoals #NILOpportunities #ProfessionalAthletes #WealthCreation #InvestmentEducation #FinancialSuccess #TaxBenefits #GrowYourWealth #SavvyInvestor #AthleticFinance #TaxPlanningTips #FutureWealth #FinancialEmpowerment #NILFinance #NFLInvestments #MoneyMatters #AthleteWealth

If you're interested in how the Treasury could save a lot of money by scrapping or changing its arrangements with the Bank, go ahead and have a look at my latest article with Leeds Policy Institute https://lnkd.in/ehmBcCpJ And yes, the FT did beat me to it, but I'm going to be cheeky and say my version is better. Still, this is too is a very good article: https://lnkd.in/earR5J6C

Most people think having a lot of money in your main bank account is a sign of a good financial position. In truth, it's a sign of an inefficient financial set up and signifies missed opportunities and allocating funds to the wrong places. The most efficient way to operate your finances is to aim to have very little in your bank account when your next paycheck lands. Everything else should have already been allocated to 1) A separate account for short term/emergencies (should now be in a high interest paying account with change in interest rates) , 2) Investments to start building wealth over the medium-long term and getting your money to work, 3) Your pension to shelter some of your income against tax and build funds towards financial independence & 4) Paying bills and enjoying life. A large current account balance means less money in more effective places, paying more tax than you needed to and losing personal wealth to inflation.

Start your savings journey with small steps which will add up over time.  Visit https://lnkd.in/ggYTdaev for information on Savings Account options with as little as K25 and no minimum balance required. #BeliefComesFirst #FirstCapitalBank #SharedProsperity #SavingsWeek