Sagen R. Augustin, CFP®, RICP®’s Post

Save More Money Effortlessly ✨: Automate Your Withdrawals to Secure Your Financial Future! 💰 Hey there, it's time for another money-saving tip! If you set up automatic withdrawals 📆 from your bank account 🏦right after payday (or the day after), you can send the funds to various accounts like savings, emergency, and investments. 💼 If you're interested in starting or enhancing your savings, just drop a comment below with the word "SAVE"! 💫Easy-peasy! #save #money #finances #financialfreedom #personalfinance #savemoney #savings #budgeting #money tips #financialeducation #financialliteracy #financialplanning #moneygoals #financialfreedom #moneymindset

A CD may be the right choice for you if you lock in a high interest rate and aren’t expecting to need your cash for several months. Though, if you expect rates to increase or don’t want to commit to a certain time frame of no withdrawals, a high-yield savings account may be the choice for you. #financialliteracy #financiallyfit #certificateofdeposit #CD #highyieldsavingsaccount

In honor of William turning 3 months, I'm sharing my top 3 tips on planning for your kids' financial futures: 1. Set up a 529-The 529 plan is a great way to save for college. The tax benefits are key. 529 plans feature federal tax benefits on earnings in an account, and withdrawals are tax-free if used on qualified expenses. 2. Consider a UTMA – One of the biggest advantages of a UTMA account is its flexibility. Unlike a 529 plan, there are no restrictions on how the funds in a UTMA account can be used. 3. Buy a piggy bank - it may seem old school, but it will be a great way to teach them the value of saving cash in a few years    Want to discuss your unique situation? Reach out and I'd be happy to coordinate a time to talk. 

A CD may be the right choice for you if you lock in a high interest rate and aren’t expecting to need your cash for several months. Though, if you expect rates to increase or don’t want to commit to a certain time frame of no withdrawals, a high-yield savings account may be the choice for you. #financialliteracy #financiallyfit #certificateofdeposit #CD #highyieldsavingsaccount

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

Are you getting the best rate for your cash? Is your money in a HIGH YIELD SAVINGS ACCOUNT? What is a high yield savings account anyway? A yield is what you earn by putting your money in a savings account. A HIGH YIELD savings account offers better earnings than a traditional savings account. Typically online and credit unions offer the best rates. Some of the best rates as of May 2, 2024 are at 4.25%. So if you have $10,000, you could earn $35 a month for money just sitting there! These rates fluctuate and will start going down soon, so get your money working already!!! Let's talk about money market mutual funds real quick. A high yield savings account is FDIC insured, which means if the bank fails, the government steps in. A money market mutual fund is not FDIC insured, it is an investment. Money market mutual funds typically look to liquid, super conservative options like CDs, Treasury Bills and government obligations. Money market mutual funds pay higher and now you can find one paying 5.27% or $44 a month with $10,000. Which one is best for you? They are both options to consider, so let's make a plan!

The Bank On Yourself Professionals use supercharged, high early cash value dividend-paying whole #lifeinsurance to help their clients reach their financial goals and dreams without taking any unnecessary risks. They are also trained on using certain types of annuities to ensure their clients can enjoy an income guaranteed to last as long as they do—even if that’s to age 120. They know how to help their clients bypass traditional finance institutions to become their own “bankers” and gain control of their #finances. Do you have what it takes? https://buff.ly/442CQyr

The Bank On Yourself Professionals use supercharged, high early cash value dividend-paying whole #lifeinsurance to help their clients reach their financial goals and dreams without taking any unnecessary risks. They are also trained on using certain types of annuities to ensure their clients can enjoy an income guaranteed to last as long as they do—even if that’s to age 120. They know how to help their clients bypass traditional finance institutions, become their own “bankers,” and gain control of their finances. Do you have what it takes? https://buff.ly/442CQyr

Tips on Tuesday: Who hasn't received a surprise bill or other expense? Life happens, right? Be prepared- build an emergency savings fund of between 3-6 months of expenses. Having your emergency fund in a savings or money market account keeps money readily accessible and can keep you from depending on more expensive resources such as a credit card. If there is anything I can do to help, let me know- 501.623.0808. #financialtips #tipsontuesday #moneyhabits #money #finance #financialplanning #lifehappens #emergencyfund

I don't typically talk about finances on here (numbers and I don't often get along...) BUT I wanted to share one of my latest finds with you! If you aren't saving money with a high-yield savings account- are you even saving?! I kid, I kid, but really- get more bang for your (savings) bucks with Wealthfront's High-Yield Savings account! *I am a customer, nothing more- just sharing the wealth. Literally. 😉 #wealth #investing #finances #everydollarcounts