Virginia Stirling’s Post

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

Fixed rate, variable rate or a combination of both. When it comes to loans on your property, there are a range of options available and selecting the correct loan structure depends on your personal circumstances.  Your borrowings are a crucial part of your financial plan. Your debt structure is a centrepiece of your overall financial management arrangements. Get it right and you can significantly accelerate your journey to financial success.   Get it wrong and your liabilities can cause unnecessary friction that impedes your financial progress.  By effectively managing your loans, you can optimise your financial resources, ensuring that your personal and business borrowings work towards building your wealth. A critical early step is to separate your interest costs that are tax deductible from your interest costs rather are not tax deductible. When the two different types of loans have been identified you should quarantine the two different types of loans by splitting the borrowings into separate sub-loans. You should then pay off your non tax deductible loans before you pay off your deductible borrowings.  Talk to our expert accounting and financial team today to learn how to strategically structure your borrowing, increase your equity, and minimise your tax liabilities.  #locumsgroup #loanstructure #financialsuccess

3 Types of Savings Accounts You NEED To Know About #saveymoney #moneytips #moneysavingtips #moneyhacks #savemoneyhack #interestrates #savingaccount #personalfinanceuk

December 23 2024 by The Wealthy Thinker Team Reading Time: 1 min read High-yield savings accounts are a smart way to make your money work harder for you.   Unlike traditional savings accounts, they offer a much better return – letting your money grow risk-free while still being easily accessible when you need it.   Whether you’re: saving for a vacation building an emergency fund tackling credit card debt …a high-yield savings account can help you reach your short-term goals faster.   Keep in mind that features can vary by bank – some might have minimum balance requirements or charge monthly fees.   It’s a simple, safe, and effective way to boost your savings.  

Have cash earning little to no interest? Consider a High Yield Savings Account. According to https://bit.ly/2Ik7pX3, the average rates are about 4.6%. These accounts are great for emergency funds and short-term goals like saving for a house or car. https://bit.ly/3Z2u7fu

Whether it’s for personal goals or growing your business, The Peoples Bank’s savings accounts are designed to help you achieve more. Start saving and earning today! #ThePeoplesBank #BusinessSavings #PersonalSavings

Do you know the three types of basic savings accounts you need to get ahead in the money game? Do you have all or any of these? #TheRealHowMoneyWorks https://bit.ly/3JLuv9x

Let’s take a step back and get back to basics: what are your options when you’re looking for savings accounts? A recent rise in interest rates has brought high-yield savings accounts back into the discussion. If FDIC-insured, a high-yield saving account could be a great way for folks to earn a little bit more return on the cash that they’re holding to the side for their emergency fund. What are some other options? Check out this classic installment of John’s Top Tips for a brief discussion of some of your options when you’re looking to put some money away for later. #saving #savingaccounts #highyieldsavings #rates #interest #financialplanning #financialplanner #financialadvisor #johnstoptips #gcm #generationcapitalmanagement https://hubs.ly/Q02vXfJs0

Smart Savings: 7 Strategies to Keep Your Wallet Full - Track Spending: Monitor where your money goes to identify areas for improvement. - Set Clear Goals: Establish short and long-term financial objectives. - Embrace DIY: From cooking to home repairs, learn to do it yourself and save. - Negotiate Bills: Don't hesitate to negotiate better rates for services like cable or internet. - Prioritize Debt Repayment: Focus on paying off high-interest debts to save on interest. - Shop Smart: Compare prices, use coupons, and wait for sales to get the best deals. - Build an Emergency Fund: Prepare for unexpected expenses by saving regularly. By implementing these strategies, you can watch your savings grow and achieve your financial dreams. #savings #finance #money #salary #FinancialWellness #financialfreedom

💰 Saving for your dream home just got easier! Here are 4 simple tips to grow your down payment fund faster. Start today and watch your savings grow! #HomeBuyingTips #SaveForYourFuture #DownPaymentGoals #RealEstateJourney #OneSourceAffiliates