Submitted by Brucine t3_11bmim3 in personalfinance
-MYNAMEISNOBODY t1_ja05lbg wrote
Good job and congrats!! I would recommend that you start to slowly educate yourself so that you can eventually dip your toes into investing. US Government Bonds are paying well ( vs cash) and are as safe as it gets.
At the very least, if you haven’t yet, you will want to ensure that any excess cash, like emergency funds, is not just sitting in a bank savings account paying .1%.
A high yield savings account is easy to set up, easy to transfer funds and pays at least 3-4.5% interest right now. That’s $30-45 per year per $1000 and it compounds. Free money… well, it least it almost keeps pace with inflation.
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