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sirguynate t1_j2cc42s wrote

It can be as simple as putting money in a high yield savings account.

A couple of years ago I stopped drinking coffee. I started a weekly auto transfer for the $25 that I normally spent on coffee in a high yield savings account.

It literally can be that simple. https://ibb.co/mhg5SpV

Other than that, I have most my 401k in index and mutual funds.

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tewanderer2 t1_j2d4l1i wrote

Which bank did you use? I have a lot of savings doing jack in my chase account I'd like to move somewhere better

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lost_girl_2019 OP t1_j2darw8 wrote

I've read a lot of positive reviews about Ally. Thinking of checking them out myself.

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okreallymaam t1_j2e8219 wrote

I like Marcus by Goldman Sachs! It’s incredibly easy to set up a HYSA, no minimum, no fees. I tell my family and friends to set out up if you have a chunk of change in your savings account.

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novdomo t1_j2f7kxo wrote

The money which he is putting right now in SIP now, would give him a good return later on in his life.

He would be thanking all those people who gave him this advice for real.

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