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Tag: CD

From HYSAs to CDs, Here’s How to Level Up Your Financial Savings

April 6, 2020January 8, 2022 Jess Fickett ("Piggy") 12 Comments

In light of certain global pandemics, financial experts are telling us to prioritize savings over investing at this time. But what does that truly mean? Pulling your money out of the bank and stuffing it in your mattress? Probably not.

We’ve already lectured you on keeping up with inflation and the expense of depreciation—complete with examples from Harry Potter! So our beloved readers know that keeping fat stacks of literal cash in a drawer is a bad idea.

But what can you do to cautiously save your money in a way that will both keep up with inflation and stay safe from the risk of stock market volatility?

Take my hand, children, and I will lead you up a ladder of ever increasing financial savings savviness with the following four savings methods.

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Most people don't understand the FDIC or what it does. Which is why it's terrifying that the FDIC is under threat from the current administration! Here's the truth about which banks are insured and how you can secure your savings.  ✔ Read a text version (with links to all our sources) at BitchesGetRiches.com.
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