One of the most important financial protections for anyone is an emergency fund
Eric Rosenberg is a former bank manager. When his sister started getting a paycheck at her first job, she asked him where to put her money. They reviewed all her accounts and decided the right place for her emergency fund was an online high-yield savings account, where she could earn interest of 2% or more — about 200 times what she'd been earning at a traditional bank. Also, her money is readily available in case she needs it quickly.
Eric Rosenberg is a former bank manager. When his sister started getting a paycheck at her first job, she asked him where to put her money. They reviewed all her accounts and decided the right place for her emergency fund was an online high-yield savings account, where she could earn interest of 2% or more — about 200 times what she'd been earning at a traditional bank. Also, her money is readily available in case she needs it quickly.
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