ICYMI - Three tips to managing your money post-COVID world
Uncertainty surrounds everything from your paycheck to federal interest rates but focusing on these three goals for managing your money may help you find some additional security in a post-COVID world.Saving money becomes even harder during a crisis, but one of the smartest things you can do now is open a high-yield savings account. Explore different online banks and see what they can offer as far as the annual percentage yield.
While you watch your high-yield savings account grow, take the opportunity to set up your emergency budget. The best way to avoid a financial emergency is to make sure you have a cushion to get you through hard times. Whether it’s an unemployment cheque, a paycheque, or even worker’s compensation or paid sick leave, a good rule of thumb is to stash away a small percentage of it for a rainy day.
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