Most folks in the US are about to get a chunk of money from their tax refund and/or a stimulus check. Many reports are saying they will start to make direct deposits this weekend stimulus funds!
Many folks need this to pay bills and put food on the table. If you aren’t needing the money quite yet I want to encourage you to save it! There are a few different ways you can save the money and put it to work for you.
Most importantly do not think of this as an instant vacation fund, but instead use it wisely.
How to Use Your Refund & Stimulus Checks Wisely
Save It In Online Savings Accounts
While having a local bank is great, you should consider putting any extra amounts of money into online banks. They are paying up to 1.75% interest right now compared to most local banks that pay .05-.15%. The difference in real money…
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