Categories for Prize-Linked-Savings

How to Save for Retirement, Starting Now

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August 12, 2021 9:17 pm | Leave your thoughts

A one-dollar bill stands on a white countertop in front of a white brick wall

There comes a time in our lives when we will need – or want – to retire. Some individuals can retire sooner than others. Regardless of when you retire, you need to make sure you have enough money saved. So, how much do you need to save for retirement? Let’s dive in. How Much to...

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Should I Save or Invest It Instead?

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August 11, 2021 10:43 pm | Leave your thoughts

A young woman studies her financial options on her laptop

Is it better to save or invest your money? Saving and investing are two different methods of growing wealth that share similar characteristics. Both have their pros and cons. We’ll talk about how to build wealth with either option. What’s the Difference Between Saving and Investing? The difference between the two is straightforward. Saving money...

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Is a High-Yield Savings Account Worth It?

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July 19, 2021 9:12 pm | Leave your thoughts

Coins spilling out of a jar

Nearly every bank pays you interest when you deposit your cash with them. Yay for free money! Well, don’t get too excited. Did you know that the national average interest rate for a savings account is around 0.06 percent, according to the FDIC? For example, if you deposited $1,000 into a savings account that earns...

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