Hello to all of my wonderful readers! I would like to connect you to some information and tools that are financially beneficial:
1. There are many great books out there about money. I have recommended a few in some of my previous posts, but if you can only stand to read one, let it be Your New Money Mindset by Brad Hewitt, the CEO of Thrivent Financial (the awesome company that helps me on my wise with money journey), and James Moline, a licensed psychologist. Here is a quote from the book that sums up it's message and my heart's cry: "Before you can remake your habits, you need to remake your heart." That deserves an Amen! I would also like to encourage you to take the free online assessment tool from the book. It will give you insight into your current money mindset and how you can grow. It's brief and fun! Click here to take the assessment.
2. Switching gears, my next helpful tidbit is an exciting new offer! In a previous post, I recommended keeping your emergency fund in a Capital One 360 online savings account, which earns an APY of 1%, which is still great, but on balances over $10,000, Capital One 360 is now offering Money Market accounts that earn an APY of 2%!!! So if you have an emergency fund and need a place to keep it, Click here to open an account. And if you don't have an emergency fund, let this offer be a good motivator! Start with a savings account (use the above link to apply). There are no fees and no minimums on either kind of account, and they each offer a sign up bonus! Capital One 360 also has awesome free digital savings tools for account holders. Online banks are becoming very popular because most of them are fee free and offer much better interest rates than traditional brick and mortar banks. As a result, online bank interest rates are rising in order to be competitive with each other. Even more motivation to save up!
3. Speaking of saving, a great way to start is by cutting back, budgeting (Click here to read my post on budgeting), and preventing spending leaks by tracking your spending. A fun way to do this is by using the Receipt Hog app. You upload a pic of all your receipts to the app and earn coins in return that can be redeemed for cash or other prizes. It's a fun way to keep track of your receipts/spending while also earning a little free money!
4. This last helpful tidbit is really more of a PSA. If you're like me, you're always looking for ways to make your money work for you. In doing so, you may have come across the investing app Stash, which allows you to invest with as little as $5. I like the idea of making investing accessible to everyone, but the problem is that it defeats the purpose when the service fee is greater than the rate of growth on that small of a balance. Even if you do have enough to see growth after the service fee, the fee percentage is on the high end. So Stash = no!
That's all for now! Thanks for reading and please don't forget to like, comment and share!
1. There are many great books out there about money. I have recommended a few in some of my previous posts, but if you can only stand to read one, let it be Your New Money Mindset by Brad Hewitt, the CEO of Thrivent Financial (the awesome company that helps me on my wise with money journey), and James Moline, a licensed psychologist. Here is a quote from the book that sums up it's message and my heart's cry: "Before you can remake your habits, you need to remake your heart." That deserves an Amen! I would also like to encourage you to take the free online assessment tool from the book. It will give you insight into your current money mindset and how you can grow. It's brief and fun! Click here to take the assessment.
2. Switching gears, my next helpful tidbit is an exciting new offer! In a previous post, I recommended keeping your emergency fund in a Capital One 360 online savings account, which earns an APY of 1%, which is still great, but on balances over $10,000, Capital One 360 is now offering Money Market accounts that earn an APY of 2%!!! So if you have an emergency fund and need a place to keep it, Click here to open an account. And if you don't have an emergency fund, let this offer be a good motivator! Start with a savings account (use the above link to apply). There are no fees and no minimums on either kind of account, and they each offer a sign up bonus! Capital One 360 also has awesome free digital savings tools for account holders. Online banks are becoming very popular because most of them are fee free and offer much better interest rates than traditional brick and mortar banks. As a result, online bank interest rates are rising in order to be competitive with each other. Even more motivation to save up!
3. Speaking of saving, a great way to start is by cutting back, budgeting (Click here to read my post on budgeting), and preventing spending leaks by tracking your spending. A fun way to do this is by using the Receipt Hog app. You upload a pic of all your receipts to the app and earn coins in return that can be redeemed for cash or other prizes. It's a fun way to keep track of your receipts/spending while also earning a little free money!
4. This last helpful tidbit is really more of a PSA. If you're like me, you're always looking for ways to make your money work for you. In doing so, you may have come across the investing app Stash, which allows you to invest with as little as $5. I like the idea of making investing accessible to everyone, but the problem is that it defeats the purpose when the service fee is greater than the rate of growth on that small of a balance. Even if you do have enough to see growth after the service fee, the fee percentage is on the high end. So Stash = no!
That's all for now! Thanks for reading and please don't forget to like, comment and share!
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