Why You Should Save in 2024

Saving money offers so many benefits ranging from a peace of mind to having FU money should you need it. The question is do you need to save in 2024 and why should you? With the economy as crazy as it is, employment uncertainty, and everything else life throws at us, why not YOLO it right? Well, I'd like you to talk to future you and your future loved ones and let them know it will be okay. It will be okay because you practicing financial responsibility for them. In this video, we talk about sinking funds, emergency funds, rainy dayes and so much more.
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Filming Equipment: Sony ZV-1, iPhone 13 Pro Max, natural light

[@TiaFaith]

Do you have any saving goals for the rest of the year? Share below what those goals are and how you plan on accomplishing them! Don't forget to 👍, comment, and subscribe.

[@OurRetireEarlyJourney]

Peace of mind to eliminate that stress just by saving is by far the right message!

[@TiaFaith]

Yes, have something set aside. Any bit helps and can flex towards several things.

[@ggie100]

I will highly advise people to open up a high interest online banking savings account. That way you're not losing money with inflation.

[@TiaFaith]

I hear that! Now do you shop around for the highest rates or do you stick with one and leave it? I keep track of the rates at different banks, but I haven’t moved from the original I started with in 2020.

[@ggie100]

@@TiaFaith I just staying with sofi bank for now. They give me a 4.60% saving interest rate return

[@TiaFaith]

@@ggie100nice! I’m at 4.25%.

[@ggie100]

@@TiaFaith That's sweet

[@Chester90909]

@@TiaFaithI used to keep majority in Sofi but since I have brokerage acct with fidelity I just keep my emergency fund in the SPAXX which is the Money Market Account which gives about 5% more or less. I have it automated so every time I get paid a portion gets transfer to the MM

[@fakapikopikomardito980]

GREAT VIDEO!! I LOVE IT

[@TiaFaith]

Thank you!
What are your thoughts on saving in 2024? Too late or just start?

[@IxmChxn]

Savings is soooo important, I definitely learned the hard way the importance and I think setting up small goals to create a larger sum is such a good idea, sometimes we think that something is out of reach when really its just a matter of planning. Especially with sinking funds.

[@TiaFaith]

Absolutely!! Base hits and small wins play a huge role.

[@TiaFaith]

Absolutely. Base hits and small wins play a huge role.

[@alwandawilliams3027]

I need a sinking fund for taxes,car maintenance and unexpected house repairs.

[@TiaFaith]

Prepare now for later.