Why savings accounts suck

[@TheCloveart]

Very true, but during this inflation hike, high-yield savings accounts do outpace inflation by giving savers interest rates of 4 to 5%... I think the highest I got was 5.5%

[@BlackExcellenceMedia]

You're right! High yield savings accounts are everywhere now, but better to get in the habit of investing instead of just saving

[@TheCloveart]

@@BlackExcellenceMedia Very true. But the strategy I heard is to have an emergency fund in savings and then start investing. Both are great habits.

[@k.karmas1126]

What I heard is to:
1. Get rid of debt bc debt interest is 15 -30%
2. Place the emergency fund in a HY svg acct.
3. Invest

[@Tara-vc6ox]

*PromoSM*