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Why I Don't Save My Money in a Savings Account (and Where I Save Instead)
You might think you already know what I'm going to say in this episode - that savings accounts don't give enough interest - they aren't even keeping up with inflation so I'd be losing money in a savings account when I factor in the time value of money.
While that's true... that's not the main reason I don't use a savings account to save, except for a very small buffer. Low interest is not even in my top 5.
I look forward to sharing my top 5 and the alternative I've found that solves all 5.
---
To connect with the community, visit fifemovement.com.
If my gift has helped you, please pay the gift forward by sharing this content with a friend.
My gratitude in advance.
---
Our generation needs to create a unique path to Financial Independence. The FIFE Movement explores and promotes an entrepreneurial and feminine approach to freedom for us and for the entire world.
Wealth is coming our way… lets prepare to use it well!
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By Amanda Neely
5
11 ratings
You might think you already know what I'm going to say in this episode - that savings accounts don't give enough interest - they aren't even keeping up with inflation so I'd be losing money in a savings account when I factor in the time value of money.
While that's true... that's not the main reason I don't use a savings account to save, except for a very small buffer. Low interest is not even in my top 5.
I look forward to sharing my top 5 and the alternative I've found that solves all 5.
---
To connect with the community, visit fifemovement.com.
If my gift has helped you, please pay the gift forward by sharing this content with a friend.
My gratitude in advance.
---
Our generation needs to create a unique path to Financial Independence. The FIFE Movement explores and promotes an entrepreneurial and feminine approach to freedom for us and for the entire world.
Wealth is coming our way… lets prepare to use it well!