Is Your Savings Account Costing You Money?
In this month’s post, Accredited Financial Counselor Chelle Gonzo describes a familiar scenario:
“You did the hard part: You opened a savings account, deposited money—maybe even lots of money over time—and moved on. A smart money move checked off the list.
Years later, it’s still sitting in the same account, quietly earning almost nothing. That is the sneaky cost of inertia. It’s not that you made a bad decision. You just didn’t check in to see if it was still the best decision.”
Chelle recommends trying a high-yield savings account because “doing nothing costs you something. It’s worth 15 minutes of your time to make a move.”
Read her full post for the features to look for and the questions to ask to help your money keep up with rising costs.
Chelle specializes in helping women in their 20s, 30s, and 40s learn more about money so they can put their most powerful advantage to work: Time.
If you’re ready to prioritize your financial well-being—and need a nudge from a financial coach—visit Chelle’s website to learn more about her services or contact her directly at chelle@moneynudges.com
