Tag Archives: credit card

Finance tip: put 10% of your pay into a savings account

A high-interest savings account is a great, risk-free way to see your money grow over time, and the results of putting in a little bit regularly will really add up. A typical high-interest savings account might pay something like 2% – 4% per year. Then again, your typical credit card charges an interest rate of about 18% per year, and many retail cards charge close to 30%! Pay these off FIRST.

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