So I have been saving up for a while, from college to now maybe $20k, and I keep it in a bank and get like no interest but I can withdraw my money anytime I want.
Due to using the money to pay for my credit card per month and getting my workplace to transfer my the money there I can’t deal with savings accounts that require me to deposit a huge amount and not expect it to go up or down. I would say I can save up to 24k slowly but also quickly go back to 19-20k. (Health and vet)
I heard about a different type of savings (not Roth IRA) but similar, you put like say 20k and get interest on it so you end up with like 20k+400. Downside is I can’t withdraw my money for a year??
I’m not sure which banks have this program and how much I can invest or should invest, I feel like I’m 5.
In: Mathematics
I put money in Accorns and it gained more than keeping it in a bank. It’s not interest, they use it on the stock market.
However that was when the economy was good.. now it might not grow as quickly and you might even lose money if the stock market is really bad… I dunno I’m not very good at this stuff either but I do recommend Accorns. If you are interested I can give you a code and we will both get 10$
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