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re: What’s the best place to put $2,000?
Posted on 1/25/19 at 7:03 pm to Undertow
Posted on 1/25/19 at 7:03 pm to Undertow
Is is *all* of your savings? IOW, your emergency funds, your contingency-car-broken-down-gotta-get-it-fixed funds, your deductible for your health insurance, etc.? If so, put it into an online savings account. You’ll make 2%, but it won’t shrink and you can get access to it if necessary for those aforementioned things.
If, on the other hand, you have an emergency savings cushion, your health insurance/car deductible, etc already squirreled away, and this is the beginning of actual investing, you can consider other options.
If, on the other hand, you have an emergency savings cushion, your health insurance/car deductible, etc already squirreled away, and this is the beginning of actual investing, you can consider other options.
Posted on 1/25/19 at 7:37 pm to hungryone
it is not all of my savings. I have about $3,000. No debts. I wanted to keep about $1,000 in my checking and put the rest in some kind of account that will draw better interest. I guess I should find out the interest rate of my existing savings account at my credit union which currently has $0 in it.
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