Give every dollar a job
Money sitting around? Give it a job.
Savings piling up, an inheritance, a bonus or a refund. Here is the order most people follow.
$10,000 in savingsTen thousand dollars is a real start. The trick is giving every dollar a job, in the right order.$50,000 in savingsFifty thousand dollars in a savings account is security. Past a point, it is also money that is not growing.$100,000 in savingsA six-figure balance is a big achievement. Left in cash for years, it is also a big missed opportunity.An inheritanceAn inheritance often arrives during a hard time. The best first move is usually no move at all.A work bonusA bonus is the easiest money to invest, because you were not counting on it.Most searched December to MarchYour tax refundA refund is your own money coming back. It is also a once-a-year chance to give it a better job.Most searched February to April
For education only and not personalized investment or tax advice.