Pay Down Debt:
Every once in a while I find cool tips online on how to pay
down debt. Here is one internet bank to get a high yield interest rate and also
lets you create at least 20 sub saving accounts (vaults) to manage savings
effectively.
Note: It’s a great sub account to manage your money as long
as you follow their requirements.
Sofi
https://www.sofi.com/invite/invest?gcp=b0ef5c06-cdff-413f-8c17-9260f09caa0c&isAliasGcp=false
Here are some examples:
1-
Let’s say you want to save money for savings but
also create a savings account for Bills, Christmas, Vacation or buying your new
car.
You create the first account for savings
and name it and then create a sub-savings account (vaults) for Bills, for Christmas,
another one for vacation and the last one for new car.
Every time you put money in saving you then
decide how much you are going to put in a month for Christmas, for vacation and
for your new car.
When the time comes to use that money you
tap into that money along with the high yield interest and stay focused on your
budget for that savings.
It’s an excellent way to manage money and
to create sub accounts to make your dreams come true. You will not be confused about
your expenses because the money is separated into each account.
It’s basis money management 101, the things
that they do not teach in school.
