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Why Saving Is Important: Everything You May Need Extra Money For
['Samantha Hawrylack Has Spent Her Career Around Money. Before Becoming An Editor', 'She Worked As A Brokerage Investment Professional At Vanguard', 'Where She Held Series', "Licenses. This Background Means She Knows What She'S Talking About When It Comes To Banking", 'Building Wealth. She Helps Readers Track Down The Best High-Yield Savings Accounts', "Decide If They'Re In Between Banks", 'Take Their First Steps Into Investing.']
FinanceBuzz
Whether you save in a high-yield savings account or take advantage of the 529 tax savings, you could save yourself or your relatives from excessive interest and loads of student debt in the future. The difference in what you earn is significant: After 10 years in a high-yield savings account, your money will have earned $1,343.52 more than if you had kept it in a regular savings account. Pick up a fun side hustle and save that money: If your day job covers only enough to pay the bills, you'll need to figure out how to make extra cash to start saving.