Getting Started with Finances
Did you just landed your first job or recently turned 18? Now’s a good time to think about how you're going to manage your money.
Before giving your money over to someone else, whether a bank, investment platform, or other financial tool - make sure they are backed by the FDIC. This shows that they have government backing and will cover you in case something goes sideways.
Start with a Checking Account
Start by setting up a checking account. Look for one that's user-friendly, doesn't cost you anything, and has a nearby bank for easy access. Personally, I trust the ones here.
Building Your Savings Foundation
Now, let's talk savings. Consider getting a savings account; it's a safe place for your funds until you need them. Aim for an account with a high interest rates. My recommendations? Click here to check them out – as a high yield savings account, you'll earn money each day just for keeping your money by them!
Exploring the World of Credit Cards
Lastly, think about signing up for a credit card. It's important to start building your credit history and you can unlock some pretty awesome perks. If you're opening your first card, opt for a student card or a starter card – you are more likely to get approved. Here's a link to some great cards to get started with.