Use an Interest- or Dividend-Bearing Account for Your Savings
Putting your savings in the stock market is one thing that financial advisers say you shouldn’t do. Should anything happen, your money is at risk, and then you’ll completely negate the purpose of building a reliable money source.
Instead, aim for keeping your emergency cash liquid. Some might also find that putting it in a high yield interest or dividend bearing account is the safest option. You’ll not only ensure that you have enough saved for rainy days, but you’ll also get to watch your money grow.
This option truly is the best of both worlds!
