The smarter way to save money

Saving for a rainy day is wise. But do it the smarter way. Here’s what I mean:

Many business owner’s I’ve known over the years aren’t the only income in the household. The money they make is a bonus. So they leave it piling up in their business checking account for a rainy day.

However, this isn’t the best use of your money! Your checking account usually doesn’t pay interest and if it does you’ll get 4 cents per month….

Instead, pay yourself and put that money into a high yield savings account so you can earn interest.

You can still save it for a rainy day, just earn some interest while doing it.