This post may contain affiliate links. Read the full disclaimer here.
New year, new goals!
Every January, as I write out my new year’s goals (or as some call resolutions!) I always include a personal finance goal. Sometimes three if I’m feeling extra ambitious.
This year is no different, especially with the endless doomscrolling about how 2023 is going to be one hell of a year. Nevertheless, I believe it’s extremely important to keep a close eye on your personal finances to make sure you stay on track, especially when experts on the news channels are not so generous with confidence boosters.
Photo by Annie Spratt on Unsplash
According to Statista, in 2023 “the resolution to save more money comes in rank 4” for US respondents, right behind our classic ones of exercising more, eating healthier, and losing weight. Sadly, saving money isn’t always as easy as it sounds.
I grew up in a household that either avoided discussing money or had fierce, sometimes physical, arguments about it, so anything money-related was extremely touchy to me. It took years of actively training myself to come to peace with money, learn how to save, and ultimately take control of my personal finances. But that is a story for another day!
Today I want to share how I make my money work for me so I reach my savings goals faster. It’s simple– high-yield savings accounts or HYSAs. That’s it. The key is to keep things so simple that growing your savings doesn’t feel like a chore.
The two HYSAs I’ve used in 2022 and will continue to hold on to in 2023 are:
Current
Current is slightly different from the standard HYSA in the sense they’re called savings pods. At the time of writing these savings pods offer up to a 4.00% APY. Each savings pod maxes out at $2000, for a total of $6000. If you’re like me and want your emergency funds to still work for you while being easily accessible, this is a great way to set money aside and earn interest.
Even better if you sign up for an account through my Current referral link and receive a qualifying direct deposit of at least $200 within 45 days of opening an account, you’ll get a $50 bonus. Talk about making your money work for you!
Here is my Current referral link so you can earn your bonus.
Marcus by Goldman Sachs
I’ve been using Marcus high-yield savings accounts for quite a few years now for short-term savings goals like buying a new fridge to bigger expenses such as saving up for a trip abroad.
It’s super easy to use and the setup usually takes less than 5 minutes for me (yes, I have more than one HYSA to serve different goals). Right now the Marcus savings account offers a 3.30% APY with a $0 minimum balance.
If you sign up for a savings account using my Marcus referral link today, you can get an additional 1.00% APY bonus, which means a 4.30% APY for the first 3 months! And better yet, I love how It’s such a simple yet effective way to kick off your 2023 savings goals.
Here is my Marcus referral link so you can start saving more today!
Last but not least, I hope we all crush our 2023 goals, resolutions, milestones, etc. Here’s to 2023!
This post may contain affiliate links. Read the full disclaimer here. A friendly note that this is an opinion piece written by your truly and should not be taken as professional financial advice.
Counting My Apples 