4 Money Accounts You Need

Being organized with your money is half the battle to getting good with your personal finances. By having a great system in place, you’re making it easier on yourself to do all the right things. Here are four types of accounts you need to be organized and good with money:

- Checking: This account is the hub where money will flow in and out of.

- High-Yield Savings Account: We’re ditching the traditional savings account and having our money work for us in a HYSA. This is where you will keep your emergency fund, sinking funds, and short-mid term goal savings.

- Retirement: This includes your tax-advantaged retirement accounts like a 401k, Roth IRA, and HSA.

- Brokerage: This account is for investments outside of retirement. Here you will invest for your long-term goals, that don’t need to be in a savings account. This would relate to goals that are 10 or more years in the future.

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