The Money with Katie Show #3: TOP 5 PERSONAL FINANCE BASICS: Money for Beginners
8 snips
Oct 20, 2021 AI Snips
Chapters
Transcript
Episode notes
Strategic Debt Payoff
- Strategically pay off debt, prioritizing high-interest debts first.
- Use the interest rate, not the balance, to decide your payoff strategy.
Emergency Fund Strategy
- Build an emergency fund in a regular savings account for short-term needs (around 6 weeks).
- Consider a taxable brokerage account like Betterment Safety Net for a larger, long-term emergency fund.
Early Investing
- Invest early and often, even small amounts, to benefit from compound interest.
- Use robo-advisors like Betterment for easy, diversified investing.