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Managing your finances has always been a crucial aspect of your personal life, but with a global pandemic underway, uncertainty is surrounding more than just your savings account. Checking out and not keeping a close eye on your financial well-being is not an option. Instead, taking stock of how you manage your money may bring you greater peace of mind in this troubling time.
Uncertainty surrounds everything from your paycheck to federal interest rates but focusing on these three goals for managing your money may help you find some additional security in a post-COVID world.
Find a high savings rate
Saving money becomes even harder during a crisis, but one of the smartest things you can do now is open a high-yield savings account. Explore different online banks and see what they can offer as far as the annual percentage yield.
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