My Younger Sister Asked Me for Money Advice. Here Are 5 Answers I Gave to Improve Her Life
The protagonist's younger sister has been asking them for advice about money, so they consult with financial advisors to give her the best answers.
Janna, a filmmaker, has been coming to me more often with financial questions as she gets older. Janna stated, "I believe with each year of your 20s you take on more freedoms." Life Planning Partners founder in Jacksonville, Florida and certified financial planner, McClanahan, suggests that you always have at least one month's worth of bills in your checking account. Experts recommend that this cash be saved in a high yield savings account. These accounts provide higher than average returns. McClanahan stated that you shouldn't invest money you won't be able to pay for in five years. What number of credit cards should you have? Rossman stated, "I would vote to start small." Rossman recommends that you get a credit card without an annual fee, put some routine expenses on it, and pay your balance in full each month. The high interest rates
He said that you should also consider where your money is spent most often. Look for a card that pays 6% at supermarkets if you spend a lot of income on groceries. She suggested that you examine your spending on "wants" and ensure that it is bringing value to your daily life. She said, "Say you are saving for other goals and offer a cheaper alternative." Janna, do you have any other questions? You can reach me at the following address: