STOP Hiding Money Under Your Mattress // How to Improve Your Savings

Seriously, stop hiding money under mattresses. Banks are a safe place to store your hard-earned savings, and high-yield savings accounts can help you stay on par with inflation. In this video we discuss how to structure your savings with emergency funds, where to store your cash, and other tips and tricks to get the most out of your savings. How big should your emergency fund be? Personally, I separate my emergency funds into short-term and long-term. The short-term emergency fund covers any unexpected bills or repairs, while the long-term emergency fund helps keep you afloat if you lose your job. The exact size of these emergency funds depend on several factors, but most people recommend between 3 and 6 months' worth of expenses overall.
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Disclaimer: This video may contain affiliate links, meaning that if you purchase a product I may receive a commission at no additional cost to you. I do not share any resources, products, or services that I do not personally use and believe in. I am not a financial advisor nor a tax professional. The content presented in this video is for entertainment and educational purposes only.