3 Lazy Girl Hacks for Growing Your Money

One
Get Paid to Hold Your Emergecy Fund

• Open a high yield savings account (HYSA).

• Move what’s in your savings account into this HYSA?

• Automate deposits into your HYSA. Done!

What is a high yield savings account (HYSA)?:
A HYSA is a savings account that earns significantly more interest than a traditional savings account, helping your money grow faster while still keeping it accessible for short-term goals and emergencies.

What is an emergency fund?
A sum of money equal to 3-6th month of expenses that should be used as a safety net.

Two
Automate Your Savings

• Set up automatic transfers to your high yield savings account (HYSA) every payday

• Even $25 or $50 per paycheck adds up.

• You don’t need motivation if the system does it for you.

Three
Let Your Money Invest Itself

• Open up a Roth IRA.

• Pick a broad index fund (or target date fund).

• Turn on automatic deposits.

What is a Roth IRA?
A Roth IRA is a retirement account where you invest money you've already paid taxes on, and your money can grow and be withdrawn tax-free in retirement.