Being fancy is more than just good looks. For women like us—high-achieving, ambitious, and ready to live our best lives—financial mastery is just as important as self-care. I know we’d all love to pretend money doesn’t matter, but let’s be real—it does. Kanye said it best: “Money ain’t everything, not having it is.” Sure, it’s not the most important thing, but it’s definitely up there with air when it comes to living a thriving life.
Winging it or winning it?
In my last post, Creating a Harmonious Life: Blending Financial Health and Serene Self-Care, I talked about the importance of a spending plan. Now let’s dive into the next layer: a savings plan. How are you paying yourself every month? Are you setting aside a certain amount bi-weekly, or just one big transfer at the beginning or end of the month? Either way, if your money is just chillin’ in a traditional savings account, you’re leaving cash on the table—and girl, that’s not the move!
Let’s talk about the power of a high-yield savings account (HYSA). This is one of the easiest ways to grow your money without any extra hustle.
The Benefits of a High-Yield Savings Account:
- Higher Interest Rates: Traditional savings give you crumbs—less than 0.05%. But with an HYSA, you’re earning 10-20x more, depending on the bank.
- Low Risk, Big Reward: HYSAs are FDIC insured, so your money is safe and still working for you.
- Access Anytime: Your money stays flexible—you can still access it when you need it.
It’s like turning your emergency fund into a mini investment while keeping your finances secure.
Saving up for sunshine or just planning for a rainy day?
Imagine your “Peace of Mind” funds actually working for you. Because preparedness is the new luxury sis—no ‘emergency fund’ needed here. I use Marcus by Goldman Sachs for my HYSA, and I love the competitive interest rates and no fees. Ready to start earning more with your savings? Click the link and start growing your money today.
Making this switch is a small step that brings big returns. Next up in the Money Series, we’ll get into eliminating debt. Because saving is key, but paying off debt will free up even more of your income to help you achieve that financial freedom you deserve. Stay tuned!
XOXO,
Amber Danaye
