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5 money management tips to ensure your funds keep growing [Business Insider]
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Many US schools don't prioritize personal finance education , meaning that knowledge is acquired by learning from costly mistakes. The good news is despite these pitfalls, the road to becoming financially savvy isn't as difficult as it might seem. Familiarizing yourself with basic concepts, like how credit cards work and ways to grow your wealth, can keep you from falling into a debt trap and set you up for long-term stability. For all the "growth getters" out there eager to get into financial shape, here are five basic yet incredibly effective strategies to protect and build your hard-earned money. 1. Opening a high-yield savings account can be a game-changer While 68% of Americans have a standard savings account, according to Forbes, fewer take advantage of high-yield accounts that offer better returns. These savings accounts use the magic of daily compound interest, meaning your savings grow every single day, boosting your balance over time without any additional effort fro
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