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Because of this, shes learned a thing or two about how banks can help people with their money.
I know a lot about this because I work at the bank, she said.
But, to be honest, I learn most things from my customers.
Here are seven ways banks can help you achieve financial independence, according to a bank teller.
High-yield savings accounts are where its at the interest rates can get really high.
Budgeting Tools: Your Financial GPS
Most banks have budgeting tools in their apps, Rachael shared.
These can categorize your spending, set limits and even predict future expenses.
Theyre actually pretty advanced!
Shes seen customers turn their finances around just by using these free features.
Its the set-it-and-forget-it approach to saving, Rachael shared.
It really does add up when youre not paying attention.
Start small if youre new to this.
Even $20 a week is better than nothing, she said.
Once you see that savings account growing, youll be motivated to save even more.
Its a strategy where you spread your money across CDs with different maturity dates, she explained.
This way, youre always getting some money back while still earning higher interest rates.
She warns its not for everyone.
It takes some planning, but again, ask for help, Rachael said.
Especially if you have high-interest debt, Rachael shared.
But be careful you dont want to rack up new debt once youve consolidated.
The key here is to get rid of debt completely, so be careful.
You dont need to be a millionaire to start investing, Rachael said.
Often, banks will offer free consultations with financial advisors.
Just double-check there arent any fees attached, she shared.
Workshops, webinars, online courses banks are practically begging you to get smarter about money, she said.
Shes seen these freebies change lives.
Its never too late to learn how to adult with your money.
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