GOBankingRates works with many financial advertisers to showcase their products and services to our audiences.
These brands compensate us to advertise their products in ads across our site.
This compensation may impact how and where products appear on this site.
Commitment to Our Readers
GOBankingRates' editorial team is committed to bringing you unbiased reviews and information.
it’s possible for you to read more about oureditorial guidelinesand our products and servicesreview methodology.
Also seefive ways you might create your own stimulus check in 2025.
He explained that those steep interest rates are chipping away at your monthly budget.
Park It in a High-Yield Account
Got your debt under control?
Consider saving the money.
Parking your money here could help you earn even more too.
The most competitive accounts are currently yielding around 4.75% annually, he said.
Rates are not expected to decline notably.
Boost Your Retirement Savings
Another good bet is to think long term.
Invest In Yourself
Got a side hustle or thinking about a career change?
Bennett said this money could be your ticket to growth.
Get Smart About Taxes
Before you spend that money, think about Uncle Sam too.
Consider consulting with a tax professional or CFO who specializes in advanced tax strategies, Bennett said.
More From GOBankingRates
Share This Article:
