When you are just starting out or finally starting to get serious about saving, the basics will get you far. Here are more than a dozen tips that will help you lay the base for building your net worth.
A Google logo is seen at the garage where the company was founded on Google's 15th anniversary in Menlo Park, California
Generally, aim to have an emergency fund equal to six months of expenses. It can cover you if you lose your job or have surprise costs like a big car repair. Online banks may be a bit less convenient than your local one, but for money you don't tap every day they're a better deal.
If you want checking
Ally Interest Checking pays a 0.25% yield on accounts under $15,000 and 0.65% for anything above that. (Some other savings accounts pay as little as .01%.)
For just savings
Barclays Online Savings pays 0.9%. No monthly fees or minimum.
For the medium term
High earners often need more than six months to replace a lost job. If you have cash for expenses beyond a year, GE Capital Retail Bank 12-month CD pays 1.05%