How To Set Up Your Savings and Sinking Funds | 2020 Financial Goals | Aja Dang
Description
Hi! I'm Aja Dang and this is how I'm setting up my savings and sinking funds account. Now that I've paid off my debts, it's time to start to save up for my fully funded emergency savings fund, while also saving up for some future financial goal in my sinking funds account. Now it's finally time to solidify my financial security.
I'm putting both my savings and sinking funds in Empower Auto Savings and Checking accounts. Empower is a mobile app that some of you recommended to me last year. I've decided to put my funds in the Empower account because of the high interest APY on automated savings and checking (1.60% APY) with no minimum balance. Plus the budgeting and spend tracking tools are probably one of the better interfaces that I've dealt with over the past two years.
Hope you all enjoy this video. I'm really excited to start savings for my emergency fund - we are one step away from completing my debt free journey!
•BUDGET•
2020 Budget: will go live for Feb 2020 budget
2019 Budget: http://bit.ly/2Vmpc5F
• VIDEO MENTIONS •
EMPOWER: http://bit.ly/Empower_AjaDangYT
- Download Empower in the Apple Store or Play Store and get $5 when you use my referral link and reach your savings goal :)
• WHAT I'M WEARING •
BODYSUIT: Good American: http://gdac.co/2278
• DISCLOSURES •
Banking services for new accounts provided by nbkc bank, Member FDIC. 1.60% Annual Percentage Yield (APY) may change at any time. APY as of January 10, 2020.
- Empower charges an auto-recurring subscription fee of $6 for access to the full suite of money management features offered on the platform after your first 30 days.
- Reimbursement for up to 3 ATM fees per month, with a maximum reimbursement of $10 per ATM withdrawal.
- To be eligible to receive the $5 bonus, (a) you must use my referral link (b) you must be an active Empower subscriber, (c) you must open your Empower AutoSave account no later than 2/28/20, and (d) your Empower AutoSave account must have reached a balance milestone of $100 or more 30 days after opening the account. The bonus will be paid into your Empower AutoSave account on or around the 4th of the month following the achievement of the balance milestone. Must be a new Empower customer to qualify.
•SUBSCRIBE TO MY CHANNEL•
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•STAY CONNECTED•
Website: http://www.ajadang.com
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Podcast: http://bit.ly/2Yyj9fJ
* thank you Empower for working with me on this video *
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