I paused my memberships and put the cash in high-yield savings - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 45 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 51%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Every dollar is going into my high-yield savings account, where I'm padding my emergency fund and saving up for future travel

Just shy of two months ago, my city of 4 million people was put on a stay-at-home order to curb the spread of the coronavirus.

Since I'm lucky enough to have kept my job and income, I've reallocated some of this cash to ordering takeout and delivery from some of my favorite local eateries and frequenting independent booksellers online. I also got aIn March, my gym halted operations and automatically paused my membership, putting an extra $189 a month in my pocket every four weeks. I also put my clothing subscription on hold because I've got no one to impress, which freed up an additional $79 a month.

I know my gym isn't cheap — it took me a long time to decide whether paying $189 a month for as many classes as I want was worth it. Now that I'm without it, I miss it more than most things the pandemic has interrupted. And my clothing subscription, while definitely a luxury, stops me from mindless shopping and helps me feel confident and put together when I go out with friends.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Strange article...those local businesses may not be there when normalcy returns if everyone does this.

High-yield savings accounts? Surely you just...

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

This bond market signal indicates the bear market isn't over yetThe price action of high-yield corporate bonds will signal to investors when the bear market triggered by the coronavirus pandemic is truly at its bottom, according to Longview Economics. What’s bearish for some, is raging bull for others. Bitcoin 'Bear market relief rally' - perfect example of cognitive dissonance.
Source: CNBC - 🏆 12. / 72 Read more »

How to prepare your business for an audit in case of PPP loan fraud - Business InsiderFraud related to small business loans is on the rise — and the federal government is on high alert. Here's how to protect yourself in case of an audit or investigation.
Source: BusinessInsider - 🏆 729. / 51 Read more »

eBay exec explains how the pandemic will change e-commerce forever - Business Insider'It's just accelerated a bunch of trends that will forever change the direction of e-comm,' eBay's North American SVP told Business Insider.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Restrictive Craft Beer Laws May Put Small Breweries Out Of BusinessIn Minnesota, breweries can sell growlers from their taprooms -- but old laws and political posturing keeps them from selling the equivalent volume in cans. NgaduThinker follow me 😭
Source: Forbes - 🏆 394. / 53 Read more »

Cash flow is 'more important than ever' while PPP loans stall—here's how small business credit cards can helpA credit card can keep your small business afloat when cash flow is interrupted or the economic future is unclear, as many are finding out during the coronavirus pandemic. IndoBusiness Longer term will people max cards and then default driving the stock down? Let us know ; )
Source: CNBC - 🏆 12. / 72 Read more »