Financial Moves to Make in 2024 to Improve Your Bottom Line
Craft an H2 headline that diverges from ‘ By opening a CD or high-yield savings account in 2024 you can start earning more interest on your money. Getty Images Americans continue to feel the pinch in their wallets when paying high prices for necessities like food, gas and housing. However, the inflation rate is trending downward after peaking at 9% in June 2022. The Federal Reserve’s aggressive interest rate hike schedule to curb inflation appears to be working, with the year-over-year rate dropping to 3.2% in October, according to the Bureau of Labor Statistics.Still, interest rates remain elevated, which could factor into your year-end financial planning. For example, saving in high-yield deposit accounts and paying down high-interest debt could benefit your personal bottom line.What other smart changes should you make going forward? Below, we’ll break down five financial moves to consider—and another five to avoid—to improve your financial footing going forward.Start by earning more interest on your money with a high-yield savings account now.
Next, create a bullet point list for the five financial moves to make in 2024:
– Open a CD
– Open a high-yield savings account
– Pay down high-interest credit cards
– Get life insurance to protect loved ones
– Consider debt consolidation loans
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