A Third of Americans Would Rather Change a Diaper Than Deal with Their FinancesSource: Business Wire
Marcus by Goldman Sachs® reveals the lengths people will go to avoid their finances & releases five tips that show “You Can Money”
Since making changes to your financial routine can be a daunting task and might seem like an overwhelming time commitment, Marcus has released five simple and fast things that can be done at no cost but could still have a big impact on your finances.
“Managing your finances can be daunting and sometimes the hardest part
is knowing where to start,” said
From opening a Marcus high-yield Online Savings Account, which offers four times (4x) the national average at 2.25 percent2, to helping establish and maintain a sustainable budget, these five simple tips are designed to help show that “You Can Money.” Tips include:
- Download a Personal Financial Management App: Consider a free personal financial management app like Clarity Money, which monitors recurring expenses and helps users cancel unwanted subscriptions.
- Review Your Credit Score: Knowing your credit score is an essential benchmark and improving it can help long-term financial planning.
Create Your Emergency Fund: Know how much to set aside for unplanned life moments, to help protect you from surprise costs and their impact on your financial future.
- Check Your Retirement Funds: Familiarize yourself with your company’s 401K offering. See if they have a matching program and check what your contributions are to your 401K.
Open a High-Yield Online Savings Account: Learn the annual
percentage yield (APY) on your savings account and then compare
your rateto those offered by other
banks to see how much more you could be earning. For example, a
Savings Accountfrom Marcus by
Goldman Sachsearns four times (4X) the national average with a rate of 2.25 percent, which might be significantly higher than your current rate. With no minimum balance needed to start earning the rate, this is an easy way to begin growing your savings with the cash you already have in your account.
For more information plus other useful resources, please visit www.marcus.com/youcanmoney.
About Marcus by
About Clarity Money
Clarity Money is a personal finance mobile app that acts as your
financial champion. By combining artificial intelligence and machine
learning, Clarity Money delivers actionable insights to help consumers
take control of their financial lives. The app displays your financial
picture by analyzing accounts and spending patterns, identifying and
helping to cancel unwanted subscriptions, and allowing users to check
their free credit score. Launched in 2017 by venture capitalist and
1 The “You Can Money” Survey was conducted by Marcus by
Goldman Sachs® in February and
2 Annual Percentage Yield (APY) may change at any time,
before or after account is opened. APY as of
Source: Marcus by
Andrew Williams, 212-902-5400
Cathleen Koo, 212-299-8984