Here’s what Flores wants you to know about saving your refund and where you should keep it.
The great debate: Should you save or pay down debt?
Deciding which path will give you more financial freedom can be tough.
Paying downdebtcan help you pay less interest as you reduce your balance.
That could mean you have more money to save in the long run.
However, saving money now can help you cover emergency expenses andstart building wealth.
High-yield savings account rates are still hovering around 4% APY for most online-only banks and credit unions.
You’ll still have easy access to the money, just like atraditional savings account.
