When it comes to financial resolutions, saving more is almost always at the top of the list. A good place to start is by building up your emergency fund. While it is always a good idea to have savings for a rainy day, an emergency fund can be useful in other ways. For example, it can help you avoid liquidating your assets at depressed prices when markets are particularly volatile.
What you will want to consider next is if you are making the most of your savings. Some accounts only allow you to earn as little as 0.01%. If you can get at least .5% interest on a balance of any size, this will help you start earning more income. Additionally, if you have several different small accounts, you can bring them together to access a more effective interest rate. Of course, this can also help with managing your expenses more effectively.
