229k views
0 votes
Which financial tool is most important when planning for your future financial goals?

Enrolling in a high interest savings account
Creating a budget
Mortgaging a house
Taking on extra debt

1 Answer

5 votes
Enrolling in a high interest savings account. These type of accounts the money you put into as savings the bank will add to it depending doing on the rate of interest. For example say you want to start saving and you put $2000, by next month you may have $2500. How much interest is up to the bank.
User Sam Mussmann
by
4.4k points