…..and well you should.
Committing to paying yourself first by saving 10% of your income will get you on the road to financial independence.
Your first priority should be to save 6-12 months of living expenses in a bank or money market fund. to cover a potential job loss or an unexpected large expense such as a car repair.
You will probably earn a higher interest rate in an internet bank fund such as American Express Bank currently yielding 1.5%,
See www.americanexpress.com
Good luck,
Marketstar
