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1 year agoI want to piggyback on this, if you are in your 20s now, or any age really, if you are willing to do online-only banking and have a good size monthly payday deposit some online banks like Discover and Ally will offer 4% APR savings accounts, that is unheard of at places like Bank of America that were only offering us 0.1% APR on savings accounts.
If and only if you are good with money and won’t go crazy, buy everything with a decent APR rate credit card and pay it off at the end of the month. We buy gas and only gas with a credit builder card after screwing up in our 20s, it’s helped tremendously and credit scores can affect everything you do from insurance rates to job offers.
I bring this up all the time, especially with Menthol cigarettes and flavored cigars being in the news recently because the FDA missed its own deadline for banning them. They specifically mention the flavor bans are because children like flavors, WTF, you gonna ban a coughdrop-tasting cigarette but still sell me Cotton Candy Vodka? How fucking hypocritical.