HI Now Video Features: Relationship Max Account Holder Tyler Okamura-Tagupa
We’re all familiar with the financial strain synonymous with Hawaii living. What’s not so familiar is that your financial well-being isn’t always determined by how much money you make. It’s how you manage your money that matters most.
April has been recognized across the U.S. as Financial Literacy Month — a nationwide effort to highlight the importance of maintaining healthy financial habits.
Financial literacy is more than just knowing your credit score. It’s having a thorough understanding of your own personal finances and the ability to make well-informed money management and investment decisions. According to the National Financial Educator’s Council, nearly half of Americans are unable to pass a financial literacy test.
That is why we offer money management tools to help you achieve your financial goals. So whether you’re planning to buy your first home or planning for retirement, here are a few simple savings tips:
• Set up direct deposit so a portion of your paycheck automatically goes into a savings account for emergency savings.
• Use an online budget calculator to track your daily spending and cash flow.
• Maximize your earnings potential by moving your savings to a high-yield liquid account, like Relationship Max, which is currently offering an industry-leading 1.50% APY.*