Invest your Coins in a Money Market Account. Continue reading
Check out the new Women Only Co-Working Space in Chicago Continue reading
You can save your coins by purchasing a US Savings Bond.
I’m sure you remember your grandparents buying you one for Christmas when you were small….
No…. That’s okay… We will dive right into it.
What’s a Savings Bond?
A savings bond is a bond that is offered to individuals and institutions for a certain interest rate for a certain period of time. Basically, the US government is raising funds to fund capital projects and maintain the economy.
Sounds legit right?! Because it is. It’s one of the safest investments for your money. *
What’s so special about Savings Bonds?
Non-Marketable– Meaning you pay for what you buy. If you purchase a bond for $100; you will get that and interest back on your bond if you hold until it’s maturity date.
Interest Payment- This means that you will gain return on your investment. Interest on bonds compounds semi-annually and accrue every year as long as you have it.
No Taxes-Saving bonds are not subject to state and local taxes so that will help if you may or may not have a tax bill once you file your taxes for the year.
What types of Savings Bonds are available?
Series EE and Series I bond are slighty different.
Series EE Bond are sold at face value and can be redeemed at face value if you were to cash it in. It also offers a fixed rate of interest.
Series I Bond is sold at face value. The rate of interest adjusts according to inflation. If inflation increases, the rate of interest will adjust upward.
How can I purchase a Savings Bond?
Check out Treasury Direct.** You can create an account and purchase today. All you need is your social security number, checking or savings account, and email address.
Soooooooo… Another way to Diversify Your Coins is Saving Money which can be by purchasing a Savings Bonds. It is a financial interest that is backed by the federal government and carries very little risk.
Question of the Day: Did your grandparents or parents gift you a savings bond when you were little? If so, did you hold on to it.
Keep Stacking. Keep Saving,
Miss Diva Dollars
* I am not a licensed an investment professional. This is my blog to offer great personal finance tips and share my journey to financial stability. My words are not gospel. There is a level of risk with anything you put your coins into. Make sure you do your research!
**Treasury Direct is an official government website where you can purchase US savings bonds. This is not a paid advertisement.
If you are following my Instagram; which you should…… Click Below.
Every Monday I post a new financial tip. My financial mantra is EARN, SAVE, INVEST, REPEAT. That is how your money should do for you.
I am going to break down each one every Monday (Check in next week!)
Everyone has to earn money in order to live and eat. That is the way of the world. As a Millennial, our financial situation is slightly different than the generations before us.
If you are a millennial reading this; I know that you feel this meme.
Sooooo what’s a person to add some coins to their pocket….
GET YOU A SIDE HUSTLE!
Side Hustle help you make money on your time to help ease your financial burden so you can buy the guacolmole with your burrito bowl at Chipotle because we know that it costs extra…
So there is alot of companies that are apart of the gig economy that you can work for that will help you earn extra cash. Below is a sample list of them:
Uber– You already know…
Lyft-You already know…
Amazon Flex– Deliver Amazon Packages
SpotHero-You can rent out your parking spot.
Instacart-Does the grocery shopping for you
Postmates– Brings food to you
Uber Eats- See above.
Saucey-Bring Alcholol to your door (Must be 21 and older to indulge)
Task Rabbit-Errand Service
AirBnB-Turn your guest room into a money making machine.
All of these companies have different requirements but they are not strenous for the average person. I hope this helps on your journey to earning, saving, and and investing more. If you have worked any of these companies or created your own side hustle; post a comment below. I would love to hear your thoughts…
Miss Diva Dollars
As you all know, Martin Luther King Jr. was a major advocate for social justice and economic equality for all.
We can continue to honor his legacy by investing an minority bank in your local area. You can open up a savings account or Certificate of Deposit (C.D.). By doing so, you are helping your community. Each time a person opens up an account or loan with a minority owned institution; that money is reinvested back into the community through home loans and small business loans. Below is the link to a list of minority owned institutions that you can support near you.
Miss Diva Dollars
Hey There Divas and Divos!!
Happy New Year!!
Introducing some exciting things on Social Media!
**Mandy’s Money Minute**
I will give financial tips and pieces of my financial story on Instagram and Facebook on Mondays in 2018.
I will strive to keep them under a minute! LOL!! Sometimes this diva can get a little chatty but I want everyone to get as much info as they can. You can check it out on the links below.
Miss Diva Dollars
Happy Monday Divas and Divos!! I’m sure everyone has the new Jay’z album 4:44 on repeat. I know I have! Especially since it was released on Apple Music last week. *Disclaimer* I have been a Jay fan since I was … Continue reading
Technology is a big part of everyone’s life. We all use an app for something right?! It has always fascinated me how people come up with the idea of these apps. While scrolling on Instagram, I came across this meme … Continue reading
Dear Divas and Divos, Hey Guys! I hope you are having a great start to the month of Savings September! Yep, I coined that phrase!! LOL!!! I just wanted to repost the Diva Dollars Manifesto for my fellow DIVAs and … Continue reading
My mom celebrated her birthday this past weekend. In honor of her I want to tell you how she is the reason why I am Miss Diva Dollars today. My mom a.k.a. The Original Miss Diva Dollars taught me a … Continue reading