#2: CONTINUE TO SAVE
If you tapped your emergency fund during the pandemic, establish a monthly savings plan to restore it. Having at least $1,000 on hand will help you cover unexpected expenses without having to resort to high-rate credit cards or payday loans. Check out our Volt Account that bundles a checking and savings account for teens and young adults, ages 13-24, and pays 4.00% APY on savings balances up to $1,0001.
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As for longer-term savings goals, such as retirement, college, or a house down payment, get back to making scheduled monthly deposits, even if it’s less than you were able to before the pandemic.