4 Places I’m Putting My Money in 2019

UPDATE: You can find the 2020 version of this article here.

If it’s not already part of your New Year’s resolution, reevaluating your financial picture should be.

Last year, we learned that a whopping 80% of Americans live paycheck to paycheck, 40% wouldn’t be able to cover a $400 emergency expense, less than 57% have at least $1,000 in their savings accounts, and 31% have nothing saved for retirement.

80% of Americans live paycheck to paycheck, 40% wouldn’t be able to cover a $400 emergency expense, less than 57% have at least $1,000 in their savings accounts, and 31% have nothing saved for retirement.

Even if, like many Americans, you think you don’t have enough to save, it’s still essential to make the most of what little money you do have (which, thanks to compounding interest, can snowball into bigger and bigger accounts).

So whether you’re young, broke, or just don’t know where to begin, here are the four places I recommend putting your money this year.

1. Marcus Savings Account

First and foremost, you should have a savings account, and experts generally recommend having between 3-6 months of living expenses tucked away (my ever-cautious father recommends two years, though that’s probably impractical for most people).