StashLearn
Get the app
Get the app

Join millions of investors on Stash

Investing, simplified

Start today with as little as $5
Get the app
Teach Me

5 Responsible Money Moves You Can Make in Less Than 1 Day

February 14, 2019

2 min read

Can you get your financial life in order in under 24 hours? Yes, yes, you can.

This handy checklist can help you achieve short and long-term money goals, help protect your loved ones from the unexpected, and start the next generation off on the right path to financial success.

Consider making these money moves now.

Make saving and investing automatic

Whether you want to save for a rainy day or for a longer term goal (like a down payment on a home), automatic beats manual. By automating money from your checking account toward your goals, you’ll take the pain out of saving and get into the habit of putting money away.

Turn on “Set Schedule” from the Auto-Stash tile and save automatically.

Take care of the ones you love

Don’t stay up nights worrying about what could happen to your family if something should happen to you. A term life insurance policy, which covers you for a set period of time, is generally more affordable than a permanent life insurance policy, which covers you for your entire life. A bonus: The younger you are when you get a life insurance policy, the more affordable it is likely to be.

Apply for instant coverage in about 5 minutes with Ladder *.

Start saving for retirement

Did you know that one in three Americans has less than $5,000 put aside for retirement? You can break away from the trend by opening an IRA today. And best of all, your money will grow tax-efficiently until you’re 59 1⁄2.

Got a 401K through your work? You can open a Roth or traditional IRA in addition to your workplace retirement account. All you need is $5 to start. The best time to start saving for retirement is today.

Want to learn more about what you expect to have saved by retirement? Check out our retirement calculator, then get Stash Retire.

Help your favorite kid

Wouldn’t it have been nice if someone had handed you money when you were first starting out?
Now you can do it for a child you love.

A custodial account lets you open an investment account that you can contribute to (while teaching your child about how compounding works along the way). Best of all, when the child grows up, he or she can use the money for just about anything.

Open a custodial account on Stash.

Congratulations! Take a victory lap, you deserve it.

Investing, simplified

Start today with as little as $5

Get the App

* Disclosure: Stash is a paid marketing partner of Ladder. All content herein is for informational purposes only.

 

By Lindsay Goldwert
Lindsay Goldwert is Senior Editor at Stash.

Next for you
A Quick Guide to Term Life Insurance (And Why You Need It)

Investment Profile

Bonds Worldwide

An International Bond ETF on Stash

Learn more
Explore more articlesChoose a topic to learn more about
Careers pop culture Retirement Technology politics
Disclaimers

This material has been distributed for informational and educational purposes only, represents an assessment of the market environment as of the date of publication, is subject to change without notice, and is not intended as investment, legal, accounting, or tax advice or opinion. Stash assumes no obligation to provide notifications of changes in any factors that could affect the information provided. This information should not be relied upon by the reader as research or investment advice regarding any issuer or security in particular. The strategies discussed are strictly for illustrative and educational purposes and should not be construed as a recommendation to purchase or sell, or an offer to sell or a solicitation of an offer to buy any security. There is no guarantee that any strategies discussed will be effective.

Furthermore, the information presented does not take into consideration commissions, tax implications, or other transactional costs, which may significantly affect the economic consequences of a given strategy or investment decision. This information is not intended as a recommendation to invest in any particular asset class or strategy or as a promise of future performance. There is no guarantee that any investment strategy will work under all market conditions or is suitable for all investors. Each investor should evaluate their ability to invest long term, especially during periods of downturn in the market. Investors should not substitute these materials for professional services, and should seek advice from an independent advisor before acting on any information presented. Before investing, please carefully consider your willingness to take on risk and your financial ability to afford investment losses when deciding how much individual security exposure to have in your investment portfolio.

Past performance does not guarantee future results. There is a potential for loss as well as gain in investing. Stash does not represent in any manner that the circumstances described herein will result in any particular outcome. While the data and analysis Stash uses from third party sources is believed to be reliable, Stash does not guarantee the accuracy of such information. Nothing in this article should be considered as a solicitation or offer, or recommendation, to buy or sell any particular security or investment product or to engage in any investment strategy. No part of this material may be reproduced in any form, or referred to in any other publication, without express written permission. Stash does not provide personalized financial planning to investors, such as estate, tax, or retirement planning. Investment advisory services are only provided to investors who become Stash Clients pursuant to a written Advisory Agreement. For more information please visit www.stashinvest.com/disclosures.