Alrighty, it's time to give this mega informative newsletter a make-over – fashioning it with pizzazz while making it more relatable to 'yours truly'! — Daily Digs from Dollar Scholar Welcome, money geeks! Your personal finance guru, Julia Glum, is here with her latest moolah memo for the modern Joe/Jane. Living with Truman, the Lazy Sunbather You know, my work-from-home setup is never lonely. Every time I go for a coffee refill, my roommate's cat is sprawled across the kitchen floor, blissfully soaking up the sun. All hail Truman, our sun deity of sorts! Winter? No problem. We humans shift his cushy bed around every half hour, just to keep it in the sunny patch. And the grateful feline? Eyes shut, warm and cosy, and completely unbothered (much to my envy!). And it hit me! Truman’s royal lifestyle is a lot like this newfangled trend of bank hopping. You know, people switching from bank to bank to get the highest annual percentage yield (APY) on their savings? Well, despite the Federal Reserve not making any big moves of late, it seems the super high APYs of top-ranking high-yield savings accounts are starting to dwindle. No wonder, 'rate-chasing', the relentless pursuit of the highest rates, is rearing its head. Should I Jump on the Rate-Chasing Bandwagon? Cicely Jones, a certified finance guru from Equitable Advisors, explains that moving your cash once from a regular savings account to a high-yielding one is a smooth move. For instance, the average savings APY is a… Read more