Yotta Savings plays on the psychological enjoyment and rush that lure so many Americans to spend on the lottery and applies that “theme” to its savings account platform by holding weekly drawings for its depositors to have a chance to win up to $10,000,000 each week.

Car insurance is my 2nd largest monthly, fixed expense. The only larger monthly expense is my rent. As you can expect, I was highly motivated to reduce my car insurance payments, mostly because I wasn’t fully benefiting from it with my car left in the garage, but also because I find it ridiculously expensive in the first place.

With so much uncertainty in the economy right now, I’ve been focused on building my cash. But instead of just sitting there like a bench warmer, I’d like to have the money work for me a bit.

Despite offering higher interest rates, I’ve always shied away from regular CD’s because they required leaving my money in the bank for a fixed period of time (and penalized me if I withdrew my money earlier than the agreed term). I mean how can I predict today if I won’t need that Le Creuset signature dutch oven within the next 2 months??

And then I discovered the no-penalty CD.

The Federal Reserve impacts the lives of US citizens every day. It’s considered the most important and powerful financial institution of the United States.

Particularly in response to recent times, the Federal Reserve has made the news for “cutting rates”, “buying billions worth of government bonds” and being tied to the rising trend of money printing memes.

These news impact your life (well maybe not the memes), so it’s always good to have a basic knowledge of what the Federal Reserve does and how it affects your wallet.