Diversify Your Investments

The secret to profitable investments is not putting all your money into a single stock. This way you lower your risks of losing all your savings in the unfortunate case that the stock drops. That being said, diversify your portfolio by investing in a mix of stocks, bonds and mutual funds.

You can also increase your savings by using high-interest savings accounts such as the SunTrust Advantage Money Market Savings account. It only takes $100 to open the account and start receiving a competitive interest, particularly if your balances are $10,000 or more. What’s more, the money you’re saving into that account can easily be accessed and used in case of an emergency.