You’re still better off with an account in your child’s name and investing in broad index funds. A CD or better savings account is safer, but it isn’t better. Over long timelines, like the next 18+ years, if the market behaves like it always has then it will go up more than any other safe investment will.

What is your income? What are your monthly expenses? How much do you think you can comfortably spend per month in retirement?

When you say savings, what are they? A savings account? A pile of cash under the bed? Stock market investment?

The first part works unless interest rates drop and the savings rate is no longer equal to the loan. Five years is long enough for anything to happen. But if you have a loan that lets you prepay without penalty, that’s okay. You could make a little interest until you can’t and then be done.

Buying stock with it is high risk. What if your investments tank? Can you still pay back the loan? That’s leveraged investing, which is highest risk. Unless you can afford to lose more than 100%, it’s a bad idea.

That is wrong. Soap is very effective at disrupting cell membranes and destroys bacteria. The surface of cells, including many bacteria, is kind of like a bubble of fats. Not exactly days, but similar enough that soap does the same thing and dissolved it. Dissolve the surface of a cell and all the innards spill out. Now it’s not a living cell, it’s a collection of dead cell bits.

Soap will also detach many bacteria and let you wash them off, but soap itself is strongly antimicrobial. It doesn’t contain antibiotics and for most uses there’s no reason to add antibiotics. The same is true for alcohol hand sanitizer: it’s not antibiotic, but it’s lethal to cells.

That doesn’t make money disappear. Governments levy taxes and issue bonds to have money that they spend. They could just disappear money, but they don’t, because there’s always something to spend on.

The government could issue bonds to cover all the outstanding student debt. It’s not cancellation, it’s shifting the debt. The government could then do whatever they want with it, but it’s money they’ve spent that has to come from somewhere. Printing money to arbitrarily make it cost less is an option, but it’s one that functional governments don’t use because using inflation to make your debts not matter is a disastrous policy.

Getting that in Cleveland or in Los Angeles is entirely different. And everything else aside, it’ll depend on the rates at the time you’re seriously looking. Mortgages at 3%? Put down just enough to avoid PMI. Mortgages at 8%? The more down, probably the better for you.

HYSA is not an official designation. Don’t go looking for it. Just find savings accounts that happen to offer better rates.

Nerdwallet lists them, as above. So does https://www.doctorofcredit.com/high-interest-savings-to-get/

Assuming you have an arbitrary amount of money, it depends entirely on the interest rates. There’s no answer without real numbers.

Several banks have features that let you subdivide the account for record-keeping with names like bins, vaults, buckets, or pods. Just open one account that can do that.

This is a terrible idea. If you incorporate and go into heavy debt, your creditors are going to liquidate your business in short order. But let’s look at why.

You buy $20,000 of stuff on cards. Those cards have interest, and for most cards that interest is high. If you aren’t turning a 20% profit immediately your debt is going to start compounding and snowballing. Even if you turn profitable in a year, what are your margins? If they’re not 20%+, you will never break even. If they are, you have to dig out from under mountains of debt to actually get a net profit.

The way to start a business that has a solid plan is a business loan, not a credit card. And the better way is to start with savings and make sure this is a viable plan.

Financially you don’t need any extra accounts. Figure out how much you need to save and put it in an account you have and don’t touch it. Use it only for whatever you’re saving for.

If “don’t touch it” is hard, you might want one extra account that adds a layer of difficulty to accessing the money, but I think that’s a little bit of a bigger issue than just banking.

Don’t commit fraud and potentially tee yourself up for huge fines? Just give the actual information.

Legally it’s a felony. You can go to prison if caught. I don’t think that happens, and I don’t know the odds of getting caught, but any chances seem too high for me. Also it’s scummy behavior.

Some babies still receive morphine or methadone if their neonatal abstinence syndrome is severe enough.

Ha, fair!

You don’t lose money. You can lose purchasing power, but the numbers in the account will always and only go up.

I agree… except your first sentence is backwards. Buying high and selling low is not a great strategy.

When the share value goes up in your fund, this is also the time to invest more in the fund. It’s going up!

Don’t time the market. Just invest.

If you want to be completely safe, it’s trivial to get better than 3.25% APY in treasuries, CDs, or even some savings accounts.

Not enough information. Referral to what and who? If the ER referred her rather than admitting her, they have determined that it isn’t an emergency and she can wait. Otherwise she can talk to insurance but they can’t make there be sooner availability within network.

I don’t know what point you’re making. Narcan is routinely prescribed for people who are either abusing opioids or taking opioids for e.g. cancer pain. The Narcan is intended to be given by family members.

Narcan also has standing orders and anyone can get it to save someone else, but it’s not an individual prescription and, because America, not covered by insurance.

Opioid use. Not necessarily opioid use disorder (addiction), just opioid use for any reason.

If it were brought to market today, Tylenol wouldn’t be over the counter. I’m not sure it would get approval at all with its horrible overdose toxicity.

But the same is even more true for alcohol, and yet that ship has sailed. Actually it sailed thousands of years before the invention of ships.

With online banks it’s not all that much effort to open new accounts and shuffle money around. For a big jump, like from Bank of America to anywhere, it’s worth it. The more money you have in savings, obviously, the more a difference in APY is worth.

I’ve done it, but less than 0.5% isn’t worth it to me. It is to other people. It’s individual! Differences pop up more in more volatile times, like right now.

Rates mostly track with the fed. I haven’t heard of any banks going down while rates are rising.

To me, the quality of the bank also matters a lot. I don’t want to get locked out of my account when I need money, I don’t want to fight with customer service forever, and I do want reasonably robust and functional services. All it takes is one problem because you can’t actually get your emergency fund and all the interest differences are eaten. I’ve found SoFi to have not the absolute best rates but close to it, and with reliably user-friendly website/app and accessible and responsive customer service, so I’ve stuck with mostly them even when their rates have lagged some of the other offerings slightly.