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(Jessica) Welcome to Money Matters on the Southern Bank Financial Wellness Network. I’m Jessica.

(John) And I’m John.

(Jessica) And today we’re talking about what to do if ends just aren’t meeting. John, what should we do if it feels like we’re drowning in debt?

(John) Well, first, Jessica, call your lender. Often, they’re willing to work with you to find a solution and figure out a payment plan. 

(Jessica) You never know what the answer will be until you ask! And asking for help shows you’re serious about ...

TRANSCRIPT

(Jessica) Welcome to Money Matters on the Southern Bank Financial Wellness Network. I’m Jessica.

(John) And I’m John.

(Jessica) And today we’re talking about where to keep your emergency fund instead of a traditional savings account.

(John) A high-yield savings account can offer an interest rate of 1-2% per year, although you will likely be limited in how many withdrawals you can make per month.

(Jessica) A money market account is similar but may offer a higher interest rate and require a minimum balance.

(John) A third option is a certificate ...