Thread by @BusinessInsider

All the administrative work it takes to keep our personal lives running smoothly is a full-time job.

But, opening the accounts you need for each of your savings goals is the first step to money mastery. Presented by @Fidelity. #MasterYourMoneyBootcamp

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Don’t worry, this won’t take long. (Only about an hour, to be exact!) When you’re ready, write out a list of all the financial goals you want to meet.

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Once you’re ready to start creating your accounts, this is the information you’ll need to open a bank account. This includes any high yield savings accounts and CDs.

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Opening different bank accounts for different goals can backfire if your account imposes fees on balances below a certain amount.

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If you haven’t started saving for retirement yet, find out what plan your employer offers. You can get tax benefits and even a match on your contributions.

Here’s how 401K’s and IRA’s compare.👇

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For longer-term goals that aren't retirement-related, you may decide to invest your money rather than park it in a savings account. It’s riskier, but you also open yourself up to growing your balance.

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❓ Have you opened all the accounts you need for your savings goals yet?