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Why We’re Rethinking Savings Strategies

Is it time to rethink saving strategies?

Inflation today, recession tomorrow, lifetime goals next year? What’s an investor to do? Hear why and how we’re rethinking our savings strategies. Start your journey to financial independence by getting rid of any credit card debt with the free, 7-Step Credit Card Debt Slasher.

What is your saving strategy?

Stressed about inflation? Anxious about a recession? Concerned about how this economy will impact your short- and long-term goals?

Then a new savings strategy may be in order. It is for us!

On this episode of Queer Money®, James Morgan, Head of Deposit Product, Pricing & Portfolio Strategy at Capital One, joins us to celebrate National Savings Day and explain why saving is key to reaching important financial goals. We discuss why rising interest rates are good news for your savings account, and James describes the tools Capital One provides to help customers develop good saving habits and set aside money for specific aims.

Listen in for insight on what we’re saving for right now and find out how we’re rethinking our savings strategies and increasing our savings balances in the current economic climate!

Listen in on our discussion with James about updated saving strategies:

Topics Covered

  • How saving is the basis of security and the first step in reaching financial goals
  • The pros and cons of the Fed raising interest rates
  • Why rising interest rates are good news for your savings account
  • How we’re saving to expand our real estate portfolio
  • The tools Capital One provides to help customers develop good saving habits
  • Why James recommends setting up multiple savings accounts for individual goals
  • How to automate contributions to your emergency savings
  • James’ challenge to find out exactly what you’re earning on your savings
  • Why CDs are a good option for saving money right now
  • How the Money & Life Program can help you achieve important financial goals


Watch this week’s episode on savings strategies:

Previous 3 Podcast Episodes


Connect with David and John


We’re David and John Auten-Schneider, the Debt Free Guys ( and hosts of the Queer Money® podcast. We help queer people (and allies) live fabulously not fabulously broke by helping them 1) pay off credit card debt, 2) become part- or full-time entrepreneurs and 3) save and invest for retirement.

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