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DALLAS (KDAF) — Many of us use the new year as a chance to reset our finances—but where do you begin? One great place to start is with your savings. Vanguard’s financial expert Andrew Kadjeski shared practical advice on building an ideal plan.

“It starts with setting a goal,” Kadjeski said. “Start with being clear and intentional about what it is you’re saving for. From there, you can build a plan and start contributing toward your goal.”

If you are looking to jumpstart your savings, you might want to reconsider where you’re holding your money. According to Kadjeski, the average savings account in the U.S. yields less than half a percent, meaning many people are earning less than $5 a year for every $1,000 saved. Fortunately, options like Vanguard’s Cash Plus Account

offer a higher yield. With technology making it easier than ever to move money, switching accounts could make a big difference over time.

Vanguard has long been known for helping people reach long-term financial goals like retirement and education savings, but it also recognizes the importance of short-term savings goals, whether it’s a down payment on a home or a dream vacation. That’s why they’ve expanded into the savings space with tools like Vanguard Cash Plus, designed to help people save more effectively and reach their goals faster.

“When people save in a higher yielding account like Cash Plus, they’re going to give themselves a better chance for reaching that goal,” Kadjeski said. “In order do so, it’s probably time to start thinking beyond your bank.”

Visit Vanguard.com/CashPlus to learn more and open a Cash Plus Account.