Welcome to the Jill on Money Coronavirus Market Update. It is Wednesday, July 29th and later

today we will get the decision from the Federal Reserve.

There will be no change in rates, but you know we're always interested in their commentary.

So that's what I'll be looking at for today. For you today, here's what I want you to think about. If you have a financial question, why don't you send us an email? Don't putter around. Don't just make yourself crazy. Send us an email. Ask Jill at Jill on Money.com.

Ask Jill at Jill on Money.com. If you're on the website. If you're on Jill on Money.com, you can hit the contact button.

It's in the upper right-hand corner. So easy, right?

Let's get to your questions right now, because that's what you're here for.

This is from Matt, who graduated from university in 2019 and he says

I'm currently and thankfully still working during the economic conditions.

Oh boy I graduated with no debt I live with parents. I have a job that pays me well.

I invested $3,000 in a Vanguard Total Stock Market Index Fund. Do you recommend that I make regular investments in the fund?

Maybe $100 a month.

Yeah, why not? I like that. That's a good thing.

Also, CD rates are lower than high-yield savings accounts at about now.

Is it better to put my money into a high-yield savings account rather than a CD?

I have $5,000. It is my rainy day fund. Absolutely, definitely. I love the high-yield

savings accounts. You can find them at deposit accounts.

For everyone listening.

Okay, Matt says, I filed my taxes by myself. I did it on the H&R Block Free File program.

When my parents had their account and do my taxes in the past,

I usually paid taxes. Not sure if it was federal or state, but my payment varied from five bucks

to 30 this time around. I didn't have to pay taxes should I be worried I'm

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