3 financial lessons to learn from Golden Globes nominee Sofia Vergara

You might know her as one of the stars of the hit show Modern Family, but she’s more than just a pretty face. Sofia Vergara has been named the “Best Celebrity Saver” by Go Banking Rates.

Sofia’s net worth was approximately $19 million between May 2011 and May 2012, according to Forbes Magazine. She’s currently the highest paid TV actress. But she hasn’t made headlines for wasteful spending, foreclosure or bankruptcy like many other high-earning celebs. Go Banking Rates attributes Sofia’s success to intelligent money management and money saving skills.

"The Golden Globes bring together the most admired celebrities in television and film," says Go Banking Rates managing editor, Casey Bond. "I think it's important to take this opportunity and point out the positive examples many of the nominees set when it comes to managing money."

Here’s a guide for how to save money like Sofia Vergara.

1. Open a Savings Account
   This may seem like a no-brainer, but you might be surprised to know that nearly half of Americans have less than $500 in savings, according to a Huffington Post article. Opening an interest-earning savings account doesn’t just help you to save money, but it also helps your money grow. 
    
2. Make Smart Investments
   Sofia is great at finding ways to grow her money through investments. At the beginning of her career, she helped establish an entertainment company that is still earning her money more than 20 years later. Take time to investigate what investments make sense for you.
    
3. Collaborate with Others
   People who have friends motivating them to save money do a better job than those who go it alone, according to a study by the National Bureau of Economic Research. Have an accountability partner to have a better chance at success.

Photo Source: PR Wire