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What's the BEST way to save? - Page 3
 
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    Some of the methods which help you save money by practicing some small steps in your daily life are avoid accumulating new debt, set a reasonable savings goals, prepare budget, keep record of your expenses, spending money intelligently.


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    Quote Originally Posted by Michael Thompson View Post
    open a brokerage account
    Best open the brockrage account


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    I tried several methods. The best time was when I wasn't married. I got about $100,000 saved. All gone now when I got married and child. I guess that's the route. Happy wife, happy life. Lol.


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    #24
    Join Date
    Sep 2014
    Location
    USA, illinois, Chicafo
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    I think investment is the best way to save money, there are many ways by which you can invest money. This ways are like invest in real state, shares, insurance and attorney and assets. You must invest in any of these, it is the best way to save money.


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    The best way is to cut costs, but if you live in the city where costs are high you don't have much chances especially when all day there are so many costs. You need either to have a good job and afford to save money or a business or someone actually to help you. I would personally establish myself to country where I would have less attractions and less places to spend money .


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    Banks have this time deposit feature which will require you to put your money with them for a certain period ( 6 mos. up) with of course a higher interest rate return than savings deposit. If you are a bit risk taker, you can try short term investments or mutual fund which gives higher returns, but. of 6 years or more in o again there's is a holding period for 6 mos or more in order to realize a gain. Some of the more high risk takers invest in stocks or do stock trading.


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    Good to hear it. i go by this every month nothing happens. what is possible is to kill your desires or increase income.


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    #29
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    Sep 2014
    Location
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    Quote Originally Posted by crimsonghost747 View Post
    Most banks offer types of savings account with a time limit. For example, you deposit X amount into the account for a fixed time, usually 6 months, 1 year or two years. The interest rate is a big higher than on regular savings accounts, but often you cannot add funds during the saving time. Also keep in mind that it is very hard to get the money back before the account expires, even if you really need it.
    I think it is the best idea to save money, there are also having some other way to save like investment. Investing in property and real state is a great way to save money.


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    Quote Originally Posted by KennethPaxton View Post
    I think it is the best idea to save money, there are also having some other way to save like investment. Investing in property and real state is a great way to save money.
    Yes you are right but, When you want to urgent money, how to withdraw possible?


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