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What's the BEST way to save? - Page 6
 
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  1. Collapse Details
    #51
    Join Date
    May 2017
    Location
    London, E14 8RJ United Kingdom
    Posts
    67
    I think you should talk to bank head or checkout the different banks ways of saving as they offer saving account that can be withdrawn after a certain period and if in most daunting situation there are chances for you to take a loan on your saving amount like FD and then when you have that certain amount you can repay and can also start your saving as usual. They also provide a monthly interest for you on saving account. So, isn't it a good idea. It would be great if you re check the different interest rate price in different banks for investing in a profitable bank and thereby saving more.


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    This is tough, I know. Listing off different savings options, whether it's an IRA, start-up, fixed CD, whatever, is irrelevant at this point. What's essential is understanding "why" you aren't able to save. No matter what savings vehicle is recommended on this post, your habits will still be the same until you uncover why. If you could let the group know what your biggest obstacle is when it comes to saving, I'm sure we'll be able to provide you more concrete and relevant advice.

    Cheers,
    YourCFO


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    Use these money-saving tips to generate ideas about the best ways to save money in your day-to-day life.
    Eliminate Your Debt. ...
    Set Savings Goals. ...
    Pay Yourself First. ...
    Stop Smoking. ...
    Take a "Staycation" ...
    Spend to Save. ...
    Utility Savings. ...
    Pack Your Lunch.


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    Get into the habit of investing. Saving in the bank creates little profits, investing in stocks requires many efforts and have high risks. You can purchase some funds and let the financial experts make reasonable investment portolio for you. If you are used to make profits from your found, you will want to enlarge your found by saving money.


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    A marketing specialist in biomass equipment industry. Supply biomass pellet machine and small wood pellet production line.
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    You can buy Life insurance saving policy it is also a best option to save money with good return and life cover. A life insurance also provide tax benefits.


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    hi,
    from my point of view the best modern way of doing savings are mutual funds and SIP(systematic investment plan) beause in both of these areas the risk on investment are realtively less and the return are much higher as compared to traditional methods of savings like fixed deposits and recurring deposits and moreover one can also withdraw the amount after a certain lock in period and lock in period vary according to the company policies.

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    Quote Originally Posted by sweetkymom View Post
    I'm looking for another way to save because obviously, the savings account option isn't working for me. I need something that I can put money in and have no free will access to. Is there such a thing available?
    Yes, Precious Metals Silver and Gold. You will be able to acquire them relatively easily, any round or bars can be liquidated pretty easily, and they will continue to increase in value relative to any other investment. And the best part, you will always have a buyer for them.


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    fixed deposit and mutual fund are best options


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