What is the best way to save money instead of putting it into bank account monthly?

Answer 1

Invest bit by bit. Automatic investing is a practically pain-free way to build wealth. By adding money to a mutual fund every paycheck or every month instead of writing a big check at year-end, you are more likely to save. By making a monthly commitment, you may be able to buy a fund with far less than the usual $2,500 minimum. Saving means giving up something now, so you will have more in the future. It's not easy deferring or eliminating purchasing things you want today. It helps to pay yourself first. Take a portion of savings from every paycheck before you pay any bills. Use your company's payroll deduction plan if available. Arrange for a fixed amount to be taken out so that you never see it. What you don't see, you don't spend. You also can direct automatic checking account withdrawals into a savings account or money market. Join the company's retirement-savings plan (such as a 401K or 403B). Your contribution avoids current taxes and accumulates tax deferred. Also, companies sometimes match some of your contributions.

Answer 2

Honestly, ... try this...Invest a little there.
Visit swisscash.net
I am an investor with them and have a US$50K portfolio there. I'm getting paid every month on time as promised and guaranteed. The average returns are 20% per MONTH!
You can recover your initial investment amount within 8 months and then it's profits on the run from there.
Read the details...it's easy to understand.
It's not an MLM...nothing to 'market'. You can just be an investor and reap ur returns which are guaranteed as stipulated.
You can visit my financial site provided by them at www.swisscash.net/sgamk1632202
There are alot of negative blogs and people tagging it as a scam.
I know what has happened. There were reports that SC investors scammed others...but I wonder why the corrected newspaper reports are not being circulated. It was never a SC involvement but some clowns scamming others by encouraging them to invest with some Swiss Union Bank. Anyway, hell with skeptics. So far there has been no complaint from a single SC investor that he/she did not get paid as guaranteed.
By the way, I am in touch with some senior consultants of Swisscash and I must say, they are serious dynamic professionals and I'm confident they will be profitable for at least the next few years.
I started with $1K initially and then after my confidence with them, I have now increased to $50,000.
Best regards...Kaz (Singapore)

Answer 3

If you don't need the money for a few years a good way to "save" is to pay down any loans you have. If you have a loan at 9% interest, paying it early will give you a 9% return on your investment, which is an excellent rate. As a bonus you'll soon have more money left over every month to use on other loans or to put into a more traditional savings vehicle such as a money market account or CDs.

Answer 4

depends on your purpose for saving. If you are likely to need the money soon then a bank account is best. Look for a good interest rate though.

If you dont need the money soon then you have a wider choice. Look into compant stocks and shares, property and these are just the more popular ones.

Answer 5

I have a CD because I have to wait a year before I can use it and the interest is higher.

Answer 6

the best way to save money, is to keep it hard to reach. loads of methods are found, Try it Once
Trust me!!

Answer 7

Swiss cash is a scam!


http://www.bnm.gov.my/index.php?ch=8&pg=14&ac=1299
http://www.worldlawdirect.com/article/1934/Swiss_Cash___Swiss_Mutual_Fund_1948_scam.html

Answer 8

make your extra money in 3 portion
1) buy gold
2)buy foreigner currency
3)short tea rm bond

Answer 9

my pocket....I'll spend wisely for you...