Savings IQ

Starting off your savings

the first step to saving money is to determine the difference between savings and investing. And the difference is that savings will guarantee that you will almost never lose your money while investing is riskier and requires you putting your money into the future prospects of profit. You also want to develop a savings plan when you start in order to get the most out of your savings account and to be prepared for almost anything. There are of course several options for your savings to suit your needs. For example if you want to quickly build up savings and don't need immediate access to it you can go for a CD.If you are just starting out you can go with the traditional savings account.