Where to Put Your Savings?
For your short-term goals, you can place your savings somewhere in your house. Do not carry it within your bag in your wallet, or place it in some visible spot. Even though it is not a big amount of money, you should find a place where it can be safe and sound. However, this place should be easily accessible so if you are in need to use it, you can easily locate it.
For your long-term goals, we advise you to open a savings account. Investing or placing your money in a high-interest savings account or certificate of deposit can help you achieve your long-term objectives more quickly. This is an especially good option if you don’t expect to need the money for at least five years.