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How to Save for (Any) Day
- By Budgeting Help
- Published 06/19/2007
- Taxes , Retirement , Investments , Credit , Budgeting
- Unrated
Although it sounds funny, considering current state of personal finances in US, many consumers do not know what steps to take to start saving
Savings Goals
- By Budgeting Help
- Published 06/19/2007
- Taxes , Retirement , Investments , Credit , Budgeting
- Unrated
Now that you know your different options for savings accounts or vehicles (see "Types of Savings: Parts I-V"), you should set goals to meet your various savings needs. You can then select specific accounts or vehicles to save your money and obtain returns. Overall, you want to start with your most short-term savings necessities first, and then save for retirement.
Types of Savings Part V: Government Savings Vehicles
- By Budgeting Help
- Published 06/19/2007
- Taxes , Retirement , Investments , Credit , Budgeting
- Unrated
State and local government entities also offer options for long-term savings with suitable returns on investment.
Types of Savings Part IV: Employment Savings Plans
- By Budgeting Help
- Published 06/19/2007
- Taxes , Retirement , Investments , Credit , Budgeting
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In addition to short-term savings vehicles (see "Part I") and a long-term strategy like CDs and IRA accounts (from "Part II" and "Part III"), you can also use retirement accounts offered by your employer.
Types of Savings Part III: More Long-Term Savings Options
- By Budgeting Help
- Published 06/19/2007
- Taxes , Retirement , Investments , Credit , Budgeting
- Unrated
Other than CDs, there are numerous long-term savings options for the individual.Though some are related to your employment status, or offered by government agencies (see Parts IV and V for more information), the Individual Retirement Account (IRA) does not have these restrictions and can help you bridge your financial future into retirement.
Types of Savings Part II: Long-term Savings Options
- By Budgeting Help
- Published 06/19/2007
- Taxes , Retirement , Investments , Credit , Budgeting
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Besides short-term savings options it is also important to plan for the future and specific long-term financial goals.
Types of Savings Part I: Short-term Savings
- By Budgeting Help
- Published 06/19/2007
- Taxes , Retirement , Investments , Credit , Budgeting
- Unrated
If you don't have a savings account, the vast choices of savings vehicles may seem overwhelming.
Saving for (Any) Day
- By Budgeting Help
- Published 06/19/2007
- Taxes , Retirement , Investments , Credit , Budgeting
- Unrated
"Save for a rainy day" is an old colloquialism that today's consumers have essentially thrown out the window.

Retirement