What would be the best way to save?

murielle · Apprentice Joined: 19 Sep 2009 Posts: 3

My husband and I are reconsidering the idea of saving. We are in our mid 30s so we figured out maybe is the time for saving accounts or something like that. Our friends suggested us to invest in buy to let mortgage so that we can collect money from that but Im not quite sure would it bring us profit and savings for rainy days. I ask if anyone can give us a tip, what would be the best way to save.

linda · Apprentice Joined: 04 May 2007 Posts: 3

For the beginning, maybe the most appropriate way to start is a saving account. Savings accounts insure your money and whatever happens with bank businesses amount deposited will be returned to you. By saving money you actually earn money so your debit grows at the time because banks pay interest. This is practically very good way to save. You have health funds which can be good insurance and good alternative for saving but I have more faith in saving accounts. Saving money by investing in bonds is also one of the tempting ways for saving and letting your money grow but on the other hand you get your money back as a prize and sometimes it happens that you earn a very little.