Savvy Living Solutions

  simple methods for saving money The hardest part of saving money is often just getting started. This step-by-step approach to saving money can assist you in devising a straightforward and realistic strategy for achieving all of your short- and long-term savings objectives.   1.      Choose the appropriate tools. Consider these FDIC-insured savings accounts if you're saving for a short-term goal:   Certificate of deposit (CD), which is a type of savings account that locks in your money for a set length of time at a rate that is often greater than savings accounts. Consider the following for long-term objectives:   Individual retirement accounts (IRAs) are tax-advantaged savings accounts that are insured by the Federal Deposit Insurance Corporation (FDIC). Stocks and mutual funds are examples of securities. These financial products are offered through broker-dealer investment accounts. Remember that securities are not FDIC-insure...