First job...Where to keep saved money?

zolace

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Quote from: hackjack on April 22, 2014, 10:26:21 AM

So I just got my first job out of college, took me forever to find one fuck...and am trying to figure out the best way to save my money. I have budgeted out $650 a month to save, but don't really know what the best way is to do that. I have a savings account currently with chase, but I feel the interest rate is terrible and they're just screwing me over. I'm enrolled in a 403b through work, but from what I hear it seems you dont really want to be pulling money out of that until much further down the road. I want my money to grow but don't know what the best way to do that is. If someone could please tell me the different options I have and what they would recommend I would really appreciate it. Thanks!

Just to clarify...im not asking for ways to save but rather, where is the best place to keep that money?

I an envelope under your bed or in shoes box or as my grandmother keeps her money inside books!

blacksails

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Quote from: Dogtanian on April 22, 2014, 10:53:00 AM

Quote from: Lethn on April 22, 2014, 10:49:16 AM

I put my birthday money in Bitcoin, price has shot up ever since, if you've got a fairly passive income you can get from a job you could actually make some extra income with Bitcoin/Litecoin depending on how savvy you are at trading,

Why not other alts as well? You can make more on trading the many alts than Bitcoin right now, but Bitcoin is the best if you hold until the price has increased then buy back on the low.

Yes, but that would require much more energy and involve bigger risks. I stopped trading alts after just a few days, to much work (I stopped doing so with more money than before though).

Dogtanian

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Quote from: Lethn on April 22, 2014, 10:49:16 AM

I put my birthday money in Bitcoin, price has shot up ever since, if you've got a fairly passive income you can get from a job you could actually make some extra income with Bitcoin/Litecoin depending on how savvy you are at trading,

Why not other alts as well? You can make more on trading the many alts than Bitcoin right now, but Bitcoin is the best if you hold until the price has increased then buy back on the low.

Lethn

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I put my birthday money in Bitcoin, price has shot up ever since, if you've got a fairly passive income you can get from a job you could actually make some extra income with Bitcoin/Litecoin depending on how savvy you are at trading, another option is to buy Gold/Silver to preserve the wealth you have.

It's great that we have so many easy options for wealth transfer now.

Dogtanian

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Quote from: fattypig on April 22, 2014, 10:38:57 AM

Quote from: Dogtanian on April 22, 2014, 10:32:15 AM

Under your bed lol. You wont really get much interest nowadays so I'd just try try invest it otherways.

Hahaha, under your pillow sounds better..

That doesn't sound very comfortable lol. Maybe stick it in the closet instead.

jinjuro

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Buy a piggy bank.

Seriously invest it in bitcoin or litecoin.

fattypig

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Quote from: Dogtanian on April 22, 2014, 10:32:15 AM

Under your bed lol. You wont really get much interest nowadays so I'd just try try invest it otherways.

Hahaha, under your pillow sounds better..

blacksails

sr. member

Activity: 294

Merit: 250

Quote from: hackjack on April 22, 2014, 10:26:21 AM

So I just got my first job out of college, took me forever to find one fuck...and am trying to figure out the best way to save my money. I have budgeted out $650 a month to save, but don't really know what the best way is to do that. I have a savings account currently with chase, but I feel the interest rate is terrible and they're just screwing me over. I'm enrolled in a 403b through work, but from what I hear it seems you dont really want to be pulling money out of that until much further down the road. I want my money to grow but don't know what the best way to do that is. If someone could please tell me the different options I have and what they would recommend I would really appreciate it. Thanks!

Just to clarify...im not asking for ways to save but rather, where is the best place to keep that money?

You could buy stocks, shares and stuff like that. However, be very careful to let banks and other financial people do that for you, they are only after the brokerage money.
I don't know if that's an option in america, however, over here (Sweden) you can "lock" the money for a much better interest. Usually, the longer you "lock" it, the better rate you get. However, if you withdraw the money before that period of time is over you will not get anything. There might be similar things you can choose?

Dogtanian

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Under your bed lol. You wont really get much interest nowadays so I'd just try try invest it otherways.

fattypig

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Since you are asking here I might as well tell you to buy BTC. Or else just put it in CD.

hackjack

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So I just got my first job out of college, took me forever to find one fuck...and am trying to figure out the best way to save my money. I have budgeted out $650 a month to save, but don't really know what the best way is to do that. I have a savings account currently with chase, but I feel the interest rate is terrible and they're just screwing me over. I'm enrolled in a 403b through work, but from what I hear it seems you dont really want to be pulling money out of that until much further down the road. I want my money to grow but don't know what the best way to do that is. If someone could please tell me the different options I have and what they would recommend I would really appreciate it. Thanks!

Just to clarify...im not asking for ways to save but rather, where is the best place to keep that money?

Topic: First job...Where to keep saved money? (Read 445 times)