where should I put my cash savings?

[thecollege123]

Saving money is a vital part if one wants to secure his future someday. But the normal question about this particular issue is how to save a lot and where to save it. Definitely, it is hard to earn money, that's why spending it is also a bit hard to do. I guess, the best way to secure your finances and savings can be made in three options. First, put it,as many people used to do, in a very good bank. Second, use it in investing to a certain business where of course, you're also sure that it is good and reliable source as your financial asset. Third, you may even use it to buy the things you think you really need but be sure to safely keep it. But among the three, I'll go with the second option. Investing your savings into a business is a double effect for you. Because, the money you've been saving for such time and would then be put into a business which will surely create and produce another set of money for your savings.

[MKKShah]

I agree with many of the posters above. I would:

- put some in an IRA (if you don't already have one0
- some in bond funds
- some in blue chip stock funds
- some in govt bonds
- some in money market
- come in cash in a checking/savings acount.