Lesson 3,
Topic 7
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Calculate Your Savings
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Calculate Your Savings
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The last number are your savings, and savings and investment. These usually have returns that give you profit down the line. Although, putting money in a savings account is the one of the lowest yields you can earn. Ideally, put these into something with at least 3% yield, like a government bond or at least a CD. Stocks are an option too, but they can be riskier and require a little more education on the topic.
Tips
- Savings are your goal for a good future.
- This can earn you money long-term, but only with planning.
- 3% is the goal, stocks can earn more but carry risk.
- Retirement can also earn more, and isn’t taxed.