Where did u put your saved money for a house?

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Forum -> Household Management -> Finances

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amother

Taupe

Mon, May 28 2018, 8:56 pm

We are saving for a house now, where do u keep the money you save? In your bank? Like just let it accumulate in your checking account? Please advise thanks

hadas15

Mon, May 28 2018, 8:59 pm

Better to keep it in a savings account cuz you get a tiny percentage. Some ppl invest it in mutual funds or bank CDs

creditcards

Mon, May 28 2018, 9:01 pm

Mutual funds

doctorima

Mon, May 28 2018, 11:49 pm

If you're planning to buy a house in the near future, I wouldn't recommend taking a chance on the volatility of mutual funds, which offer much greater return, but also much greater risk. You should shop around for the best savings account (Dansdeals just had a post with a 1.85% offer). If you're not going to buy a house for several years, then a mix of index mutual funds makes the most sense.

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