Types of saving ? best way to save money !
Saving is everyone desire . everybody wants to save money for future security but if you know the best way of saving then you can save lots of money with high interest rate. Saving depends on your future goals , what is your plan in future? There are three types of saving . 1. Short term savings 2. Long term savings 3. Mid term savings Let’s discuss each of the following . Short term saving Short term goals are your immediate expanses. Although timelines vary, these are the things you will spend money on generally within a few months or years. Example:- 1. Emergency fund 2. Rent, insurance or student loans. 3. Credit card debt payments. 4. Personal goods 5. Travel 6. Wedding 7. Minor repair and home improvements Long term savings Long term goals are usually your big picture costs. These goals may take several ye