Quake3World

I've noticed I have some extra money at the end of each month that I'm not really using. I think I want to start saving some of it for a new car or something along the lines. I probally have an extra $150-250 CDN that I'm not using for anything. What is a low risk way to save the money, so I can use it in the next year or two.

Serious replies only pls.

inphlict wrote: Serious replies only pls.

Shouldn't have said that. :icon26:

inphlict wrote:I've noticed I have some extra money at the end of each month that I'm not really using. I think I want to start saving some of it for a new car or along the lines. I probally have an extra $150-250 CDN that I'm not using for anything. What is a low risk way to save the money, so I can use it in the next year or two.

Serious replies only pls.

Talk to an investor.

Tormentius wrote:

inphlict wrote:I've noticed I have some extra money at the end of each month that I'm not really using. I think I want to start saving some of it for a new car or along the lines. I probally have an extra $150-250 CDN that I'm not using for anything. What is a low risk way to save the money, so I can use it in the next year or two.

Serious replies only pls.

Talk to an investor.

My experience in the past from investors is that they like to push their own agenda. I would rather hear what people have had success with.

scourge34 wrote:

inphlict wrote: Serious replies only pls.

Shouldn't have said that. :icon26:

Probally not but I'll simply ignore the people that want to be funny.

If you're only going to be saving it for a year or two don't worry about investing - it takes a lot of research and experience to make money investing in that short a time period.

Open a savings account with a bank that has a fairly high interest rate, and won't let you withdraw the money easily with a check card or anything.

That's what I'm thinking, also does anyone know much about bonds?

I'd talk to your parents and let them know they're giving you too much extra. :icon14:

R00k wrote:If you're only going to be saving it for a year or two don't worry about investing - it takes a lot of research and experience to make money investing in that short a time period.

Open a savings account with a bank that has a fairly high interest rate, and won't let you withdraw the money easily with a check card or anything.

Exactly. Most banks have financial advisors who work for the bank are not on commission based or anything. They'll let you know which kinds of accounts will give you the greatest return in interest.

In a jar, on the fridge.. when its full of cash money, empty into a pillowcase, throw in closet.. repeat..

if you have roommates, put jar somewhere else safe..

do not save change this way.. use a large water jug or something for that crap

SOAPboy wrote:In a jar, on the fridge.. when its full of cash money, empty into a pillowcase, throw in closet.. repeat..

if you have roommates, put jar somewhere else safe..

do not save change this way.. use a large water jug or something for that crap

kinda returns you seeing with that system?

+JuggerNaut+ wrote:

SOAPboy wrote:In a jar, on the fridge.. when its full of cash money, empty into a pillowcase, throw in closet.. repeat..

if you have roommates, put jar somewhere else safe..

do not save change this way.. use a large water jug or something for that crap

kinda returns you seeing with that system?

Well since you arnt making interest, yeah ti sucks.. BUT after you empty the jar thing, you forget about the money.. youll have a few grand before you knwo it..

SOAPboy wrote: Well since you arnt making interest, yeah ti sucks.. BUT after you empty the jar thing, you forget about the money.. youll have a few grand before you knwo it..

A term deposit would at least give some return on your investment.

Tormentius wrote:

SOAPboy wrote: Well since you arnt making interest, yeah ti sucks.. BUT after you empty the jar thing, you forget about the money.. youll have a few grand before you knwo it..

A term deposit would at least give some return on your investment.

agreed.

Tormentius wrote:

SOAPboy wrote: Well since you arnt making interest, yeah ti sucks.. BUT after you empty the jar thing, you forget about the money.. youll have a few grand before you knwo it..

A term deposit would at least give some return on your investment.

who said "DEPOSIT" i didnt

yeah for something like this I would go for a savings acount that has an interest rate higher than current depreciation value.
ING has this new orange acount that has a fairly high interest rate in comparison,but I'm clueless if that applies to your location.

If you want to get really slick, you can search around for banks in foreign countries with better interest basis!

Testoclesius wrote:$150 to $250 a month :lol: thats the funniest shit ive ever heard :lol: why fucking bother at all mate :lol:

Because $0.99 doesn't make $1.00. If he saves it up, he'll have a lot to spend later on.

testo is right about this, that's just pocket change. just put it in your bank account

Education.

If you have the drive to do more with your money learn HOW from those who have accomplished what you wish to accomplish.

Read books, go to lectures and get involved in a community of like minded people. I would suggest this organization;

http://www.new-shore.com/

Cool Blue wrote:I would suggest this organization;

http://www.new-shore.com/

Is it a cult?

Hey i find i have about $2500-$3000 US free change a month and have like 10k in the bank right now.


Any ideas? I m sick of working this job and wanna losen up my financial future so i can move to like costa rica or something


Just phishing....

Iccy (temp) wrote:Hey i find i have about $2500-$3000 US free change a month and have like 10k in the bank right now.


Any ideas? I m sick of working this job and wanna losen up my financial future so i can move to like costa rica or something


Just phishing....

lol, I hope that's a joke or you still live with your parents...in which case you are the joke.

Testoclesius wrote:$150 to $250 a month :lol: thats the funniest shit ive ever heard :lol: why fucking bother at all mate :lol:

w0rd

The HavoX wrote:

Testoclesius wrote:$150 to $250 a month :lol: thats the funniest shit ive ever heard :lol: why fucking bother at all mate :lol:

w0rd

You don't make anything, you live at home with your parents. I wish you cancer over the internet.