Short term saving, what is the best way to do this?

Question

Saving Money

Answer 1

I started my savings account many years ago with a simple strategy.  Every time I purchase something on sale, get a discount or refund, I actually SAVE that money.  For example, when I grocery shop, the "you saved x*x$" at the bottom of the receipt went directly into savings.  Try to put the money where it is inconvenient to get to or outta sight, outta mind.  I also decided on an amount that I could finanancially afford to save on a monthly basis and pay myself first by moving that money into savings every month before I paid my bills, I paid myself.  Every time you get money that you don't expect, refund of a deposit for example, don't spend it,save it.  Over the years I have gone on world trips, purchased cars cash and real estate with my savings.

Answer 2

How short term, you can invest in a CD, or in the Stock Market, the ladder being risky with the current economical situation