We’ve talked before about different ways to boost your income. Now, let’s focus on how you can save and invest your money. For a while now, I’ve been putting my money into Certificates of Deposit (CDs). Why? Because it helps me resist the urge to spend it impulsively. This is why I started the savings section on this website—if I had kept the money in a regular savings account, I probably would have spent it all by now.
WHY I LIKE CDs
Diversifying my investments is a key part of my strategy. CDs are a core part of my investment portfolio. Some people argue that the returns on CDs just barely beat inflation, and they might be right. But for those of us investing smaller amounts and using CDs as a secure way to save, they’re incredibly effective at keeping money out of reach. That’s why I find CDs so valuable.