What is the best way for me to save my money?

So i'm 18 and I have a very nice job. I still live at home so my only expense is gas and buying lunch a couple days a week. I currently have a checking account, but it has no interest and I have saved, and continue to save money. I want to know what would be the best thing to do with my money. I'm not sure if it would be a CD or savings or money market. I want to keep adding to it, and I don't plan on touching it. So what would you recommend/what banks?

Asked By: -peanut- - 11/8/2009
Best Answer - Chosen by Asker
I recommend using ING Direct for your savings account. It provides a pretty good interest rate, but the best part is that it's free and you can set up separate funds withing your account (IE: vacation, car, family, home improvements, school... whatever you want.) This helps me to stay organized and then give me the... More
Answered By: Gritts - 11/10/2009
Additional Answers (2)
Open a regular vanilla run of the mill savings account at whichever bank you have your checking account. Things like CDs and monkey market funds and interest rates matter way less than just moving your money out of your checking account so you can't spend it. Right now, it doesn't matter where you choose to park your... More
Answered By: Jilly - 11/8/2009
What you need to do is shop around for a bank account. Make it an account that has no monthly fees, only fees for withdrawals. That'll be a disincentive to withdraw money. Make it a passbook account or some other kind of account that you can't access easily. Have no internet banking or debit card attached to the... More
Answered By: Goonhilda - 11/9/2009
Sponsored results
Over 483 Local Jobs Now Hiring In Your Area. $18-$87/Hr - Apply Today!
Click. Search. Apply. Free!
Jobs hiring near your local area. Part-time, Full-time, Work at home.
Sobre 287 Trabajos en tu area. $15-87/hora - Aplica Ahora.

Other Career Questions

What is your current job? Why did you choose this job? What do you enjoy about your job? What do you dislike about your job? What would be your perfect job? Would you rather have this j...
3 answers - Asked By: drop pants not bombs!.♥ - 3/2/2010
Where are the jobs? Is productivity and globalization creating a permanent “recession” of jobs? My main issue is I am doing a paper for school and have no idea where to begin. I was hoping suggestions...
4 answers - Asked By: bayebd24【ツ】 - 11/21/2007
Hi ok im 19 and about to start college to do an acess course into a university. Ive been browsing through all the courses and im tottaly stuck! I thought politics but im scared ill end up with some r...
1 answers - Asked By: roseparkerly - 1/26/2009

Content is not owned or controlled by Monster. Any content concerns should be addressed with Yahoo!
Yahoo! Does not evaluate or guarantee the accuracy of any Yahoo! Answers content. Yahoo! Disclaimer.

Popular Articles

Best-Paying Work-from-Home Jobs Article Rating
It’s easier than ever to work from home. Of course, not every job is a mobile job, and some companies aren’t interested in having their employees work from home.
2013 Marketing Jobs Outlook Article Rating
The US may be facing another year of anemic hiring overall, but that won't be the case in the high-orbit world of multichannel, digital media marketing.
For Employers: Post Jobs | Search Resumes | Advertise
About Monster | Work for Monster | Advertise with Us | AdChoices | Partner with Us | Investor Relations | Social Media
Terms of Use | Privacy Center | Accessibility Center | Help | Security | Contact Us | Sitemap | Mobile
©2014 Monster - All Rights Reserved U.S. Patents No. 5,832,497; 7,599,930 B1; 7,827,125 and 7,836,060 MWW - Looking for Monster Cable? - V: 2014.1.40.24-319