Short-term sa vings
For a period of a year to five years, Scholtz-Mare suggests a money-market account as it is not volatile and therefore a s afe environment f or someone to save money and guard against losses. The return is not great and, as said earlier, the amount saved would be higher than if money were saved for a longer period.
S h e a dvi s e s parent s who have waited to the last minute to get rid of as much debt as possible. This way, whatever you were paying for your debt can be directed towards your child’s education.