Short-term sa vings

Finweek English Edition - - INSIGHT -

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.

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