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Why Save Money in a Low Interest Rate Environment?

Prairie Eco-Thrifter

I would go into the bank with my stubby little hands clutching my months worth of allowance (total of $1), deposit it and see the results right off printed in my book. We could take on debt to grow using other people’s money. Back then I had a passbook. Nice immediate incentive. Saving is a prerequisite to becoming an investor.

Money 124
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10 Best Low-Risk Investments In April 2024

Savings Corner

It’s also why low-risk plays make for better short-term investments or a stash for your emergency fund. Most accounts are government-insured up to $250,000 per account type per bank, so you’ll be compensated even if the financial institution fails. In contrast, higher-risk investments are better suited for long-term goals.

April 52