“Save, save, save!”
This is core advice from every finance pro in the world — and for good reason. Without savings, we’re out of luck in an emergency — or even when it comes to planning for a retirement, a home purchase or even a vacation.
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But what is the best way to save? The majority of Americans use traditional savings accounts to stash away their dollars. There’s no harm in this, and certainly there is a place for these types of accounts, but are they always the best haven for your money? Not necessarily.