5 Ways to Better Utilize Your Savings

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5 Ways to Better Utilize Your Savings
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• There are some people who thrive on saving. They
  enjoy putting a money in their piggy bank far
  more than spending it. They spend hours
  researching the best places to put their money.
  They seem to live to save. Maybe you are one of
  these people more likely you are not. But
  whether saving comes easy for you or its a
  struggle to save each penny, where you invest
  your money and how you help it to grow is the
  next most important thing after how much you
  save.
• Here are five ways that you can better utilize
  the money that you save, growing it for the
  future

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• Buy life insurance policies.
• Purchasing a whole
  life insurance policy can be one way to invest
  your money and provide Saving Plans other
  protections for the future. There are two basic
  types of life insurance whole life and term
  life. While term life insurance pays out benefits
  only in the event of death (or maybe serious
  disability), whole life can provide these types
  of benefits but also allow for taking loans or
  withdrawals against the policy. As one article in
  Forbes asserts (Davidson, 2011), there are pros
  and cons to buying whole life insurance. It
  should not be used exclusively as an investment
  vehicle, but could be good as an investment
  vehicle if life insurance benefits are also
  desired by the investor (Davidson, 2011). One way
  to make the best decision is to work with an
  insurance agent who is not paid by commission and
  will give you more honest advice.

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• Invest monthly in safe pensions and retirement
  savings.
• Pensions are becoming much less common today than
  they were twenty years ago and beyond. However,
  some companies and government employers do still
  offer pensions. Always take full advantage of
  your pension, paying into an account if necessary
  or doing whatever you need to do to reap the
  benefits in retirement. If you work for a company
  that offers a 401K, take advantage of that,
  particularly if they offer matching funds. In
  addition, if you are self-employed, ensure that
  you are paying into social security yes, some
  are concerned that social security is suffering
  issues, but this has happened before and the
  program survived it (Buckner, 2013). Social
  security is still a good bet for retirement
  savings (Buckner, 2013).

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• Invest in the hottest trend real estate.
• While young people may think that the real estate
  market is volatile given the market crash early
  in the new millennium, the fact is that real
  estate is generally a pretty safe place to invest
  your money. There is a finite amount of land on
  this planet and owning more of it is almost
  always a good thing, financially.
• Go for long term return investments in
  precious metals such as gold and silver.
• Precious metals have held value and been used as
  currency since the dawn of human civilization.
  Today, gold, silver, and other precious metals
  still hold tremendous value, and while new veins
  of these metals are sometimes discovered, we are
  using up our supplies and, as a general rule,
  prices are on the rise.
• Invest in structured settlements, annuities, or
  bonds.

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• 
  Buying stocks can be a great way to make money,
  if you know what you are doing. But the stock
  market is volatile and dangerous. Buying bonds is
  safer. Even better yet for some people is buying
  annuities, which is when you pay into buying an
  annuity (usually in a lump sum) and then at a
  later date receive payments back from that
  account.
• Of course, all of
  the above are great tips, but you cannot do any
  of them unless you actually save some money
  first. If saving money comes easy for you, then
  great, you can stop reading now. But for most
  people, you could probably use a savings pep
  talk, so here goes save money, every day. Look
  for easy ways to save money. First, have money
  taken directly from your paycheck and put into a
  retirement or savings account. Next, put your
  spare change into a jar each day, and every six
  months deposit that money into your savings
  account.

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