Where can I save my money? And what is the best place to do so?

I am doing a Powerpoint presentation on how why and where to save money and I need ideas on where, and the best places. My team members are in charge of the advantages and disadvanatages and why you should start saving and are making 'Okay" progress. I'm completely stuck and the only things I have right now are 'Savings Accounts, Investments and the traditional Piggy Bank. Help?|||here a few ideas. 1. learn about investing before jumping into anything you dont understand. 2. open a roth ira that invests in sound and strong mutual funds with at least a 10 year track record of profit. 3. invest the maximum amount yearly into the roth and take full advantage of any 401k matching investments offered by your employer. 4. when you buy a house, make sure it costs no more than 1/4 of your monthly pay and try to buy on a 15 year fixed mortgage. 5. dont go into debt! pay cash for good used cars, and save a monthly car payment for a year or two and trade up every few years. 6. just say no to credit cards. they are snakes that will bite you eventually. cash is always king!|||401K through employer. CD/IRA in bank, under the mattress,|||I think that the best place to save money is the big ticket items. My hubby and I buy used cars and pay cash for them. We have never had a car payment. The money that we would otherwise spend on that goes into investments.





We also bought a less expensive house than many of our friends so our mortgage is less.





Those are the big things but I also think little things like drinking water at restaurants instead of getting a drink really add up.





The best advice that I have heard was from a college professor. She said that if you are married without children to live on one income and save the other. It is always easy to move your lifestyle up but very difficult to move it back down if you have children. I think that is very wise because then you have choices if you plan to have children as far as working or staying home. We have always done this and have quite a large amount in savings. It is fun to see that our investments made several thousand dollars this quarter without me doing anything and to have the security that comes with that.





It is really all about the choices you make.





edit: I may have interpreted your question incorrectly. We have a financial planner. He invests our money in mutual funds. I feel like he is well worth our money. He makes us a higher interest rate than we every could on our own. In addition, my company has a matching 403B program (non-profit version of 401K) so I put money in there to get the matching benefit and the tax benefits. Same with my husband.