Saving for a new house

I had a savings but have had to dip into it because I am expecting a child in OCT. My hope is I can start creating a nest egg again here in the future. I am not much of a saver and the rates are really bad without a huge investment. As for stocks and bonds I know little about it, but would consider it, but the risks are there so I see almost as a lottery thing.

I would suggest you invest your money in gold, put a certain portion of your monthly savings to buy gold items no matter how small but buy 18k up, learn to buy in grams and buy as cheap as possible, even second hand pieces as long as it is genuine, learn current market prices and just buy a little above, continue the habit of buying every month and tuck it away in a safe place, you'll be amazed how much you have after years of doing this ( this is for long term investment or savings and not for those in a hurry to make a quick profit, and do it only if you have real extra money) good luck

The best way to do is put that money in a business. Just be sure you mind your own business.

What I can think of is why not use a time deposit? It offers higher interest rate and it will not allow you to withdraw the money whenever you feel like touching it. You can get or withdraw the interest, yet the principal amount will stay the same. If you want much higher interest, look for cooperatives. I joined an office cooperative and I get what I invested plus profit share at the end of the year.

I give my money to my mum. Haha. Yes, It's not gaining interest but at least I can't really withdraw it. I dunno what I'm saving up for yet. It's either a car, a condo or a house/lot/house&lot. Some people invest in stocks and bonds, some just put it in time deposits.

These days it seems like under the mattress is the only safe place to put your money so you won't lose it. If it were me, I would put it into a savings account or a term deposit. They are usually predictable, although they don't generate as much money, they are safe and you will earn some interest.

I think saving in a interest bearing deposit is a frudent invest because the rate to be reaped is determined prior to investing the funds. Other types of investment are nothing, but subject to changes every now and then depending on market.