Author Topic: Saving for a house  (Read 366 times)

noknow

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Saving for a house
« on: March 29, 2020, 02:38:00 PM »
Yes things are pretty crazy but I would like to start saving for a house. I think it'll take about 2 years to get there. The questions is where should I put my money? The market is just way too volatile at the moment. It looks like I Bonds protect me from inflation to a point https://www.treasurydirect.gov/indiv/products/prod_ibonds_glance.htm. But I'm only allowed to 10k a year. What other options are there?
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no debts, 6 > backup expenses

Radagast

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Re: Saving for a house
« Reply #1 on: March 29, 2020, 04:23:26 PM »
You should be looking at short term or shorter bond funds, money markets, CD's, and high interest saving accounts especially if they have a sign up bonus. Ibonds cannot be taken out at all for 12 months, and lose a small amount of interest until 5 years.

You can take more risk if your schedule is more flexible, just set it aside in a bank account when you have enough and begin actively looking.