Save Up Not.

Have you heard your parents keep asking you to save up, not to buy anything that is not exactly very useful. Well the things is, being thrifty is a good virtue, but saving up is not exactly a very good way of doing thing. Bank interest rates are relatively low at this period of time. It is better to start investing your dollars to gain more potential returns. Yes, you still need cash for liquidity (like day to day living eg, buying food and clothing) and emergencies (eg. visits to the doctor, car break down and even retrenchment). This can easily be settled by keeping emergency funds of 3-6 months of your monthly salary and some extra cash called the slush funds for any other purpose that is not very big and important, like your computer is broken and you got to get it fixed. The rest of the cash you have, well, it will be good to put them in vehicle that has potential higher return. Do your study, consult the professional, and do not be greedy, everything will go well.