Q:

An old-fashioned method of saving money is to stuff it in your mattress or hide it in a cookie jar on the top shelf of your closet. But most financial consultants will argue against this method of saving your money. Why? Give an example of a better solution to saving money that might be advised by a financial consultant.

Accepted Solution

A:
To invest in stock or bonds so that you not only are saving money but receiving more money in return. Also instead of saving it in a cookie jar or something like that, you should put it in a savings account so that over time as you add more money into the account you will also be receiving interest for your money. They would advise you to do something with your money that will get you more money in return