Saving money is a basic habit that people should cultivate to be financially healthy. Most financial advisors recommend that one saves at least 20 percent of their net income. True, everyone should have some money saved up, typically for an emergency such as loss of employment or chronic illness and for golden years when your earning power would have drastically reduced.
But how you save or where you save is also of equal importance, because of the effects of inflation on the value of money.
