Bonjourno LSU Fan New Orleans Member since Jan 2010 2059 posts
Extra money advice(Posted by Bonjourno on 4/7/13 at 1:29 pm)
I'm currently in a good situation with my job where I have extra money in savings and will continue to be able to save for about another year until I look to buy a house. I feel like it's no good to have it all just sitting in savings. My fiance has some in Vanguard's mutual fund, so I don't know if I should stay away from that and go with something else. I am obviously no financial guru. Any advice would be appreciated.
If you're going to be using this money to buy the house in a year; don't risk it. Keep it safe in shirt-term investments like money market or CDs. You wont make anything, but your not going to lose it.