What are different ways of saving up? And how do they work?

Question by Invisible: What are different ways of saving up? And how do they work?
It is for economics. Also, same question for investing, too.

What are different ways of investing? How do they work?

Best answer:

Answer by Virginia G.
Besides stocks, bonds, CD’s, savings accounts, mutual funds, annuity……there is cutting down on spending.

You can open accounts in a bank, a savings and loan, a broker or with a financial adviser. For instance you can buy a CD for a specific amount of time, yielding more interest the more money you put in for a longer period of time.

Know better? Leave your own answer in the comments!