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Question for the Money Doctors

Question submitted on Apr 4, 2012.

Question

My salary is 14,000 per month,i dont have a budget on it .I want to save for dowry settlement next month please assist how do i do it?

Answer

You haven''t given me a lot of information but I would tell you that any funds that are required in the near term should be invested very conservatively. That means in money market, CDs, savings, etc. The return isn''t good right now for short-term cash investments but that isn''t the issue, the reason is to make sure you have the money when you need it.


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