Your browser may block some cookies by default. By clicking, you agree to allow our advertising partners to place their cookies and serve you more relevant ads. To view our privacy policy or opt-out, click here.
Untitleddesign-1528033758347.jpg
Source: Thomas Trutschel/Photothek via Getty Images

Thrifty People Share Their Genius Tips For Saving Money—And We Wish We Knew Them Sooner

By B. Miller

If you don't have some sort of side-hustle, you should consider yourself lucky. In fact, today's economy has been dubbed the "gig-economy". Millenials and Gen X alike have found themselves searching for alternative sources of income. But whatever happened to good, old-fashioned saving? Think you've tried everything? Think again.

One of the new tips out there is investing in CDs. No, I'm not talking about the ancestors to digital downloads. CDs are Certificates of Deposit. Think of these as savings accounts that you're not allowed to touch. Apparently you can get CDs for different cycle lengths. You're not allowed to touch the money until that cycle is up unless you want to pay a penalty. Once the cycle is up you have the option to cash out your original investment plus a heftier-than-normal chunk of interest OR you can re-invest it back into another CD.