Saving Cash for a New Home

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bobbyampm

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Should I save in cash for a new house or open a saving account? What type of account with Interest and which bank?
 
bobbyampm said:
Should I save in cash for a new house or open a saving account? What type of account with Interest and which bank?
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What do you mean by cash? Like bank notes under the mattress?

My understanding of cash savings is any liquid, guaranteed-interest saving account (e.g. money market, 32-day etc.) This is as opposed to share or ETF investments.
 
backstreetboy said:
How long are you looking to save and how much? Why do people always leave out the most important information and expect help still?
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I am able to save R100k to R150k per month and the house I am looking to buy is around R1,500,000. So in 10 months, I should be able to afford it. Should I keep saving in cash( yes cash under the mattress)?
 
For ten months, yeah, stash it under your mattress.

Also, post your address here, for reasons.
 
Steamy Tom said:
you can save R100-150k per month and you are asking for silly financial advice? go fsck right off with the bs
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was thinking the same if you asking this kinda question you shouldnt be earning that kind of cash
 
Snyper564 said:
was thinking the same if you asking this kinda question you shouldnt be earning that kind of cash
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Same as seeing certain people driving the lastest greatest cars but have 3 brain cells and can seem to understand this driving thing.
 
Folks, this is a 12 year old account. You are being trolled.
 
When did you guys lose your faith in humanity? OP is not necessarily lying on the internet; there could be a perfectly valid explanation. Maybe he loots government funds?
 
He’s been doing 100 pushups a day for 12 years, and can now pay off a house with one punch.
 
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