What's the best way to save up for a car? USA (kbin.earth)

submitted 1 month ago by strawberry@kbin.earth to c/asklemmy@lemmy.world

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I'm putting away $300 a month, my question is where to put it. savings account has basically 0 interest, there are HYSA (high yield savings account) that would give me 3-5% apy, or I already have some money in stocks that have grown consistently 25% over the last year (index funds only)

what would you guys recommend? I'm looking to buy it probably 3 years from now. that way either I've got a fat down payment or I can just buy it cash

thanks

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[-] strawberry@kbin.earth 1 points 1 month ago

100% used, I'm looking at the 10-15k price range

this post was submitted on 24 Feb 2025

32 points (97.1% liked)

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