Last Christmas, we probably received cash as gifts from some of our wealthier or purportedly wealthy relatives. Some have received a substantial amount, while others may have received a relatively small amount of money. Others may have received big bonuses or Christmas incentives. So what happened to the money that you received? Did you spend all of it already? Are you still keeping it under your mattress? Are you planning to buy some gifts with your Christmas bonuses ?  Here are some ideas ways on what to do with that money. 1.) Put your money in the bank – Contrary to what most people think, banks are not only a place where you could keep your money safe. Banks offer several ways wherein you can make your money grow. Savings account only offers small interest rates. Time deposits on the other hand offer a higher interest rate. Time deposits however are sort “long term investments” since you cannot withdraw your money for a long period of time. This will however give you a … [Read more...]