How to Save for In Vitro
- 1). Put together a monthly budget. Do not forget to add in savings for other things like emergencies or the down payment on a home. Also be sure to include payments on credit cards and loans. This will allow you to determine how much money you can put aside to save for IVF each month.
- 2). Research the interest rates your bank offers for savings accounts, money market accounts, money market funds and certificates of deposits which are also known as CDs. Then look into the interest rates that other banks offer for those same investments. You do not have to invest in all of these short term investment options, choose ones that offer the best interest rates.
- 3). Invest your money with the banking institution that is FDIC insured and that offers the highest interest rate. This ensures your money is safe and that you will get the largest return on your investment.
- 4). Do not remove interest earned from any of these investments from the accounts, this interest compounds increasing your savings.
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