Right now, other than my ROTH IRA, and my TSP, I'm not terribly interested in putting much money away in a savings account. I have a savings account, and it gets around a 1% return rate.
According to some recent statistics that the state used to raise the minimum wage, I believe that the CPI increased around 4.3%*. That means that the money that have put in that I've had most of that money in the account for over a year, so it means the money that I put in that account is worth 3.3% less than when I put it in that account. So, why should I put money in a savings account if it loses value?
*Those are the numbers that they tell us about, but the government plays all kinds of games with the consumer price index.
