We all need to put money in reserve for major items that will need replacement many years in the future. For example I budget replacing my vehicle every 10 years. To ensure that money is there and not spent on something else, I set aside $250 per month with a goal of having $30K for the vehicle purchase in 10 years. Where is the best place to deposit those funds on a monthly basis. I assume the early funds maybe invested/deposited somewhere different then the later funds and the funds should be moved to a more conservative place over time or do you just put it all in MM or CD's?
Thanks
Thanks