There are several ways to save and invest money for the future. Traditional savings accounts offer a safe and easy way to store cash while earning a modest interest rate. Retirement savings options like 401(k) and Individual Retirement Accounts (IRA) offer tax advantages and a wide range of investment options. Investing in the stock market through individual stocks, mutual funds, or exchange-traded funds (ETFs) can offer higher potential returns. Whole life insurance policies can also serve as an unconventional form of savings, providing a death benefit to beneficiaries and a cash value component that grows over time.