Prevent mney mistakes today, and save big bucks tomorrow. Print Email PagesPrevious 6 of 18 Next View All 3. You keep your longer-term money in a basic savings account HOW IT HURTS: Your funds will earn less than 1 percent interest and won’t come close to keeping up with inflation. Related Links Save Money on Your Major BillsHow to Save More Cash (Now and in the Future!)Got bad credit? Bail yourself out.