Safe Luxury - what is the best fastest way to save $20,000 for down payment for a house?

what is the best fastest way to save $20,000 for down payment for a house?

What do you think with be the best way to save that amount of money? CD? regular saving account? Safe box at home? etc. Please give me your imput and also what would be the fastest way to do so. Thanks.

Public Comments

Get a part time job, regularly invest and reinvest, cut expenses, limit spending, and use a budget.
Live like a hermit. Save every penny you can. Put it in a high interest savings account like www.ingdirect.com Good luck!
NOt sure how much money you make per year but assuming that you are making more than that per year, you have to write a budget and stick to it. Decide how long you are willing to wait to obtain this house and then divide the 20k by the amount of time you want to wait. so for example if you want to have the money in two years then you will have to save slightly less than 1k per month. If this is not realistic, play with the time or increase your income (part time job, ebay sales, donating plasma, etc)
Put a set amount into a savings account every payday. When the savings account builds up to a certain point, move the money into higher interest CD or mutual funds.
Gary's strategy is sound. You will be able to find some good investment advice from the Motley Fool Group (www.fool.com) I have quadrupled my money by investing based on their strategies. It is no get rich quick schemes but solid investment in quality stocks. They attempt to point out winning stocks. They do a pretty good job. CTRP and NUAN are some good ones that are very solid.