Topic: Wise thing to do with your savings. - page 12. (Read 8196 times)
The best thing you can do is to not spend those saving on some stupid things you will regret buying after all. Invest them if you want but with a nice diversification.
Each person has a selection of their option. In my opinion, I will use 20% which to invest, crypto is an one in a good channel. If you have the deep knowledge, from 20% you can be up to 100%. However, everything is not easy, you must to learn more and more to win.
Yes, it would be good to invest but don't be sure Shem investing the emergency fund as full of risk is accompanied in it. So instead what I'm thinking is that why not divide the 20 % saving into 2 where half of it woukd be saved as an emergency fund while the other half would be for the investment stuffs. I always believe that although investing is really risky, but we should try to be wise on taking it. So one thing that I'll surely do is to allot money for it without leaving myself nothing after taking the risk.
Savings is not an investment and cannot yield more profit, instead it just seats in an account and is available whenever needed, but the truth is that money saved is better of ,if it works for you, meaning if it is invested into something lucrative and safe. So one of the wisest things to do with ones savings is to re-invest it in a very lucrative and profitable venture ,so as to yield dividends.
Once the grow it in the bank of some interest percent of my savings i used it into a needed time like emergency happen.
i think the wise thing to do with your savings you need to think about the things you need in your everyday life to avoid costly and become a disciplined person so you do not have to buy anything worthless so your money will not be exhausted.
I see that many of you actually liked the concept of 20 % method wherein you allot 20% of your earnings to be saved as emergency fund.
So I was thinking, if that 20% allotted will be invested in a time deposit kind of account, will it still be possible to earn as much or invest it in cryptocurrency? Or maybe just let the money sleep until such time you will need it?
What will be a wise kove to do with the noney you have saved up?
Emergency funds are not to be deposited in a time deposit account. Time deposit accounts have specific time before you can withdraw it and you can never tell when you are in need of it. Also it is not wise to invest emergency funds because you are doing away with the main purpose of such savings.So I was thinking, if that 20% allotted will be invested in a time deposit kind of account, will it still be possible to earn as much or invest it in cryptocurrency? Or maybe just let the money sleep until such time you will need it?
What will be a wise kove to do with the noney you have saved up?
Best thing to do with your savings is to invest, except for emergency fund. From the word emergency ,it means that funds always be ready because we dont know when we can use it. Emergencies is unpredectable. And when we allocated a money, savings and emergency fund is not the same. For the savings, it is not a good idea to put in just a bank.if you want to grow your savings ,it best to invest like the cryptocurrency
Yes, I agree with you on this that the best thing to do with the savings is to invest it. Emergency fund must always be there untouched at all times it must be separate from other money. And if you are serious about saving money quickly, consider putting a temporary stop to dining out, visiting the movie theater, and grabbing Friday night drinks with friends. Sometimes it is the cause of unexpected expenses that will eventually lead to using the money you intended for something more important.
I see that many of you actually liked the concept of 20 % method wherein you allot 20% of your earnings to be saved as emergency fund.
So I was thinking, if that 20% allotted will be invested in a time deposit kind of account, will it still be possible to earn as much or invest it in cryptocurrency? Or maybe just let the money sleep until such time you will need it?
What will be a wise kove to do with the noney you have saved up?
The wisest thing is to turn your passive into active, basically make money to work of you and bring you that income, more likely a passive income, but this depends on you. So I was thinking, if that 20% allotted will be invested in a time deposit kind of account, will it still be possible to earn as much or invest it in cryptocurrency? Or maybe just let the money sleep until such time you will need it?
What will be a wise kove to do with the noney you have saved up?
Starting to invest and have life insurance are three things that can be started to protect personal financial conditions when there are emergencies or unwanted risks. The sacrifices made now (by setting aside money to save or buy insurance) will be paid for by future protection.
You have idle money, instead of giving up your bank, buy bitcoin. Benefit than to give up the bank a lot. This is your savings, save money. Last year $ 1500 salary, $ 10 for one plate of rice. This year's salary is $ 1600, $ 20 for one plate of rice. The price is climbing steeply, bank interest, salaries run like a cow turtle. Buy bitcoin for a breath-taking future.
In saving, of course we have to have a good strategy, if only relying on savings at the bank, guaranteed money will never increase so I prefer to choose investments rather than savings in banks, high risk investments such as cryptocurrencies are certainly the right choice.
I see that many of you actually liked the concept of 20 % method wherein you allot 20% of your earnings to be saved as emergency fund.
So I was thinking, if that 20% allotted will be invested in a time deposit kind of account, will it still be possible to earn as much or invest it in cryptocurrency? Or maybe just let the money sleep until such time you will need it?
What will be a wise kove to do with the noney you have saved up?
So I was thinking, if that 20% allotted will be invested in a time deposit kind of account, will it still be possible to earn as much or invest it in cryptocurrency? Or maybe just let the money sleep until such time you will need it?
What will be a wise kove to do with the noney you have saved up?
The best way to do to your savings is to divide it in a classification. For instance, make an emergency savings from your savings so that in case of emergency you will have a fund to get money so that it will not affect your other savings. Let some of the savongs be invested so that it will increase but be careful and wise enough in investing so you will not lose.
We all have to be wise in making decision with our hard earned money because we can never tell when emergency comes or what will happen in our life in the next coming days, so we must save and secure funds for future.
you need to invest correctly and calculate all the risks before that, in case of failure, be ready for this
The whole point of an emergency fund is for it to be there in case of emergency, but most of the time, it serves it's greater purpose by giving peace of mind in case anything goes wrong. Don't invest it. Put money aside for investment purposes and you'll be more likely to make the right investment decisions because you won't be as stressed.
The wisest thing is to invest wisely. Distribute the risks, do not put everything in one basket, think about different assets by their properties. Invest in something that is less susceptible to the influences of the global economy.
Saving is saving! If you spent or invest the money that you save then you are removing your saving... I won't let my saving spent for anything else rather than the plan it was being purpose for the saving. I have allocated money for me to keep as a saving for future needs, it should not spent for other purposes.
I see that many of you actually liked the concept of 20 % method wherein you allot 20% of your earnings to be saved as emergency fund.
So I was thinking, if that 20% allotted will be invested in a time deposit kind of account, will it still be possible to earn as much or invest it in cryptocurrency? Or maybe just let the money sleep until such time you will need it?
What will be a wise kove to do with the noney you have saved up?
wise to do with your savings is to spend it in a right way that sa the only way to use it So I was thinking, if that 20% allotted will be invested in a time deposit kind of account, will it still be possible to earn as much or invest it in cryptocurrency? Or maybe just let the money sleep until such time you will need it?
What will be a wise kove to do with the noney you have saved up?
As for me, i will not let my savings stay in my pockets without interest. I've separated my money into 4 parts: I use 10% of my budget as for emergency situation and lets all of my family know how to take it in case i could not control. 60% of funds is used for investing in real estate. The last 30% of my money is invested into the crypto market. It's risky but i also have a chance to bring benefit from this market.
I see that many of you actually liked the concept of 20 % method wherein you allot 20% of your earnings to be saved as emergency fund.
So I was thinking, if that 20% allotted will be invested in a time deposit kind of account, will it still be possible to earn as much or invest it in cryptocurrency? Or maybe just let the money sleep until such time you will need it?
What will be a wise kove to do with the noney you have saved up?
Spare funds should not be hoarded, apparently it is a wise thing to invest them so that they could bring profit.So I was thinking, if that 20% allotted will be invested in a time deposit kind of account, will it still be possible to earn as much or invest it in cryptocurrency? Or maybe just let the money sleep until such time you will need it?
What will be a wise kove to do with the noney you have saved up?
And here comes the main problem of choice - WHERE to invest?
Bank deposits are not as profitable as playing with crypto, but are much more reliable. So I would prefer keeping 10% of those saved money on a deposit and trying to multiply the remaining 10% by investing in crypto.
Jump to: