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Topic: Wise thing to do with your savings. - page 14. (Read 8196 times)

newbie
Activity: 66
Merit: 0
August 19, 2018, 07:42:25 PM
With your savings account, you can keep the amount of money in your account or find ways to increase that savings. If you put money in your account, the money will be almost intact, but it is safe and you can withdraw as soon as you need it. If you extract a portion of the savings for your investment, you can lose it, but with the opportunity to increase your money. I often choose to take 30% of the savings to invest, both to create opportunities for themselves, as well as provide backup for uncertain situation.
sr. member
Activity: 1932
Merit: 442
Eloncoin.org - Mars, here we come!
August 19, 2018, 03:52:15 PM
I will keep my emergency fund as it is since it was really alloted for that particular reason, and I will just save separately for investments fund.
Yes I agree with you. The wise thing to do with your savings is that you build a business you want to be able to gain more money because business is also the key of the rich people today. Spend it in a good ways that you can benifit more.
Indeed, I agree that you must keep an emergency, since you don't when you'll get sick, with that emergency fund you can't be stressed in the bills that you're going to pay. It's also wise to build business with your savings, especially when you're still young, because more opportunities will come to you.
sr. member
Activity: 1344
Merit: 253
August 19, 2018, 12:25:44 PM
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?
In order not to lose my savings, I recommend investing in gold. One of my friends said: - How did a one-room apartment 30 years ago 1 kilogram of gold, and now it costs 1 kilogram (in my country) ...
graph, gold always rises every year. compared to inflation in the price of daily needs, i think the increase in gold is more significant, and that is what makes me believe that gold is a safe investment
full member
Activity: 537
Merit: 100
August 19, 2018, 11:43:38 AM
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?
In order not to lose my savings, I recommend investing in gold. One of my friends said: - How did a one-room apartment 30 years ago 1 kilogram of gold, and now it costs 1 kilogram (in my country) ...
member
Activity: 189
Merit: 28
August 19, 2018, 11:18:53 AM
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?
Try to put some of your money in emergency fund because that the right thing to do. Your health is more important that your wealth. So make sure you invest to that before you do anything else.
sr. member
Activity: 658
Merit: 250
August 19, 2018, 11:06:54 AM
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?
there are a lot of choices in investment but if you want to follow the latest and hot trend is in cryptourrency, you can trade and get a lot of money but you have some risk that you will face
member
Activity: 252
Merit: 10
August 18, 2018, 11:49:06 AM
It is important that we think about our future in the first place, as for me, I would like my savings to yield a passive income. I would like to get a good profit from this, so I believe that investing now will be effective.
newbie
Activity: 159
Merit: 0
August 18, 2018, 10:18:43 AM
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?
all you have to do to save money is to keep it as long as possible, because savings is for our future, so don't try to use savings for useless purposes ...
use the savings to benefit the future ...
member
Activity: 315
Merit: 15
August 18, 2018, 09:51:07 AM
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?
Savings are supposed to be used whenever there is an emergency occuring and for the security of your future. Spending it all at once for investment will not be a good idea so the best you can do about it is to spend only partial of your savings so that even your investment fails, you will still have something left to spend if something happens.
member
Activity: 120
Merit: 10
August 18, 2018, 09:23:43 AM
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?
in my opinion, if money has been saved, it's better to leave it alone, because if we don't know what will happen, the money that has been saved is used up because it is used in a bad investment and we can only lament our savings money just gone ...
so if it's saved, leave it alone until we really need the money, then we take it ...
full member
Activity: 431
Merit: 100
August 18, 2018, 09:05:34 AM
Don't use your emergency fund to invest in cryptocurrency.
Because such things are very risky in losing your emergency fund quickly.
It's best to use it for wise things, like investing in gold or leave your money in savings.
Because its an emergency fund.
sr. member
Activity: 2156
Merit: 251
Binance #Smart World Global Token
August 18, 2018, 08:56:04 AM
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?


If I were you, I invest here on bitcoin to have a better earnings and to saved money for my future and to have a better life also. I want to experience a better life and also I want to experience my family a prosperous life and to have a good schooling my sisters.

It's not wise to do, although it's very recommended. Saving money which mean money that you can use when something happen/unexpected happened, so spending it on investment not a good idea, it's highly recommended to use money that you can afford to lose so there's no problem when you lose your investment. So it's better to keep your saving idle all the time till you need it when you're in emergency situation or use it for your future purpose.   
newbie
Activity: 65
Merit: 0
August 18, 2018, 08:51:43 AM
It is better to invest your savings in securities. For example, by March, compared to January of this year, the amount of money contributed by the population invested in stocks, bonds and other securities increased by 239 billion and reached 3.7 trillion
full member
Activity: 323
Merit: 100
August 18, 2018, 08:35:51 AM
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?


If I were you, I invest here on bitcoin to have a better earnings and to saved money for my future and to have a better life also. I want to experience a better life and also I want to experience my family a prosperous life and to have a good schooling my sisters.
legendary
Activity: 3374
Merit: 1824
August 18, 2018, 08:24:27 AM
There are many ways to use your savings and earn profit.
Some ways are slower but more safe like keeping money in the bank account or buying property.
Other ways can bring faster and higher profit but they are also more risky like investing in markets, trading etc.
It's up to you to decide how much you are willing to risk or wait for some concrete profit.
member
Activity: 420
Merit: 11
August 18, 2018, 08:05:30 AM
An important factor in making a profit is to constantly start up your savings to buy new coins for a better turnover of funds.
member
Activity: 243
Merit: 10
August 18, 2018, 07:57:40 AM
I will keep my emergency fund as it is since it was really alloted for that particular reason, and I will just save separately for investments fund.
Yes I agree with you. The wise thing to do with your savings is that you build a business you want to be able to gain more money because business is also the key of the rich people today. Spend it in a good ways that you can benifit more.
newbie
Activity: 40
Merit: 0
August 15, 2018, 12:37:32 PM
In cryptocurrency, the best thing you can do with your saving is to invest it into a legit project or a business that would surely gain profit from it. You can also invest here in crypto and im sure you can earn more from what you are expecting. But it need more information about the concept of crypto community to avoid from scammers. Any thought?
full member
Activity: 322
Merit: 107
August 15, 2018, 03:41:37 AM
We have lots of expenses in life even though we have a salary in our permanent job,still those are not enough to sustained everything.We need to manage it and save for our savings for some future purposes.Me to sustained everything I have may salary and a part time job from crypto to earn more money.We need it for emergency purposes we need to work hard.
hero member
Activity: 2674
Merit: 585
Leading Crypto Sports Betting & Casino Platform
August 15, 2018, 02:22:40 AM
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?

i think savings has a lot of layer , like save some for emergency fund, save some for  investment
emrgency funds should not be invested  it should be available anytime thats why its called an emergency fund because it would be use in unexpected situation or event that needed financial support.
Modernism of currency made it easy for everyone to say hello to your profits and that is quite difficult to do with traditional sources in which more hard work is required to make an end. Savings is a best option to set for your investment because it will not affect your works that you perform in your life so you will not see any financial crisis. Knowledge with starting amount is two necessary requirements once you succeed then you are investor in real meanings.
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