Wise thing to do with your savings. - page 39.

SkustaClee

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Quote from: Pumapipa on May 25, 2018, 01:03:52 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?

It is not good if you will just save your money in your cabinet or wallet. If you have a lot of savings, then you should invest it. The inflation rate is always in our economy, if we do not want our money to lose its value; then we should invest it.

TirexXS

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There are many stock options in the market that allow sustained growth to be sustained albeit very slowly. It would be better than just leaving your money in a risky investment or just letting it sit under a mattress somewhere because at least you collect some interest, If you generate 1 million a year, you sure do not dedicate 200 thousand of it to an emergency fund. Which brings me to my next point: the richer tend not to require emergency funds, because they keep some of their value in liquid assets as in real estate. In an emergency.

Sled

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Bitcoin- in bullish time

Quote from: Jesabela04 on July 02, 2018, 01:42:04 AM

Quote from: Pumapipa on May 25, 2018, 01:03:52 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 am just planning to put it into another investment because it is best to make a good gain out of our savings. Rather than storing it if were not using it, then it is important that were earning from it. I believe that we might sometimes be needing money and having an investment is an advantage.

I agree with that, it is best for us to have a source of income rather than a sleeping money in the bank or any place that we stored our money because it will just lose its value and it is not the best thing to have and it should be best for us to just invest our money and just keep a few percentage of our money for emergency purposes.

shekinahmarie13

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Invest in mutual funds with lump sum. Choose between short term or long term debt mutual funds, which offer good returns overtime.

Wong owah

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if I save it is mandatory, because if we save can make our old stock later, if you have money should never in one use, if you have money should be in the tube.

Kamote29

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if you asking about the wise thing to do with your saving, the absolute answer is to use it as you want at first, and for the next thing is to search for good investment to yourself. Investment could help you in many things in the future. Be sure not to wasting your saving in some useless investment.

Jesabela04

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BountyMarketCap

Quote from: Pumapipa on May 25, 2018, 01:03:52 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 am just planning to put it into another investment because it is best to make a good gain out of our savings. Rather than storing it if were not using it, then it is important that were earning from it. I believe that we might sometimes be needing money and having an investment is an advantage.

geopolisch

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Quote from: Meowth05 on June 28, 2018, 10:19:36 AM

Quote from: Exeus on June 28, 2018, 04:21:07 AM

Quote from: Bastok on May 25, 2018, 03:01:10 AM

Quote from: Kolly on May 25, 2018, 01:41:54 AM

Quote from: Pumapipa on May 25, 2018, 01:03:52 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?

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.

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

You have a point we don`t know what exactly will happen so we should have an extra money for emergency funds, as what you have said in terms of emergency we have already available funds to it and having a mindset of saving the money in the bank is good, but if you want your money to become more efficient in the future you can invest in crypto.

You have a point, it is better if we will sort out our money into different ways like the other one can be save for emergencies, other one will be kept at bank and maybe lend on a business. Everytime we get our salary or income always remember to divide into pieces thus, the money will not be problem in case of emergency.

As long as you are an investor, that is good in your case. This is one of the wise things to do with your savings and to invest it in crypto that gives you some good future return.

The best crypto to invest in is actually Bitcoin and ETH for long term. However if you little to invest, you cans go for crypto like NEO or litecoin that will incur you some good money upon cashing. You should also invest in property and real estate as the risk attached to these assets is very low.

darewaller

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I have always supported the logic of "invest x amount every month". You can invest an extra 100$ every month and buy some coins and put them aside, never look at them until you really really need them, never even touch them unless its emergency. That way price going up or down doesn't reflect on you, you bought when it was high but you bought when it was low as well.

You averaged it and now you have a lot of it in case you need it. This way you can invest into multiple stuff not just stuff related to crypto as well. A real all around life lesson where you can invest on crypto, stocks , gold, hell real estate after a while I suppose.

Btc_1856

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Every time it is not good to invest all the profit we made because we are a human being and we don't know from which source we are going to face the problems. So it is always good to save some percentage for saving in order to protect ourselves when we have some problem.

coynedterm

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Quote from: Pumapipa on May 25, 2018, 01:03:52 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?

Here this is better that if you save a part of your earnings in your pocket for the future Investment in the cryptocurrency market again at the time of the emergency .
Right now here what I am doing will surely clear that how I am growing myself economically as well as lowering the risk of the Investment . Usually the amount of earnings that I am doing , split into 3 parts .
First part of earnings get back in the Investment again in the crypto so that I can grow my business of trading more and more .
Second part of the earnings sell for the Fiat currency and put in the bank for the practical need in my life .
Third part is also saving , but in the form of bitcoin and I uses that bitcoin during the emergency of the need in trading , so that I don't need to beg to anyone for bitcoin for short or long term .
These steps are clearly making me more strong bitcoiner .

bitcoinveda

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Quote from: Roboabhishek on June 28, 2018, 04:24:35 PM

Quote from: shulio on June 28, 2018, 01:16:59 PM

I prefer that %20 of saving part should be keep safe until the crypto currency market enters bull market. Otherwise that %20 safe saving will be lost.

Well, I like to invest more rather than storing them on my wallet. I always buy coins from my profit and salary. I know saving is good but we should do some future planning.

Not only bitcoin but all crypto curries are risky they're volatility which means my money can increase and decrease.

Yes, there are possible chances either the price may increase or price may decrease everything depends upon buyers and sellers. So, i think some part of our investment profit should go for savings otherwise, it will tough for us to keep on investing.

Dewao

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Qravity is a decentralized content production and

Quote from: RudeeTam on June 29, 2018, 05:03:05 AM

IN my experience, it really depends on your appettite in earning money. You want to keep it relatively safe? Put it in a time deposit. You'll know your possible gains but it will be lower than if you invest in crypto. NOw if you do invest, it will be riskier. But the possible gains is higher and you have hold of your money.

Invest your money in crypto when you really sure on it, when you know how risky you are joining them invest but don't put all your money because you need to save some of your money just in case of emergency .

RudeeTam

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IN my experience, it really depends on your appettite in earning money. You want to keep it relatively safe? Put it in a time deposit. You'll know your possible gains but it will be lower than if you invest in crypto. NOw if you do invest, it will be riskier. But the possible gains is higher and you have hold of your money.

@baracitamon

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If you dare take the risk then invest in ico, you can quickly become rich if you choose to invest in electronic money. So saving money will not lend to you.

bhordz357

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RealtyReturns

Quote from: player514 on May 25, 2018, 01:20:22 AM

Quote from: Pumapipa on May 25, 2018, 01:03:52 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?

You could (and probably should) put it into some form of a safer investment. There are a lot of stock options out on the market that allow for pretty continual growth albeit very slow. This would be better than just leaving your money in a risky investment or just letting it sit under a mattress somewhere because at least you collect some interest. As you keep making money, you'll end up with more in that emergency fund until it becomes something that you can actually work with in a few years/decades.

Well for me savings should be wisely divided into two things there's should be long term savings and short term savings. In long term I can put it to a time deposit for future use. The short term is the money that I used to invest and roll for a day to day transaction. This is also include as emergency funds if case calamity stuck or some emergency bills needed to be settled immediately.

Saiful Islam777

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Many people keep some parts of the income in store. So if some savings can be accepted as a deposit, it is possible to invest freshly with that money.

gerald246kru

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The best and wise thing to do is save your bitcoins and altcoins until you get a huge profits and benefits on it. Investing is fine and that is something that you should do but the problem is that many people do not take anytime at all to learn something about the market in which they are investing so it is better to take things slow and avoid investing in so many markets in a short time frame

think3214

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Well, as they say make the best out of it,and I think that's to diversify the money that you have save to different entity or way for it to grow, but take note risking is not same as throwing your money. Saving to me is never a good thing. Instead of saving, I invest my money. Real estate can bring you a stable profit every year. Gold never lose its price no matter how bad the economy

xxlouisxx

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The best things can you do is to invest your money. Expect the funds for the emergency because you don’t know what will happens. Investing in bitcoin is a long term you have to wait the cost will be increment. Emergency situation cannot be predicted. You have to separate your saving and investment because when in that situation, even you lose profit or having small

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