Topic: Wise thing to do with your savings. - page 5. (Read 8196 times)
Do not sell the benefits is not, it will be better to keep
if I had at least a minimum savings I would try to keep them
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?
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.
If people spend less, businesses do not make profits. If businesses do not make profits they make job losses or they higher their prices. This can have a direct impact on a families disposable cash; it will decrease. Office for National Statistics, showed that without a sharp drop in household saving in the second quarter, there would be a drop in households' incomes. Therefore the ONS said that people should actually start listening to Government incentives and follow their encouragement to spend more. This way, they would actually increase their overall wealth.
Reference: http://www.bbc.co.uk/news/business-11426497%5D%5D
Dont buy to much with your limited income, save your money as much you can save. Buy only if you needed. You can save your money in the bank some bank have interest, but this is small interest only. YOu can buy also in sale so you can save money. Save your electricity and many more..
diversify our money into low and high risk investment could make us safe this.cryptocurrency maybe could give us high profit , but we should have extra money to fullfill our daily needs if this investment working not well. 
In my experience, putting it in time deposit does not make you earn as much profit as investing it in stocks or bitcoin for that matter. The only benefit of putting it in time deposit that I can think of as this moment is that you can only withdraw your money at a certain point so you can be guaranteed that you will not spend the money on something just because you want to and you can.
I try to diversify my investments. Actually, I deal with the cryptocurrencies and I keep traditional money in the trusted bank. I also buy gold, silver, and platinum sometimes.
In my experience, putting it in time deposit does not make you earn as much profit as investing it in stocks or bitcoin for that matter. The only benefit of putting it in time deposit that I can think of as this moment is that you can only withdraw your money at a certain point so you can be guaranteed that you will not spend the money on something just because you want to and you can.
I try to diversify my investments. Actually, I deal with the cryptocurrencies and I keep traditional money in the trusted bank. I also buy gold, silver, and platinum sometimes.
Dont buy to much with your limited income, save your money as much you can save. Buy only if you needed. You can save your money in the bank some bank have interest, but this is small interest only. YOu can buy also in sale so you can save money. Save your electricity and many more..
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.
In my experience, putting it in time deposit does not make you earn as much profit as investing it in stocks or bitcoin for that matter. The only benefit of putting it in time deposit that I can think of as this moment is that you can only withdraw your money at a certain point so you can be guaranteed that you will not spend the money on something just because you want to and you can.
it would be better if we still have savings outside the cryptocurrency because if we have an emergency need it will be able to use it easily and not affected by the market price at that time, so I always take some profit I've got to save in the bank
the way you do is very good, save a portion of the profits just in case, if the market is in a bad condition. currently, the market conditions are in a downward trend, and I don't have savings, because my nature is too consumptive, this is what I really regret, and I really hope for the rising market conditions 
20% of the income I will deposit long term in the bank for my children later.
You know what that never really made sense to me. For me, you have to spend all of your money to your kids. You have to enroll them in the best school that you can afford, feed them the highest quality of food (take note: high quality foods aren't necessarily expensive; an apple is already quality food), go on a vacation with them, live in the best neighborhood that you can afford, etc. There's just no point to save for their future but then leave the present half-ass funded. By the time that they are 18, since they had a good education and they have a well-developed brain (because of the high quality food), they can fend for themselves already. You see incompetent people aged more than them and the reason for that is because they were never given good education and their foods aren't that nutritious. But this is just my opinion, of course. Give everything to your kids today, not in the future.I mean, would you rather have a child with no money but has great education, and has high IQ or a child with funds (from your savings) but has mediocre education, and an immature brain? I'd rather have the former.
(But of course I'm not saying you should not save for emergency funds, I'm just saying that you shouldn't save for their future. Work on their present so in the future they will be able to survive and make money by themselves. I'd like to add that wouldn't saving for the future of your kids would mean that you know for a fact that your kids wouldn't be able to fend for themselves in the future, meaning deep inside you're thinking you are not raising them well enough?)
20% of the income I will deposit long term in the bank for my children later.
The best way to do In your savings is to invest on bitcoin or in ethereum. Since its prices is low right now which is a good opportunity for a better profit gains.
If you have money that you would put on your bank account and you won't touch it for months, or you have money to put on the account each month so you won't spend it. Or if you have a problem with spending your extra money, and don't have a control to save it, it is best to invest in crypto currencies. That way you won't touch it for months or years and you profit will rise.
this way is very good, but it would be nice money in gold or digital assets to buy, to invest
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?
Investing in crypto is a risky thing, so many people say that you should not invest your last money since you can easily lose them all.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 would start saving money in a bank account and when there is enough funds I would buy a piece of real estate.
The wise thing to do with my savings is to invest 60% on safe investments like buying real properties which has the pontential to become prime lots and 40% on btc or other alts which are also the potential ones. I'll choose from top 10 alts.
we really have to be wise with the money we save and there must be funds for something emergency and also for the future so that our future will be more secure and not worry about the needs
if you set aside the money for an emergency then it is as good as a tube as usual and if you want to invest then you have to have other funds because in my opinion any investment must have a risk and we never know we will get a profit or loss.
In my opinion, wise thing to do is to start up a small business and learn the art of investing. In times like these, interest rates on a bank savings account is very low, not to mention withholding taxes, very frustrating cause your money cant grow that big on a bank.
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