Topic: Wise thing to do with your savings. - page 67. (Read 8196 times)
It's good to think that your savings woud go in productive purposes but do you think your savings reach its true purposes to you? What I'm trying to say that your savings can be use in some other scenario like emergency or something. It is one of the most key to achieve being financial literate remember.
Investment in a trusted and safer project, by doing this you still have your savings and the same time you earn from it. All you have to do is do some research find the best project for your investment.
For me, the wisest thing to do with your savings is to spend it for emergency needs. You can also invest it so that your savings will grow. but make sure that you are sure where you will invest your money. and when you see your earnings, do not spend it to buy some things that you want, just use it to more important things.
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.
I believe that is good enough for me, as being greedy should not be a thing in this world and having sleepless night over how the market is as well. The 5% is huge and good enough, and for the long term benefit, it is just perfect.
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?
Well if your savings are big enough maybe you can divide it into two or allot a few money from it to invest so that it will increase but remember you can do it if you are willing to take the risk. If not, you can hold it or leave it as a savings or called it emergency savings so if ever you face such crisis you have a fund to back you up. We never know when that emergency will come.
it would be better to take some for savings and it's up to you whether you want to save in a bank in a deposit or save in a currency crypto in investment, the most important is you can benefit from your savings and you can take it for your needs
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 most wise thing to do with your savings is do not spend it and add more of it because they are savinga they cannot be spend in such unimportant things like luxury because you save that in terms of for example there are a problem or an emergency that ypu need money immediately you have a savings and you have money to get. Savings is an important thing especially today they must be implemented to all kids because they always spend a lot these day always diversify your savings and invest them for a futhermore income.
I think the wisest way to do with my savings is to invest on bitcoin. In this way I could save my money while gaining from it.
We all have different perspective towards a successful saving tips, and I think I will be on the safer way how can I grow my own savings, and one of the best things that I know is to start up a business which you are very aware and knowledgeable regarding all the pathways that it was related since we cannot grow faster in something we didnt know yet right? And keep saving although you have save enough keep saving so if you will be in a certain point that you have some money to borrow you can used your own instead.
Start saving on a regular basis using a Tax Free Savings Account (TFSA)
Plan for your retirement. Figure out how much money you will need to retire comfortably, and then start saving. This money also makes a great rainy day fund if you lose your job or suffer another unexpected financial setback.
Make sure you have enough insurance. Accidents happen. Natural disasters can easily cause thousands of dollars in damage to your home. Make sure you have enough insurance for the place you live and the lifestyle you lead.
Write a will and decide who will get your assets and/or take care of your children when you die.
Plan for your retirement. Figure out how much money you will need to retire comfortably, and then start saving. This money also makes a great rainy day fund if you lose your job or suffer another unexpected financial setback.
Make sure you have enough insurance. Accidents happen. Natural disasters can easily cause thousands of dollars in damage to your home. Make sure you have enough insurance for the place you live and the lifestyle you lead.
Write a will and decide who will get your assets and/or take care of your children when you die.
Wise things to do with savings is to invest, Money could easily lost if you mis managed it carefully, Specially now a days, all the stuffs in the market are increasing. Investment is good but make time to exert effort on how to deal that kind of investment because not all type of investment grows and run smoothly, make a wise choice before you decide...
Invest you savings. You can invest in any liquid and profitable asset. In my country, people invest in property businesses which are a profitable. You can also save your money in saving account in any bank. That way, your money will earn good time value and will not depreciate. Another good investment is investing in bonds issued by good companies nationally and internationally which give lucrative returns.
Savings is always a blessings for everyone in difficulties. So to rise up this savings I think everyone should invest it in a proper place . So that their savings got double or more and they get profit from it. Also they can use it when they need.
The wise thing to do with your savings, is to invest part of saving into a profitable business, thou never put all your egg in a single basket,always diversify your investment into different sector, e.g invest in bitcoin or others crytocurrency, Save your income for investment.
I save money for emergencies and something important and I have to save money for savings and not invest in crypto because if I invest all my money it will be very risky and I can lose all my money when the value of crypto I have down the price
I also never spend more than I can earn. Also, I am trying to divide all of the money into several parts - for emergencies, for everyday needs, and for investments. This method always works, and I use it.
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?
It depends upon to the person. Yes we all know that we can make our money to grow by means of investment but we cannot also deny that we can lose money with our investment if we do not know how to invest. Me, I invest but not all. I choose to save some of my money because like what you have said "emergency fund". It is difficult to immediately find money in time of need.
Saving is the first step in learning to manage your money. Learn to manage money while, also want to control oneself to outside world flower world "desire". Take 50, 100, or 200 yuan out of your paycheck account on a regular basis. Give yourself a bit of time to adjust to a life where you have less disposable cash than you used to, and see how you've changed. After 2-3 months, increase the amount of each withdrawal from the payroll account. I think it's a very good idea.
In the investment of course it takes patience if we want to get profit, and the presence of cryptcorrencies of course be the best solution to profit and better than saving money in the banks.
Wise things to do with savings is to invest, Money could easily lost if you mis managed it carefully, Specially now a days, all the stuffs in the market are increasing. Investment is good but make time to exert effort on how to deal that kind of investment because not all type of investment grows and run smoothly, make a wise choice before you decide...
Saving is the only thing which you can use at the time of need and that it is no doubt very much necessary for you to make some good savings by avoiding all your unnecessary expenditures so that you can save some more money. There is no such need of wasting those savings, instead the best thing which can then help you out is that you can go for investing that money into any such business which can help you in making more money. 
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?
For me the best thing that you can do on your savings is to invest it. Invest it to become larger amount of money cause we all know that its better to have a large amount of money. I think we should do that for our future. Too good to be true but we can do that soon 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 save money for emergencies and something important and I have to save money for savings and not invest in crypto because if I invest all my money it will be very risky and I can lose all my money when the value of crypto I have down the price
Wise thing to do with my savings is to make a good plan for investment in order to have a good successful savings, must be careful in making plans for spending money. Don't spent too much beyond your means.
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