I agree with that reason saving some small amount of money to prefer for some emergency needs is the better way to prevent yourself in rushing yourself where to get some money for the payment. So better to think and plan your money that you will invdst that you can prefer in things that will gonna happened in your daily life.
This is an important decision and one has to be more than wise in making this decision. Savings have to be invested in an asset which gives you good future return and of course have good stable prices. You can also invest in bonds and there are many types of bonds that give you different profit ratio. One should never invest all his savings in crypto because the crypto market is uncertain and anything can happen.Savings gives you nothing but security. A lot of people know its zero to little capability of giving you profit. Your money will not grow if you focus on savings. The wise thing to do is to invest it. It could give you double or triple in return.
