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Topic: Wise thing to do with your savings. - page 75. (Read 8220 times)

member
Activity: 308
Merit: 10
May 31, 2018, 08:29:33 AM
yes, I have to save some 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, I save some money for emergency and something important
Yes it is very wisely thinking and that's why you should make a lot of money for future but i will give you one advice that if you invest your money in any cryptocurrency so you will never lose your money specially in bitcoin because some time its price up and down but after some months its price going to high and you will get a lot of profit.
full member
Activity: 420
Merit: 100
May 31, 2018, 08:17:48 AM
yes, I have to save some 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, I save some money for emergency and something important
hero member
Activity: 1722
Merit: 528
May 31, 2018, 08:06:35 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 the best tging to do with yoir savings is make some actual business. In this idea can still earn money and you can also gain profit. You can incest in bitcoin as well do a business for you to gain another profit from it.

What do you mean by this statement? The best thing to do with our saving is to make an actual business? Well, it depends on that certain investment since building your own business needs a good investment or capital. Can your savings cover your expenses on that business? Or you still a loan to a bank, if that is the case, I don't think it is good idea to build your own business.
full member
Activity: 551
Merit: 100
May 31, 2018, 07:31:27 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 emergency money should be there, because the emergency money that we use as our needs when urgent, because the urgent thing that we can not guess. so we also need to save and on the other hand we also have to try to get more profit, that is by using part of our profit as investment also very necessary.
newbie
Activity: 43
Merit: 0
May 31, 2018, 07:11:27 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?

Imvest it in a time deposits that has big interest rate. Roll Eyes
member
Activity: 133
Merit: 10
May 31, 2018, 07:09:36 AM
I have never tried investing this days. I only save my money in the bank and usually withdraw it if i needed. Investing now is very risky and theres so many fake ICOs are starting, im just afraid for now to invest. My savings is more safe in the bank.
full member
Activity: 413
Merit: 105
May 31, 2018, 06:58:04 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?

In my opinion the best tging to do with yoir savings is make some actual business. In this idea can still earn money and you can also gain profit. You can incest in bitcoin as well do a business for you to gain another profit from it.
member
Activity: 330
Merit: 10
http://www.daxico.com/
May 31, 2018, 06:02:51 AM
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.
member
Activity: 238
Merit: 10
May 31, 2018, 05:26:45 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 it's for your emergency fund then you should not use that to invest in a too risk and volatile investment. Your money might be trap when the market become bearish as you can't sell it unless you will accept that you loss half of your money. Invest only to the amount that you can afford to lose and don't be greedy.
jr. member
Activity: 235
Merit: 1
May 31, 2018, 05:11:02 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 by allocating 20% of our income as an emergency savings will be very useful to anticipate if one day we need it. and the method is very wise to apply in the current lifestyle.
full member
Activity: 448
Merit: 107
May 31, 2018, 05:08:57 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 the safer thing to do with your savings is just save it. Think of it as an emergency savings. We never know what or when the emergency occurs so better have a lot or enough emergency savings. Also, having this kind of plan in your money you can prevent and avoid some negative effects in your budgets.
I agree mate what belongs to emergency is for emergency only do not touch it for investing in crypto currencies due to voalatility of currencies it might happen that what have you put in will fall down when you needed it most the value here are unpredictable that is why I agree with to keep the money safe which intended  for emergencies.
legendary
Activity: 1946
Merit: 1100
Leading Crypto Sports Betting & Casino Platform
May 31, 2018, 04:34:04 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?

I think the safer thing to do with your savings is just save it. Think of it as an emergency savings. We never know what or when the emergency occurs so better have a lot or enough emergency savings. Also, having this kind of plan in your money you can prevent and avoid some negative effects in your budgets.
Well, I kinda agree with you as emergency saving should be put somewhere that no risks exists and you can easily use it anytime. Because you couldn't imagine what could ever happen, it's best to store your emergency fund where you can touch it physically. But it's also not good if you exchange your savings into some kinds of currencies that have high rate of depreciation. So you should be wise with your savings.
member
Activity: 280
Merit: 10
May 31, 2018, 04:09:49 AM
I have read on this particular forum recently a scheme, I use in my life now.
10% of earning I give to church (tide) 20% I save in some bank or what (in crypto)
newbie
Activity: 56
Merit: 0
May 31, 2018, 03:57:25 AM
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
newbie
Activity: 196
Merit: 0
May 31, 2018, 03:54:45 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?


The best thing to do with our fiat money here is to invest in long term transaction with BTC because as of now like what other says that bitcoin situation this time is useless because of the stock price value in 7,000 to 8,000USD. so what we gonna do now is for long term investment.
member
Activity: 357
Merit: 12
May 31, 2018, 03:07:59 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 the safer thing to do with your savings is just save it. Think of it as an emergency savings. We never know what or when the emergency occurs so better have a lot or enough emergency savings. Also, having this kind of plan in your money you can prevent and avoid some negative effects in your budgets.
full member
Activity: 672
Merit: 105
May 31, 2018, 12:45:14 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 allowing the sleeping funds will only eliminate some of the value of the money itself, because in the future the price of the need price will be higher also its selling value, as well as we process our funds, for example, by doing business or invest it, in any form including into the investment of crypto currency.
newbie
Activity: 30
Merit: 0
May 31, 2018, 12:35:41 AM
If you have a family with kids, that 20% might not be enough. I do not think it is wise to invest more than 10-20% in crypto for such people.
newbie
Activity: 11
Merit: 0
May 31, 2018, 12:24:09 AM
According to my experienced 20% of savings is more advisable than from any techniques. 20% savings is not too hard to do but it gives us lightly feelings toward our monthly or daily savings. Also it is a matter of self discipline and trust for the better future
full member
Activity: 518
Merit: 100
May 30, 2018, 11:56:14 PM
I also agree with that idea having that kind if savings to support  some emergency needs your can get it easily without rushing yourself where to an extra money to pay in your bills. And making a plan to your money in the daily life is they best thing to make difference in making life better in the future.
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