It is good to invest in Bitcoin or cryptocurrency but the emergency fund shouldn't be invested any where, we have percentage meant for investment. In some countries exchanging cryptocurrencies to fiat do take time and do not operate during weekends.
I think the wise thing you can do for your saving would be invested in profitable project and maybe you can also invest in bitcoin cryptocurrency. But ofcourse don't invest the whole saving. Keep something for emergency purpose and mucb better invest in health insurance. For family and kids you can also invest for kids educational plans. 
Topic: Wise thing to do with your savings. - page 78. (Read 8196 times)
It will be wrong to save to just have cash stocked somewhere but it will be a cause of wisdom to save for reinvestment purpose,currently i am working hard to save so that i can buy plots of land for animal husbandry which is my dream investment idea
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?
just invest your extra money, do not use your funds for emergency, those kind of savings are intended for emergency only, we all know that investing in crypto is highly volatile and risky, it is recommended to invest only the amount you can afford to loose and definitely emergency funds are not included. investing in long term is different than saving money to sleep until such time you will need it, be wise.
Well there's a reason why it's called emergency fund though. If you're left without much option, it's something you can dig into. Basically for emergency purposes. You can't do that if it's under time deposit in a bank. Or if it's undervalued because of a volatile investment. Personally i'd rather maintain a certain amount as savings by itself.
For me the better thing to do with saving is to plan with this saving or make a strategy on where we should put our saving. On my situation what I am doing is that I am diving this with for emergency, for vacation and travel, for investments and for future expenses for family. We must have a guide on where we should put our money because if we will don’t have a guide surely this will all goes to vices. This is our saving that is why we should take a good care of it if we don’t want our hard work to fall in to the wrong places.
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.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?
Yes I agree with you, emergency funds from our savings are must be use for emergency happenings, for us to have something to get urgent, and bitcoin is a great help to increaseOur savings.
Never deposit an emergency fund in the form of deposit because you will incur losses if you have to take it before the specified period. I prefer the option to invest in this gold more guarantee and more durable.
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?
actually making money sleep (saving) is not the right choice, your money will not increase, it's just that you don't know when your sudden needs come...I prefer to invest into cryptocurrency, anytime if the sudden need comes we can still sell it. 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?
Normally, we make saving for the purpose of our future expenses. It can really give us many benefits not only for emergency but also in other unexpected things that will happen in the future. When we started to saved, its already a wise decision and thinking of the future is much more advantage.
If you invest your savings in something valuable that is the right and wise decision because saving you amount in banks will cut the annual cost and some banks are even cutting the monthly cost of your bank account and this way is not frictionless. You need to find a frictionless way for your investment and which make easy transactions for you which is the modern coin called the Bitcoin and some more are also in competition.
OP, note that not all savings should be channel into investment because we have different types of savings such as precautional and speculative savings and there is savings that is meant for investment.
I prefer the 30% concept of earnings. 20% I use for investment and the 10% I use for the reserve fund and I keep it in savings.
That was so awesome and if you are able to pull this, you would be safe whenever any kind of emergency appears. Savings are important for surviving in financial crisis. Moreover, a person who is not just saving his money but doing it in the form of bitcoin or bitcoin cash will be doubling his amount too. No doubt, it is a very beneficial and wise act but only few people are really capable of doing this. 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 you put your savings to investment, then you surely see the difference, Previously a had small amount of saving in my pocket and I invest it in crypto's about 1 week pass, I see how crypto's work in my savings and I'm glad i earned good amount after bloody market strikes, 
It is no doubt not an easy thing to save your money and that it takes a lot of courage to do so. If you have managed to save your money, then you need to spend that money wisely so that you may not end up wasting that money. It is better not to use that money if there is no such kind of emergency and that you need to use those savings either for investment purpose or for the using it at the time of the need. 
As to your savings that you have kept in your bank accounts for a long time, think of it if you already have a satisfying profit. If not, then it's best when you invest it in cryptocurrencies but you must have to be at least a risk taker before you are going to engage in crypto investment.
It is good to invest in Bitcoin or cryptocurrency but the emergency fund shouldn't be invested any where, we have percentage meant for investment. In some countries exchanging cryptocurrencies to fiat do take time and do not operate during weekends.
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?
Form me being Bitcoin user joining always in signature campaign of course there is a reward after the end of the said campaign. so all my token is only my saving that's what i do it while it will stay in myether wallet at the same time there is a profit if all coin are going to higher then if i want to spend money I just sell some of my token to cash out to buy some that i nedd but all in all my savings is almost my long term investment in my ether wallet.
Saving money for emergency purposes atleast 20% of your monthly income is good investment, I think. I do this, but I dont use it for any other purposes. Maybe the best thing to do is invest only with the spare money you have, that means, minus all the expenses ou have monthly.
There's a lot things to do in your savings, first you can also do a business. And this is better on what the world change now. And you can invest it to earn more for your future family, Always think for your assurance to have a good life.
For me thing to do with your saving, is 50% is on the bank. That you can withdraw anytime in case of emergency and 50% invest in crypto to earn more profits for the brighter future.
For me when we say savings it is really intented for saving it, and also for future use, it's not for investment nor for spending. But if you really want to invest I suggest not to touch your savings, you should have a spare because I won't put a risk specially if this is for savings.
I will never be interested in saving money in banks, this is because savings in the banks do not get any benefit, wise in saving of course is divert money to various types of investments such as stocks, gold and cryptocurrencies.
There's a lot things to do in your savings, first you can also do a business. And this is better on what the world change now. And you can invest it to earn more for your future family, Always think for your assurance to have a good life.
For me thing to do with your saving, is 50% is on the bank. That you can withdraw anytime in case of emergency and 50% invest in crypto to earn more profits for the brighter future.
There's a lot things to do in your savings, first you can also do a business. And this is better on what the world change now. And you can invest it to earn more for your future family, Always think for your assurance to have a good life.
Business is pretty amazing, investing is great in term of profit making. Saving is not that profitable especially if you put it in the bank so make sure not to put too much money on your savings, it in a time deposit account if you already have crypto investments just so that you can be sure that your emergency funds are safe from the volatility of this market
For me it is great that your savings will be put into time deposit saving to the bank so that it will earn a profit even in a little amount atleast. So in this way your money will be safe and easy to cash out when theres an emergecy to address to. But it is good also that you will take a part of it for crytocurrency investment as this investment platforms have a profitable results.
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