Topic: Wise thing to do with your savings. - page 84. (Read 8196 times)
Thats a good and wise concept, but it is hard sometimes...%20 is not small amount of money for somebody to save
I understand that we have different ways on how to use our savings or when we will gonna spend to the extent that we will not regret our own actions. In my case, I still prefer my savings to be kept somewhere safe since I know for a fact that I will be needing that in the future. I also like the idea of investing my money to some crypto related business especially if I have the knowledge and extra money. For as long as I doubt in a certain thing, I would not continue doing that, on the other hand if I am sure enough then I would go for it.
For me its good if i invest my savings on bitcoin because theres a chance to growth my savings because of the huge profit in the future so for me that is the wise strategy if you like to growth your money and you have a chance to become richer so if you planing to growth your money its nice to invest now in bitcoin.
I can't say that it will really happen because some of the things that we planned are not happen like we plan. What if there is an emergency the invest that you are saying for sure it will be pull out right. So instead of investing in some kind of profit program just trade it when you have a free time.
The wise thing to do with my savings is that I will spend half to reserve the rest. I will use it to invest in digital money that can buy it or invest in the ico program that I See it practical and promising.
I understand that we have different ways on how to use our savings or when we will gonna spend to the extent that we will not regret our own actions. In my case, I still prefer my savings to be kept somewhere safe since I know for a fact that I will be needing that in the future. I also like the idea of investing my money to some crypto related business especially if I have the knowledge and extra money. For as long as I doubt in a certain thing, I would not continue doing that, on the other hand if I am sure enough then I would go for it.
For me, I will distinguish between the money I save as the savings with the money I will invest. Because after all savings is the money we need for a sudden or emergency, while investment is the money we save to make a profit.
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?
I think it is wiser to invest your saving into 3 to 4 crypto to make it safer from any fluctuation because if other coin fluctuate we still have have other crypto invest to trust that can help recover your losses.
One of the best way to do with my savings is to invest.Put an investment on something that will be benefial.Half of the savings stay on the bank account while the other half would likely to invest on business.Put up a small business like store,cafeteria or even a food cart and surely,this business is a good thing to do with my savings.
Agree with you. I think investing is also important for your finances. if you have enough deposits. it might be good if you also allocate a few percent of funds for investment. it will be very helpful for additional income for you. besides making business is also a good idea but it takes a large capital and dare to take risks 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?
I believe the wise thing to do with the savings is to find ways to invest and the best way i think is to invest in crypto market because crypto market is very popular and most referred by so many experts today because of its profitabity.
I think saving investment are both different. For saving I only keep apart of my money to emergency need. And for investment I'd like to take my wealth wisely to get the future profit better. But I do both of them sure.
Maybe yes if it would become and emergency need in any sitiation but for investment the amount I think is not enough to gain more profit I'd like to set aside as much as I can. Don't be drowned with the trend to spent my money I have to think my future.
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, I use to buy all my saving in buying a profitable cryptocurrency so as years passing by our money will continue to increase which we can be use to buy things we really need. 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 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, 
One of the best way to do with my savings is to invest.Put an investment on something that will be benefial.Half of the savings stay on the bank account while the other half would likely to invest on business.Put up a small business like store,cafeteria or even a food cart and surely,this business is a good thing to do with my savings.
I think Emergency Fund should not be a percentage. The point of an emergency fund so that in an emergency (such as losing your job, natural disaster, etc.), you have the reserves to survive until you can bounce back.
you probably have quite a few financial goals.
They’ll all have different timescales, which means you might want to do some saving and some investing. That’s why it’s important to make a plan.
They’ll all have different timescales, which means you might want to do some saving and some investing. That’s why it’s important to make a plan.
It is good to accumulate money, but do not forget to spend it sometimes, because why do you need money if you do not spend it.
hi sir. The issue here is not about spending but investing the saved money. But thank you for that great reminder to enjoy the fruits of your savings (if this is what you are pointing to )i agree with spending, but we have to make sure that we dont overspend and do it not often. Spend wisely. Invest wisely also.
Its nice having a savings in life because in case of emergency situation you can have money to use no need to worry about but if you have more than that you can try to invest in bitcoin it may double your money.
dont put all of your saving to invest in bitcoin.for emergency situation its very dangerous and could not liquidate immediately.but if you take it some , it could be good for your money earning.
For me it wiser to say that bigger portion of your savings should be invested in a business than keeping it in bank.
Its nice having a savings in life because in case of emergency situation you can have money to use no need to worry about but if you have more than that you can try to invest in bitcoin it may double your money.
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