Wise thing to do with your savings.

[betMaster]

I believe the best thing to do with your savings is to keep them for the hard time of your life. We all going to experience that situation and it’s good to have few funds under the pillow instead of borrowing from relative or friends or even worse:debts. That’s my humble opinion i don’t know what you guys think.

[V. J. Meyer]

I am prepared to put it in time deposit, to put the it in crypto currency is not advisable because that is my usual thing to do and for me if it is already intended to invest in bank I will not change it and besides it is better to put some of your fund in a safe place than put it all in the risky way.

I think cryptocurrency is a great place to invest money instead of banking or some other form of investment because cryptocurrency can be very profitable for investors in a short period of time. This is entirely possible if the investor has some knowledge of crypto and financial investments. Let's study it seriously.

[jcarlo]

I think it is foolish to invest your emergency funds to crypto. We are all aware of its volatility. Its value goes up and down from time to time and you might need that money any moment.

We should not put our emergency fund in any investment, its should be in the banks because its easy to withdraw. We should put only our idle money in cryptocurrency. We know cryptomarket is very high volatile and i think we put only money that we can afford to lose

[Leomarco]

The wise thing to do is we have to allocate our money for investment and good investment in my opinion this time is bitcoin with invest in bitcoin then our money will increase when bitcoin rise.

[Sled]

The wise thing to do is we have to allocate our money for investment and good investment in my opinion this time is bitcoin with invest in bitcoin then our money will increase when bitcoin rise.

Bitcoin is not the only good investment that you can try because there is a lot of good investment in your area or country. Investing is not a good one if you will just go for a one investment. You should also diversify and do some research in the internet to justify your options for investment so you will not get screwed up.

[EveryoneMATTERS]

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?

IMHO
spend it on real objects or people you love, share it, do not let it rot, buy things it simulates the economy everyone wins
if btc or usd crash you have objects you can use now, There is no point to save unless you are saving for a specified cause in which case if you have the funds you should be buying what you need for it and let letting it sit there and go to waste.

[gowobonyok]

saving is also a good thing for future savings. But if you want to be more effective is an investment. eg investment in the land, because it is clear that the price of land will never fall and certainly rise. purchasing the current land and for storage in the next 5-20 years is a wise thing.

[vickmediang]

If you can not predict the market, have a fiat backup but if you can watch and predict the market carefully. Invest into Crypto with the 20%.

[GokeVN]

Im still saving because savings is your funds for the emergency purposes and if i need to use my saving in investment , i go for poultry and farming because i think its good in my place but im still in online job like this to earn more and save more money for the future business that i want .

[Boromon]

For me my savings l used it to invest in a business so that l have a stable job for the future. And Bitcoin investment is one of the best investment that you can do. But before you make investment, I prefer to you to gather information first for you to fully understand what is bitcoin and what bitcoin can do.

[carcas]

I am used to setting aside some of my income to invest. I think the investment is very important for the long term. although only 10% of one's income if they use it in the investment is a very useful thing.

[Adhichan]

For me my savings l used it to invest in a business so that l have a stable job for the future. And Bitcoin investment is one of the best investment that you can do. But before you make investment, I prefer to you to gather information first for you to fully understand what is bitcoin and what bitcoin can do.

to run business and investing in cryptocurrency could be good choice for us.we have two source of income  for our money.one for long term and another one for daily.good combination for our life.

[Kamote29]

Its a hard decision to make. Nobody wants to let their money sleep and get some profit by the time. But nobody actually wants risk at that time when he is not worrying about that money and putting that money at any investment will put it at high risk. No matter where you invest it, it will always have some risk. In time like this people ofter choose banks as they do not have any other method left.

[Gaurav11kb]

Emergency fund should be invested in very safe and liquid funds like time deposits or some mutual funds where they are at least getting some profit/interest and you can withdraw them anytime you want. Keeping them under your bed with reduce their value overtime. Or its entirely the decision of the person with the money, he can do whatever he want with it.

[Coleth]

What i know is doing the best thing one is to give back to the Lord what is due to Him, second, since it is more beneficial to invest that keeping it to the bank. Investing has bigger interest than bank and what is not good this time are transaction fees in the bank where in fact we only have minimal interest but fees are too high. but if we invest in cryptos it will double or triple your savings. that is what i know and encourage to do at this point in time.

[ov3rflow9x]

I think the most important is we have a money on hand for emergency case. Just save a part of your money but do not let all money sleep on the bank, invest to earn more.

Good advice. Money must work on you. If you put them into the case, they would don't work and make benefit for you. You can invest money into perspective coins.

[Yadstiker]

Saving is never a wise thing to do. You should invest your money instead of saving. Saving is for people do not have the power to risk their money for a bigger profit. There are many places you can put your money in. The cryptocurrency is just an example. You can invest your money in real  estate, opening your own business, etc

You have a point it's no use if your money will be stock, an I think a better solution for it is to invest which makes your profit will become bigger.

[MrKubemm]

I think that the wisest thing that you can do in your savings is you should keep the 20% of it for long term savings or as an emergency savings and diversify the rest for investment purposes or making your money grow and that is the best for me since a lot of people are just comfortable with having savings but no investment which is not a good thing for long term basis.

[aditasetia123]

Saving is never a wise thing to do. You should invest your money instead of saving. Saving is for people do not have the power to risk their money for a bigger profit. There are many places you can put your money in. The cryptocurrency is just an example. You can invest your money in real  estate, opening your own business, etc

You have a point it's no use if your money will be stock, an I think a better solution for it is to invest which makes your profit will become bigger.

investing in various portfolios will make our money increase rather than just in the bank. although it has a risk, but it would be better if we use it to invest. we just choose a portfolio with a small risk.

[Suguha]

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, seperate it from the money you used from your everyday expenses. Don't use your saving in the things that you not needed, 50% of your savings should be preparation for emergency purposes and the other is for investing to make your money grow and to have more savings.