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Author Topic: Wise thing to do with your savings.  (Read 7659 times)
Labajah
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May 27, 2018, 03:05:37 PM

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?



20% of earning is enough to be put into emergency fund. i prefer investing the emergency fund into a safer investment and where i can use it when needed. it is very important that you can use the money whenever you want so you will not have to waste time searching for one.
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Prettyme
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May 27, 2018, 03:06:18 PM

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 wise thing you can do with your savings is to invest it with real estate properties just like land or use it to build your own business. If I would be the one who has a lot of savings I will use it to build my business because I believe that in the future this would be worth it.

emily666
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May 27, 2018, 03:07:52 PM

I'm currently 1/3 in crypto. I only invest in ico's or some undervalued alts which I did in ICO.
microwave
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May 27, 2018, 03:09:51 PM

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 is to start a business so that your money will be circulating. Also, avoid buying things that are not necessary and stay away from malls. If you have further funds it will be good to invest to a bank so that it will be more secured but if you are willing to take the risk and earn much bigger compared to what banks can give then invest in a crypto.
Juliedarwin
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May 27, 2018, 03:18:29 PM

I want to have my own knowledge to get start with my own business. Knowing how to manage with it,. And how to manipulate and rolling my own money with my own business. So that someday I can finally say that iam wiser than before to create my own business with a successful savings.

Jmabion134
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May 27, 2018, 03:24:59 PM

i think you should invest your money because it will multiple your money will adding invest it in bitcoin your money is safe from bitcoin and im sure you will be profitable
Nylesor
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May 27, 2018, 03:27:18 PM

For me as a married person and soon to be mother, the best thig to do with my savings is to start a new business as our new and additional source of income, second is to invest in real estate, to buy our family our very own safe haven the one that we can call home and third to save for our future immediate expenses.
bitcoinFPT
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May 27, 2018, 04:39:12 PM

I think it's best to have a nest egg worth three months of your salary, this will be used when you lose your job. Next is getting insurance, growing up and maturing it is good for you.
you should not sent all of your money to bank because The bank's margin is too low, take half of the money invested in bitcoin to make a profit, but remember that And do not forget to study the market to make it effective
krishnaverma
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May 27, 2018, 04:44:44 PM

Always leave soe money for emergency, especially if yo have a faimily.

With the rest of the savings, you can do investments in different fields as per your skills and experience. If you want to get started with crypto, do proper research and study otherwise you will be just gambling your hard earned money.

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May 27, 2018, 04:56:37 PM

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.

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May 27, 2018, 05:21:27 PM

the best possible way to minimize risks is not to trade everything you have. It is better to hold the part of your savings and then to trade the part that is equal to 20-30 % of your income. I am going to follow this strategy

Wonder_woman
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May 27, 2018, 05:27:44 PM

The wisest thing to do with your saving is to circulate it in the market, if only you are wiling to risk to earn more bigger profits because if your money stays only just for saving, it will now grow.

Maestro75
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May 27, 2018, 05:37:18 PM

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?
20% or 10%, you need to make a strong decision to save that percentage, and it should be before spending a dime from your earnings.. Otherwise nothing would be saved at the end of each salary circle. I know many people will say they don't earn enough to save anything from it. That is not a good excuse not to save. You have to try and do this.

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Kambal2000
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May 27, 2018, 06:06:00 PM

The basic things that I am doing is I don't go often in mall, I still go hang out with my friends but making sure that I don't have much money in my pocket and just bringing what I need, then always putting in a bank the money that I still don't need and just withdrawing it I need it already.
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May 27, 2018, 09:21:14 PM

I'm currently 1/3 in crypto. I only invest in ico's or some undervalued alts which I did in ICO.
well, I do not think that investing your money can be considered as a wise thing to do. Instead of investing our money in ICO, we should invest our money in undervalued coin. I think that 2018 is not a good year for ICO to grow. It was in 2017 when all ICOs are awesome

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apolonio
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May 27, 2018, 10:13:12 PM

My thirty percent of my savings will be invested in crypto currency,. Then fourty percent will remain in my savings as money thay will use for future purposes and the another 30% will be on hand that will use for daily expenses and monthly bills.

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May 27, 2018, 10:36:41 PM

it depend on your decision, if you want to take the risk and you want to increase your money, of course you can invest your money in crypto but if you do not want to take the risk, you can just let the money sleep. as we all know, invest in crypto is profitable but the profit is proportional with the risk.
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May 27, 2018, 10:57:05 PM

I don't want to sound stereotype, buut of course I would suggest that you put the half of it in bitcoin (or in bitcoin cash); Why? - because it would definitely grow every year without fail. No matter how many people talk trash about it, nobody can deny the fact that it's promising profit attracts noob investors - and with them where we dump our investments. ha ha!

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Elexsis
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May 27, 2018, 11:00:37 PM

The wisest to do with our savings is we should have a good decision like one half of your salary goes in the bank while the other half will be saved for other expenses, you must know how to controlled and have a decision that you won't regret someday.

richminded
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May 27, 2018, 11:06:59 PM

For me as a married person and soon to be mother, the best thig to do with my savings is to start a new business as our new and additional source of income, second is to invest in real estate, to buy our family our very own safe haven the one that we can call home and third to save for our future immediate expenses.

Setting you goal is the best thing you can do with your savings, know your needs and wants. Savings might not give you so much profit but you can use it as your capital on the things you want to build. Doing 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, find ways on how your money can gain profit.

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