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Author Topic: Wise thing to do with your savings.  (Read 6122 times)
hermankoles
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August 20, 2018, 06:16:06 PM
 #1541

The savings that we have to be more judicious in using savings because we have can also be channeled as investment

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tulezua
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August 20, 2018, 06:18:55 PM
 #1542

No one uses their savings just to leave a seat or to send interest rates without using it for investment purposes. When using investment savings, you'll ask why not invest in Bitcoin or Altcoin sooner.

WhyBit
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August 20, 2018, 07:00:21 PM
 #1543

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
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August 20, 2018, 07:35:56 PM
 #1544

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 you are going to just save it. Put it on bitcoin but only the half of it so when you are having an emergency you can just use the other half while the other half can be increased in the cryptocurrency. Because when you all invest it or when you all put it on bank or storage it will not increase. The opportunity will just be wasted.



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vossybiglady
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August 21, 2018, 12:40:36 AM
 #1545

I would suggest diversifying your savings into 3 categories.  Precious metals (gold/silver/platinum /palladium), Fiat (yes I know it sucks but it is important), Crypto.  This is how I'm doing it anyways. 

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August 21, 2018, 02:48:55 AM
 #1546

The wise thing to do to our saving is to make your own bussiness so that the income will continuesly grow and then you earn a lot of money so that it can help you out in your needs in life.Thats one of the best to do to our saving.
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August 21, 2018, 03:24:43 AM
 #1547

If I have a huge savings right now, I would use 80% of it in two things. The first one is to invest it in a banks and the left is for the bitcoin investment. It would be a 50/50 and that would be a win-win strategy for me.

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August 21, 2018, 05:42:23 AM
 #1548

The smart thing that I can suggest is plan for your goal to guide you in to your success. Then, when you have enough money, invest and another one is keep you money for emergency needs. After investing in different businesses, make a savings and make your own business to keep your money become more.
Before you investing, you must know the how to manage your money properly. Lastly, invest your extra money in bitcoin (for suggestion)
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August 21, 2018, 08:49:11 AM
 #1549

Don't use your emergency fund to invest in cryptocurrency.
Because such things are very risky in losing your emergency fund quickly.
It's best to use it for wise things, like investing in gold or leave your money in savings.
Because its an emergency fund.

You know, most of the people do not have these emergency funds as you call them. I guess the best thing what you can do with your savings is to open at least a small business.

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yatogami
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August 21, 2018, 09:04:50 AM
 #1550

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?
Spare funds should not be hoarded, apparently it is a wise thing to invest them so that they could bring profit.
And here comes the main problem of choice - WHERE to invest?
Bank deposits are not as profitable as playing with crypto, but are much more reliable. So I would prefer keeping 10% of those saved money on a deposit and trying to multiply the remaining 10% by investing in crypto.


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August 21, 2018, 10:26:40 AM
 #1551

As for me, i will not let my savings stay in my pockets without interest. I've separated my money into 4 parts: I use 10% of my budget as for emergency situation and lets all of my family know how to take it in case i could not control. 60% of funds is used for investing in real estate. The last 30% of my money is invested into the crypto market. It's risky but i also have a chance to bring benefit from this market.
gurang
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August 21, 2018, 10:52:16 AM
 #1552

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?
wise to do with your savings is to spend it in a right way that sa the only way to use it
katri
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August 21, 2018, 11:10:26 AM
 #1553

Saving is saving! If you spent or invest the money that you save then you are removing your saving... I won't let my saving spent for anything else rather than the plan it was being purpose for the saving. I have allocated money for me to keep as a saving for future needs, it should not spent for other purposes.
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August 21, 2018, 11:20:47 AM
 #1554

The wisest thing is to invest wisely. Distribute the risks, do not put everything in one basket, think about different assets by their properties. Invest in something that is less susceptible to the influences of the global economy.
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August 21, 2018, 12:11:04 PM
 #1555

The whole point of an emergency fund is for it to be there in case of emergency, but most of the time, it serves it's greater purpose by giving peace of mind in case anything goes wrong. Don't invest it. Put money aside for investment purposes and you'll be more likely to make the right investment decisions because you won't be as stressed.
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August 23, 2018, 08:20:01 AM
 #1556

you need to invest correctly and calculate all the risks before that, in case of failure, be ready for this

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August 23, 2018, 08:28:15 AM
 #1557

We all have to be wise in making decision with our hard earned money because we can never tell when emergency comes or what will happen in our life in the next coming days, so we must save and secure funds for future.
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August 23, 2018, 08:47:10 AM
 #1558

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 way to do to your savings is to divide it in a classification. For instance, make an emergency savings from your savings so that in case of emergency you will have a fund to get money so that it  will not affect your other savings. Let some of the savongs be invested so that it will increase but be careful and wise enough in investing so you will not lose.

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Bondho Kompeni
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August 23, 2018, 08:58:36 AM
 #1559

In saving, of course we have to have a good strategy, if only relying on savings at the bank, guaranteed money will never increase so I prefer to choose investments rather than savings in banks, high risk investments such as cryptocurrencies are certainly the right choice.


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August 23, 2018, 10:22:41 AM
 #1560

You have idle money, instead of giving up your bank, buy bitcoin. Benefit than to give up the bank a lot. This is your savings, save money. Last year $ 1500 salary, $ 10 for one plate of rice. This year's salary is $ 1600, $ 20 for one plate of rice. The price is climbing steeply, bank interest, salaries run like a cow turtle. Buy bitcoin for a breath-taking future.

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