Wise thing to do with your savings.

[Onion lover 888]

Lots fo really good ideas and discussion here. I believe its good to have a diversified portfolio. Different levels of risk and of course rewards too. I keep some in the bank and get small amount of interest each month. I invest some in crypto and stock. I also buy and trade other things too. I know money is very hard to get, so I try to maintain and if possible build my wealth

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[marktwiss]

The youth today believes on principles like life is too short and thus does not understand the importance of savings or limiting the expenses. One should just keep some for emergencies.

[bitcoin31]

I don't think it's a wise decision to use your emergency funds and put it on time deposit because the fact that you cannot get it out if the need arises in a short period of time, as far as i know time deposit takes about a year or more to take it out and make profit.

You have other option to time deposit maybe the lower months you can choose is 3 months or 6 month depends to the bank where you invest your money. Emergency funds may put to ATM or to the passbook so incase you need money you can get it anytime you want. Because in the time deposit once you invest and you need money and the right tine that given to get back your money I think you cannot get it.

[Pakwan12]

For me some of my saving is I put in the bank for some emergency fund and for our daily needs, and the other is I will invest in some investment.

[markk94]

if you  asking about the wise thing to do with your saving, the absolute answer is to use it as you want at first, and for the next thing is to search for good investment to yourself. Investment could help you in many things in the future. Be sure not to wasting your saving in some useless investment.

[Sled]

if you  asking about the wise thing to do with your saving, the absolute answer is to use it as you want at first, and for the next thing is to search for good investment to yourself. Investment could help you in many things in the future. Be sure not to wasting your saving in some useless investment.

You should not just do investment because you also need a security for your health and it is not always about making money or becoming rich, it is about having a security that you will have any problem when there is an unexpected thing. You should do investment and also establish security which my mentor told me so i can get the freedom that i want.

[Realistmoon]

For many putting a good part of crypto profits into fiat would be a helpful advice because anything may happen with crypto in future, and if everything crashes they will be a few survived.

[Lloyd Jacksok]

I will divide this amount of my savings become different investment channels and different ratios. Because I am less risk-taking, the expected profit is moderately stable, I will choose to send 1 part into savings, 1 part into buying dollars, 1 part into buying gold.

[GideonGono]

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 wise thing or the most advisble way is to keep your goal on your head , and be wise although wise isnt enough be more you know save it , dont waste it on some useless thing that only for a day , buy that long last forever.

Dont count your earn , better to hold or invest it.

[Zigzagkuy]

I think the concept you gave is very useful. Given the emergency money is very important and also must exist when in need. So I will try to save some of my money to use as emergency money.

[tamarindbleu]

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 always taught about my savings and that I want to turn it into investment. I'd love to invest in cars, properties and land. This things can be my business that I can inherit with my children someday. So I think this can be a good thing to do with someone's savings.

[barabarian1]

I have a strategy for financial savings. I will save 30 percent of my income to buy coins or investments in crypto. and 70 percent to meet living costs. 30 percent of the investment, I share in various coins so it will have a bigger chance of getting faster results.

[kiboloves]

I think everyone's financial situation is different. I think it is a good way to diversify our savings, which can effectively reduce risks. While investing in encryption, I will invest in many industries as well.

[queenlaurel]

I will say save the money otherwise invest in small business that can yield a little profit when you need it or better still buy assets that can be easily sold when needed.

[Xising]

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 to do is to keep a part of it as it is intended, as savings, and on the one hand, use a part of it for business or investment, which would make your money work for you. People who have savings are afforded that chance to invest, which is not available to everyone. However, since it is still money that is on the line, even if it is excess money per se, it should still be well taken cared of.

[jak3]

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.

[Nboramir]

I think that the emergency saving shouldn’t be limited by the percentage of 20. In my opinion your emergency saving should be the amount that will guarantee you the life without any debts before you started that business. I believe this is the right way of taking risks in a rational way.

[Angna27]

  I think those what we could emergency will fund will let sleep until such time we needed it becuase if we put it in time deposit we would be having hard time getting it out becuase of time bond indicated in it, maybe saving can be allocated to some kind of investment to gain interest, can possible be for bitcoin investment to increase its value.

[jonland22]

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?

simply not! time deposit will give you small money compared to investing in cryptocurrency (well only applies if you are lucky enough to earn a lot from it but more or less investing on it will have bigger gains compared to earnings from a time deposit).
the importance of having an emergency fund is not to earn but rather to have a cash you can immediately use for some events you don't foresee.

[lebrone08]

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?

Savings is very important to each and everyone. As an individual you need to have your own savings so  that in case of emergency you have funds to use with. And also if you make an investment aside from your savings that would be great, but you need to wise in investing your money cause theirs a lot of scammer out there. Before you make a decision try to study first all the things that you need to know before you start. nowadays I considered Bitcoin as one of the best thing to invest your money cause if you hit the perfect timing your investment could be double or more, and this is proven already for how many times but the decision is always comes from you