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Author Topic: Wise thing to do with your savings.  (Read 8152 times)
btcwelcabz
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June 18, 2018, 03:35:09 AM
 #801

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.
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Yes, investment is really good to grow your money even you gain little profit from your investment, and also good idea, buying some assets.
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davinchi
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June 18, 2018, 10:07:52 AM
 #802

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?
Yes that's right. I think the wise thing to do with your savings is to spend it in emergency cases. When the time comes that there is a negative happen you have a money as backup so nothing to worry about.
You can either invest in the Bitcoin or besides the Bitcoin you can invest in Ethereum and other valuable cryptocurrencies. Your savings will payoff if you do so and apply your market knowledge in your desired source. This is a very relevant and profitable decision if you choose crypto market for your investment. Be aware of miss use of money in this modern world as we should be productive and careful about our investments.
knight20
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June 18, 2018, 10:55:29 AM
 #803

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 suggest to invest your money than to sleep it. I know it's risky to invest in crypto currency but you need to gamble no matter what if you want to earn more.
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June 18, 2018, 11:20:14 AM
 #804

There is no better option. It really depends on you and the risk you want and are able to take. If you have low revenue, well, maybe it's a better option to keep your savings at the bank even if it doesn't bring you any benefits.

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bitcoinveda
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June 18, 2018, 11:50:00 AM
 #805

There is no better option. It really depends on you and the risk you want and are able to take. If you have low revenue, well, maybe it's a better option to keep your savings at the bank even if it doesn't bring you any benefits.

Keeping in banks is safest way to us but we are getting very less interest for the amount we are depositing. Saving is always to hold the money because it will be helpful in the emergency needs. Most of the people failed to save money because they don't know how to manage the money.
jeraldskie11
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June 18, 2018, 11:59:42 AM
 #806

I think the wise thing to do with our savings is keeping it to the banks, atm and credit card because it is the safest and better way to get less interest for the amount money we deposit. It is also helpful especially if we face a problem like emergency incident. We need to manage our money so we can use it on this situation.

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Savemore
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June 18, 2018, 12:18:29 PM
 #807

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?
There are a lot of profitable investments nowadays that you can do. I think it is better if you will use the 50% of your savings to start capital in trading of cryptocurrencies. By using your skills and knowledge, I know that you can easily grow your capital.
Brookie
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June 18, 2018, 12:29:45 PM
 #808

I think targeting some of our income to be a savings is a good thing. Because the savings are very important usefulness in the future. But I do not think you use your savings to be invested, because investments have risks.
Yara1
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June 18, 2018, 12:31:56 PM
 #809

when you have saved a reasonable amount of money, the wise thing to do is to invest such money in any business that brings daily or regular returns. even if there is an emergency you can take care of it without any stress.
Kawasakinamoto
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June 18, 2018, 12:39:01 PM
 #810

Wise thing to do with your savings is to invest it in Insurance or Real Estate. Insurance provides a guarantee of compensation for specified loss, damage, illness, or death in return for payment of a premium. Don't put it all in bank, because it will not give higher profit.
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June 18, 2018, 12:46:04 PM
 #811

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 have big savings, I prefer to you to make investment with bitcoin mining. There are a lot of benefits that you can earn by making investment with bitcoin mining, one of those is earning passive income.
GrayFullbuster
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June 18, 2018, 12:59:51 PM
 #812

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?
You should have better plan that you can use in order to make decision better. There are a lot of ways that you can do in order to grow your investment. Try to join in different ICOs for you to grow your money.

costanos02
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June 18, 2018, 01:17:04 PM
 #813

Savings is good in every person but it is much better if you also earn from your savings, put your savings on investment let your money work for your future. But of course before you invest you must do some research to find the better one.
win365
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June 18, 2018, 01:22:37 PM
 #814

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?

My thing is to set 20% to invest them in crypto, it can similar to saving on emergency, but here you can get more or get less, than you have saved.

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reyanshbasu
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June 18, 2018, 01:37:20 PM
 #815

In my opinion, the best way to do is invest half of your savings in bitcoin and the remaining of your money save in the bank.
Investing in bitcoin gives a big possibility to earn double of profit than saving in the bank, even though its really risky way of earning profit in investing in bitcoin but if you have a lot of coins and sell it at the right time, im very sure that it will change your financial life.
Saving in banks also profitable and really safe than investing in bitcoin but the difference is you will recieve small profit in saving your money in bank.
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June 18, 2018, 01:39:58 PM
 #816

Saving is the best things to do for our future. So, it is better that all of us has a savings. If your salary is a montly basis it is better to have a budget list. Listed the most important things you needs in a daily basis. And have a saving from monthly salary, although isa small amount. If my saving become big I will invest it into cryptocurrency coin  c
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June 18, 2018, 02:03:11 PM
 #817

I have lots of money, and I can accept high risk, expected profit stable at a high level, I decided to combine savings, buy USD to send at Bank and invest in estate. Especially, I want to have higher return than the case 1, it means that I also take higher risk, I think I will invest in security and gold.
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June 18, 2018, 02:11:02 PM
 #818

Savings are very important, if you don't realize it that much now you will surely come to appreciate it in the future.
Regardless how much is allocated for savings and emergency stuff the real deal is to have it secured, I would like
 to invest a portion of the savings to truly maximize on it and secure what amount is targeted for a variety of reasons.
weeks65
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June 18, 2018, 02:13:37 PM
 #819

I think it's smarter to invest you money rather than let it sleep in a bank and earn 1% per annum at best. Crypto currencies and alotnof public stocks are readily available for you. Now making your savings grow from your salary is more of living within your means. Because no one knows what will happen in next days. So be wised to used your money especially your savings. Or you can invest a house so that all your family will intact in one place
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June 18, 2018, 02:13:43 PM
 #820

That is the benefits of having cryptocurrency compare to the other investment like the stocks because in just a few months you can get at least 10 to 20 times from your capital. There is not much of a point to have money laying around and not doing anything with it, the point of savings is to do something with them and if you do not do it you are wasting that money in a way since you are not taking the opportunity that you could take with that money
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