Wise thing to do with your savings.

[jaysabi]

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?

Emergency funds are not to be deposited in a time deposit account. Time deposit accounts have specific time before you can withdraw it and you can never tell when you are in need of it. Also it is not wise to invest emergency funds because you are doing away with the main purpose of such savings.

You can still withdraw from a time deposit account if you need the money, the only reason not to would be you forfeit interest owed to you for withdrawing early. Putting the money in a liquid account for ease of access and that pays some sort of interest or provides a return, like a time deposit account (CD) or simply a savings account, is far preferable to holding cash. The reason is cash depreciates over time, pretty slowly in most cases, but it loses value nonetheless. In a time deposit account or savings account, the interest earned reduces the loss of value due to inflation, if it doesn't entirely make up for it. And in the case of the time deposit account where you have to withdraw early and forfeit the interest, you're no worse off than if you held cash for that time and have the potential to be better off if you don't need to withdraw it early, which holding cash provides no upside. So logically, there's only potential benefit to a time deposit account and only potential detriment to holding cash.

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[L1looker]

Maybe yes if it would become and emergency need in any sitiation but for investment the amount I think is not enough to gain more profit I'd like to set aside as much as I can. Don't be drowned with the trend to spent my money I have to think my future.

[mobilestrike]

The smartest thing is to keep some investments ready for emergencies as everyone has said. It is unclear what we will actually encounter. I also never find it worth investing in any of the money. When you lose, it is best to invest with the money that will not hurt you.

But if a person will invest in this time when the price of bitcoin is much lower and its further progress will be to rise then I think people have to invest that in bitcoin. It is expected that the price will increase in the coming future and sooner we will see that rally so no one have to worry and have to invest as much as possible right now. I have invested my money in bitcoin and they are also kept for emergency as I know it is easy to use and withdraw bitcoin.

[Findingnemo]

If you put your savings to investment, then you surely see the difference, Previously a had small amount of saving in my pocket and I invest it in crypto's about 1 week pass, I see how crypto's work in my savings and I'm glad i earned good amount after bloody market strikes, 

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, so except for emergency savings all your savings should be eventually invested in something productive.

If you have much savings you are very lucky in today’s world so make that money in a useful way so there many ways to save and grow your money very easily but before investing take much more time for investing.

[automail]

I think it will be a great idea to use your savings to invest on bitcoin. Just make sure that you are buying at the right time. Make sure that bitcoin is low and its the money you can't live without. If its the money that you need, I won't recommend on investing it. Please allow me to share what I have done with my savings. All of my savings are going to bitcoin investment. Why? because I just want to take advantage of bitcoin's price while its low. Try doing it Man. Its worth it. Invest now and be rich this coming December.

[khafimisha]

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, it in a time deposit account if you already have crypto investments just so that you can be sure that your emergency funds are safe from the volatility of this market

[doomloop]

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.

There are many good things that you can do with your savings and some of them are explained nicely by you. Well the amount that you can save always depends on how many people you are supposed to feed or support financially. If the number is not large, you can save great amount but if it is otherwise, you end up in borrowing from others. Saving is not always possible for everyone. Those who want to save, they need to plan their budget.

[goaldigger]

I usually do this 20% method because its easy and once you do this consecutively, you will not notice that you had a big savings already. On that 20% pure cash, i put half on the savings account and half on the investment account with banks usually low risk with low earnings, with this i cannot withraw anything from it. My crypto investment is about 5% of my salary everytime and 100% my signature campaign payouts.

[peterpeterpeter]

Well I think the best way to do on your 100% savings.
Here is the best quotation for me.
30%  is to start a small business to earn income for daily needs.
40% you can save or hold it in a bank for future matters because we can't predict what will happen in the future maybe for emergency? Right?
And 30% of your money is to invest in Crypto the best way to earn and gain more money in a short time period. 

[d0flaming0]

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.

There are many good things that you can do with your savings and some of them are explained nicely by you. Well the amount that you can save always depends on how many people you are supposed to feed or support financially. If the number is not large, you can save great amount but if it is otherwise, you end up in borrowing from others. Saving is not always possible for everyone. Those who want to save, they need to plan their budget.

i somehow agree with you, since not all the time we just keep on thinking about savings, there are also times where we need to spend for emergency purposes, that is why we need to diversify our money and spread it wisely. Next thing is that not every people had a chance to save money as much as they can do because of their gross income.

[BlackBeauty]

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.

There are many good things that you can do with your savings and some of them are explained nicely by you. Well the amount that you can save always depends on how many people you are supposed to feed or support financially. If the number is not large, you can save great amount but if it is otherwise, you end up in borrowing from others. Saving is not always possible for everyone. Those who want to save, they need to plan their budget.

i somehow agree with you, since not all the time we just keep on thinking about savings, there are also times where we need to spend for emergency purposes, that is why we need to diversify our money and spread it wisely. Next thing is that not every people had a chance to save money as much as they can do because of their gross income.

I think everything is depend on your wise because if you have no wisely planing for your life so you cannot make your best present and future, I saw some people who had a lot of money but their life planing is not wise so that's why today their life is very difficult, so successful is depend on your proper wisely planing that's why you will live in comfortable life.

[crazycatwoman03]

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, it in a time deposit account if you already have crypto investments just so that you can be sure that your emergency funds are safe from the volatility of this market

I don't think that there is a way for you to make your funds safe from the volatility except by converting it into fiat already. This is a good for "assurance" but of course it make you lose the opportunity to get profit for that certain amount.

Crypto investments may look easy but it is not because we have a very unpredictable market. Others say that whales or big-time investors gets better and larger profit because they have the money to maybe control the price but for me it is just a strategy and a good strategy indeed.

[Redhead5]

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, it in a time deposit account if you already have crypto investments just so that you can be sure that your emergency funds are safe from the volatility of this market

For me it is great that your savings will be put into time deposit saving to the bank so that it will earn a profit even in a little amount atleast. So in this way your money will be safe and easy to cash out when theres an emergecy to address to. But it is good also that you will take a part of it for crytocurrency investment as this investment platforms have a profitable results.

[PETMALU11]

There's a lot things to do in your savings, first you can also do a business. And this is better on what the world change now. And you can invest it to earn more for your future family, Always think for your assurance to have a good life.

[Ekimzjames20]

There's a lot things to do in your savings, first you can also do a business. And this is better on what the world change now. And you can invest it to earn more for your future family, Always think for your assurance to have a good life.

For me thing to do with your saving, is 50% is on the bank. That you can withdraw anytime in case of emergency and 50% invest in  crypto to earn more profits for the brighter future.

[Bitcoin1216]

I will never be interested in saving money in banks, this is because savings in the banks do not get any benefit, wise in saving of course is divert money to various types of investments such as stocks, gold and cryptocurrencies.

[Indai24]

There's a lot things to do in your savings, first you can also do a business. And this is better on what the world change now. And you can invest it to earn more for your future family, Always think for your assurance to have a good life.

For me thing to do with your saving, is 50% is on the bank. That you can withdraw anytime in case of emergency and 50% invest in  crypto to earn more profits for the brighter future.

For me when we say savings it is really intented for saving it, and also for future use, it's not for investment nor for spending. But if you really want to invest I suggest not to touch your savings, you should have a spare because I won't put a risk specially if this is for savings.

[hermae]

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?

Form me being Bitcoin user joining always in signature campaign of course there is a reward after the end of the said campaign. so all my token is only my saving that's what i do it while it will stay in myether wallet at the same time there is a profit if all coin are going to higher then if i want to spend money I just sell some of my token to cash out to buy some that i nedd but all in all my savings is almost my long term investment in my ether wallet.

Saving money for emergency purposes atleast 20% of your monthly income is good investment, I think. I do this, but I dont use it for any other purposes. Maybe the best thing to do is invest only with the spare money you have, that means, minus all the expenses ou have monthly.

[pat4cryptoreal]

It is good to invest in Bitcoin or cryptocurrency but the emergency fund shouldn't be invested any where, we have percentage meant for investment. In some countries exchanging cryptocurrencies to fiat do take time and do not operate during weekends.

[PalindromemordnilaP]

As to your savings that you have kept in your bank accounts for a long time, think of it if you already have a satisfying profit. If not, then it's best when you invest it in cryptocurrencies but you must have to be at least a risk taker before you are going to engage in crypto investment.