slapper
Legendary
Offline
Activity: 2030
Merit: 1101
Leading Crypto Sports Betting & Casino Platform
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 31, 2018, 09:34:04 AM |
|
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 safer thing to do with your savings is just save it. Think of it as an emergency savings. We never know what or when the emergency occurs so better have a lot or enough emergency savings. Also, having this kind of plan in your money you can prevent and avoid some negative effects in your budgets. Well, I kinda agree with you as emergency saving should be put somewhere that no risks exists and you can easily use it anytime. Because you couldn't imagine what could ever happen, it's best to store your emergency fund where you can touch it physically. But it's also not good if you exchange your savings into some kinds of currencies that have high rate of depreciation. So you should be wise with your savings.
|
..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
|
|
|
changcloy
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 31, 2018, 10:08:57 AM |
|
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 safer thing to do with your savings is just save it. Think of it as an emergency savings. We never know what or when the emergency occurs so better have a lot or enough emergency savings. Also, having this kind of plan in your money you can prevent and avoid some negative effects in your budgets. I agree mate what belongs to emergency is for emergency only do not touch it for investing in crypto currencies due to voalatility of currencies it might happen that what have you put in will fall down when you needed it most the value here are unpredictable that is why I agree with to keep the money safe which intended for emergencies.
|
|
|
|
deklitt
Jr. Member
Offline
Activity: 226
Merit: 1
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 31, 2018, 10:11:02 AM |
|
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 by allocating 20% of our income as an emergency savings will be very useful to anticipate if one day we need it. and the method is very wise to apply in the current lifestyle.
|
|
|
|
Abu Shadow
Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 238
Merit: 10
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 31, 2018, 10:26:45 AM |
|
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 it's for your emergency fund then you should not use that to invest in a too risk and volatile investment. Your money might be trap when the market become bearish as you can't sell it unless you will accept that you loss half of your money. Invest only to the amount that you can afford to lose and don't be greedy.
|
|
|
|
randyg29
Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 330
Merit: 10
http://www.daxico.com/
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 31, 2018, 11:02:51 AM |
|
I agree with that reason saving some small amount of money to prefer for some emergency needs is the better way to prevent yourself in rushing yourself where to get some money for the payment. So better to think and plan your money that you will invdst that you can prefer in things that will gonna happened in your daily life.
|
|
|
|
bitcoinsocial09
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 31, 2018, 11:58:04 AM |
|
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?
In my opinion the best tging to do with yoir savings is make some actual business. In this idea can still earn money and you can also gain profit. You can incest in bitcoin as well do a business for you to gain another profit from it.
|
|
|
|
ChrishAi28
Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 133
Merit: 10
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 31, 2018, 12:09:36 PM |
|
I have never tried investing this days. I only save my money in the bank and usually withdraw it if i needed. Investing now is very risky and theres so many fake ICOs are starting, im just afraid for now to invest. My savings is more safe in the bank.
|
|
|
|
akihiko
Newbie
Offline
Activity: 43
Merit: 0
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 31, 2018, 12:11:27 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?
Imvest it in a time deposits that has big interest rate. ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif)
|
|
|
|
endut15
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 31, 2018, 12:31:27 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 emergency money should be there, because the emergency money that we use as our needs when urgent, because the urgent thing that we can not guess. so we also need to save and on the other hand we also have to try to get more profit, that is by using part of our profit as investment also very necessary.
|
|
|
|
Janation
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 31, 2018, 01:06:35 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?
In my opinion the best tging to do with yoir savings is make some actual business. In this idea can still earn money and you can also gain profit. You can incest in bitcoin as well do a business for you to gain another profit from it. What do you mean by this statement? The best thing to do with our saving is to make an actual business? Well, it depends on that certain investment since building your own business needs a good investment or capital. Can your savings cover your expenses on that business? Or you still a loan to a bank, if that is the case, I don't think it is good idea to build your own business.
|
|
|
|
beezunus
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 31, 2018, 01:17:48 PM |
|
yes, I have to save some money for savings and not invest in crypto because if I invest all my money it will be very risky and I can lose all my money, I save some money for emergency and something important
|
|
|
|
BlackBeauty
Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 308
Merit: 10
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 31, 2018, 01:29:33 PM |
|
yes, I have to save some money for savings and not invest in crypto because if I invest all my money it will be very risky and I can lose all my money, I save some money for emergency and something important
Yes it is very wisely thinking and that's why you should make a lot of money for future but i will give you one advice that if you invest your money in any cryptocurrency so you will never lose your money specially in bitcoin because some time its price up and down but after some months its price going to high and you will get a lot of profit.
|
|
|
|
Wellyan
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 31, 2018, 01:34:25 PM |
|
saving is important. in addition to investment we must also be smart in saving. because that way we can benefit and also can plan our financial future to be better. we usually prepare for other plans as well as new business
|
|
|
|
imking
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 31, 2018, 01:54:20 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 wise saving money is work hard, live cheap and control yourself to buy unimportant things. Work hard because of this an only way to have money. Live cheaper understand the value of a salary that you gain and make informed and thoughtful decisions if you want to buy something stuff that not relevant to yourself. Multiple your extra money.
|
|
|
|
Magkirap
Sr. Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 896
Merit: 267
★Bitvest.io★ Play Plinko or Invest!
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 31, 2018, 02:33:44 PM |
|
I think the wisest way to do with my savings is to invest on bitcoin. In this way I could save my money while gaining from it.
The wise way to do with your savings is to put it on a bank or try to invest in on bitcoin. We all know that investing on bitcoin will help to multiply your money. In addition to that, I agree that by investing on bitcoin you could save money while gaining some extra money from it.
|
|
|
|
bajigur894784
Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 350
Merit: 10
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 31, 2018, 02:42:18 PM |
|
I would rather invest the money than just keep it and let it sleep. because If you only rely on savings collection by way of saving, it will be very difficult for us to be able to realize the goods of our dreams in the future (for example). in other words, I think that investing money is better than just saving and letting it sleep until we need it.
|
|
|
|
serverus
Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 238
Merit: 10
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 31, 2018, 02:47:28 PM |
|
Invest more to other investment option like stock market and real estate. Its the best way to save money. You can grow your money in time. Dont just stick to cryptocurrency.
|
|
|
|
anavir
Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 350
Merit: 12
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 31, 2018, 02:50:58 PM |
|
for me saving means keeping money for tomorrow.So i divided my income into three.One is for savings,i am holding for a long term because it is intended for my retiring age.The other one is for our consumption,I have left money for buying our needs like foods and other commodities.And the last one is for emergency, i spare some cash that is convenience to use when emergency happens.Those are my ways in using my savings
|
|
|
|
Golftech
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 31, 2018, 02:54:44 PM |
|
for me saving means keeping money for tomorrow.So i divided my income into three.One is for savings,i am holding for a long term because it is intended for my retiring age.The other one is for our consumption,I have left money for buying our needs like foods and other commodities.And the last one is for emergency, i spare some cash that is convenience to use when emergency happens.Those are my ways in using my savings
Good point, it should be treated separately if you are going to invest those savings then it's fine for you as long as you still have money for emergency purposes then you can do everything with your savings, by the way if you look deeper from this forum then you will have some ideas where to place your money.
|
|
|
|
Lorin
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 31, 2018, 03:34:20 PM |
|
Emergency fund is a big help when you are need anytime. You'll never know what will happen and you will need it immediately, it means on time. Yes investment can help more to make yoUr money increase but what if that time you need it and you loose your investment,,, its a big failure for you. I think for me it must preffered to keep it so that when in case of emergency i have something that i will get and used.
|
|
|
|
|