Wise thing to do with your savings.

[slapper]

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.

[changcloy]

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]

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]

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]

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]

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]

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]

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.

[endut15]

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]

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]

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]

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]

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]

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]

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]

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]

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]

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]

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]

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.