Wise thing to do with your savings.

[royale143]

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 know the importance of savings because it is where we could get our future needs and necessities. I think it is wise to make a passive income out of our savings by investing more of it. Honestly, I invested half of my savings in crypto because I believe that I could maximize my gain through it.

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[ekalak manjeng]

never take savings if as a necessity is not important, because savings as an emergency need only or for our future needs and our families.

[rose8963]

Setting you goal is the best thing you can do with your savings, know your needs and wants. Savings might not give you so much profit but you can use it as your capital on the things you want to build. I think emergency funds should be saved in fiat money. because emergency funds are used at any time. if we keep it in the form of investment deposit or cryptocurrency then we will need time to change it in fiat form

[think3214]

I save money for emergencies and something important and I have to save 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 when the value of crypto I have down the price

That was so awesome and if you are able to pull this, you would be safe whenever any kind of emergency appears. Savings are important for surviving in financial crisis. Moreover, a person who is not just saving his money but doing it in the form of bitcoin or bitcoin cash will be doubling his amount too. For me the better thing to do with saving is to plan with this saving or make a strategy on where we should put our saving

[110910ktx]

You can buy a care with your savings and you can buy a flat with your savings if you savings are high while you can buy small products or daily life necessary products with your low savings but all these will be useless and if you are okay with your life works then do not waste your money. This is an important decision and one has to be more than wise in making this decision

[Bosx1ne]

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?

It is not a bad idea if you plan to put some of your money in cryptocurrency. You should create good plan before you put your money for you to ensure that you can grow your investment. Having a lot of knowledge is important for you to protect your money.

[Pinoyfan]

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 best thing that we can do on our savings is to invest it on investments or other company or we can invest it on cryptocurrency so our money will growth. Its not that greedy you are actually being wise cayse people nowadays are so dumb they spend money too much.  We are here to become rich its not a sin

[FADI1]

I think the wisest tthing to do with your savings is to invest them in order not to lose them due to inflation. And I think the best investement is cryptocurrency speciallt bitcoin because it is relatively stable and it is going up.

[ceylan]

just Remember, If you are spending more than you earn, you will never get ahead so you can simply Create a Spending Plan & Budget as a first step also you can try to Stay Out of Debt & Prepare for your Future .. what i mean by preparing you can set savings goals 

[jaysabi]

I think the wisest tthing to do with your savings is to invest them in order not to lose them due to inflation. And I think the best investement is cryptocurrency speciallt bitcoin because it is relatively stable and it is going up.

I'd put a lot more weight into the first part of your sentiment than the second. Investment does help temper the effects of loss of value due to inflation, but not without taking on more risk than inflation alone offers. However, cryptocurrency in general and Bitcoin specifically are very risky investments, and on top of that, have been pretty poor for a lot of people, especially recently. Bitcoin is not going up, in fact it's been consistently falling for 6 months now, which is eons in the Bitcoin age. The only thing more staggering than the length of time it has been falling is the magnitude it has fallen, losing about 65% of its value since December. Those are staggering losses if you were unfortunate enough to buy at or near the all time high in December 2017.

[wireless1889]

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?

Well if you invest into these cryptos you might as well do saving and do investing at the same time because while you are actually saving your money you are also making your money grow just by investing into these cryptos, although sometimes fluctuations may occur but crypto investing is by far the best option and the best profit maker as of now.

[cpkozak]

When I get a savings, that's when we get older. So I would be very careful when investing with the amount of savings I have because if I lose, I do not have time to get back this money. I know that investing will get more money but I just recommend you be careful.

[Chrisjay29]

I think the best to do with your saving is make a bracket with your all profit. Then choose a investment that you can afford. Dont force your profit to invest a coin or ico that has great price choose a small one

[makolz26]

I think the best to do with your saving is make a bracket with your all profit. Then choose a investment that you can afford. Dont force your profit to invest a coin or ico that has great price choose a small one

Wise thing to do with your saving is you need to have at least summary of the things that you need to have, and the things that you need to spend with, and make sure that you have savings of at least 10-20% of your income, don't forget savings as much as possible you also provide and save for emergency purposes.

[wolfgang56]

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?

It just all about time management, I think so. If you are great with time management you know where you put your put your money. So as long as you have a time plan you don't waste your money.

[stellgod]

Saving is one of the options available to a income earner.  These savings can be left idle in banks yielding minimal returns, which is not the best. Investments in ICO is recommended.The higher the risk associated with a venture the higher the returns. leaving money in fixed deposits is not the best. 

The wise thing to do with your savings is to invest it in assets having good stability and low prices. Even if the prices are low, a good investor will always prefer the future benefit. This is called the benefit speculation. You can also invest your savings in property and real estate which normally gives you some good money in the end. The traditional business is also favored for it is not very risky.

[Clark05]

Saving is for the fiture needs or for the emergency you do not need to use your savings money to buy cryptocurrency because crypto is very risky because once the price decrease you lose your money. You may use your extra money to invest to cryptocurrency and even that extra money gone you have savings to have better future because you can start again. Need plan A and plan B for this.

[Biggapp]

Better asset 20% I invest in crypto. crypto price increase is very high in every year. profits that can pass long-term investsi in crypto very large.

Better keep divide our saving to invest and emergency matters. We never know how crypto market works and we know that cryptocurrency market is high risk investment. Better divide our money in saving and investing on crypto

Yes I totally agree with you, we should wisely divide our money into specific parts and there should always have a small amount of our money saved under lock and key for emergency cases. It is impossible as to predict what will happen to us and when we will need to use this kind of saving as to predict the pattern of cryptocurrencies. So it is not a bad thing for us to invest in cryptocurrencies but we should be wise to put what part of our money into this market.

The wise thing to do with your saving is to make use of it or invest in an asset with good future return. Also one is supposed to have the ability to evaluate profitable coins in the market and coins with low risk for investment purpose. As a result, you will be able to reap good profit. In the same way, one can invest in traditional business to stay secure in the market unlike the crypto market which is a bit uncertain.

[ov3rflow9x]

i think that you always must to have this 20% in saving, and never use it, no matter if it is going down or up in price, it is for emergency

[Coleth]

First things first need togive back to the Lord yourbtithes and offering. Secondly save some percentages like 30% in the bank for emargency purposes, 30% will be allotted for investment so that you still have earnings. And the rest for regular fees and food allowances.