Wise thing to do with your savings.

[Harrow30]

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 just keep on saving it till I really have a dear need to liquidate it. Here in this our part of the world, your reserve is deemed as your net worth and a lot of persons have been trying seriously to increase this so as to get some social/public/class recognition. And in some parts where we have the middle class, what you make can't even avail you the opportunity of having a worthwhile savings.

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[gelliiknya]

Whenever I get asked by anyone how to invest in property, I respond with a series of questions:

What are your financial aims?

In other words what are you after?

Are you seeking an income, capital or both?

[burakdat]

Invest in cryptocurrency but if your money is for emergency needs then deposit that one in a bank. As we all know that if you will going to invest in crypto which the money was intended for emergency needs then that is not ideal because when times get rough and you will going to need your money then you are going to sell your crypto regardless if you will get loss some of it or earn.

[aishyoo17]

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?

Obviously that 20% in a time deposit account will not earn the way you will have it in crypto but then again you can't put everything in one basket. So if you only have that 20% saving then why not put the other half in crypto and leave the other in the account. It's a win win situation if you do that and it's also safe I think.

[Rebisco]

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?

Mining bitcoin is one of the best investment nowadays, I think it is a good idea if you will make investment with bitcoin mining through the use of your savings. There are a lot of benefits and advantages that we can get from mining bitcoins.

[schukina]

There is a big difference between wanting to retire in 2 years so you can live off your investment income and wanting to help your children with tuition expenses in 12 years. For the former, you have to take risks.

[andreevavi]

You need to consider things like :

• Will you need to borrow money and how much risk are you willing to take?

• Will you consider investing overseas, and if so, where will you invest – Europe, the Far East or the Middle East.

[Furzo]

The best thing to do with our saving is make even a small business and make profit on it at the same with bitcoin a trading.

[HiringYou]

According to me the wisest thing that we can do with our savings is to invest them in some good investment asset.Everyone saves some money out of their monthly income so that they can use it whenever needed.Saving money is not a bad idea but it can be better.By saving our money we just keep it in a safe/locker.No growth or increment is seen in the money.According to me a better way is to save some your money and to invest some of your money in a good investment asset.By investing our money we are letting it grow which automatically increments our income.So instead of only saving your money try to invest it.

[ovcijisir]

I advise you not to invest all your money, and to diversify your funds. Have some of the investments in high risk investments (small part) and bigger part in lower risk and more secure investments. Also it is good to have small amount of money in cash for emergency.

[fedosee]

I invest most of savings in property. Remember, liquidity is a major problem in property investment. If you invest in the stocks and share market, you can pick up the phone and sell in minutes. That’s liquidity. Just try doing that with property and you’ll see that it’s a completely different story.

[kaisa]

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.

I agree with you, even though most recommend to use 20% for investment. but I think again, investment is something that is uncertain, not in accordance with what we expect. many forms of fictitious investment, but if the investment is good then the growth is also long.
while 20% of our money for urgent needs in the future, I think keeping 20% ​​of our money is a wise decision.

[kulitmanggis]

maybe what I can do with the savings I have will give my money to buy cryptocurrency like bitcoin for future savings because I see a very good potential in cryptocurrency.

[Topaz72]

Maybe I will invest a few percent of my savings for a good business. It can be profitable for me and my future.

Well it is good idea to invest your money and start some good business than keeping your money uselessly, nothing will be more than bitcoin if you invest right now, price of bitcoin is much better than before so buy some bitcoin with your amount of money and save it for your future so it will make your profit even higher.

[kenzruiz]

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.

better to use emergency fund in correct way.as it name " emergency " that used for urgent need.if we use it as invesment , while we need this money, to hard to liquidate.

The wise thing to do with savings is use to make business or emergency fund or keep for your any other things you want to use. The best way to do is to keep and use for emergency purposes.

[blogmantube]

Maybe I will invest a few percent of my savings for a good business. It can be profitable for me and my future.

[Willywankeybtc78]

Just buy bitcoin with it and Hodlll!!

[cloudproject]

many people have their own way to get saving much money with good analysis, but i guess just using it in a few percent and then keep it until you see the nice move in it

[tambok]

many people have their own way to get saving much money with good analysis, but i guess just using it in a few percent and then keep it until you see the nice move in it

We'll we have to save money not only for our future, but also for the benefit of our whole family, in our life right now, we don't know when emergency will come so it is really important for us to have at least separate fund for saving and for the future, we don't know what could happen next so we must be secured.

[renz0]

I usually put my savings in a bank hoping for an interest to grow my capital.But sad to say that banks normally gives you just a little amount of interest in a span of time.So upon hearing this cryptocurrency which I think is good for investment also,I was planning to put some of my savings into it.But with negative news coming out about hacking of billions of bitcoin, I had my second thought whether to go for it or not or maybe I'll just try see to it first that bitcoin is recovering before trying to invest.