Wise thing to do with your savings.

[endut15]

of course I will take some of my profit for me to save and for something emergency and very important because I have a family that will someday need funding for something important

strongly agree it gan. indeed we need a fee, under any circumstances. because the name of the family is hard happy to always share, especially if you have the funds for our lives would be better than no cost.

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I believe it would always be better to do investment with the extra spare money you can afford rather than putting all of it with the banks as the saving interests of the banks are usually very low, and that is the reason why many investors are getting interested to invest into crypto-currencies.

[Zachwolf]

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 fund should be just enough to pay all your costs to 3-6 months.

After you build your emergency fund, you can to diversify your portfolio in Stocks, Bonds and even small amounts in crypto, depending on your risk appetite.

Savings is for future. All we wants and need someday will rely on it. Spending on the right time and have a valued for you is the best thing/move to do with it. So don't waste our savings.

[keeee]

The wise thing you do with savings is to invest it into a profit venture, like invest your savings in crytocurrency, which yield maximum interest, or you can invest your savings in real estate, which is long time investment.

Yes it was good to put our savings to investment to get more profit. For me the wise thing to do was to balance it and divide into different things like some of it in investment, the others for important things, for emergency and the rest was for the preparation for your future. Because wants we have savings we dont need to worry when future comes to us.

[Babyhouse]

Wisest thing to do with your savings is to invest it on altcoins.  In this way you could find multiple times of profit.

[Janation]

Wisest thing to do with your savings is to invest it on altcoins.  In this way you could find multiple times of profit.

I think that is a funny if you are in my shoes since my savings are my altcoins. I've invested on some altcoins in the past and I am holding them until now. I have some money that I am saving in a bank though I don't want to use that money since I will be using it when there are some emergencies that happened. I will be selling my altcoins when the time comes that the price is really good.

[Dayan1]

Wisest thing to do with your savings is to invest it on altcoins.  In this way you could find multiple times of profit.

I think it not a good way , You should diversify your savings , for example if you really wanted to invest in bitcoin any other crypto currency you should first think if it is worth it and not just that , you should allocate some funds in your emergency funds, it is important to have emergency money so when the times comes and you need money urgently you  wouldn't have to  rely on your investment as an option to satisfy your needs.

[BurakXel]

The money that you have saved up for emergency funds will just hold on it there, for the times in need you can get it anytime., Try to allocate some portion of your money for investment and when you invest think wisely.

[chromosomes]

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?

Always leave something from your saving while spending some of it for investments so that you won't end up short if ever your investment fails. Be smart with the way you hold your money so that it can still grow over time instead of spending it on temporary things. If you are going to be careless, don't expect to have that much savings in the future.

[Lophuong]

yes 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.

[rmel0924]

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 I have that money save, I will split this I will save 20% for my emergency fund, 50% for investments, 30% for personal savings. Investments can really give more profit thus making our money grow but we need to make almost 100% sure that the investment we are going to join is pretty good and can really give us earnings. There are lots of promising investments but there are also a lot of scams investments so we need to be wise in selecting the good one.

[syamster]

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

There is no more risk, and if you will keep your money saved as it is them it will not grow and you won’t be able to get profit holding money is useless it only makes our money get rusted but investing your money specially bitcoin will makes it so high and  you will see it getting high more than double only if you hold it for one or more years, buying now will be the best choice because price now  a day is very low that we can buy bitcoin easily and get our profit from it so invest your saving as much as possible.

[Biggapp]

I believe it would always be better to do investment with the extra spare money you can afford rather than putting all of it with the banks as the saving interests of the banks are usually very low, and that is the reason why many investors are getting interested to invest into crypto-currencies.

Saving money in banks just for the sake of interest is not a good investment. Investing in an asset that gives you more than some good money is favored by the investors. Like if you invest in real estate, you would be able to reap good money in less than a year time than you would get if put in a bank. One should always make the investment decision on the future return and risk associated to the asset. Also if one makes investment in crypto provided one has good market knowledge, there will be no chance of loss for him and he might gain good return.

[Jake Virus]

of course I will take some of my profit for me to save and for something emergency and very important because I have a family that will someday need funding for something important

Well it is very wise if we will invest the 70% of our savings on the strongest coin and off course that is bitcoin, we all know that the price of bitcoin now is cheap so buying bitcoin now is very wise thing to do and also advisable to do.

[G2z_Riya]

The investments that you make into the cryptocurrency is always considered a wise thing, only thing we're supposed to do is the perfect research to make sure that the market is supportive to grow rather than decline. For the same one should not put his entire savings into cryptocurrency which too is a bad decision.

[Ashong Salonga]

The wise thing you do with savings is to invest it into a profit venture, like invest your savings in crytocurrency, which yield maximum interest, or you can invest your savings in real estate, which is long time investment.

The best thing to do with your savings is to put it on some altcoins that is good for long term investment , and the best altcoin for long term is ethereum, you should put all of your savings in ethereun because the future price of ethereum can be very high.

[Okrah]

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 saving money is good for the future. But if you have and idea to keep your money grow more and more just try to invest your money in cryptocurrency. Just buy Bitcoin or Altcoins for your investment, because this coins are very great in terms of getting a big amount of profits.

[Birin016]

It depends upon to the person. Yes we all know that we can make our money to grow by means of investment but we cannot also deny that we can lose money with our investment if we do not know how to invest. Me, I invest but not all. I choose to save some of my money because like what you have said "emergency fund". It is difficult to immediately find money in time of need.

[Boromon]

If you invest your savings in something valuable that is the right and wise decision because saving you amount in banks will cut the annual cost and the profit it is not much. And never use the Emergency fund because it is a big help when you are need anytime.

[timonig]

You can invest savings in real estate but ask questions first like: Do you want to invest in commercial or residential? Do you even know the difference?