Wise thing to do with your savings.

[valentinen39]

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?

The best thing to do is to start a business in your area either it was small or big in order to have more income monthly that you can use to sustain your daily needs because cryptocurrency is volatile and there is no assurance if you are always going to earn profit.

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[celtic99]

Whatever you do only keep a very small portion of your savings in cash.  You are just losing wealth to inflation and government currency can collapse at any time.  Look at what happened to Greece and Venezuela.  I would keep your wealth in metals, crypto , stocks, real estate, etc.

[doomloop]

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.

The wise thing to do with your saving is to invest them in an asset with low risk and good future profitability. If you invest without evaluating about the basic factors that leads you to economic prosperity, you will always loose in the market however if you do the analysis before investing, you will be less prone to loss. Yes you cannot tackle the market shifts that often lower the prices but you can definitely make wise decisions.

[Beck09]

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.

Certainly.
Investment is the best thing to do after after savings.

With an opportunity as bitcoin available, your guess is as good as mine.

[purple.thoughts]

It is better to use the 20% in opening a business to make it grow rather than keeping it in a time deposit, because time deposits only have small profits, nor literally keeping it. Business makes us earn bigger amount of money.

[biboy]

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.

Certainly.
Investment is the best thing to do after after savings.

With an opportunity as bitcoin available, your guess is as good as mine.

Exactly, if we do and started investing we are also learning how to use our money wisely and it is a great thing to do, we all have to be wise in making decision with our hard earned money because we can never tell when emergency comes or what will happen in our life in the next coming days, so we must save and secure funds for future.

[Lenzie]

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 save 50 percent of the salary and forget that I have those in my job. The other 50 percent will be for pleaseure purposes and emergency. That is for work salary.

I am still earning from bitcoin and I am not using those funds to anything. Just pure investment. That is why it is better to have 2 jobs.

[Tungsten-1]

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.

It is not the way a trader or investor wants to choose but only profit and profit is possible in investment or trading. Buying unnecessary stuff is wastage of money and useful things are not the part of saving so you should only talk about saving. You can use your saved money in investment and can trade with it so that you may be able to get huge profit.

[kidd07]

It is better to use the 20% in opening a business to make it grow rather than keeping it in a time deposit, because time deposits only have small profits, nor literally keeping it. Business makes us earn bigger amount of money.

The wise thing to do with my savings is to buy a dump coin and hold it for a very long time until it will be in a bigger value and sell. I will not put it on a bank because of it's very low interest. It is more safe if I will be the one to hold my savings.

[Hinugh]

I think allocating 20% of emergency savings to invest in cryptocurrency is worth a try, although a little risky but worth doing, you should choose the right investment, you can also try on short term deposits and expect a little interest, or you invest your money in stocks return the profit briefly.

The wise thing to do with my savings is to invest it to grow , venture a business  or do franchising. We do have options on how to grow our savings yet we have to study the product. We need to do massive research, like the background then create a plan with best strategies to successfully grow your savings, to make sure the ROI.

[wolffy0216]

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. 

Yes, agree, better to make good investments so that there will be good profit in return, but we need to carefully study the investments we're going to make because there is always a risk in investing. So like what other says, just invest what we can afford to lose.

[serverus]

The only time you shouldn’t save, or invest is if there are more important things you need to do with your money.
Now that you’ve got an emergency fund, it’s a good idea to save up at least 10% of your earnings each month (or as much as you can afford).
Set yourself savings goals and put away enough to buy what you want. This could be a house deposit, a wedding, or a trip.
You could also start to think about investing your money

[Rufsilf]

Learn to divide them and prioritize the things that you need to pay and you need to put some money in order to make more money with your savings. It is not healthy for me to just let your savings sit there and sleep for a lot of months or even years because it is better to spend them into things that you will give you opportunities and benefits.

[MakLampir]

for me, i pay my bills first (electric, water, internet and credit card) before everything else. what’s left are for my saving, for my daily expenses and some for investing in cryptocurrencies. i don’t invest too much as i can’t afford losing much. but since i started investing, i have not yet lose. it’s just that cryptocurrency prices fluctuating up and down.

[Approxilite]

The wise thing to do with your savings you need to think about the things you need in your everyday life to avoid costly and become a disciplined person so you do not have to buy anything worthless so your money will not be exhausted and in the emergency time there is money available.

You have a point, for me the wise thing to do with your savings, first you need self discipline in order to be controlled and don't waste buying things that actually not needed for daily usage and also become independent, because sometimes we don't actually know when emergency happens, that's why we need to be prepared and save enough money so that when the time comes you have savings to be used.

[Daimon88]

While trading on cryptoexchange withdraw 11% every month and this will be your reserve fund on deposit in bank. So that you can save your money and in case of loss you can invest again

A wise person will choose investment in a valuable currency and we know that the modern time is that of crypto so investment in the crypto market will payoff if you apply the rules and principles which are required in every business. If you are with low savings then start trading with less valuable currencies and then upgrade to higher. On the other hand if you are with huge savings then enter into the Bitcoin market if you have knowledge.

If you are thinking to buy products which are using in daily life like games, television, new laptop or any other wish but you know what; in the language of business you will need to invest your savings somewhere where you may get profit. You can not make profit if you are doing an investment roughly because it needs you attention and proper handling which is more important in cryptocurrencies.

[zocipro]

investing, and saving. Those are my 50-50% in here.
I am always investing more money on crypto, and at the   same time, i am always keeping some money for future purposes

[Bitfling]

Learn to divide them and prioritize the things that you need to pay and you need to put some money in order to make more money with your savings. It is not healthy for me to just let your savings sit there and sleep for a lot of months or even years because it is better to spend them into things that you will give you opportunities and benefits.

Divide our investment in several option is better and more wise than we put in one investment. Saving is important but it will decrease the value by inflation and if we investing it with wise, I am believe that bring profits on our saving

[Biggapp]

The only time you shouldn’t save, or invest is if there are more important things you need to do with your money.
Now that you’ve got an emergency fund, it’s a good idea to save up at least 10% of your earnings each month (or as much as you can afford).
Set yourself savings goals and put away enough to buy what you want. This could be a house deposit, a wedding, or a trip.
You could also start to think about investing your money

The wisest thing to do with your saving is to invest them in profitable and risk less assets. Before actually making the investment, one should do the evaluation of an asset in terms of risk, profitability and stability. If these things are feasible from the point of view of an investor, it will go well. Besides, you can also invest in property business and businesses like real estate and others which often need big money but ultimately pay off.

[BountyGram]

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. 

Yes, agree, better to make good investments so that there will be good profit in return, but we need to carefully study the investments we're going to make because there is always a risk in investing. So like what other says, just invest what we can afford to lose.

Exactly, if someone is going to invest make sure that it will gain you profit in return, study the project you will be investing and always look for alternative incomes.