Wise thing to do with your savings.

[Daboy_Lyle]

My idea here on my savings is invest or trade to double it or to have more savings. If I have 1.5 Bitcoins as savings I will prefer to invest or trade the 0.5 BTC to get a bigger profit so that the profit that I will get on my investments and trades will be added to my savings. That's my idea on my savings.  What's yours?

[1713309629]

1713309629

[MrRiuss]

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?

do not bother your emergency fund, as it names, emergency fund is for emergency use only. spread your investment fund to several investment instrument.

[Levin23]

I don't save 20% money, but I save 50% income money, after collected with a certain nominal, I take money and buy land.
I really like to invest in gold and land
Do you like to save money by Deposit in Bank?
I think, that's not good.I really like to invest in gold and land

[yangdd]

Any one that saves without reinvestment is like the biblical slave whom Jesus addressed as wicked slave for burying his talent on the ground with out reinvesting it,therefore i save to reinvest for a bigger profit

[saffira]

I think the most important is we have a money on hand for emergency case. Just save a part of your money but do not let all money sleep on the bank, invest to earn more.

[kb24mvp]

There must be a proper planning where to subdivide wisely your funds and make sure you choose the right investment with earning potential. Of course always scatter the placing of investment and savings so that there is always a support and fall back in case the other one fails. And make portion for business perhaps for your daily needs support also.

[Rastafarian]

Do you spend your money on women, alcohol, and entertainment programs? I ask myself such question and decide to save any little money i get nowadays. At first, i was use to giving ladies money and expecting a whole lot from them. I have stopped all these and started to invest in cryptocurrency, buy some coins and trade with these coins. This policy has been of a great benefit to me as i have been able to accumulate some fund for my family. 

[IGP50]

How do you define wise thing? Each and every individual has his or her own definition for wise thing. To some people, wise thing could be using the money you have gotten to but expensive clothes and spending the money so that you grow fine. Other people also define wise thing as saving your money at banks or investing into cryptocurrencies. I like investing in cryptocurrencies and that is my wise thing to do.

[awawo]

If your savings is able to earn you significant interest then you can go ahead saving for future use but if not I think the best form of savings for the future is to invest in a business which will give you good turn over in a long time. Is good to save for rainy days but save wisely.

[Chrisjay29]

To make a wise thing in your saving you must first have a wise thinking or a money strategy. A wise thinking never rush invest an coin or ico. Dont panic on a pre sale because we talk here is profit not the discount but it will more good if you catch it. Do some research on that ico. Second put hold if the price is on dept never sell below ico price it can cause more depth

[kodtycoon]

Treating money well or wisely can only be done according to your thinking. If you just want to look for profit and do not care about the project then you have gone wrong, always do a deeper check to invest and always reserve your money to be kept in the long term, because after all money you have saved and left to sleep for a long time will help you in the future when something urgent needs that money.

[Duzter]

To be wise first you need to minimize the unwanted expenses. This will let you save more, and next is the thinking about the further plans. Now bitcoin is the one that could give you good return on your savings if used on cryptos. Before making an entry into cryptocurrency need to learn it in a right way, and the same will help in grabbing good profit.

[naily]

It's hard to say and depends on the situation. Bitcoin is useless after a big earthquake, but it is very useful during an economic crash and needs to hold crypto and fiat even though I know it's difficult. In the SHTF scenario, it could be the required USD, or gold and bitcoin

[yndye]

To be wise first you need to minimize the unwanted expenses. This will let you save more, and next is the thinking about the further plans. Now bitcoin is the one that could give you good return on your savings if used on cryptos. Before making an entry into cryptocurrency need to learn it in a right way, and the same will help in grabbing good profit.

It's all about prioritizing needs over wants. If you want to save then you should have a list of your expenses and income too so that you will know if you have enough and you can allocate it properly. If you have the savings then you can put some in the bank for emergency purposes and for urgent needs while some would be put as an investment that can at least beat the inflation rate so that your money would still grow. Diversifying your investment is a wise thing to do so that you can manage the risk.

[regnidorhcs]

Personally, in my understanding the 20% for emergency fund is actually different from the savings you have for your investment. The reason why it is called emergency funds is because it is  for medical, sudden lost of job, natural calamities and others, something that you can use anytime, something that you can easily access. It should not be on put on a business or investment because once you need it, pulling out your money may cause mopre harm than good if it is in a business or more so investment, what if you needed the money and it is a bad timing to sell your assets, this things are the ones we are avoiding. In investing, there are risks we take and we don't put or emergency saving on it, it is just way too risky.

[steveabrahams]

I think with that 20% saving you can use it to invest on ICOs, because i have a friend that is really into ICOs and invest his money on it. He always get profit though. So i think if you want get an extra income, you can invest it on ICO. Of course you needs to find out the best one before you invest.

[ricardobs]

i think that the wiser thing to do with your savings is to do investment and to make double profits and to gain a lot.

Savings are in your benefit if you invest somewhere which makes profit for you then this is a better strategy and planning to bring your savings in use. If you buy products which are a part of daily life then it will be a temporary use and not profitable or less profitable.

A productive investor will invest in a source where getting of huge profit is possible and in this modern world the most recommended market is the market of Bitcoin.

[andika2018]

I don't save 20% money, but I save 50% income money, after collected with a certain nominal, I take money and buy land.
I really like to invest in gold and land
Do you like to save money by Deposit in Bank?
I think, that's not good.I really like to invest in gold and land

Its really great what you done with your income. Gold and properties is most secure investment and its already know for centuries. I am believe its really wise if we saving some of our income and make investment from it. Investment will help us in the future.

[Allura74]

I think with that 20% saving you can use it to invest on ICOs, because i have a friend that is really into ICOs and invest his money on it. He always get profit though. So i think if you want get an extra income, you can invest it on ICO. Of course you needs to find out the best one before you invest.

Yes, the best thing to do with our savings is to make it produce a profit. Don't just let your savings sleep because if it is inactive then its just waste time and losing an opportunity to gain profit, invest it and make it grow and if you are thinking some risk then you can allocate some portion for investment.

[futureofeth]

Savings are one of the best thought to hold some money because we don't know when we need money but through saving, we can easily fulfil our needs when we are in emergency situations. So it is always good to save some money because it might help us in any way.