Wise thing to do with your savings.

[Henry Sy]

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?

Actually, the best thing to do is to put it on the emergency funds. Because you do not know what will happen in the future. After that, you can just put the other money on the bank accounts and try to use it when needed

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[Irviyandi]

If I think you better invest your savings that you have rather than save it does not produce anything but if and make an investment there must be a risk that must be taken the loss and also if Untung can increase your savings

[qwerty12]

I prefer if my money is invested rather than just that keeping in savings. the reason is simple because by simply storing or just letting it go to sleep as you say, the money will not produce anything. I would rather take a little risk by investing.

[Kayla]

Instead of saving money at home, there is no harm in investing. There are many options for us to invest some of our income, we can save in bank, gold, land, stock, cryptocurrency and others. Some are low risk and there are also high risks. It all depends on the investment confidence and experience we have
Crytocurrency offers an investment with huge profits, but the risk is also very high. I will learn and choose coins that have the potential for high profits. If we choose the right coins we can be sure our investment becomes several fold. We can choose one of them.

[Amanda Green]

Investment is always the best solution. There are a lot of frauds in the investment market. When I was looking for reliable token sale for fresh specialists, I found Socratus. It is a platform for insurance companies that was created in order to make the communication between customer and insurance company more convenient and simple. With this ecosystem, companies will be able to cut operating costs, create new insurance products, deal with data analysis more efficiently and many other benefits. Right now, it is on the stage of private token pre-sales. And I think that it is really worth investing in.

[Amanda Green]

The best variant is an investment! I have found a trustworthy Token Sale project. It is called Socratus. It is a digital platform for insurance companies. So any insurance company can connect the platform to become the part of Insurance Digital Ecosystem. They are aiming to create a win-win insurance whereby you get instant claim payment,  fair and transparent dealing and friendly prices.  It means that there is no more solo human decisions to pay or not to pay, no more lingering manual claims handling procedures.

[fight-T]

70% of my savings, I often invest in things that generate passive income, this will be less profitable but very safe. The remaining 30% of my money will go to the venture capital market but bring in more profits.

[Fantastic33]

I think, the best way is to invest the money on business or stock market. There are lots of small businesses that you can open, but it depends on what kind of business you want. Look for something that fits your interest and be focused on it. There are alo a lot of different stock market that you can choose. Just look around and read about it.

[jojowar]

Wise thing to do with your savings is to invest it but before you invest into something, make some feasibility study and research so that you will not result into loss.

[Sled]

Wise thing to do with your savings is to invest it but before you invest into something, make some feasibility study and research so that you will not result into loss.

Or just study and do a lot of research for different opportunities so it will be enough for you when you will finalize your decision and it is when you will use your savings to invest into something that you like and you want to put your hard earned money. Savings should be kept in your cold storage if you don't have the final decision.

[cruz06]

The best thing to do with your savings is to save it until you grow old. I mean, you dont need to spend all of your savings. You need it for your future expenses. Just dont spend all of it. Be wise.

[clairdelune]

Wise thing that you can do with your money is to invest it to something that will make your money a big profit, or invest it with something that will work for you to earn like in BTC if you will invest on it you will earn big. Then in mutual fund they will do the work for you to make your money big. If you just put your money in the bank it will not earn you big it will just stay the same bank is the one that hodl your money like a wallet it will not help you to earn you big.

[Squa7ch]

I save 20% as cash for emergencies.
40% in bank savings account.
40% in stock and crypto.
This works for me well because 20% of cash still serve me I need money on car or house stuff and maintainance. If I really need money i'll take some money from the savings. But I never take money out of investments. Those money in there will grow over time.

[BitcoinMarketer39]

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 with your savings is invest into bitcoins because the market price today is keep on growing so you will surely earn a huge amount of profit or you can start your own business in order to have a passive income.

[Ezmael Wright]

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 better if you invest it because our money is growing here. And 20% is put into the bank so it's our available emergency fund. It is better to be smart because we do not know the market movement.

[Crystal24]

Personally, I keep back 30% of my savings as a back up , in case of emergency expenses.
I invest back 50% and then use 10% to take care of me.

[PlusOne88]

I would suggest that savings will never be invesvested on a 100 percent since we do not know if we will be successful in our planned business. So for me it would be good to atleast set the minimal value or amount that you are not afraid to lose otherwise you will get so panicked each time you will see that you are losing some investment. And fear is not so good for me. It will only cause a lot of trouble.

[bizalaz]

It is good to allocate 20% for emergency but not advisable to keep as time deposits, just put it on bank as savings so itbis easily accessible.

[megatrix]

I believe that emergency funds should always be ready to be use and not in a time deposit account. It is also not to be used as an investment fund since it is for emergency not for investment. You don't want to sell all your investment once there is an emergency, that is not just right.  So the wise thing to do is to segregate your money into tithes, investments, emergency funds, utilities, groceries, loans etc.

[IGP50]

Always try not to spend more than what you use to get during the day. Allocate monies to their respective portions. Save not less than 20% of what you get everyday. Remember to spend wisely.