Wise thing to do with your savings.

[summit26]

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 the saved money is to put in the bank but as much as possible you have the investment in order to grow your money just like in cryptocurrency and instead of put all your savings in the bank for you to be safe as well.

[1713941476]

1713941476

[t3ChNo]

I prefer investing in real estate. If you get a great location, you're absolutely sure that the prices jack up.

[Aiiimm]

I think the best wise thing to with your savings is just to invest but be wise and careful because scammers are all around now just be careful and put in bank for the future of your children and your family and dont spend your savings in bad or risky ways

[ryap12]

For me, the best thing I do if I have a savings of $10,000 is to join an altcoin privatesale which gives more bonuses, I will HODL until I am satisfied with the profit it makes then I will convert it back to fiat or a major coin so I can re-invest it again for other altcoin private sale. But it is going to be very risky so I have to be very careful in choosing. That is if I have $10,000. Ahahaha! I dont even have a thousand dollars.

[boled]

I still believe in bitcoin and I love ethereum. then crypto be my choice to invest, rather than silence my money in the bank. I've started this for a long time and always enjoy every moment of the price movement going on in the crypto world. when I make a profit, divide it into 3 parts. save in the bank as a reserve fund when something unexpected happens, invested back into a different crypto and the last part I use for daily shopping needs.

[Antonyo]

There's only one thing that you can do wisely on your savings. It's either you will invest it for business or invest it in cryptocurrencies or even stocks. But before you make investment, I prefer to you to gather information first.

[Babyhouse]

The best thing to do with savings is to invest it like in cryptocurrency such as Bitcoin. Although investing evokes risk, there is opportunity that your savings might grow overtime rather than putting it with other sidelines.

[Ailmand]

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?

Well, whatever strategy one does, as long as it is working, and whatever percentage one is alloting to their expenses and savings, what's important, I think, is the aspect of discipline that one should have in order to actually make it work, not just for a short time, but for a long time. That's what most people lack that's why they can't put up a decent amount of savings, for me, I can be a quick saver, most especially when I have something that I am saving for, I am not the type that can save aimlessly, so from time to time, I set my eyes on something that I want to get, whether it's cheap or expensive, at least I have a goal in mind.

[Bella Thorne]

Just deducting the 20% and putting it there isn’t going to make any difference in the near future, the best thing to do is invest the monthly allocation of 20% into something that going to make you money.

It is really wise if we will put our savings into cryptocurrency becuse right now there are so many crypto that can make us very profitable and i am sure that when we will put our savings on ethereum or bitcoin, we can able to became profitable.

[Rumayanhi]

I do not think Emergency Funds should be kept in a time deposit account. A time deposit account has a special time before you can withdraw it and you never know when you need it. and Emergency Funds also should not be a percentage. The point of an emergency fund so in an emergency (such as losing your job, natural disaster, etc.), you have the reserves to survive until you can bounce back. This should be a fixed amount that you think will give you enough to live without a source of income for the next few months

[mcabrito]

Just deducting the 20% and putting it there isn’t going to make any difference in the near future, the best thing to do is invest the monthly allocation of 20% into something that going to make you money.

It is really wise if we will put our savings into cryptocurrency becuse right now there are so many crypto that can make us very profitable and i am sure that when we will put our savings on ethereum or bitcoin, we can able to became profitable.

For me the wise thing to do is invest half and keep half for emergency purposes, we dont need to invest all our savings because there will always be a time that we would experience loss in investments.

[Muzika]

Just deducting the 20% and putting it there isn’t going to make any difference in the near future, the best thing to do is invest the monthly allocation of 20% into something that going to make you money.

It is really wise if we will put our savings into cryptocurrency becuse right now there are so many crypto that can make us very profitable and i am sure that when we will put our savings on ethereum or bitcoin, we can able to became profitable.

For me the wise thing to do is invest half and keep half for emergency purposes, we dont need to invest all our savings because there will always be a time that we would experience loss in investments.

in cryptocurrency world loss of investment is very usually especially when the market turns to red you need to wait until the time that the price recover since it was an investment you need to sit your capital for a couple of years of course. Cryptocurrency is a good type of investment still.

[Kadal Ijo]

In the investment of course we must always be vigilant, there is nothing safe except to save money under the pillow, saving in the bank never made money grow so the best thing we can do is with investment.

[myown2cents]

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.

Savings are savings and it must be safe at all times. Wise thing to do with it is put the half of your savings in an investment which you can make sure it will grow even just a centavo.Without savings, unexpected events can become large financial burdens. Therefore, savings helps an individual or family become financially secure. Money can also be saved to purchase expensive items that are too costly to buy with monthly income.

The wise thing with your money is invest your money more but not all of your money. Just use half of your money with trade or investing with bitcoin hold them for long .

[Delmore]

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.

Savings are savings and it must be safe at all times. Wise thing to do with it is put the half of your savings in an investment which you can make sure it will grow even just a centavo.Without savings, unexpected events can become large financial burdens. Therefore, savings helps an individual or family become financially secure. Money can also be saved to purchase expensive items that are too costly to buy with monthly income.

Also use your funds in emergency case no one knows when the emergency appear or someone sudden want to lend your money so we can use our saving in that casing. That’s why we always prefer for holding your bitcoins and saving your money.

[terphea]

I prefer investing in real estate. If you get a great location, you're absolutely sure that the prices jack up.

These investments keep turning a profit and allow a person to do very little work and invest very little time to turn a profit.

[Lisadavis87]

If I am 20% of that income, I will invest in the safest way possible. When I need it, I can get it back, and if I freeze that amount will be no profit for me.

[bolsha]

If you are a new to investing in stock market and have limited funds, starting an investment club is a great way to learn from other investors and get hands on experience in investing. Investment club is formed by a group of people who pool their money for joint investments.

[wengweng01]

Hi

My opinion on wise thing to do with savings is,  invest it to higher possible income like own business
cause it will not stop producing more income if it continues to grow.


Thanks

[Sled]

In the investment of course we must always be vigilant, there is nothing safe except to save money under the pillow, saving in the bank never made money grow so the best thing we can do is with investment.

Saving money in the bank doesn't grow that much but the safety of putting of money in the bank is there and that is the reason why we must keep saving and putting money in the bank because we should be prepared for any worst case scenario in our lives. It is also best to do investment beside from saving for emergency fund because it will help our money grow for example, buying some good cryptocurrency in the market.