Wise thing to do with your savings.

[Faxmate]

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 .

Yeah friend, passive residual income has almost the most followers in the modern world especially investors. They invest somewhere where there is high chance of making profit like investment in the crypto market in the current time is a sight for almost all investors. So a high demand of professional investors reflect the trust towards us and then our plan towards it of benefit and sometimes huge.

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[Naida_BR]

I personally find the best wait to do your savings is to invest them.

If you are able to invest in a "safe" investment you will be able to earn passive profits that will give you the opportunity to do activities you like or you have dreamt about such as traveling, sightseeing extreme sports etc.


Savings is the best way to increase your passive income!

[Pancheng]

Saving is saving.... Allocation for emergency is allocated for emergency....  Do not use if for investment on crypto instead from this moment you should allocate three percent to five percent for it....  It is better decission

[2start]

The wise thing to do with savings is investing or developing a business. saving money is very good to use for investments that the value always goes up, for example: buying land or you can also raise livestock such as goats and cows, so that your money will increase.

[Domicbora]

Doing business is pretty amazing, investing is great in term of profit making. Saving is not that profitable especially if you put it in the bank so make sure not to put too much money on your savings, find ways on how your money can gain profit.

I like one thing in the start that it is better if you have decided to start with savings only otherwise it will hurt you if you are not well here. The first priority should be your knowledge to educate yourself about the modernism and the crypto investment. Now if you have learned then invest it in Bitcoin for long term or in Ethereum while for short term Litecoin is always here.

[gurang]

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 smart things you can do with your saving is to spend it in a good way you can build your own business

[Papcio77]

You are trying to get profit so be stick here in crypto currrecy. Its better to buy a long term project instead of interest on banking.  Even an eth or btc are enough to hold. No risk for me, so its seems to deposit but still gaining profit. And if need money, just withdraw

[aditasetia123]

Saving is saving.... Allocation for emergency is allocated for emergency....  Do not use if for investment on crypto instead from this moment you should allocate three percent to five percent for it....  It is better decission

do not use emergency funds to invest in risky places, such as forex trading, stocks markets or cryptocurrency. if we use the funds for trading, and it turns out we are losing this is very dangerous for us. especially if at any time we need the funds.

[reliable]

You are trying to get profit so be stick here in crypto currrecy. Its better to buy a long term project instead of interest on banking.  Even an eth or btc are enough to hold. No risk for me, so its seems to deposit but still gaining profit. And if need money, just withdraw

As market have fallen back so another opportunity for people to make some good money in short time as market will start recovering very soon and again it will be aback to 8k levels. So people can make 1k $+ easily in some times itself on 1 btc.

[jambul_kribo]

Saving is saving.... Allocation for emergency is allocated for emergency....  Do not use if for investment on crypto instead from this moment you should allocate three percent to five percent for it....  It is better decission

do not use emergency funds to invest in risky places, such as forex trading, stocks markets or cryptocurrency. if we use the funds for trading, and it turns out we are losing this is very dangerous for us. especially if at any time we need the funds.

good suggestion , using emergency fund make our emotion and psychology uncontroll.we are worry if coins that we bought before suddenly falling and we are getting lose.

[fiend91]

The best way to make my savings - to start investing in bitcoin as a new and additional source of income, it will help to save on our future.

[Impulseboy]

I would not use that emergency fund to invest in cryptocurrency. Instead, I would allot a separate percentage of my earnings and use it to buy bitcoins. The crypto world is very risky and as tempting as this digital currency sounds, it might be better not to stake your emergency funds all on bitcoins.

[trako]

I am investing gold as an emergency fund. and some cash. I keep it in a remote environment from the internet system. because I still do not trust governments and security measures. It is always good to be under elimination. Of course not for the high money.

[SolomonSollarsNSense]

The wise thing to do with savings is investing or developing a business. saving money is very good to use for investments that the value always goes up, for example: buying land or you can also raise livestock such as goats and cows, so that your money will increase.

I have always did the same thing and my father before me did this as well. If we have some leftover money to put aside you start by just putting it in a jar if the amount is too small.
Than when it comes to a point you go and buy stocks of your own bank just to save it there easier. After that you share it amongst bonds, stocks, gold and foreign currency if you are living in a third world country like me. Having bonds, stocks , gold and dollars/euroes has been a life long investment for both me and my dad, now of course I left some of my earnings in btc.

[Herdawnia]

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 for me I think your required that you have to save for your future, Its not always that you have to risk your resources just to keep your investment evolving. with the total 100% earning it'll be 20% for your future or even just fall back. imaging you already have 80% to keeping working on. 20% is not that much.

[randall_boss]

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 don't think that 20% is the important part. An emergency fund should be money that you can use in case of an emergency. The best example of such an emergency would be if you lost your income. Usually people say that enough money to life for 2 months is a good emergency fund. If you can increase that, that would be great. Perhaps you could get up to 6 months of emergency money, or even a year. The idea is that in that period of time, you should definitely be able to find other income. I think that a year may even be too much because you may get a bit lazy knowing that you have enough money to live for a year. Any money over 6 months, I think it would be better to invest somewhere. I don't quite have enough to start investing, but I'm planning on it soon.

[Sakira72]

I have been investing in crypto with my most money and I most say I have no regret of investing in cryptocurrency ,it was the wise decision I have ever make.And i belive i will get my reward very soon.

[win365]

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?

One of the best things that you can do with your savings is of course to make them work on yourself that they will bring you a profit that you deserve and it will be a passive income as well, just do it.

[Vs225655]

At the moment, I am putting all my savings into my own home. And of course, it's better to invest in crypto currencies. Here earnings are 200% faster than in other ways.

[fitchwar]

It is very possible for a person to invest in something one time and continue to earn from it. Think about television. Actors spend an initial amount of time preparing for and recording a show, but continue to get paid for it every time it is on television. That is just one example. There are many more out there.