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Author Topic: Wise thing to do with your savings.  (Read 7659 times)
Bitcoinbitcoin0909
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September 04, 2018, 03:39:16 PM
 #1641

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?
Just don't spend too much from your savings knowing that its function is to maintain your financial stableness and be a great help whenever you need it. Try investing only 20% and if that grows, invest another 20% but don't get too excited whenever you gain success to the point that you will go all in with your savings or else you will end up regretful about it.

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September 04, 2018, 03:59:44 PM
 #1642

Hold as much as you can, when Bitcoin or altcoins surges in prices that is the time to sell it out. But I've preferred half of it then the rest is for future pump. So we really need to be wise saving our money because at the end we can't be sure cryptocurrencies will be forever. Smiley Smiley
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September 04, 2018, 04:04:26 PM
 #1643

my hope for the money that I save is for lunch in the future and to be on guard when something happens that is indeed emergency, but besides that the money I save can increase without us having to add it in the sense that the money we invest and from that investment we get a profit, besides being safe investing is also very profitable

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September 04, 2018, 05:22:49 PM
 #1644

Maybe I will put it on the stock market. But pick a market wisely a market that you know someday will grow for you to have bigger income or maybe start a online selling.
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September 04, 2018, 05:37:58 PM
 #1645

Challenging a day without spending money, watching for pepper, listing items to buy, cutting down on unnecessary needs ... are simple ways to save money.
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September 05, 2018, 06:45:49 PM
 #1646

to be non-consumptive, avoid buying things that are not needed.
I think it's the best way to manage your finances.
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September 05, 2018, 08:58:25 PM
 #1647

I do not know how wise they were to live on all my savings as the last time - traveled, helped my parents and once again traveled
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September 06, 2018, 10:14:11 AM
 #1648

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?
Just don't spend too much from your savings knowing that its function is to maintain your financial stableness and be a great help whenever you need it. Try investing only 20% and if that grows, invest another 20% but don't get too excited whenever you gain success to the point that you will go all in with your savings or else you will end up regretful about it.
Always keep extra money that will be helpful in any kind of emergencies or occasional needs also require money so you have to take care of it. Besides your needs you have to invest in a source that has potential to give you god returns especially in the crypto business we have Bitcoin and if you do not have big savings then start from less valuable crypto coins like Litecoin etc so you will get profit as well.

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September 06, 2018, 10:17:49 AM
 #1649

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?
best thing is to spend it in a right way and think if it is helping your family also help them through financially

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September 06, 2018, 10:46:30 AM
 #1650

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?
best thing is to spend it in a right way and think if it is helping your family also help them through financially

Yeah, and aside from that maybe we can open a business that will also give us good profit aside from trading and investing because not all the time market is in good condition.

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Ezenwanyi1
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September 06, 2018, 10:57:55 AM
 #1651

Wise things to do with your savings is investing a certain percentage for more money.
Diversify the investments too.
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September 06, 2018, 11:17:40 AM
 #1652

Wise things to do with your savings is investing a certain percentage for more money.
Diversify the investments too.

Yes, we should not focus on cryptocurrencies only as market is not always up, most of the time it is down and we cannot get good profit from following it always.

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September 06, 2018, 04:17:53 PM
 #1653

I think that the emergency saving shouldn’t be limited by the percentage of 20. In my opinion your emergency saving should be the amount that will guarantee you the life without any debts before you started that business. I believe this is the right way of taking risks in a rational way.
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September 06, 2018, 09:03:34 PM
 #1654

Not really advisable to put such amount in risky investments unless you want to take a big risk. It is better left untouched in my opinion. And what I mean by left untouched is have it in stable currency like fiat. You could even lock it away in fixed deposit. Most fix deposit would earn you a minimum of 5% annual interest.
I wouldn't risk my emergency fund in Cryptocurrency at this moment even though I'm a bit of a risk taker.


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September 06, 2018, 09:51:18 PM
 #1655

For  me  you should  invest  the  money  allotted  for  investment   not the  money  from your  emergency  fund . I would rather save  money  for my  future investment  like  what  I'm doing  today  I divide my salary  into  5   I have allotted   10 % of it for   future investment. Invest   money  you willing to lose  Wink

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September 06, 2018, 09:51:26 PM
 #1656

Not really advisable to put such amount in risky investments unless you want to take a big risk. It is better left untouched in my opinion. And what I mean by left untouched is have it in stable currency like fiat. You could even lock it away in fixed deposit. Most fix deposit would earn you a minimum of 5% annual interest.
I wouldn't risk my emergency fund in Cryptocurrency at this moment even though I'm a bit of a risk taker.
I think it only suits those who have idle money. Then may dare to challenge this. And no, it's best not to risk it.

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September 08, 2018, 12:22:42 PM
 #1657

There are no major financial decisions or major purchases that need to be made on the spot. In fact, being pressured into making a hasty financial decision is one of the warning signs that the deal might not be as good as it seems.
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September 10, 2018, 07:15:15 PM
 #1658

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 money you save up is to start your own business in order to have something that you will use on your financial problems.

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September 10, 2018, 08:46:29 PM
 #1659

I think the wises thing to do with your savings. Is look for a good investment and invest your money into it. And let your money work for you.

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September 11, 2018, 12:17:30 AM
 #1660

The best thing to do with the saving is to invest it wisely in order to yield good money
Saving money is a great savior one day, saving atleast 10-20% of your income it's a big help when you need it someday. It's important to spend it for your plan, like building a business or lend it for future use for family.

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