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Author Topic: Wise thing to do with your savings.  (Read 6447 times)
BCSHonda
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September 06, 2018, 09:51:26 PM
 #1661

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
 #1662

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, 04:20:10 PM
 #1663

Studies show that married people earn higher incomes, have twice the assets at retirement, and live on 25% less than what comparable single people would need to live the same lifestyle. Statistically speaking, staying married is good for your finances.
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September 10, 2018, 07:15:15 PM
 #1664

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.

Firefox07
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September 10, 2018, 08:46:29 PM
 #1665

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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narukami
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September 11, 2018, 12:17:30 AM
 #1666

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.

lynlyn
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September 11, 2018, 10:42:47 AM
 #1667

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?

For me my savings l used it to invest in a business so that l have a stable job for the future of my kids. I have to secure the future of my kids because l don't know what will happen in the future. I'm really thankful for bitcoin because in many things it helps me provide the needs of my family.
Yes I agree with you and for me also I will use my saving for emergency porpuses it is 50% of it. Then, I will also spend it for my wants it is 10% of it and the 30% is that I will save it again and planning to buy a property.

blacknigga
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September 11, 2018, 12:25:26 PM
 #1668

I'm leaning towards Bitcoin, I'm almost 99% certain that's the way to go, but fear sets in and I think maybe I should invest half in Facebook shares just to diversify and be safer
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September 11, 2018, 12:50:36 PM
 #1669

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?

For me my savings l used it to invest in a business so that l have a stable job for the future of my kids. I have to secure the future of my kids because l don't know what will happen in the future. I'm really thankful for bitcoin because in many things it helps me provide the needs of my family.
Yes I agree with you and for me also I will use my saving for emergency porpuses it is 50% of it. Then, I will also spend it for my wants it is 10% of it and the 30% is that I will save it again and planning to buy a property.
I see a lot of opportunity in crypto investment but I usually buy coin those already in the exchanges and have it grown by playing trading tactics even a little profit so I always prefer to use all my savings in buying coins for it will generate profit unlike putting just in corner and making it sleep.

alizalela7
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September 11, 2018, 01:00:36 PM
 #1670

If you have a certain amount of money that you do not need, you should join the transaction as it will help you make a profit if you trade successfully.
nyobaanweh
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September 11, 2018, 01:01:56 PM
 #1671

just Remember, If you are spending more than you earn, you will never get ahead so you can simply Create a Spending Plan & Budget as a first step also you can try to Stay Out of Debt & Prepare for your Future .. what i mean by preparing you can set savings goals
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September 12, 2018, 02:56:05 PM
 #1672

we should all be aware that crypto might be very profitable but on the other hand it is not very easy to turn into cash in a very short time period. so keeping your money in crypto for emergency cases is not a very good choice i guess.
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September 12, 2018, 03:34:20 PM
 #1673

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?

Respected Sir, I think investment is always a very sensitive issue, many people lost their hard earn money by making mistakes while investing. I think we should not retain ourselves to one type of investment, Better is that we do multiple savings according to our plan. Invest in stock, gold, real estate, and livestock.
Buttermellow
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September 12, 2018, 03:41:50 PM
 #1674

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?
Really you had a lot of money their since your earnings could compensate the needs for emergency even if it is 20% of  your earnings. I myself could even hardly get the food for the family and i letting myself down of course because though i am poor i am still doing great in life with family, friends and relatives and of course with God.

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Waleed rose
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September 12, 2018, 04:11:33 PM
 #1675

If you are a student or a business man and you want to save your money and want to double it by doing nothing then your first and last choice should be bitcoins because the prices of bitcoins are going higher and higher so without wasting your more time I'll suggest to buy bitcoins.
regnidorhcs
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September 12, 2018, 05:55:34 PM
 #1676

Personally, what I do with my income is to ensure that I will follow my budgeting goals. This is how it looks like, 10% tithes, 10% investment, 10% emergency money, 10% for my self (anything I want to do or buy) and the 50% would be for the utilities, all the payables, allowance and loans. It is not easy to follow since there will be times when the 50% would not be enough for all the things you need to pay for the month, plus you really have to be disciplined and have a strong focus on your goals.
 

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September 12, 2018, 05:59:46 PM
 #1677

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 one's earnings is investing in real estate in a more or less stable country.
The value of such a property is unlikely to go above several percent annually, but you can always be sure about the safety of your investment.

Sum24
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September 12, 2018, 08:13:45 PM
 #1678

If you have a certain amount of money that you do not need, you should join the transaction as it will help you make a profit if you trade successfully.
This is really a wise thing you use to do because keeping a lot of saving but now investment is useless and it will give you nothing but your money will only get rusted, same as you I have decided to invest my money, the more I will invest the more it will get double and increase with time, the other thing we all need to do it try to earn more than you spend so this way you will earn good amount of money for your future.

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Morgann
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September 12, 2018, 09:35:40 PM
 #1679

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 to invest even more in the market while the prices are still dumping or you can start your own business in order to have a passive income monthly.

marine4u
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September 12, 2018, 09:55:02 PM
 #1680

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?

Respected Sir, I think investment is always a very sensitive issue, many people lost their hard earn money by making mistakes while investing. I think we should not retain ourselves to one type of investment, Better is that we do multiple savings according to our plan. Invest in stock, gold, real estate, and livestock.
Financial investment is basically a risky business that investors have to accept. Investing in your savings helps investors increase their assets but can also take risks at any time. Therefore, it is advisable to have a proper investment strategy to use the amount of savings appropriately.

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