Quote from: ivandu on May 25, 2018, 06:19:20 AM

Quote from: Kolly on May 25, 2018, 05:41:54 AM

Quote from: Pumapipa on May 25, 2018, 05:03:52 AM

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?

Emergency funds are not to be deposited in a time deposit account. Time deposit accounts have specific time before you can withdraw it and you can never tell when you are in need of it. Also it is not wise to invest emergency funds because you are doing away with the main purpose of such savings.

better to use emergency fund in correct way.as it name " emergency " that used for urgent need.if we use it as invesment , while we need this money, to hard to liquidate.

Yes I agree with you, emergency funds from our savings are must be use for emergency happenings, for us to have something to get urgent, and bitcoin is a great help to increaseOur savings.