Post
Topic
Board Economics
Re: Wise thing to do with your savings.
by
Biggapp
on 15/06/2018, 20:33:52 UTC
The only time you shouldn’t save, or invest is if there are more important things you need to do with your money.
Now that you’ve got an emergency fund, it’s a good idea to save up at least 10% of your earnings each month (or as much as you can afford).
Set yourself savings goals and put away enough to buy what you want. This could be a house deposit, a wedding, or a trip.
You could also start to think about investing your money
The wisest thing to do with your saving is to invest them in profitable and risk less assets. Before actually making the investment, one should do the evaluation of an asset in terms of risk, profitability and stability. If these things are feasible from the point of view of an investor, it will go well. Besides, you can also invest in property business and businesses like real estate and others which often need big money but ultimately pay off.