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 agree. To add on it, what I highly suggest is to have a "Forgot Money". What I mean is to create a bank account and put a certain amount that could save you enough for 1 month then leave it alone. Do not think about it. So when the time money is needed, you have something to rely on, on top of the emergency fund.