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?
simply not! time deposit will give you small money compared to investing in cryptocurrency (well only applies if you are lucky enough to earn a lot from it but more or less investing on it will have bigger gains compared to earnings from a time deposit).
the importance of having an emergency fund is not to earn but rather to have a cash you can immediately use for some events you don't foresee.