That is how people should manage their finances, basically. Keeping all your earned money and savings in a bank account is just not that advisable since there are various kinds of investments available that could be committed into. Distribute your saving into different investment so they could grow individually.
There are lot of things to do with your savings, but of course if I were to ask I would require it for us to at least invest some in crypto, invest some in real estate and save some of it, it is important to maximize what we do have, don't wait for the moment for it to just vanish but you need to invest it wisely.