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?
The idea of allocating savings from 20% of your income is good. But savings for emergency use or emergency fund is at least thrice our monthly expenses. Beyond the computed emergency funds is we can allocate it to investments. Diversifying investment is the best thing to be done to ensure profit. We may invest in real estate, stocks and crypto. Depending on what degree of risk we are ready to take.