Post
Topic
Board Economics
Re: Wise thing to do with your savings.
by
Gramna
on 30/08/2018, 07:47:01 UTC
Well for me the wisest thing you can do in your savings would be to invest it. Let me just be clear that this savings is not the same as your emergency funds, so you will not have any problems when there are sudden things to pay for emegency cases. Your savings, instead of putting in in the bank where it is not earning anything since bank interests for savings account is very low per annum, then the interest that your money will gain in a year will be just eaten up by inflation by the time you will get your money. So for me your best option is to invest it, just be very careful and wise about it. There are a lot of investment platform nowadays, stock market, crypto currency, real estate or even just a small business if you want, that way you know that your savings are increasing.