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?
mathematically emergency funds are needed in the lives of everyone for unexpected needs that is when the situation is urgent. That is of course a very wise activity when you keep 20% of the money you have. but besides just storing it, of course you can allocate to a form of long-term investment because it will be very profitable.
yes we need to sort our funds depends on how important will be using the funds, you are right about spending some percentage in our daily livings and some should go in our crypto investments.