Where do you like saving money to, at home or on a bank?
- Thread starter Stardom22
- Start date
In my country banks cut a lot of fees, be it admin fees, withdrawal fees, ATM fees etc., so if we save $70 without activity in just a few years the balance will be zero, besides banks don't give interest, so I don't save much money in the bank .
I like both options, but I have been saving more money at home. I have been doing it for quite some time now. However, I am thinking of depositing some of it in the bank and investing the rest.
I mainly put my money in bank. Interest rates are pretty high these days. If you put money in a fixed deposit account, the interest you earn is quite good. At the same time, I also have some money at home just in case I need to do house repair or for emergency use.
most money that i keep at home i always end up spending it lavishly but the ones at bank do stay a while before i spend it finish
So i prefer saving money in the bank
So i prefer saving money in the bank
Keeping money in the house will not generate interest. I only keep cash that is required for spending Rest is kept in the bank.
Same here sometimes I don't even want to have raw cash on me. I know I would misuse it.
