Do you save your money

[cherry123]

Yes, I save my money in the bank not that big this time due to crises. I separate my milk tea savings to other bank. I have 2 bank accounts. Saving isn't lucrative yet.

Okay then I was thinking you save with cooperative funds since some people do that here to get more interest.

 

[Passiveearner]

I have savings almost 5 years savings, but in this pandemic , I have not resumed saving. My previous money earns interest though.

Well, if you have been saving money for the past five years, then it could be a great thing. You must have had saved a lots of money by now. I am also saving money but I have started to save recently.

 

[nomad]

I save money but I cannot save a lot of money every month. However, I make sure to invest something every month.

 

[riberet19]

I invested some thru milk tea. franchising. It's a two month old business. I rented a small space in the mall in my place.

What an interesting business you rented, I hope everything goes well with it!

 

[eldavis]

Yes i try my best to develop an Habit of saving. Saving is something everyone should do, even if you have some investments working for you, but you should also have some savings for you.

 

[AruneBend]

Yes I save money for the emergency for example diseases or if I would lose my home back then I didn't saved and I'm very glad I can save now and so far I saved good money

 

[Sophie]

Yes saving of money is very important to us as humans savings and consistency are greatly related and consistency is known as the eight wonder of the world by saying this we are indirectly saying that saving is a wonder of the world

 

[Starmix]

I don't save all my money o. I save only small part of it while I invest huge part of my money. In Nigeria, inflation would not encourage one to save money.

That is a good decision to invest more and save less. There is a big difference when you profit instantly. This time I have two investments my milk tea selling and lot property buying. I can really compare the earning, but I also save 20% of my total earnings. I follow the 50-30-20 rule.

Post automatically merged: Apr 28, 2023

I only put money in the bank. However, in the future, I would like to experiment with other options, such as stocks and mutual funds.

That is so good to invest in stocks and mutual funds. I am also investing in a mutual fund. My investment capital is only 6,000 and after 6 years, it reached to 50,000. It is still there in a mutual company in our country. It is manned by PHILAM Philippines.

 

[Stardom22]

Personally, I do rarely save money. However I am currently passing through a very tough financial climatic crisis that unables me to save even a single cent for the future use.

 

[Starmix]

Personally, I do rarely save money. However I am currently passing through a very tough financial climatic crisis that unables me to save even a single cent for the future use.

Sorry to hear about your financial crises, but I know you can surpass this. Ths shall pass and you still have much time to start saving. Just have a small investment so that you can save a little.

 

[uptrendfinancialsignal]

It is very good to save a certain amount of money if you have enough cash to spent.

 

[Springtime]

I save a portion of my earnings in my fixed deposit account for rainy days. I also invest in dividend paying blue chip stocks, bonds and mutual funds. I buy physical gold coins occasionally.

 

[Starmix]

It's good to save. It's a wise move but so sad not all can save because of circumstances evading them to do such. Sometimes earnings can only accommodate the daily needs. Life is hard though.

 

[Shortie]

I was able to have savings and I did have quite a bit at the time but due to the pandemic and now the rising costs all over the world, I don't have too much in terms of savings now which I guess is probably the same for most people at the moment. We can only hope that at some point things start to get better.

 

[cherry123]

Yeah it is always good to have savings because emergency can arise that will need one to take it up almist immediately it is the money available that will help one tackle such

 

[Starmix]

I also withdraw some from my savings when the pandemic was rampaging. There was always panic buying. Foods were stored in advance because of the total lockdowns. The three-year ordeal was hard to deal and imagine.