Keeping money

[Hate2Wait]

Ideally we should keep money at home and in our Wallet because there are times we cannot pay online or should pay via cash

 

[Starmix]

I have cash at home and savings in the banks. There are stores that require cash only no machine for a credit card.

 

[Stardom22]

Money is mostly preferably saved in the banks for sure. I have realized that's the only safe place to keep money on.

 

[Starmix]

Keeping money and saving money is different. To keep means money to be used right away while saving, it's for future use like business for capital.

 

[grigorie888]

Money is mostly preferably saved in the banks for sure. I have realized that's the only safe place to keep money on.

What other place did you try to keep your money?

 

[Hate2Wait]

We should keep a decent amount with us that we can use in any emergency and no need to keep a very big amount

 

[Starmix]

I always keep money at home for several purposes. The amount I keep at home varies.

 

[Hate2Wait]

Its important because still many people don't accept online payments and there are times when we prefer to pay via cash so its important

 

[Starmix]

Not all stores have a machine validation for a credit card so cash is used.

 

[Hate2Wait]

Keeping cash is important but you should not keep a very big amount at home or office and its also not safe

 

[Springtime]

First of all, you have to work to earn money. Then keep your money in the bank and/or invest to grow your wealth. Spend your money wisely. Never spend more than you earn.

 

[Starmix]

Live in frugality. It is not a crime doing it but rather appreciation of your solid decision. You won't feel hungry.

 

[Hate2Wait]

In many countries there are rules where we cannot keep cash of more than certain amount so we need to follow this too

 

[Starmix]

There is no policy in the Philippines like that. People have freedom to keep their money at home but not to broadcast it.

 

[grigorie888]

In many countries there are rules where we cannot keep cash of more than certain amount so we need to follow this too

I think as long as you declare to the government the amount of money you have and the legitimacy of where you got that money, you should be okay.

 

[Starmix]

In the Philippines, one can only declare his money if millions. It must be declared for protection for the owner to transfer it to bank for safety measures.

 

[Kosi G]

It is right to keep little money in the home for emergencies that only require cash payments.

 

[Starmix]

I always keep money at home in thousands. I need to do it for marketing goods that do not have a credit card machine.

 

[Hate2Wait]

We need to see what works for us and should follow that, we need to save money and keep some amount with us so that we can buy things that we need urgently

 

[Clandestine]

When you have accumulated funds, you would need to start a business first to build active income before you invest for passive income.