Doo you think people should not just leave money to be idle doing nothing?

[Fidelia]

People always say that it doesn't make sense to leave funds idling away doing nothing. Is it every money that one has that needs to be purposed? Can't someone just have funds that is idle? What is wrong with just having idle funds?

 

[eLdavis]

Just leaving the money there is like keeping it for later use. The best thing would be to either invest it, or keep it in a savings account that can generate interest for you.

 

[Kera]

If it is not emergency funds, money being kept idle is completely wasted. Money should always be utilized.

 

[Springtime]

Don't leave money under your pillow. If you have idle money, at least put it in the savings account though interest is small. As the amount accumulates, start thinking of investment.

 

[Augusta]

Yes, no need having Idle cash sitting around earning zero returns, whether it's stored in a safe, held in a checking account with no interest, it is better to utilize it

 

[wisdom01]

Yes, no need having Idle cash sitting around earning zero returns, whether it's stored in a safe, held in a checking account with no interest, it is better to utilize it

Make it work! Invest or put it in a high-yield account to grow your wealth over time.

 

[neku]

In some cases, the money is required after a few weeks or months, so the account holder prefers to keep the money in the account, instead of making a deposit.

 

[wisdom01]

In some cases, the money is required after a few weeks or months, so the account holder prefers to keep the money in the account, instead of making a deposit.

Makes sense, liquidity is key, keeping it accessible for when it's needed!

 

[Augusta]

No need having Idle cash sitting around earning zero returns, whether it's stored.

 

[Min George]

If that money is not emergency funds, please put it into something so that it can make good yield for you.

 

[Augusta]

Yeah if it not an emergency fund, look for what you can do with it, than nothing. Remember half bread is better than none.

 

[Stardom22]

The act of leaving money lying idle in banks or at home doesn't help one in any way. The best thing is to invest in the money and earn some interests monthly.

 

[Fire&Rain]

it’s totally fine to have some money just chilling. Not every dollar has to be hustling in stocks or savings accounts. Sometimes it’s nice to keep a bit idle, it’s like having a cushion you can grab whenever life throws something at you. People make it sound like idle cash is wasted, but really it’s just peace of mind money. Nothing wrong with that at all.