How Do You Manage Your Savings

[Nomad]

You will always need some cash at home for daily or urgent needs, however, keeping large amounts of money at home is not a proper way to save money. Saving at home, something like saving in piggy banks is only for children. Adults need to save in banks, especially in high yield saving accounts. Inflation can reduce the value of cash, however, saving in banks can at least give you some interest, and also keep your funds secure. When saving, always aim for high-yield savings accounts. You also shouldn’t save your all money in cash, you also need to save in liquid assets such as gold.

 

[Springtime]

I just put about one thousand US dollar at home for emergency use. Some of my money are put in my bank account, some for making investments such as stocks, mutual funds, bonds and gold.

 

[Starmix]

I applied for a time deposit investing in stocks, postal savings, and capitalizing my online business. My offline business capital is from my savings. I always have cash at home.

 

[eLdavis]

I have a separate account i keep aside for savings, then i have another account i use for saving. This is how i manage my savings.