Keeping money is essential

[Augusta]

Yes have a budget to track your expenses and have a clear picture of your spending habits and help you identify areas to set financial goals.

 

[Starmix]

Keeping money is essential to avoid panic when learned you don't have cash available on that moment of need.

 

[Sanjeev]

I always feel one should have some good amount of money in their saving account to deal with the emergency. One should not only focus on the investments only.

I have been thinking of buying mutual funds now. I have been thinking of some investment.

 

[Starmix]

There's always money we can use in times of need from our savings. We cannot just pull out money from our investment though it's a short term investment.

 

[Sanjeev]

Yes, that's true we should not take out money from our investment. We should keep some money in our saving account for emergencies.

 

[Xtynehappy]

That one is a very wonderful exercise for that reason. Unfortunately not so many people are into that.

 

[Starmix]

Saving is very essential. There is no one to give us money in case of emergency even to borrow, it is very hard. You will feel; the brutality of life if being refused, so better save.

 

[eLdavis]

Yeah, that surely happens, we never know how the days go . There are times we might run out of money and only the one we keep can answer our problems

Yes, like recently I have found myself in situations like this so many times. Even now some unexpected expenses came up, luckily I had some money I have kept aside before, that's what saved me.

 

[Starmix]

Yes, like recently I have found myself in situations like this so many times. Even now some unexpected expenses came up, luckily I had some money I have kept aside before, that's what saved me.

You're very good on that keeping the money before the need happens. It's crucial to think without money in times of need.

 

[Fidelia]

Is keeping money the same thing with saving money? That seems to be an overflogged topic here.

 

[Starmix]

Is keeping money the same thing with saving money? That seems to be an overflogged topic here.

Keeping and saving are not the same thing if you only analyze. To keep is temporary, short, and transitional, whereas to save could be permanent according to your aim .

 

[freelancermaria]

Setting a budget is essential, and it is important to stick to it. I use a digital bank that allows me to allocate funds for personal savings and to build an emergency fund. It is user-friendly.

 

[Trush Jodie]

You should have some money kept in cash and in bank account. With that, you can optimally tackle needs as they arise.

 

[Starmix]

It's essential to keep money at home for urgent need like buying of fruits and vegetables. The vendors of these do not have a credit card swipe machine. Saving is for the bank for future use.

 

[Hate2Wait]

It's important to have a sufficient amount of Cash in hand at all times because there are vendors, sellers that does not accept card or online payment and there are times when the bank server is down so better to have a backup.

 

[Starmix]

I always have money in my wallet. When there is a fish vendor coming to home to sell their fresh catch, I buy their fish right away. A credit card is not acceptable if course they are fish vendors no machine to validate card he he.

 

[Suba]

In my opinion, keeping money is not important and not useful, if you keep money under your pillow for any length of time it will not be useful, even its value will decrease, so it would be better if you allocate it to stocks or property.

 

[Starmix]

Keeping money at home is essential whether you like it or not. What will you buy if there's no ready money you keep. Not all stores accept or having an. ATM swipe machine. For stocks spend what you save. That's the purpose of saving for future use.

 

[Hate2Wait]

You don't need to keep a huge amount as it will be risky and will invite unwanted trouble and you need to keep that in the safe custody so best to keep an amount to pay your daily bills and not more than that.

 

[Starmix]

You don't need to keep a huge amount as it will be risky and will invite unwanted trouble and you need to keep that in the safe custody so best to keep an amount to pay your daily bills and not more than that.

I only keep a small amount daily like $40. It's for an immediate need like buying of fresh shrimps, crabs, lobsters and favorite fish delivered to home every early morning by our fisherman neigbor. He delivers fresh catch early morning for breakfast, lunch and dinner. We support our fishermen here.