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How much money should you have in your savings accounts? Do you need to save money even when you already have a lot of money on your saving account?
My savings depends on my problems. What I mean is, what I saved on daily basis or monthly basis is what will solve most of my problem. Some my problem which I think saving can cure may include, loans, budgeting, peace of mind, health care and others financial problem. Saving can help me work towardsRead more
My savings depends on my problems.
What I mean is, what I saved on daily basis or monthly basis is what will solve most of my problem.
Some my problem which I think saving can cure may include, loans, budgeting, peace of mind, health care and others financial problem.
Saving can help me work towards my financial goals, such as buying a home, starting a business, or taking a dream vacation.
So this is what that will determine the amount of my monthly saving.
See lessI usually prefer saving, especially when it is hard cash, with a purpose. Like I have a clear target for what I want to buy and so I know how much money I need. I open a target savings account and save till I reach that amount. When I am not saving for a specific goal, I like to invest my money, preRead more
I usually prefer saving, especially when it is hard cash, with a purpose. Like I have a clear target for what I want to buy and so I know how much money I need. I open a target savings account and save till I reach that amount.
When I am not saving for a specific goal, I like to invest my money, preferably in assets. At least that will make my money grow. With that, there is no limit to how much I invest.
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