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Invest the savings

Postby Yugocean » 13 Apr 2023, 04:13

You must be saving while making your household budget, but you cannot keep your savings in a piggy bank because inflation keeps on increasing. By comparing the value of things five to ten years ago with the present value, you will come to know that today's savings have become victims of inflation. So put the savings into investments so that they can grow. When you need it in the future, then its value will also be in proportion to the market value.
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Re: Invest the savings

Postby augusta » 13 Apr 2023, 05:18

Exactly saved money can give us more money. it is better to do a good research to know where to invest
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Re: Invest the savings

Postby nela13 » 13 Apr 2023, 14:14

If we don't invest our savings properly, our money will lose value due to inflation, most of the banks offer very low interest but there are better options, even though most of them don't cover the inflation.
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Re: Invest the savings

Postby Xynehappy » 13 Apr 2023, 22:34

I actually have never started the journey for saving money. I however will look for a place where I can invest my money to grow it.
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Re: Invest the savings

Postby Nsikan » 29 Nov 2023, 06:38

Unless the piggy bank offers up to 30% interest per annum. Won't keep my savings there. Even with that, inflation can wreck that money. Investing with it would multiply it.
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