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ChopinList 01/01/21 12:11:49 PM #1: |
Im financially literate and those finance youtubers keep saying putting money into savings account after you have an emergency fund is dumb since there isn't much interest rates. One should try to get assets or invest it to protect against inflation.
However when I browse CE I keep hearing people say they just going to put in into savings. So what should I do CE? --- I for one welcome our new computer overlords ... Copied to Clipboard!
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krazychao5 01/01/21 12:14:25 PM #2: |
depends on your frinancial situations.
if you had thousands saved up, it's worthwhile to open online high yeild savings account. but they are variable and my 2% rate went to less than 1% but it is better than your typically savings account. honestly, if you could contirubte to an ira, you should do that when preparing your taxes and put that and any more and get a bigger refund. --- ... Copied to Clipboard!
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Romulox28 01/01/21 12:16:59 PM #3: |
its only $600, it is not large enough of a sum that you need to worry about protecting it against inflation or getting assets or w/e. spend it on some bullshit, save it towards something you want/need, or dump it into a retirement account
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Josiah_Is_Back 01/01/21 12:24:38 PM #4: |
My $0.02:
If you have exigent financial considerations at the moment, take care of those first and foremost. Even if the $600 is not necessarily enough to rectify all your situations, it will help alleviate the burden. If you are financially stable currently, set a majority of the $600 aside as emergency funds, and spend the remainder on whatever you want. Treat yourself. ... Copied to Clipboard!
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Hexenherz 01/01/21 12:28:11 PM #5: |
Really depends on your personal goals imo.
Like, I have two savings accounts I put a few hundred bucks into each month each, one is a general purpose fund (emergencies, future home improvement projects, vacations), one is specifically for a new car >_>. Then I have an investment account that I also put at least a few hundred into, if not more. --- FFXIV: Lucius Hexenseele (Brynhildr) | RS3: UltimaSuende . 99 WC/Fish/Cook/Fletch/Div/Mining/Smithing/Thieving/Crafting/RC https://letterboxd.com/BMovieBro/ ... Copied to Clipboard!
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Scorsese2002 01/01/21 12:28:39 PM #6: |
... Copied to Clipboard!
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gafemaqs 01/01/21 12:29:34 PM #7: |
Josiah_Is_Back posted...
My $0.02: Bro, $0.02 is 2/100 of a dollar... --- Not changing this sig until Biden is president. ... Copied to Clipboard!
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Bananana 01/01/21 12:30:42 PM #8: |
gafemaqs posted...
Bro, $0.02 is 2/100 of a dollar...is this a real post? --- ... Copied to Clipboard!
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JBaLLEN66 01/01/21 12:31:32 PM #9: |
I wish I could get 600 :(
--- https://www.youtube.com/watch?v=IdR2Iktffaw The day Capitalism was humiliated :) ... Copied to Clipboard!
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Hexenherz 01/01/21 12:32:43 PM #10: |
I mean ultimately TC just *saving* the money if you don't have a lot of money saved already is a good use for it, too many people don't have anything saved.
--- FFXIV: Lucius Hexenseele (Brynhildr) | RS3: UltimaSuende . 99 WC/Fish/Cook/Fletch/Div/Mining/Smithing/Thieving/Crafting/RC https://letterboxd.com/BMovieBro/ ... Copied to Clipboard!
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Jabodie 01/01/21 12:52:23 PM #11: |
As others have said of you already have an emergency fund in place, invest it or spend it.
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BlingBling22947 01/02/21 5:52:07 AM #12: |
Neither are a bad option.
--- When was the last time you heard your boy Nas rhyme? Never on schedule but always on time ... Copied to Clipboard!
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Prismsblade 01/02/21 6:08:26 AM #13: |
Along with the above. If its a issue for you paying off any outstanding debt like credit cards will save you far more money in the long run then just saving or investing. And much less headache now that you don't have to worry about interest anymore.
--- 3DS FC:3368-5403-9633 Name: Kaizer PSN: Blackkaizer ... Copied to Clipboard!
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indica 01/02/21 6:40:29 AM #14: |
Josiah_Is_Back posted...
My $0.02:I agree...4 cents! --- There is no good. There is no evil. There just is. ... Copied to Clipboard!
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