To save cash is important and encouraging. But many people makes a serious mistakes of not deciding on what to do with the saved money faster. Apart from money kept for emergencies, deciding on how to invest the saved money should be quickly due to its urgency. Some will be the like the amount saved is still small or the period of saving is not yet over.
Time is Money
Deciding on the invest plan for saved money should be timely. A profit makes on the action taken is far better than doing nothing about the money. It is even better to have a detailed investment plan before having the money. With the plan, the money will be spend/invested wisely and ostentious spending are avoided.
Saved Money can be a Waste.
Money might lose its value with time. Inflation or default usually affects the value of money but money in circulation keep making more money. It's better to know what to do with the cash on time than for it to keep losing its value.
Posted Using LeoFinance Beta
