Where do you store your money? | Business Discussion Forum
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Where do you store your money?

Discussion in 'Personal Finance' started by Reverted, Jun 23, 2017.

  1. Reverted

    Reverted Founder Member

    Credit:
    $4.10
    Money. It makes the world go round - or so they say. We all want more of it, don't we? anybody that says no, is lying. But what I am more interested in knowing is where do you store all of yours?

    You have several different options:
    • some people prefer to just keep all of their money at home (in cash). Most often they either hide it somewhere or they build a specially designed safe and put everything into it,
    • some people prefer the option of depositing it into the bank. Depending on your bank, you can get different interests but in most cases, these interests are very minimal unless you store HUGE amounts or for a very long time,
    • some people don't store their money but they immediately invest it into other things - stocks, shares, real-estate and so on.

    So what do you prefer to do when it comes to storing the money you've earned? Are you any of the three types that I've described above or do you perhaps have your own storing method?
     
  2. pistol valy

    pistol valy Founder Member

    Credit:
    $9.41
    Hy Reverted, wish you a wonderful weekend!
    About this issue my opinion is very clear, i would prefer to keep my money home. Maybe is not safer but in this way i would have an access to my money imediatly and this counts a lot. On the other hand if i would have a huge sum like over 100,000 dollars i would store my money in a bank, because is too risky to store the money in home!
     
  3. WildSpirit

    WildSpirit Gold Member

    Credit:
    $2.63
    I have a current bank account in which I deposit and move (whenever I need :)) virtually all my money, except for an amount (in cash) that I keep at home for some eventuality / emergency. I believe that store the money in the bank is one of the best ways to keep my money safe. An alternative to this (which I also think is very safe) are the digital wallets.
     

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