Like an insidious fungus, it quietly eats dollar bills. How to properly store money so that it does not become moldy and depreciate How to store dollars at home
Hello, friends!
I have 2 news for you. One of them, as usual, is good, and the other is not very good. Let's start with good or even great news. If you are wondering where to keep money, it means that you have it. And this, you see, is wonderful. The bad news is that if this question is relevant to you, then you have not yet found the answer to it. Is that bad.
Our task is to find not only the answer to the question of where to store, but also how to increase your savings. I will share my experience. It's still small, but it's there. The fact is that by virtue of my profession (I am an economist and copywriter) I read a lot of professional literature. The topic of personal finance has been of great concern to me lately.
I will not take on the role of a financial consultant, but I will give advice so that you, too, take the path of saving and increasing own funds. Believe me, it is not as difficult as it seems. And at the end of this path, only the brightest prospects are visible.
True, each person sees only what he wants to see. Therefore, I foresee negative responses to the article. I have heard more than once that with our life and our salary, it’s not worth even thinking about saving money.
Friends, if you cannot solve the problem of personal growth once and for all, then there are a huge number of trainings that will help raise self-esteem. Everyone can change his life the way he wants it and when he wants it. The key word is WANT. I wanted to at 40 and did it. It is a pity that the awareness of change did not come sooner.
If after that you remain whining on the couch, then let us leave you there. We go further only with readers who want to make an attempt to change something in their lives.
Why was such a long introduction necessary? Because many of us are still completely wrong about money. They are afraid large sums are shy of them. They believe that wealth and prosperity is not for them. And for whom then? Nobody is born with the karma of being poor. We are driving ourselves into a dark corner. Let's take a look at it now.
Why can't you keep money at home?
According to Rosstat, in 2017, the volume of monetary savings of the population increased by 13.8% and continues to grow. But where is all this money kept?
Sociological surveys are often conducted in Russia, including on ways to store money. The Russians have money, and they are trying to save and accumulate it. But preference is still on the side of cash.
According to a survey by the Romir research holding, every tenth Russian prefers to keep free money at home.
You will not find a single financial expert who considers this method the only possible and safe one. Should you entrust your savings to a nightstand or toilet bowl? Let's look at the positive aspects of such storage:
- Money is always at hand and at any time you can take it for urgent needs.
- You alone are responsible for their safety and do not depend on financial institutions which may go bankrupt or lose their license.
That's where the pluses end.
- Keeping money at home is dangerous. Thieves can get in, and you will lose all your savings. They know better than you where most Russians keep their money. You are unlikely to impress them with your originality.
- Any disaster (fire, flood from neighbors, explosion of household gas) will lead to the same deplorable results.
- You can forget where you hid the money.
- Family members or yourself can accidentally throw away or ruin bills.
- And most importantly: money will depreciate every year as a result of inflation. And when investing them at interest in a bank or other investment instruments, they can generate income and quite good.
No one says that you don't need to keep cash at home at all. Need, but only a small amount for weekly running costs. In the wallet for a long time they should take their place bank cards and change for travel.
If not at home, then where is it safer and more profitable to keep free money?
Personal finances and ways to save them
Before answering this question, we will divide personal finance into separate categories.
Money for current needs
This is the sum of your monthly expenses. If you don't know them, you can help. It will take into account not only all your expenses, but also income. You can do this in many ways: write it down on paper, put it on spreadsheets, or use special programs.
It took me a couple of months to get a complete picture of my family income and expenses. Then I was able to start planning a month ahead. Now the whole family is involved in the discussion of future expenses. The daughter says that she wants new jeans, and the husband needs to pass the MOT of the car. Please add it to next month's expenses. But, if, in addition to jeans, you also need a fashionable blouse, then what article can we donate?
What is the best way to store this type of finance?
- Partially in cash at home with all security measures.
- At the bank in a savings account. It must be replenishable and be able to be withdrawn so that you have the money at any time. The main disadvantage of this method is that you depend on the operating mode of the bank.
- Banking. It is on a debit card that you should keep money for current expenses, and not on a credit card. We have repeatedly spoken about the great temptation to use other people's money. The main advantage of a debit card for storing money is its mobility and independence from the bank's operating mode.
The question is often asked, what is the best way to save money? In what currency? Experts have already answered this question. Currencies must be different: rubles, dollars, euros. You can buy yuan, swiss francs or pounds sterling. But keep in mind that this method is not entirely successful for storing current finances.
Firstly, it is better to use it in the long run, because you can lose a lot when converting currencies. Secondly, you also depend on the operating mode of the exchanger.
How much money can be kept on the card? As much as you want. There are limits on cash withdrawals, on transfers, but not on storage. And do not forget that the state guarantees only 1,400,000 rubles. refundable in the event of a bank failure.
The next category of personal finance, and one of the most important, is your reserve fund or airbag. This is emergency money. For example, you needed money for an operation, your car broke down, your neighbors flooded, or you lost your job.
The margin of financial strength should be such that you can live 3-6 months on your savings. For example, if you spend 40,000 rubles a month, then the reserve should be in the amount of 120,000 - 240,000 rubles.
What are the requirements for this type of savings:
- Mobility, i.e. you must be able to quickly get your money at your disposal. Therefore, savings or savings bank accounts and debit cards are suitable. Try to choose deposits with monthly interest capitalization and with the possibility of replenishment and withdrawal. Then you can not only save, but also save. BUT debit cards It is better to choose with interest on the balance.
- This money should be kept separate from current money. This is your emergency reserve, which should be spent in case of emergency. If you haven't created an airbag yet, this is the first thing you need to start doing right now.
- The reserve fund on one account should not exceed the amount of 1,400,000 rubles. Because it is this compensation that the state guarantees you in the event of bankruptcy of a financial institution.
1 way. Traditional storage in rubles or currency on deposit. Deposit requirements:
- the ability to replenish, but not withdraw;
- monthly interest capitalization;
- the interest rate is higher than inflation;
- the reliability of the bank;
- amount up to 1,400,000 rubles. (if more, split into several accounts and preferably in different banks);
- separate deposit for each goal.
2 way. mutual funds.
These are shares investment funds. In this case, you act as an investor, because you will invest your money in securities, real estate, gold and other assets in order to earn on it.
The main advantage of mutual funds is that you can be an absolute beginner in stock market to start investing. All work on market analysis, selection optimal solutions and the management company will take over the process itself. Your task is to determine how much risk you are willing to take. Based on this, a specific mutual fund is selected.
Experts advise starting investing in mutual funds with an amount of at least 50,000 rubles. The choice of management companies in Russia is quite large. About cooperation with foreign companies it is worth reading books on investing or talking to financial advisers.
Investments in mutual funds bring income in the medium or long term. There is no need to deposit your funds for 1 or 3 years. The market is constantly in motion, up and down. And only with accumulation over a period of 3 years you will get the expected result.
What does investing in mutual funds give? First, the income is higher than on deposits in a bank. Second, risk diversification. You do not invest in the securities of one company; there can be several dozen such companies in one mutual fund. The activities of management companies are strictly regulated by the state, they are not allowed to invest money anywhere.
3 way. Individual investment account (IIA).
Many large banks in Russia provide services for opening IIS. What it is? This is a special replenished account, the money from which you can through brokers or management company invest in stocks, bonds, real estate.
What generates IIS income? Due to the rise in the cost of valuable papers, which you have purchased, and due to income tax refund individuals(13%) from the state.
The minimum term for which an IIS is opened is 3 years. In this case, you are entitled to a personal income tax refund.
For long term goals
In addition to short-term goals, each family, I believe, should have long-term ones. For our family, there is one long-term goal. This is a decent life in retirement. The state cannot, and should not, provide for our 100% maintenance at a disabled age. But it is obliged to create the necessary mechanisms so that a person can provide for himself in old age.
Unfortunately, our state and our citizens are only at the beginning of this journey. While people in developed countries start saving for retirement from the moment they start working, most Russians try not to think about it at all.
As François Rabelais said, "It's not about running fast, it's about running early." These words illustrate such a concept as time. It can solve the problem of secure old age in the future. The question is how to use it correctly.
What can we do now? What mechanisms of savings and accumulation of funds will be effective? Financial advisers may offer different tools for investing money in a future retirement, but they all agree that these strategies should be as risk-free as possible.
Option 1. Savings programs of insurance companies.
This investment instrument, which allows you to create pension savings. Usually, Insurance Company guarantees the safety of funds and minimum income. At the same time, the investment strategy in this case is the most conservative, because the state controls the investment of funds and allows it to be done only in the most risk-free assets.
In addition, the insurer provides life and disability insurance to the client. The duration of the program is from 5 to 35 years.
Accumulations are inherited in an accelerated mode, are not divided during a divorce, and are not subject to arrest. You are entitled to a refund income tax from the state.
Option 2. Individual pension plan.
It is very similar to the accumulative program in insurance companies, but does not provide for insurance. Opens in non-public pension funds. You independently determine the size and regularity of contributions. The fund invests your funds in conservative (risk-free) assets and accrues income (minimum) to you.
The size of the pension depends on savings. And just like in the previous tool, savings are inherited, not seized and not divided upon divorce.
Option 3. Gold, platinum, silver and other precious metals.
There are three ways to invest in precious metals:
- Purchase of physical gold and other metals in the form of bars, coins. Be prepared to pay 18% VAT. Unforeseen problems may also arise.
My friend bought a gold bar in largest bank Russia. It was in the package and was not opened by it during the entire period of storage. During the sale in the same bank, a commission was created to assess the condition of the ingot, which found scratches (I remind you that the ingot in the package was not opened by the owner and lay in a safe for several years without moving). The cost was immediately drastically reduced.
- Impersonal metal account (OMS). You can buy and sell as many precious metals as you want without ever holding them.
- Investments in precious metals funds. Your income depends on the rise in their prices.
Option 4. mutual funds. To save and accumulate money for retirement or buying a house by the sea, you can choose different funds: from conservative to aggressive.
Option 5. Acquisition of real estate. This is our citizens' favorite way of investing. Is it safe to keep money in real estate? It all depends on which one. Experts have not considered this option as highly profitable and risk-free for a long time. Real estate prices do not always rise, and sometimes fall catastrophically.
You can invest in real estate mutual funds. Firstly, this is not one object, but a whole series. Secondly, professionals manage the fund. Thirdly, you do not need to have a large sum to buy.
Conclusion
In conclusion, I want to give the figures that one of the first in his book gives financial advisors Russian Vladimir Savenok. This is the answer to the question, where do the rich keep their money?
- 25% - pension plans,
- 20% - securities and investment funds,
- 20% - real estate,
- 20% - business,
- 15% - other, including banks.
There is something to think about.
The art of preserving and increasing one's finances should be instilled from childhood. That is why, I think, it is necessary to pay as much attention as possible. Then, perhaps, we will be more calm about our future. What do you think about it?
Russians are better off trusting the ruble. They must carry their modest savings to banks and make deposits in the national currency. This opinion is shared by the President of Sberbank German Gref. Lenta.ru talked to experts and analysts and received some advice on saving savings. There was no place for the ruble in the recommendations of specialists.
Ruble under the pillow
Non-professional investors (that is, the majority of the Russian population) should not play with currencies and seek their fortune in euros or pounds sterling. The best way keep small savings - leave them in rubles. About this Gref on July 6 in the course of communication with users of social networks.
He also warned Russians against keeping money "under the pillow" because even small amounts must be in motion. The most reliable tool in this case is bank deposits, Gref believes: “Savings in the amount of 100 thousand rubles should be kept in rubles. The ruble still tends to strengthen.
Really, Russian currency in recent months strengthened from 75.5 rubles per dollar in January to 64 rubles in July. The exchange rate rose by 15 percent (which, by the way, greatly worries exporters and economic recovery).
In such conditions, it seems that the ruble has a margin of safety, that it can grow further. But it is worth remembering that National currency has been free-floating for almost two years now. Almost any change in external conditions leads to its fluctuations. To protect yourself from them, you need to work out a personal financial strategy, excluding the ruble, or scatter at least part of the money among other currencies, precious metals and even securities.
The personal investment program will change depending on the money available.
100 thousand rubles
Holders of such an amount should pay attention to two options: either buy foreign currency or open a deposit (however, both currency and deposits remain relevant with any savings - just the larger they are, the wider the possibilities for choosing different financial products).
First, about games with currency. Experts interviewed by Lenta.ru advise making a choice in favor of the dollar. Rubles are needed for everyday consumption, but it is not worth saving in them.
“With small savings, it is better to keep most of the funds in the currency in which you spend. You can buy currency for holidays throughout the year. Otherwise, it may turn out that you were about to leave, and it was at that moment that the ruble weakened greatly, ”recommends Bogdan Zvarich, an analyst at the Finam group of companies. In general, he believes that it is better to break down savings into different currencies - the dollar looks the most interesting, but towards the end of the year it may fall in price and go to the mark of 60 rubles.
“The simplest and safest strategy is diversification. A third of the funds should be kept in rubles, a third - in dollars and a third - in euros. Changes in the exchange rate of one currency will be offset by fluctuations in the exchange rates of others. You won’t earn much on revaluation, but you won’t lose on exchange rate differences either,” comments the product analyst investment company Exante Daria Kirilochkina. She herself prefers dollars - historically, they look like a more attractive asset than rubles. There are also advantages over the euro - one nation united by common interests stands behind the dollar, while internal conflicts are constantly going on in the EU, reminds Daria Kirilochkina: “If necessary, the Americans will always quickly come to an agreement within the country. Recall, for example, the story of raising the debt ceiling. The European Union will argue and swear for a long time, and the euro is weakening against this background. Brexit is a great example of the realization of such risks.”
“Now is the perfect time to buy dollars. The target for the American currency is 73-75 rubles,” predicts Mikhail Krylov, director of the analytical department of the investment company Golden Hills-Kapital AM.
Now about contributions. As you know, it is almost impossible to earn something on them, they are created to protect savings from inflation. To date, the annual inflation rate is 7.5 percent. So that the money does not depreciate, you need to look for a deposit with a rate above this level.
For a long time, advertising called for: it is better to keep money in a savings bank. The wits added: and by no means in glass jar. Few people thought about the relevance of such a formulation of the question. It turns out that the global currency - dollars - is under threat: it is being eaten not only by inflation, but also by an invisible fungus.
No right to exchange
The words of Ekaterina from Vitebsk are worthy of a satirist’s pen: “I don’t know how it’s profitable for me to get rid of dollars!” And it's not a joke. The fact is that one evening Katya and I went to the exchanger to buy for a hundred dollar bill Belorussian rubles Unforeseen expenses sometimes happen. Imagine our surprise when we heard from the cashier who looked through the banknote under ultraviolet light: “It glows blue with you. It was eaten by a fungus, we don’t change those.” Moreover, as it turned out, there was not enough space on the hundred-dollar bill for the invisible person, and, the cashier stated, after checking the neighbors in Katya's wallet, the “healthy” twenties were also already damaged. “But you can still exchange them without a commission,” was the final verdict.
Eaters of "green"
As the candidate of biological sciences, head of the laboratory of mycology at the Institute of Experimental Botany named after A. VF Kuprevich of the National Academy of Sciences of Belarus Olga Gapienko, a fungus living on a dollar bill is a common occurrence. The main reason for damage to banknotes is a violation of storage conditions: low temperature, high relative humidity (the norm is up to 55 percent), lack of ventilation.
If you leave a pack of banknotes in a damp, unventilated room with a low temperature, one of which is affected by a fungus, after a while its spores will move to neighboring banknotes and begin to “eat” the paper. Therefore, in no case should dollars be buried in the ground, they should be stored in a dry room, they should not be packed in cellophane, thereby creating ideal conditions for the life of the "green" eaters.
Why does the fungus infect the dollar? It turns out that the manufacturing technology of the euro and Belarusian currency somewhat different, it provides for stronger fibers that are inaccessible to destructive processes.
Disappointing hike
Katya and I went through other exchangers in the hope of getting rid of the banknote, which outwardly does not differ from the “healthy” one. But we did not succeed in changing the unfortunate banknote in any exchange office in Vitebsk. True, the reaction was different. One cashier asked us bluntly if a piece of paper was lying in a puddle. In another place, they were curious: “Did you buy it abroad?” In the third bank, by the way, I asked to be allowed to look through the ultraviolet at the depreciated banknote. She really shone with dots, like a sieve. The dots were bright blue.
Non-Acceptance Commission
Victor Sosnovsky, Chief Specialist Department of Organization and Cash Work Methodology of the National Bank, said that banknote paper, including US dollars, should not glow in ultraviolet rays: unlike ordinary paper, it does not contain optical brightener and therefore looks dark in filtered ultraviolet light. The glow of the paper indicates either a fake or a chemical effect on a genuine banknote. However, a local glow under ultraviolet does not always mean that a “fungus has worked” here. Glow and washed with clothes, money, and those that were under the influence of an aggressive environment, and Bank employee cannot determine exactly which factor caused the glow. Therefore, cashiers who refused to accept a hundred-dollar bill glowing under ultraviolet light could be mistaken that the fungus was the reason for the non-payment of the banknote, the expert added.
Answering the question in which banks they can still accept dollar "non-standard", Viktor Sosnovsky said that banks can independently develop a list of signs of banknotes payment in foreign currency taking into account the requirements of foreign banks or intermediary banks with which they have concluded relevant agreements. Therefore, the same banknote can be exchanged in one bank, and in another it cannot be exchanged even with a commission. Damaged currency, for example, is accepted at Belvnesheconombank, BPS-Sberbank, Belarusbank, Belinvestbank, BTA Bank, BelSwissBank, Belgazprombank with a small commission set by the banks themselves (about 2-3.5%). The decision to accept a banknote or not is made by the cashier, guided by the position of his bank on the signs of payment of foreign currency. A considerable amount is exported abroad every year. American currency with defects, including with a fungus. Talking about the "epidemic" of the fungus in Belarus would be a big stretch, experts are sure. But it is also impossible to ignore the problem.
Favorable interest
Ekaterina still sold her hundred dollars. She turned to the bank administrator, who helped her exchange the “glowing” bill, and also gave good advice: “Money is better to keep in the bank. Not only will you not lose, but the interest will run up. And indeed, savings should bring benefits, and not be eaten up by inflation and fungi.
Despite periodic economic and financial crises coming to Russia or to the entire world economy, most people still manage to put aside their surplus income. This is greatly helped by a stable source of money, for example, wage. At the same time, when accumulating a certain amount, another question arises. How to save savings, and even better to increase them? In this article, we will analyze in which currency it is more profitable to keep money. But first, let's talk about ways to save savings.
Ways to Save Savings
It should be noted that the options for preserving and increasing the accumulated Money there are many. But there are several main ones. The choice of how to save your money largely depends on the intended purpose of the savings. In addition, it is of great importance whether you just want to protect your savings (against inflation, devaluation, etc.) or invest them profitably and increase them. Among the most popular tools for saving and increasing money, one can single out deposits in banks, the acquisition of real estate, investing in a business, and the purchase of antiques. In what currency it is better to keep money, you will find out by reading the material to the end.
In addition, when choosing a way to save your own savings, you need to pay attention and analyze the terms of storage that certain tools can offer. The risks must also be taken into account. As you know, the risks increase with the increase in profitability. In other words, the higher the profit derived from your own investments, the higher the risk of losing them. In addition, not the last role in the safety of savings is played by external factors as well as global economic conditions. But still today, the currency remains the most relevant and reliable way to save your own money savings.
The choice of monetary units for saving savings
When choosing a currency for holding deferred funds, you should consider special purpose these savings. If the owner of an excess sum of money does not plan to use savings to form family budget or for an early large purchase (real estate, car), then they can be converted into gold. This a precious metal has been used as a certain standard for centuries, it has permanent liquidity and is guaranteed not to lose its relevance for many years to come. But what currency should you keep your money in?
If you buy real estate or a car soon, it is better to save savings in the currency in which the purchase will be made. More often we are talking about the national monetary unit. You can use popular and reliable foreign currencies when there is a need for long-term storage of funds. If you want to receive income from the possession of the accumulated amount, you should choose a foreign currency, taking into account the situation in the world economy, as well as in those countries where these monetary units are issued. In what currency is it better to keep money in Russia?
Keeping money in Russian rubles
For Russians, this issue is as relevant as for citizens of other states. What currency should you keep your money in? Russia is among the 15 leading countries in the world in terms of nominal GDP. Nevertheless, the Russian ruble as an instrument of savings is suitable primarily for those who receive income in this particular currency. In this case, there are no costs that accompany banknote exchange operations. In addition, during the exchange of the acquired currency back to Russian rubles, losses are also inevitable due to the difference in the buying and selling rates of monetary units in banking institutions.
The stability of the domestic currency inspires certain optimism, despite stagnation or slight growth Russian economy in the last few years. The liquidity of the ruble is provided by the export of energy resources, and the relevance of oil and natural gas for the world economy in the coming decades is beyond doubt. And in what currency to keep money in Kazakhstan? Citizens of states that have close economic and industrial ties with the Russian Federation can be advised as one of the tools for saving savings, the same Russian ruble.
It has another advantage, namely high interest on deposits, which can be obtained from many banks. These rates compare favorably with those offered financial institutions to its customers for deposits in foreign currencies. It is especially profitable to use the Russian ruble for short-term storage or investment, since in a short period, as a rule, there are no significant economic events that may affect the profitability of ruble investments. In what currency to keep money in Belarus?
The economy of this republic is also closely connected with the Russian one. When choosing a currency for savings, residents of Belarus should keep in mind several denominations of their national currency. But you should not stop your choice only on the Russian ruble. Next, we will look at other options.
Savings in USD
The American dollar is the main reserve currency in the world. In addition, this currency is the most common and popular. The US dollar is especially suitable for saving their savings for those who receive income in this particular currency. Although many experts believe American economy bloated and having signs of a soap bubble, in terms of nominal GDP, the United States ranks first in the world and is not going to lose its positions yet.
In addition, the dollar is supported by the most powerful American industry, the production of high-tech, and in some cases, unique goods. It should be noted that placing US dollars on bank deposits more profitable, provided that in the near future it will not be necessary to carry out exchange transactions. It is with long periods that the safety and profitability of dollar deposits will be the highest. In what currency to keep money, other than the US dollar?
Savings in euro
Euro is one of the youngest world currencies. At the same time, it has already managed to become a reserve and take its place in the gold and foreign exchange reserves of many countries. Despite the fact that the economic situation in some EU countries leaves much to be desired, its economy shows, although small, but constant growth. It is advisable to transfer your savings into euros if you make short-term deposits or when you are planning a trip to one of the Eurozone countries.
Other types of savings in foreign currency
Other popular currencies, in addition to those already mentioned Russian ruble, the US dollar and the euro, are the British pound sterling and the Chinese yuan. It is advantageous to use these monetary units primarily to protect your savings. But in some cases, they can provide a good income. So what is the best currency to keep money in?
For example, the Swiss franc. This currency has remained stable for more than a decade. Besides, in recent times many banking institutions offer their clients very attractive conditions for placing deposits in Swiss francs. Thus, the rate on deposits in this currency reaches 6% per year. Such indicators are much higher than those demonstrated by deposits in US dollars or euros.
English pound Sterling is also a convenient and reliable tool for saving savings. Despite the recent events in the UK, which ended with the country's exit from the European Union, the pound still remains one of the main reserve currencies of the world. In addition, it is traditionally stable and stable. Rates on deposits in this monetary unit range from 0.5 to 4.5% per annum. In what currency to keep money in 2018?
Savings in Chinese Yuan
Another alternative to the most popular currencies is the Chinese Yuan. China's economy last years grew at a gigantic pace, which allowed the country to create huge gold and foreign exchange reserves. Even the world's financial and economic leader, the United States, has a huge debt to China. And, despite the slowdown in the Chinese economy, international investments in the production of goods in China are growing.
In addition, there are optimistic forecasts regarding the trade balance. All these factors make it possible to attribute the Chinese yuan to the category of the most stable and reliable world currencies. The yield on such deposits will be in the region of 2-3% per annum. CNY is an excellent tool for long-term investment.
Finally
It is necessary to emphasize several more factors that were not touched upon in the main part of the article. Any, even the most reliable currency, is subject to certain risks. An eloquent example of this is the world economic crisis 2008. That is why, when answering the question for yourself in which currency it is profitable to keep money, it is advisable to take the advice of many financial experts and analysts. They recommend diversifying your investments. In other words, it is advisable to keep your own savings in several currencies at once. Thus, it is possible to ensure a constant profitability of savings, as well as their safety in different time periods.
A famous actor from a famous movie recommended that citizens keep in a savings bank, if they have one. But if at the time of the release of this film, people had money that was enough not only for current expenses, but also to put them in a savings bank, now it is more difficult to save money, and even more difficult to decide: where and how best to store savings. We will try to answer this question with the help of the advice of financial experts.
The content of the article:
Where to store savings
You have accumulated or decided to accumulate money and are thinking what is the best way to store the accumulated? - This is a very interesting question, since not only the preservation of savings, but also the possibility of increasing them depends on it. If you have “extra” money, then it is better to invest it in something or spend it on the necessary goods, since the accumulation of money is always, albeit small, but a risk.First you need to determine how much you plan to accumulate, the frequency and size of replenishment, as well as the purpose of accumulation. If you are saving for the long term and do not plan to withdraw your savings soon, then experts recommend keeping money in gold. Gold is a “currency” that is not afraid of fluctuations in exchange rates, and besides, it is the storage of funds in gold that will help you not only not to lose what you have accumulated, but also to increase it somewhat. But this is all provided that you plan to save this money for the long term. If you have the purpose of any purchase for these savings, and you will save for several years, then gold is not your option.
If you live in abundance, you have an amount of money for a “rainy day” and for any emergency unplanned expenses, then it is best to invest your savings in something, so they will not only accumulate, but also bring profit. This can be either opening a deposit account in a bank or investing in something: investing in your own business or in someone else's, buying shares or securities, etc. Another option is the purchase of real estate, which can later be sold or rented out and receive a monthly profit.
And, of course, the most common way to store your savings is money. The advantage of keeping savings in cash is that you can spend them at any time, without the need to cash out.
What currency to keep money in
What is the best currency to keep money in? It is very difficult to say exactly what to keep money in, since the political and financial situation in the world is so unstable that having named one currency today, tomorrow it may start to have problems. Of course, you need to choose the currency in which to keep money from world or national.Before deciding which currency to keep money in, you need to look at: the dynamics of the exchange rate of a certain currency, world news and news of the country to which the currency belongs. If everything is stable in the country, exchange rate fluctuations are insignificant, and there is even a trend of increasing the value of the currency, then choose it.
Rubles, dollars, euros?
Most often, Russians choose one of the following currencies to store their savings: rubles, dollars or euros. Let's look at each of these currencies and look for even more profitable options.
Rubles
As a currency for savings, rubles are quite a good option, especially if you receive income in rubles, since you will not incur waste in the form of interest on foreign exchange. The situation in the country is stable, and oil and gas reserves will last for a long time ...
America is a superpower, and its currency, the dollar, is the currency on which all world economy. In spite of economic problems in the United States and a colossal national debt, the dollar does not lose its positions, although it is a "soap bubble". It is best to keep savings in dollars for a short time, and then navigate according to the situation. Savings for the long term to invest in dollars is somewhat dangerous, but still possible.
Euro
Euro is the currency of the European Union, the most unreliable currency for keeping your savings. First of all, the unreliability of the currency lies in the poor economic situation some EU member states. Surely you have heard about the difficult economic situation in Greece, which has long been in a state of bankruptcy. There was a large number of assumptions, and even European politicians expressed an opinion about the exclusion of Greece from the European zone, but they do not let go and keep it through loans. If Greece nevertheless leaves the EU zone (whether on its own or by exclusion), then this can cause a chain reaction and threaten the existence of the entire eurozone. Italy and Spain are not far from Greece. The second reason why you should not keep savings in euros is conflicts within the EU itself, between member countries. Based on this, we do not recommend that you keep your savings in euros.
Yuan is the currency of China, where all the world's production is now concentrated. China is indeed a grandiose country, which produces the absolute majority of goods supplied to almost all countries of the world, and it is on China that the world economy is de facto tied. A large number of companies have invested and will invest in assembly shops in China. In addition, the United States itself has debts to China. Based on this, the yuan is a very good currency to store your savings.
What is the best currency to keep money in?
Experts advise keeping your savings in several currencies, for example, in rubles and dollars, or in rubles and yuan. Due to the fact that savings will not be concentrated in one currency, you will not be afraid of fluctuations in the exchange rate.
Many people think about whether to store money in digital currency or not. For our part, we do not recommend doing this, because if you do not have direct income in digital currency, then you will lose a large percentage of your savings on their deposit and withdrawal.
Where is the best place to keep money?
Once you have decided where to keep your savings, you need to decide where it is more profitable to keep money. Today, three options are most often used to store money: an apartment, a bank, and a safe deposit box.An apartment is the easiest way to store money, because you know that the money is at your fingertips and therefore many people are so calm. But this is the most unsafe way, because if intruders get into your apartment, then there is a high probability that they will be able to find and steal savings if you do not have special means to store them safely.
In a bank, your money savings will be safe, and at the same time you will be able to increase your savings, but there is still a small chance that something can happen to the bank where you keep your savings.
A safe deposit box is a cross between keeping savings in an apartment and in a bank. You pay the bank to rent a cell and keep your money in it. The only downside is the payment for the rent of the cell, the likelihood that something will happen to the bank's vault is very low.
Where and how to keep money at home
Options for storing money: under the mattress, behind the picture, in the sideboard, in the box, etc. - the most wrong option. It is best to keep money at home in a very secret place or in a safe that cannot be moved or opened. The cost of the safe is not so high, but you will secure your savings, and besides, you can store valuables and documents in the safe. Pay special attention to the location of the safe and its locks.
Where to store money according to Feng Shui
But, for example, Feng Shui recommends saving money for a reason, but for certain and specific purposes: the purchase of household appliances, furniture, repairs, an apartment, a car, a vacation, etc. Also, Feng Shui advises to keep money not under the mattress, not in the closet and in other places loved by people, but in special red envelopes. In general, it has long been recommended to keep money in red boxes, but in view of their inconvenience, red envelopes are a more practical option.
These envelopes may contain their own hieroglyph, which will help in matters of accumulating funds. For example, if you are saving money to pay off debts (a loan or a mortgage), then it is best to use an envelope with the hieroglyph for “fairness” for this. If you are saving money for a specific purpose, then for this it is best to put the “wealth” symbol on the envelope. If you decide to save money for certain expenses, such as a trip to the sea, then an envelope with the “prosperity” symbol is suitable for this.
Feng Shui also recommends keeping money in a certain sector - in the southeast or east. As for the place of storage, the Feng Shui philosophy recommends choosing either a safe or a drawer or cabinets that are lockable.