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10 sats \ 3 replies \ @boisechampion 21 Dec 2023 \ parent \ on: How Much Should You Save? Personal_Finance
What if I'm saving for a purchase that will happen in 12 months?
Also, are you saving 100% in BTC. No USD savings at all?
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20 sats \ 0 replies \ @ridsa 21 Dec 2023
putting some in a HYSA is a good idea, imo
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10 sats \ 1 reply \ @quark 21 Dec 2023 freebie
Why would you save in the worst asset and not in the best asset? If you save in USD, after 12 months, you will probably need more USD than initially saved because the item has increased in price.
Also it depends on which country you live. Imagine saving in Argentine's pesos instead of USD. There the answer is more obvious to save 100% in BTC.
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324 sats \ 0 replies \ @boisechampion 21 Dec 2023
I’m saving in USD.
I’ve saved in Bitcoin for 3 years and I’ve barely broken even from a USD perspective. I’m the biggest bull when it comes to BTC but I’m a perfect example of what you’re saying does not actually work in reality.
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