Investor names a way to save up for a big purchase

Investor, founder of the investment company "League of Investors" Evgeny Khodchenkov told on Monday, December 16, how to save money for a large purchase.

According to the expert, the most effective option is to invest in cryptocurrencies.

"The most obvious and highly profitable way is to invest in cryptocurrencies. Realistically earn a large purchase in a short time is possible in crypto. Other options are not visible now. For those who are open to such solutions, this could be a good opportunity," he told RuNews24.ru.

He also noted that it is possible to create a separate savings account, where only savings will be kept. This will help avoid the temptation to spend money on other needs.

"For those who prefer a stable and less risky way of accumulation, I recommend savings accounts with daily capitalization of interest - a simple but reliable strategy. If you add funds there in a disciplined manner, they grow significantly over time. For example, banks offer an auto replenishment function: set up a regular transfer - once a day, week or month - and let a small amount be automatically set aside," Khodchenkov added.

The specialist advised to regularly check your savings - this will help you stay motivated and evaluate your progress.

At the same time, he emphasized that the best strategy is to keep a balance between savings and quality of life.

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On the same day, Igor Balynin, associate professor at the Financial University under the Government of the Russian Federation, in a conversation with the kp.ru website, gave advice that will help accumulate a financial safety cushion or achieve a goal. According to the expert, it is important to regularly conduct an audit of their spending on the subject of unnecessary. And from each additional income should be transferred to the piggy bank at least 25%.

Earlier, in November, a specialist in the field of finance Valery Tumin told in a conversation with RIAMO, how to effectively save and save money. He advised to use short-term deposits.

According to the expert, this option is considered favorable in view of the current economic situation. We are talking about frequent changes in the key rate and the growth of interest on deposits, reports 360.ru.

In turn, Russian Finance Minister Anton Siluanov said that in order to get the highest yield, funds today can be invested in government bonds or deposited in a bank, RT reports. Along with this, the head of the Ministry of Finance recommended to take a closer look at buying shares of companies or participate in a long-term savings program. At the same time, he advised to refrain from trying to make money on cryptocurrency, reports NSN.