would you put your money in a savings account or a bank or just having it in your hand

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I would split my money so 50% in cash in my hand and 50% in the bank and atleast 10p in my savings account.

Comments (9)

  • Tiff-Avatar.jpg Tiff @ the BNC
    07 Nov 2018

    Why would you choose to split this way? What are the advantages and disadvantages of both?

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    1. Morley-Newlands-logo-250x250.jpg lucky_trumpet | Morley Newlands Academy
      Tiff @ the BNC's comment 13 Nov 2018

      Borrowing is bad because you might not be able to pay it back.Then your advantages will be that if you save it you cant put it some were that you know like a safe or a money bank and i decided that i wanted to split it like that because if i need some money for my bills or rents you can get it out of the bank instead of borrowing

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      1. Tiff-Avatar.jpg Tiff @ the BNC
        lucky_trumpet's comment 13 Nov 2018

        In what ways can borrowing be a good thing?

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  • Bruche-logo-250x250.jpg cheerful_river | Bruche Primary School
    07 Nov 2018

    I would put my money in the bank since if I got robed 50%would be gone and some one else would have it.

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  • Ormiston-Bushfield-logo-250x250.jpg persuasive_moth | Ormiston Bushfield Academy
    08 Nov 2018

    I personally think I would be a bit more careful with my money. Imagine you have 100,000 and if 50% was on you, you would have a higher chance of being robbed and so I would put my money in a savings account and take it out when I need it.

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  • Ormiston-Bushfield-logo-250x250.jpg trusting_politics | Ormiston Bushfield Academy
    08 Nov 2018

    Where I would put my money:
    I would firstly consider putting 10% of my money into a premium bond account because it would be a safe place to place some of my money. Also occasionally you might win some money as well. I think this an advisable choice for anybody ; but should not be your only place you put money as it is not easily accessible and you would not have a credit card.

    2. I would then place 45% of my money in a saving account with a major bank like nation wide. The reason I would divide my money up is so that if one bank got robbed I would still have money somewhere else in my opinion this would lower the rates dramatically. So I would put the other 45% in another saving accounts.

    3. I would probably then keep 5% cash because it would be even more accessible.

    I would also like to mention that I would keep all my cards in a safe pocket because contactless cards can sometimes pay for things that you do not want to pay for. I would also try to look for the highest interest and research their history and whether they are reliable or have a history of losing people's money.
    Overall I think that it is best to divide my money up.

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  • Ben-Jonson-logo-250x250.jpg unique_cat | Ben Jonson Primary School
    08 Nov 2018

    I would go for a savings account.

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  • Ben-Jonson-logo-250x250.jpg unique_cat | Ben Jonson Primary School
    08 Nov 2018

    I would put it in a bank unless it’s 2008. I thought you were talking about which one you would chose in 2008

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  • Morley-Newlands-logo-250x250.jpg lucky_trumpet | Morley Newlands Academy
    15 Nov 2018

    It is good because if you really need it you can just get it and give the money back when you can,but if you leave it that long the amount will get bigger.

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