Traveling requires money, whether domestically or out of country...even though you could travel on a low budget the main concern will always be the money. The main question that comes to our mind is how we should keep our savings. Doing investments do helps, but sometimes due to current job or limited budget, low monthly saving, we need to think to others options to keep our savings.
First that comes to my mind is:
1. Gold bars
2. Foreign Currency
3. Fixed bank deposit
From my observation, here in Malaysia, i studied all 3 options on 1 year long and the most reliable i see is the gold bars, followed by fixed bank deposit and foreign currency. This however involve some speculation and monitoring on the trend.
1. Gold Bars
2018 Gold Bar Price 10 grams = RM 2030
2019 Gold Bar Price 10 grams = RM 2430
2. Foreigner Currency
The currency we cannot predict the course, however from 2018 to 2019 the Euro drop.
(Oct 2018) 1 Euro = RM 4.8 Euro 420 = RM2016
(Oct 2019) 1 Euro = RM 4.64 Euro 420 = RM1948
3.Fixed deposit for 1 year at bank
Fixed deposit amount RM 2000 Annual Interest Rate % 2.9 For 12 Months
Total 2018 = 2000
Total 2019 = 2058.78
Maybe you should consider these points when you are interested to do some savings. Dont hesitate to comment your ideas too. I hope together we can grow big. Please like and follow @malaysiatravelinfluencer @blogwithcris
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