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dieLuka
dieLuka
10 months ago

No, for several reasons.

  1. No interest. Ideally, inflation is only 1% better than nothing.
  2. Paypal is known for problems sometimes the account including locking money on it. Is there some "how do I come to ask my money." Risk is likely to be significantly lower in the traditional bank.
  3. Paypal is there to pay, similar to the Giro, the risk is quite high that you spend the money what is there. A separate account or other investment from which you can not pay is less susceptible to "oh I have x € then I can also buy y".
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MichaelStumpf
MichaelStumpf
10 months ago

Putting money on an account and lying there is always a bad idea.

The money is eaten by inflation and a few percent less value each year.

A market-covering ETF would have been the most sensitive of the last 40 years.

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FlockeFindet
FlockeFindet
10 months ago

If you ever help not to spend the money, it's better than nothing. It's not going to be better, but it's just losing value.

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Severus132
Author
Severus132
10 months ago
Reply to  FlockeFindet

Where can I save the money safely and appropriately? It doesn't help me to spend money.

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einandereruser
einandereruser
10 months ago
Reply to  Severus132

Open an account with trade Republic. There are 4% pa interest.

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FlockeFindet
FlockeFindet
10 months ago
Reply to  Severus132

Look for day money accounts with good conditions. You can also look directly at ETFs. This is not as safe as a daily money account, but for example a World ETF is already quite sure.

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einandereruser
einandereruser
10 months ago

https://ref.trade.re/kxz9k1rf

My Invitation Link

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xxxcyberxxx
xxxcyberxxx
10 months ago

Is PayPal good for saving?

No

I like to save money there, which I want to save for the future

And why are you doing this? Paypal is not meant for it and you don't get more money.

If you want to keep it safe, put the money on a daily money account (eg up to 4%). If you are more risky, invest it in securities

I have paid €1,300.00 today and have to leave in front of them.

Your decision. In my opinion, stupid

Is this safe and well suited?

No

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Jumpy123
Jumpy123
10 months ago

No, not at all.

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Schubert610
Schubert610
10 months ago

Is PayPal good for saving?

No

go to your house bank and open a daily money account, then you get a little interest

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LePetitGateau
LePetitGateau
10 months ago

No and no.

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Severus132
Author
Severus132
10 months ago
Reply to  LePetitGateau

I guess I'll pay them back in the morning.

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MichaelStumpf
MichaelStumpf
10 months ago
Reply to  Severus132

Then you're lying around at home, which is actually the most stupid of all the possibilities.

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MichaelStumpf
MichaelStumpf
10 months ago

It doesn't make any difference. That's where it mothers…

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Severus132
Author
Severus132
10 months ago

I mean, I'll transfer the money back to my main giro account. Of course not cash.

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