Savings and its fullness

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1 year ago

Savings, because in the end, it is money that drives us to do almost everything in our day-to-day activities and even worst poverty.

Savings should not be the sole purpose of the economy, but saving is a very good thing to do since it gives us a sort of feeling of fullness. There are different ways we can save, there are multiple ways in which we can save and the best way to save according to me is by saving money.

Savings can also be done in a personal way as well as in a general way. In a personal way, we get to save various things, like chips packets, hair accessories, care products and more and general savings can be done through banks, mobile wallets etc. The process in which we do this is called "The cycle of savings".

But saving a small amount is not very easy while saving a lot of money will require a lot of discipline and a well-planned attitude toward life.

Saving is one of the ways of making money, you can save your money for future purposes like emergencies or sudden requirements. Saving is not very easy as people think it to be, we need to discipline ourselves to save. Generally saving is done by people who do not want to be a reckless spenders and want to earn money a fast way. Some so many people have some amount of money saved for their sudden requirement which is very essential in their lives.

Creating a habit of saving will not only help you to earn and accumulate wealth but also helps you to have control over yourself and discipline yourself. You will have control over your spending and you will never spend carelessly and wastefully.

We all face certain circumstances where we need money fast like if you are going out of town to meet someone if you want something urgent that you don't wanna wait for the cash order, if anything happened with your car or if your tyre flats etc.

Even if you save minuscule amounts of money regularly, it can eventually add up to a sum you may use to settle an emergency. When you are saving, it is also important that your money accumulates and does not depreciate. The traditional options for people to save don't always give the best returns. In a low-interest rate environment, FDs and savings account generally don't attract much attention. You need to find other avenues of saving to get better returns.

Thanks for reading friends.

Bye for now πŸ₯°πŸ₯°πŸ₯°.

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1 year ago

Comments

Savings is a must indeed, since we don't know what will happen next.

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1 year ago

I had this box where I use to drop few notes inside. I don't take record of how much I have I there, I kept on dropping until the end of the year. I was shocked at the amount I got. I used the money to invest in a small business which is still around until today.

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1 year ago

its good to save but investment is gooder.

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1 year ago

Lols, I love that grammar πŸ˜…πŸ˜…πŸ˜…

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1 year ago

Savings supposed to be be SAVINGS but these days due to hardship, we only deposit money into a common savings account for easy collection when in need. that's not Savings at all

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1 year ago

πŸ˜…πŸ˜…πŸ˜…πŸ˜…na economy cause am.

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1 year ago

I do prefer investment myself. Just have to find the right one!

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1 year ago

Yes, getting the right profitable investment is a great one.

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1 year ago

indeed, gaf!

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1 year ago

I love savings my friend. Since when I was in highschool I learned and started saving because it's really important. Savings is a big help to us because it's an emergency fund.

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1 year ago

It's good you love it, some did not and they just squander their money on useless things. It's really for an emergency whether positive or negative.

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1 year ago

Yes that's true my friend that's why it's really important we have a savings.

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1 year ago

Saving is really important. I could remember when we were kids we always had piggy banks. Just so we could save ahead for Christmas 😁😁. That practice of saving from childhood to adulthood has saved some people, well a lot of people from different circumstances. Well done

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1 year ago

Yes, those kolo of those days saved us and our parent use it to buy Christmas clothed for us πŸ˜…πŸ˜…πŸ˜…

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1 year ago

The long term benefit of saving can be really rewarding. Investing money can be more rewarding than saving, depending on the situation at hand.

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1 year ago

Yes, it depends on the situation at hand, I will also prefer investment.

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1 year ago

It's really good to save something for our family, and in any purpose like emergency or educational. It's very challenging nowadays to save because it's really hard to earn money lately.

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1 year ago

The economy is greatly affected and job that are paying before has reduced their paying.

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1 year ago

To get money is not easy this days truly, the economy is greatly affected.

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1 year ago