My preferred savings Method .
Hello friends, complement of the season, i hopefully believe you all are fine. @okere-blessing, thanks so much for the content you organized in the steem for lifestyle community.
Title👉 my preferred savings method.
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✅Explain Saving in your own words?
Savings are a particular potion of income that's not maint for spending. On the other hand, it's the money you kept aside for future use, not spending it instantly.
✅What is your preferred savings method, and give your likes and dislikes about the method that you choose?
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My best saving method is bank savings and creating a fixed account, which also helps me not to access my accounts frequently, such as making withdrawing. The reason why i like this pattern of savings is that it helps me to save enough money, and there's no way for me to withdraw it. All else, the duration time which i signed is over . it will also make me not to spend lavishly because I will remember that my savings is not accessible for me to withdraw.
The dislikes part is that even when you're i need of the money, there's no way to withdraw it till the time you signed. Remember what I'm detailing here is bank savings and fixed account.
✅️Which saving method would you advise someone to go for?
Well, i also tell people to do save in banks and if you want to do future savings you request for fixed savings or any other accounts savings which you we have agreement with the bank that you won't have access to withdraw for some period of times to make you save to your expectation. Also, this particular savings comes with interest every month. Saving in a bank is more secure than any other saves because if the bank has been rubbed, you dont have any issues with your money. Your money will be intact, but for instance, you save in-house, and eventually, you were rubbed automatically, you're starting afresh. It's a sample of the importance of saving in bank.
✅️Do you believe in savings? Or eat as you earn.
I believe in savings because we save for investment and emergency, without savings how can we respond to some of the emergencies that occur in our lives. We're humans that don't know what's about to happen in the next few days or hours, but that doesn't mean we should eat as we earn. So i advise you to save as much as you can no matter how little you earn because it is very essential.
✅️Do you have any bad experiences of saving share with us.
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The experience that i have when saving is the time i use to save in-house inside wooden boxes 📦 with small tiny hole at the body. Could you imagine when I'm broke to the extent that I don't have feeding money, i we go and open one side of the savings boxes 😅 and take some money out and cover it back. Even when i save in the bank, i will still be withdrawing it until it finishes. That's the reason why i opened a savings account, which i told my account manager to lock the account for a year before i can have access to withdraw and it was the best way for me to save rather i was only depositing to the account.
If you find it difficult to save, try this particular style that i use it we work for you. Thank you all for reading my post and Merry Christmas in advance.
Inviting: @josepha @dove11 @alina786 and @bossj23 to participate in this context.
https://x.com/StanleyElu39296/status/1870578675705380965?t=nUCSlmKpjqwUdddq-ssuUA&s=19