My preferred savings method.
Greetings dear steemians today i will love to participate in this interesting contest that is being organized by @okere-blessing tittle my preferred saving method.
Explain Saving in your own words.
Saving can be defined as the act of saving or keeping money for future use, aside from future use it can also be used in case of emergency. There are so many reasons why we save money it could be we want to meet our ends and needs or we save it so that we can use it to face an important challenges in life. At office we see so many accountants saving money so that they can use it to build up their business career, moresoever saving is very important to us, because they help us to get what we want.
What is your preferred savings method, give your likes and dislikes about the method that you choose.
I will always say a bank is a place where we save all our money for future use, and now the question is btw piggy bank and money bank what is your preference, yes i will prefer to save in a piggy bank than for me to save in the bank this is because it saves time and energy for a person. Back in the olden days piggy bank was the porpular bank, with that people did not use their strength and energy to walk or pay transport fare all the way from the house to the bank. My Likes about piggy bank is that it dose not required network service for the money to be put into the bank, whereas bank has network issues, most at times when you need the money that particular time. Then my dislike is that when you want to remove money in the piggy bank you will have to break all the money before you are able to remove all the money whereas you don't have to break your 🏧 ATM card before you get your money.
Which saving method would you advise someone to go for.
I will encourage people to save in the piggy bank, because at the bank the won't want to collect 50 naira to save for their instead the will be collecting from 5000 naira upwards, whereas piggy bank isn't like that, piggy bank will save any amount of money for you and before you want to remove your money you will have to think throughly before you break your piggy bank.
Do you believe in savings? Or eat as you earn.
If you eat as you earn do you think you will be able to save properly. Probably i do believe in savings. Saving has helped both in terms of finaical problem and also in terms of emergency problems, but most of us our mouth love chop chop so we won't save the money, every minute i want to eat i want to eat 😁. That doesn't help us to save properly, instead of saving we will be spending more than what our hands can't reach. People save to provide for their day to day expenses.
Do you have any bad experiences of saving share with us.
Yes i do have a lot of bad experience and i will like to share one with you. I was actually a person who love to save money in the bank, so one day i went to get money urgently, let me say for emergency use, and before you know it network error, and i couldn't redraw the money the time i needed it.
In conclusion i really enjoyed answering this contest and hope you all learn from this contest topic. My special mentioning goes to @bessie2023 @goodybest and @bossj23