▶️ Watch on 3Speak --- Saving is one of the most difficult things to do and practically the most searched word on some search engines. It's always going to be like this and people will always requi...
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@iskawrites: Finally!!! I have been refreshing this page in the last 3 hours. I have a friend whom I tried to encourage to save. Ha! My friend swore for me because she kept telling me that she doesn't earn enough and that she will start saving when she starts earning more money. One of the few times she saved with me, she was able to keep up for two months and then one morning she came up with a good story and got it back before the due date. .. The next time she wanted to save again, I had to choose the fixed deposit for her money. And I clearly told her it's locked up until the due date. And to make her not feel bad about not accessing it when she needs it, I told her that she will have more by the end. That's because the saving scheme I used gave 20% interest rates. Yes, banks use various schemes to take advantage of the money people save to make money. And oddly, it's because of impulsive buying that makes us spend recklessly. Piggy boxes were great for us because you didn't get to use the money unless you had it broken. Saving with our parents wasn't welcomed after a while though because mums for instance will often say, the food we ate is the from the money we were saving with them 😂
@valggav: one thing is living expenses another income. I will give priority to children or savings. I will survive and invest or enjoy. what will happen tomorrow, will I invest and what if I die tomorrow? what will it do me? etc etc a lot of questions that a person can ask themselves, and which will discourage them from investing
@joetunex: Saving is not an easy habit to cultivate, some of us get into the habit of telling ourselves we don't have much to have and will start saving when we earn more. The downside to this idea is the time when we start earning the amount we think is more for us to save never comes as our standard of living goes high, amongst other factors like inflation, etc.
@wrestlingdesires: These are the classic reasons that the poor rarely manage to improve their situation 😢 This post has been manually curated by the VYB curation project
@amiableamara: I was in my friend's shop one day when this guy walked in and gave her 2k. She brought out an exercise book from her drawer and wrote something down after which the guy walked away. I asked myself if she was doing contribution and she said no. That the guy begged her to help him save his money. So he gives her 2k everyday. I was impressed with the youngman. He knew his weakness which is financial indiscipline and so thought out a good way to solve it. My friend too is very accountable and i am sure both of them will not encounter any problem.
@jfang003: Saving is tough and people need to be consistent if they do want to save. This requires them to actually put in some work and build out a plan because throwing the money into the bank isn't going to help too much. You got to let that money work for you but most people don't have the financial education to do so.
@jude9: This is really true. Most people are unable to save due to many hardship they go true. In Ghana for instance, things are really expense, the hike of fuel prices and hyperinflation have become a menace to many people especially the average people. Even the basic needs like food and shelter are increasing daily, how can people save if sometimes there is the need to collect for their daily routines in order to survive.
@starstrings01: See as video and speech is fluid. I wish I can be like this. Impulse buying This is one thing that's common among people. Tending not to control their emotions when they see something they like. We buy stuffs when we do not even plan them... Saving with banks would have been really nice if t there is a reasonable interest rate to having a fixed savings.
@takhar: I tried a lot strategies and techniques that will help me save consistenly and effeciently for a long time but it keeps being broken by life's uncertainty. Discipline is a fundamental part of saving money. The more we stick to it, the stronger the discipline muscle becomes and over time, we form a habit for saving.
@josedam: Well, You have said it all @josediccus ......we need more of this factual content. I was able to attend a seminar last year, and it get to a session we need to have some finance gist it get to a point we were discussing about saving and all the factors affected saving, but I keep hearing lack of budget, goal and so on, with alot of research and as a psychologist I discovered you might even have a budget and goal without you able to save, because discipline is very important even if holding any seminar I make number 1.like you've said discipline is very important in saving Thanks for the insightful post @josediccus .
@balikis95: Saving is good but it is tough for many out here. Someone who works 18 hours a day and earns below average with a family of four and the economic status can't save a penny. They need to be saved instead. Though I believe savings help a lot. It does help me in achieving some little unseen things and I am grateful for that.
@rafzat: Saving is quite difficult. Imagine yourself striving to keep some amount of money because of future purpose...but we just have to save. We have to inculcate that habit
@latinowinner: blockchain is freedom from the banking system
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