Saving for rainy days is becoming harder
Saving has always been a tool for keeping one self-positioned for a better living as the savings made could be used for numerous things like investment, emergency, survival on bad days, and of course savings is a security against the unknown. We never can tell when the funds saved will come in handy, but we know that it will at one point, and if it never does, it remains your money and it offers an avenue to the fun things one has always dreamed of.
In that regard, numerous people have engaged in the act of saving. Like I said, saving means different things to different people and that’s why the way people do it is quite different also. Some people engage in saving by splitting their income in a 50-50 manner while others do it in a 70-30 manner (Saving 30%). Regardless of how save up, the important thing is that one does it.
Lately, saving has been quite difficult to accomplish as lots of investments continue to crumble and inflation is on the rise too. Stock prices have crashed and even Forex trading is a no-no at this period due to the continuous crumble in price in this sector; cryptocurrency included. Even if one happens to work outside this highly volatile environment, the issue of inflation is still a big concern as the price of daily wants continues to skyrocket. At this rate, the funds coming in are quite higher than the funds going out, thus the reason why saving is becoming harder to accomplish.
In a country like mine where the inflation rate has been estimated to be around 35 %, we all know that the figure is false. The true representation of inflation is supposed to be around 150% if calculated appropriately. This has made savings quite an impossible task to accomplish. The truth remains that every day is now a rainy day in my dear country and even the money saved before has now been used for everyday survival.
Regardless of how tough things gets or how tough things are, there is no denying that saving for rainy days is the right way to go. In summary, save up no matter how tough it gets in accomplishing that.
Baba I no go lie u, na pesin wey chop go fit save oo. The way sapa don hold some people ee, e no too easy oo.
But regardless, saving is always a good idea.
Excellent piece bro. Notin do u jare
thanks for the comment baba.. e no easy
Hello @lebey1
There are people who do not agree with saving as they see it as losing investment opportunities, from my perspective saving is necessary because in the face of unexpected situations we can allocate part of our savings to solve certain situations.
Best regards, be well.
even all investment at the moment continues to go down, hence saving is important
Your post was upvoted and resteemed on @crypto.defrag