Topic: Economic problem, why is fiat difficult to hold. - page 11. (Read 1242 times)

I also have a hard time-saving fiat money and have developed the habit of visiting supermarkets less frequently on a daily basis. Instead, I set aside a certain day of the week for shopping and make a list of the necessary things and products for the week. Buying everything at once in one day turns out to cost much less than doing it daily.
I know the marketing tricks when the most necessary products, such as bread, are located in stores at the very back. This is designed to ensure that the buyer, having the goal of buying only a loaf of bread and passing by the shop windows, buys something else additionally.
Therefore, in order not to be tempted by various unnecessary things, it is more convenient for me to purchase everything at once in one day. Nevertheless, I understand that such a strict regimen will not save me from walking with children and spending on children's goodies and toys.

Avoiding cash and not taking ATM cards from banks is not the right solution for everyone because as long as you still can't be frugal with your habit of spending every money you have, you will always find ways to take it. Even if you don't activate USSD or internet banking or anything related to money, because basically every human being cannot avoid money even though they can avoid cash. But in this kind of case I just want to give you a little solution that maybe this can be very useful for you to apply in your life.

The first thing you should do if you still don't support your own family is not to associate too much with those who are spenders because it can trigger you to be a wasteful like them too. That's the first, and the second is don't be too interested in momentary pleasures that might result in lasting difficulties for yourself, for example, like often following friends' invitations, basically they are very lazy at working to make money.

So that you can also more easily lose motivation to continue working and making money in your own life. I think these two things can make you practice saving money before you spend it in any way that is completely useless, so you can consider these two things because they are directly related to the environment and to your daily interactions.

Money is difficult to hold because a lot of things created these days are meant to take money out of your hands and into their pockets. You have to pay for a Netflix subscription and a gym membership. We are so busy these days that we hardly cook our own meals, so we have to pay for eating out. So many things are outsourced nowadays, so you pay for whatever it is that you have outsourced. In fact, we may get to the point of paying for the air we breathe (I hope it doesn't happen). One other thing you should note is that if you live in a country where inflation is happening, you would notice that you spend more money than you used to spend on regular stuff. The two best ways I know to control this and have some money with you are to get more jobs and watch what you spend.

The reason is probably you and your habits. If you are salaried person, start saving at the beginning of the month. I will tell you what I personally do.

I receive my salary on 1st working day of every month. By 5th, all of my investments are done from my bank account. I have setup my banking account with debit mandates which automatically transfers my money into predefined investment plans and wealth management accounts. So by the end of 5th, you come to know your financial power and then start spending accordingly.

This method really helped me. You may want to try.

It is certainly both, first is there are people who can’t actually save and they spend or buy almost everything that comes there way both there needs and wants, if a person has such culture then it is hard to save even without money at hand they would still break into there banks and get those funds. The only easiest way these set of people can save is to join a contributing team or corporate organization that you make contributions and the end of the stipulated time some gets the money. This way the Person sees the contribution as an obligation that needs to be attended to, and this minimizes excessive spending when one has extra money at hand.

The second is not having to clear the necessary things before going into saving, so even if such person saves this money in the bank or any where they would still reach out to them when the needs that needed to be addressed where not addressed before going into savings. So on this one’s need should be tended to before saving

It's difficult to hodl fiat if you're the type of person that loves impulsive buying, shopping online, always eating outside, buying branded clothes and shoes, etc. In order to spend your money on the right things, you have to be matured enough to endure your thoughts on buying the things you want, instead focus on the things you need. Keep track on your expenses, budget your fiat, only buy things you wanted if you really have extra cash for it and don't do it always.

Most likely both society and yourself.

Why is money at hand difficult to hold? I usually find it difficult to keep track of money anytime I have cash at hand, I make plans to hold money, but It never stays because something always demands the money, it is even so bad now that money kept in my account is also now being affected due to expenses. This is not something that happens to only me, I know that because of how money can easily be spent, many people now decide to avoid having cash, avoid taking ATM cards from their banks and also avoid activating USSD or internet banking, but is that really a long term solution? I blame myself a lot for spending so much and being irresponsible with money, but in your opinion, do you think that the soceity is contributing to the high and many expenses making money not to stay or is it just a bad habit I have?