This is purely a bad habit, instead of looking for a strategy to keep money out of reach which I think is also a bad option for an emergency situation, I think changing the habit is better. Especially if the OP lives in a crowded center, this will be an extreme journey because just leaving the house will trigger extravagant desires.
Maybe it's true that everything has to start with changing wasteful habits to be more efficient. The method can be by having targets to be achieved which can be accomplished when raising money. Because without anything to achieve, humans tend to squander the money they hold. the second act is to have a foresight. Namely having an awareness of the importance of building financially from now on so that it will be better in the future. But to do all of this requires high financial management and discipline. and if one is not accustomed to discipline then all is in vain. 
Topic: Economic problem, why is fiat difficult to hold. - page 9. (Read 1319 times)
FIAT is a scam. Holding it will only make poor. Here in my country our local currency devalued against the dollar by 25% in a month. Everybody is buying whatever they can. Crypto, gold, stocks, used cars, toilet papers you name it. Anything is better than holding FIAT. USD will share the same fate too. Maybe not immediately but in the future for sure. There isn't one FIAT currency that lasted forever in history. They all die eventually. Some commodities like bitcoin and gold on the other hand, they don't die. They are timeless.
Fiat is not a currency you could hodl down with you else you may find it annoying seing that it has depreciated in value, the major constraint is inflation and holding fiat will not give you thesame or equal value of same rate for buying commodities over time from the market because of the increase in price through the influence of inflation, this means there's nothing to gain by holding fiat than to loose rather.
Why is money at hand difficult to hold?... I blame myself a lot for spending so much and being irresponsible with money....
You answer yourself. You pose the problem in an objective way, as if it happened to all of us, to finally recognize that you are to blame. It is true that society encourages spending, but ultimately you are responsible for it, because it does not happen to me and many others.
Money will not stay long if you're spending too much in things that are not really necessary.
It looks like that what he does.
But if you know how to manage and budget your money for needs before wants then you can track where it is going and you'll not wonder why.
This is essential. If the OP wants to start spending less, the first thing he has to do is to make a budget, and try to get in the right mindset.
This is purely a bad habit, instead of looking for a strategy to keep money out of reach which I think is also a bad option for an emergency situation, I think changing the habit is better. Especially if the OP lives in a crowded center, this will be an extreme journey because just leaving the house will trigger extravagant desires.
What the OP means, s/he finds it difficult to save money, cut expenses that aren't needed.
I'm really not sure what you're talking,
What the OP means, s/he finds it difficult to save money, cut expenses that aren't needed.
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,
Money will not stay long if you're spending too much in things that are not really necessary. But if you know how to manage and budget your money for needs before wants then you can track where it is going and you'll not wonder why. Society and yourself have something to do on why it's difficult for you to hold fiat.Therefore, to prevent yourself from spending, avoiding cash on hand, the use of atm cards and online banking might work. However it's not the real solution because you still need fiat to buy the essential things. You need to learn how to budget your finances and be aware of what you need to priority.
I'm really not sure what you're talking, kind of hard to understand your english..but I think it might just be a more personal thing with spending than anything else. Maybe your country/where you live also has something to do with it, perhaps?
I find money easier to hold than ever. At least here in the United States banks are pretty secure. We've got all sorts of money transfer apps, easy access to ATMs etc.
I find money easier to hold than ever. At least here in the United States banks are pretty secure. We've got all sorts of money transfer apps, easy access to ATMs etc.
Because of your habit of doing excessive things spending money cannot be controlled properly, plus you don't manage your finances properly at every expense, this will be a waste for you, no matter how much money you hold, it will still run out.
It's up to you to manage it again, and spend according to what you need, stay away from bad habits that are not beneficial so that this will reduce your financial expenses, I know that holding cash is very itchy to want to go shopping and spend more but think again for your future how to save money properly, while you can be well disciplined then I think it will be easy to handle.
Correct. Having a goal to achieve can make a person change wasteful habits to become more frugal. And usually people who have goals are those who think and have plans for a better future. So it's not even about holding cash or money held in savings. but this is about self-discipline in financial management and financial management is really needed in this case. It's up to you to manage it again, and spend according to what you need, stay away from bad habits that are not beneficial so that this will reduce your financial expenses, I know that holding cash is very itchy to want to go shopping and spend more but think again for your future how to save money properly, while you can be well disciplined then I think it will be easy to handle.
It's true, what you've described in OP at OP.
Cash at hand makes for easy spending and just as much is the case with cash in your account. Reason being that, you've got ATM card or even, a device that can make quick transfers. There isn't anything stopping you from archiving these transactions but yourself and the money is being spent on relevances by the way.
Unlike cryptocurrency where you've gotyo wait on the transaction to go through some confirmation time and the more you sell, the less you get.
So, there really is nothing holding you back but yourself. The best you could be is, have great discipline to hold back.
Cash at hand makes for easy spending and just as much is the case with cash in your account. Reason being that, you've got ATM card or even, a device that can make quick transfers. There isn't anything stopping you from archiving these transactions but yourself and the money is being spent on relevances by the way.
Unlike cryptocurrency where you've gotyo wait on the transaction to go through some confirmation time and the more you sell, the less you get.
So, there really is nothing holding you back but yourself. The best you could be is, have great discipline to hold back.
Actually, money was originally created as a means of exchanging goods, but still not as a means of accumulation. And when such a thing as paper money appeared, long-term savings in money generally turned into a risky story because states rarely know the measure in printing new money. And research in modern economic theory directly says that states should print money a little more than necessary in order to stimulate economic growth and force the population to spend money rather than accumulate it. Therefore, this is not an economic problem, but an indispensable feature of the modern credit monetary system.
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?
I also think that the society is contributing to the high and many expenses since there are lots of advertisements and offers everywhere. This ads and offers make us willing to spend our money to buy what their are marketing. Just like when we learned of a buy one take one offer of one of the item we use. We ought to buy them even though we still have some of them in our stash. Aside from that, pressure from peers when meeting up. Even though we do not plan on spending much money but due to peer pressure or to not get embarrassed, we tend to spend more than what we planned.
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?
Perhaps it’s a combination of the constant rise in the prices of goods and services as well as your bad habits. You said it yourself that you blame yourself for spending a lot as well as being irresponsible with money.
Anyone can make a plan with what to do with money but few people could actually stay on course with the plan to actualize the set goals.
You should start with having and keeping with a scale of preference. With that, you could keep track of what is actually needed(not wanted) and get them leaving the unnecessary and most times wasteful things. Unexpected expenses would likely pop up every now and then but with a clear budget and a scale of preference, you could beat the habit of spending on what isn’t needed and keep more money saved.
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?
You are not the only one suffering from this, a great deal of the economy growth is based on the consumption of goods and services, so not only businesses try to make you to spend more, even governments are interested on this, it is because of this that savings on the west are at an all time low while the debt that each person carries on their backs is at an all time high, then you need to do whatever you think it may help you to hinder those tendencies, and if this means giving up on some form of money then so be it. 
You are required to spend when you possess money. Even before the high cost of things, spending always happen. I understand that you're referring to the difficulty of being able to save up money. It happens to me too, but I have a way of controlling myself from buying unnecessary products. Since you realized that holding cash contributes to excessive buying, it's necessary to cut short the amount of cash you take from the bank and restrict your brain from thinking so much about the available balance. Or if you have a business, it's better you forward the funds back to the business and discipline yourself.
When you've noticed that it's just like a cycle that gets on happening again and again. And you're just an unstoppable spender, there's no problem and it's not a habit if you're spending it on meaningful things especially the needs that are essentials.
But if you're just spending it like you're one time big time millionaire in a day to you wants, that's certainly a bad habit that you should get rid. We can't stop to become a spender when money is in hands, I am not sure but there could be some psychological thing behind that because it's like everybody is like that.
But if you're just spending it like you're one time big time millionaire in a day to you wants, that's certainly a bad habit that you should get rid. We can't stop to become a spender when money is in hands, I am not sure but there could be some psychological thing behind that because it's like everybody is like that.
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?
Buying something we like makes us feel better, even if we don't use it or forget we purchased it. We are impulsive buyers because of that nice feeling.
Make a budget so you can see where your money is going. Once you've defined your expenditure, you may start making minor modifications. Small habits, such as going to Starbucks every morning, can quickly mount up to hundreds of dollars per year. Having McDonald's for lunch every day will have the same effect. Once you've cut back on frivolous spending, invest the money you've saved. To be honest, overcoming old spending patterns will be difficult and will need sacrifice and discipline, but it will be worthwhile.
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?
Because basically our thinking has the mindset that everything needs money so even if we have money we will obviously feel lacking.On the other hand, when we get more money, we will definitely have higher needs. But that's only natural, when we have money, our lifestyle must change, and this is the problem because we really have a big ego and a high level of prestige just because we are have money so that no matter how much money we get, the need will indeed feel even greater than before.
avoiding taking ATM cards from banks is also not a solution because basically when we live in the current era even though it is possible that we always invest in bitcoin but we also still need fiat and bank ATMs for everyday life.
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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,
Yea, If one is not self-disciplined, that's how it always would be. Like for me, before I started my business, I hardly kept money in the house or in just my normal bank account, if I do, in just a few days, I would run out of the whole money, and that's because I would almost always buy anything I see, and by the time that money was in my hand, that's when I would remember things I didn't have, both necessary and unnecessary ones. But I still learned how to manage money, and I also created a means to always save, so that any time the money goes Into that safe, it doesn't go out until the real need arises. It got better with my business in place, because if I spend that way, it can crash my business.
So, I would say, if you want to save the money you have on you, always be determined not to always get anything you see; just create a special saving plan for the money so that, once the money comes, you end it in your savings and only keep the one you expect to spend.
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?
You are not alone when there are many people in the same situation as you in today's society. So there is a sincere advice that I want to give you that is "The best way to keep money is to let money work for you". If you have some spare money, instead of trying to keep it in an account that will make it useless, you can make a plan to invest in speculative market channels such as gold, securities or bitcoin. That's how you can make money, but investing requires experience and knowledge, if you are going to invest try to learn these things as well as you need to have a solid mentality.
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?
Both.While we're living on this era and you're seeing the society and with the help of social media, there have been a lot of trends and flexes that everyone has to make for which results into more spending habits. An example of it is dining outside and going to expensive coffee shops like Starbucks or any known cafe that seems to be nice because the society that surrounds you think of you highly when you posts that you've been there whether it is at rare times or often times. I do get that before whenever I've got cash on hand and it's truly easy to spend it. As much as we want to save, we just can't because times that we have to spend is always there. That's why you gotta save hardly and even you can't, you have to oppose to yourself in terms of spending. While it's easier to spend today and shop everywhere through online and mobile banking, that adds to the reasons why a person doesn't have a saving. It will all end up on attitude and approach to your money handling decisions.
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