Post
Topic
Board Economics
Re: Economic problem, why is fiat difficult to hold.
by
MiF
on 14/07/2023, 21:14:43 UTC
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?
I also notice that if we hold our money we can easily be tempted to go shopping or spending it in the things that is not so very important to us, maybe it is because it is in our hands, for me the solution is also in our hands if we spend the money to make a good business i am sure that it will never be lost because it will bring us back the capital and the profit if we found a good business that fit on our status specially when we are still in the beginning of a business journey.