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 the transactions that we generally do are using FIAT, so it is very possible for us to spend it when the money is already in our hands because I also experienced this, especially if we are in an urban area where access to shops or areas where we can spend money is very easy to reach, so it will becomes a big obstacle for us to be able to hold fiat, sometimes listening to financial planners giving advice by making allocations and being disciplined in implementing it but it's also not easy because many things can make us end up spending the money we have withdrawn from ATMs.
Will saving it at an ATM save us from being over budget? not really because transactions can also be done online, so this is indeed a constraint, which is why to only save fiat as needed, and it looks like turning our fiat into Bitcoin will save us from spending more than we should, but this is not a suggestion, just something I'm slowly doing so as not to always spend money.