Post
Topic
Board Economics
Re: Economic problem, why is fiat difficult to hold.
by
Bushdark
on 04/08/2023, 16:50:18 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?
Maybe you have to try and convert your fiat money to cryptocurrency do that it won't be too easy for you to spend your money since it's not in fiat mesns that can be too easy to spend. Thingsvare very expensive these days that is why holding money does not last like before again. Before when you hold small amount like $50, you can buy so many things with it but now, things are very expensive and you will have to work for more befotr you can buy those things you used to buy with little funds. Things are not going to be easier because of government policies and inflation.