Post
Topic
Board Economics
Re: Economic problem, why is fiat difficult to hold.
by
Bebe22
on 07/08/2023, 17:35:12 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 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 society is contributing to the high and many expenses making money not to stay or is it just a bad habit I have?
In my opinion, it's specifically a bad habit...yep, you lack money management ( no offense). I sometimes blame society for how high the cost of living is, and how I have too much of my money purchasing little goods, but have you tried simplifying your expenses? Separating your actual needs from your wants, probably making a list of expenditures according to their usefulness.
Trust me the cost of living would only get to you when you're either earning less than your expenses, or you don't know how to manage money. So I'd say you focus on money management whether you have enough or you don't. It's a literal skill that pays so much.