Ask Leo: Is saving Money is the better option in this inflated Era?
Now there comes a day when you want to buy something and need to break that money bank so the first time when I break mine was for buying a bicycle.
After breaking it I had plenty of enough money to buy bicycle and it was possible through my saving habit and one more reason why saving money was beneficial 15 years back as compared to now is money had a stronger grip, value and more demand.
is Saving Money Still a Better Option in this Inflated Era
The world is not same like 20 years ago. The stability in economies and money (fiat) has been lost in the name of Inflation.
People talks on inflation everyday and mostly of them still have a mindset of "Saving money" in this inflated era.
A mindset of working 9 to 5 and then after getting salary and buying Groceries or other monthly expenses at one side and keeping whatever money left in bank is what they call "Saving money".
Some save money in Banks on low interest for doing marriage, to buy a car or doing a business or for Visa to go abroad for work.
Now Tell me is it a better Option to save Money in this inflated era?
Coming back to money bank example for the answer. So, a kid of this era is saving Money in his/her money(Piggy) bank.
Adding little and little money everyday he thinks it is Growing but when after a Year when he breaks money bank and now going to the same shop to buy a new bicycle he won't Get it.
Money (fiat) was getting devalued the whole time but the kid was thinking his money is growing coz of he saves it everyday in money bank.
So whatever a Kid or an Adult whether saving in a Bank or kids money bank. saving money is not a better option anymore.
Saving Money Concept is a bit outdated - Need to Upgrade
Keeping money in Banks on low interest for saving money doesn't make any sense and is a outdated thing.
The upgrade is instead of saving money in Banks. it is way better to let "Money work for you" in this era.
HBD offers like 20% APR at a stable price so it's much better than Banks.
Leofinance Products offers plenty of Good APR for farming and staking.
The main Point is making passive income while saving money. This is the upgrade we need in this inflated era to survive and Growing.
In the end i would like to know my fellow Leo Perspectives and POV regarding this topic and my thoughts.
Memes are all mine & Created Using Meme Generator
Thanks for reading.
Greetings.
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I like how you wrapped this up by bringing HBD into the discussion.
Currently, Banks pay very low interest on savings. The interest rate is insignificant compared to the charges you pay for saving that money in a bank.
But, HBD makes it easier and more profitable.
In general, whether there is inflation or deflation, those that have the habit of saving will always squeeze out something to save. What makes a difference is the matter of where they choose to save their money
Glad you liked it kene. Your words are encouraging Enough to sleep early tonight. 🥺
Yea, Plus our fiat value Gets devalued each day.
HBD and Hive Tokenomics is something a perfect module for making passive income or better income from savings.
Said very well. The habit of saving is something Good if knows where to save and take other actions necessarily according to situation.
Thanks kene for stopping by and adding valuable comment in discussion.
Means a lot and Much !LUV
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Hahaha.... I hope you got to sleep early and also wake up early 😂. Haha.
Well Done Bro
Nah, I slept at 3am and woke up at 9:40 exactly - sed loif dude.
Thanks broo 🤝
!LUV
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Personally for now I don't see saving money in the bank a good option because they give very little returns and they use the money to run their own business.
Now I know crypto I should buy coins
Thanks for sharing
Exactly a smart thinking of yours.
Returns are low and money itself Gets devalue while they run business and make tons of more.
Be careful in crypto tho!
My pleasure and thanks for stopping by.
Thanks so much friend for sharing with us 🥰
Definitely we need to stop saving money in the traditional way as we were taught by our parents.
We need to learn new ways of saving money in the digital age in order to maximise the benefits of letting our money work for us.
Thanks.
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Yea, exactly they haven't yet adapted this new reality and thinks those ways stills works well.
Indeed. Said very well and we have quite much opportunities around us just need to look for the right one.
My pleasure and thanks for stopping by.
!LUV
!PIZZA
!LOL
Nice to meet you, @idksamad78699
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Hola @idksamad78699 por aquí leyendo tu publicación. Comparto plenamente tu análisis, la situación económica mundial y nuestro día a día así lo expresa. Gracias por presentarnos tu análisis y compartir con nosotros.
Hasta otro compartir.
Feliz semana para tí y los tuyos.
Hey, hope your having a Good day.
Indeed. Thank you for stopping by and adding valuable discussion!
Means a lot and much !LUV
Happy week to you and yours as well
It's not all that bad to save money in banks. Right now, cash is still KING and crypto is a lot less liquid than cash in the bank should you need a sum of money for any immediate emergency.
This Make sense bro. Where I'm living RN can say Cash is not King. People who have savings in Banks are regretting because of economy.
Crypto still need to get mature and has a long way to go and exactly you're right for emergency cash banks are like saviour most of the time.
Yay! 🤗
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As usual I enjoyed the memes.
The scenario is so common today. People save their money in banks or even in their piggy bank only to be welcomed by inflation. Pooff You may be rich with that money from the past but not in the present. 🥲
HBD saving is the way to go!!
Glad you liked it. Enough reason to make more memes haha.
The biggest fear of this era "Inflation" Lmao, I'm ready to welcome my ex for dinner but not inflation.
Said very well.
Long Live HBD!
Thanks witty for adding valuable discussion here. Means a lot and much !LUV
Hahahaha ex 🤣
Inflation sucks. That’s for sure!
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Tbh i think its better to spend wisely than to save like u can get a starbucks coffee for 5$ but u can pretty much make it yourself way cheaper so its always better to have wiser choices and investments
Spending wisely matters most no matter what.
Yep, said very well!
!PIZZA
!LUV
You can do both, save in the bank while saving crypto 😊.. More practical way...
Yea, make sense tho! Nice.