Benefits of Saving your money

[Mr. Allcrypto]

Saving is referred to as the amount of income not spent immediately on our  daily needs and wants.
It can also be said to be the money kept or set aside for future use...
In our current economy, our savings is very necessity because it will be beneficial to us with time.
We have long-term savings which we set aside for investment purposes and other things for beneficial purposes.
And we also have short- term savings which can be used for any emergency that may come up, because as humans there must be an emergency.

People may ask; how do we save money in our current economy ?

And there are numerous ways we can save money  which i will mention some vital points below:

1. We can save money today in our bank's and online wallets, which we can set long-term savings so that we can't take the money immediately for just any kind of emergency..

2. We can save money locally also in saving box and also save in group, locally called "Akawo" in most part of Nigeria..

3. We can also save our aserts in banks which will be in bulk, in this case we aim to save in bulk and it is a long-term process.


When we save, our goal is to get our money back on large scale, there are many benefits of saving which include;

1. It helps in emergency
2. It helps one to atain a big financial status.

Fun fact!!  Na money wey you save today go save you tommorow 😁

[DaNNy001]

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Fun fact!!  Na money wey you save today go save you tommorow 😁

Yes savings na something wey every man wey head to think supposed get because as the life be so , no one ever knows the outcome of things in the next split second and that's why it's important to save especially when you safe with a particular target to conquer. But from my views toward saving, I don't think saving in the banks is a good idea because with the rate of inflation your money fit lose value massively but when you save that money for crypto like Bitcoin wey get possibility of increasing and even giving you profits is definitely more better than saving in the banks.

[Cantsay]

When we save, our goal is to get our money back on large scale, there are many benefits of saving which include;

You sure say you nor Dey mistake investment for savings so? I nor really see as saving want take give you huge return unless you decide to invest that money wey you don Dey save. And one better way to run am - since we Dey talk about savings and that kind money we nor Dey quick need am, the person fit just put am for bitcoin (this is not a financial advice) and wait make the price increase so that you fit take profit, but risk Dey sha (as with other investments).

He still get some kind people wey be say even after dem don collect the money wey dem save dem go still lavish am - nai make he good to get plans as you Dey save. As you start they save start to Dey think of Watin you go do once the money reach certain amount and once he gets to that target go use am do that thing, nor wait make problem come collect the money from you.

[Gormicsta]

E really dey good to save money especially when you get Emergency wey fit arise wey u need money ASAP to use solve am, and you go just go your safe box, collect the money solve am without running around begging people to help you, and why to save money good too na because you fit see something wey you like e.g like clothes, foods etc, you fit just buy am without hesitation because you know say you get money, money you dey save go really help person in future and you go dey even enjoy am say dey talk say assuming say you no save, how you for dey do am, to save money dey really avoid see finish o.

[Sokani]

Wether you be a salary earner or business man, to dey save part of your income as e dey come dey good. You fit run into some kind of issue use the money solve am or you fit gather am use am do better thing for yourself, so saving dey important.

The 3 methods of saving wey you drop, I choose the wallet and bank saving. The Akaowo for me no dey reliable because sometimes the people wey you dey do am with fit collect and when your own turn reach dem no go gree pay you.

[Sim_card]

The 3 methods of saving wey you drop, I choose the wallet and bank saving. The Akaowo for me no dey reliable because sometimes the people wey you dey do am with fit collect and when your own turn reach dem no go gree pay you.

All the three methods slef no too gel, because if you keep money for bank, inflation go depreciate am, and when the time come for you to use am e Don lose value. Akawo na very sure thing too, but why we go even go put money wey we no go need for long for third party hand, e no gel. For me I go prefer to keep my savings in bitcoin just like the way I dey do now. If na your emergency funds wey you go need for short period of time, no problem you fit keep that one for bank. Bitcoin Don give us the freedom to keep our money by ourselves if you use self custody wallet and keep our keys safe. Saving in bitcoin na investment, and the value dey appreciate as time dey go, before you know your savings don generate extra funds for you.

[DannyD234]

There is a difference between saving and investing

Saving just be like say u keep or hide ur money there is no increase in the amount and the worst part na when u go save am for bank Omo inflation do depreciate ur money

While Investing to me is like adding more value to your money. there are numerous ways you can invest ur saved money which is better than leaving it in ur bank

[Maxwell99]

Saving is referred to as the amount of income not spent immediately on our  daily needs and wants.
It can also be said to be the money kept or set aside for future use...
In our current economy, our savings is very necessity because it will be beneficial to us with time.
We have long-term savings which we set aside for investment purposes and other things for beneficial purposes.
And we also have short- term savings which can be used for any emergency that may come up, because as humans there must be an emergency.

People may ask; how do we save money in our current economy ?

And there are numerous ways we can save money  which i will mention some vital points below:

1. We can save money today in our bank's and online wallets, which we can set long-term savings so that we can't take the money immediately for just any kind of emergency..

2. We can save money locally also in saving box and also save in group, locally called "Akawo" in most part of Nigeria..

3. We can also save our aserts in banks which will be in bulk, in this case we aim to save in bulk and it is a long-term process.


When we save, our goal is to get our money back on large scale, there are many benefits of saving which include;

1. It helps in emergency
2. It helps one to atain a big financial status.

Fun fact!!  Na money wey you save today go save you tommorow 😁

Saving is very important in our lives as a man u supposed get savings wen go save you one day, e dey important say at least from all your work u still get savings for somewhere wen go help you in times on need , savings helpif you be a salary earner evey month try save . You fit also save in cryptocurrency or bank and get interest rate .

[Gideon99]

Saving is referred to as the amount of income not spent immediately on our  daily needs and wants.
It can also be said to be the money kept or set aside for future use...
In our current economy, our savings is very necessity because it will be beneficial to us with time.
We have long-term savings which we set aside for investment purposes and other things for beneficial purposes.
And we also have short- term savings which can be used for any emergency that may come up, because as humans there must be an emergency.

People may ask; how do we save money in our current economy ?

And there are numerous ways we can save money  which i will mention some vital points below:

1. We can save money today in our bank's and online wallets, which we can set long-term savings so that we can't take the money immediately for just any kind of emergency..

2. We can save money locally also in saving box and also save in group, locally called "Akawo" in most part of Nigeria..

3. We can also save our aserts in banks which will be in bulk, in this case we aim to save in bulk and it is a long-term process.


When we save, our goal is to get our money back on large scale, there are many benefits of saving which include;

1. It helps in emergency
2. It helps one to atain a big financial status.

Fun fact!!  Na money wey you save today go save you tommorow 😁

As an individual, saving helps you to build an emergency fund, save for retirement or other purpose. Saving money there are many benefits that comes with it, it provides financial security and peace of mind , knowing that you have money somewhere in case if unexpected expenses gives you peace of mind. It help increase stability of economy. When a person saves , it create more capital for bank to invest, it also prepare you for the future.

[DragonF]

You dey correct. Na savings wey dey save man no wonder dem call am savings because e fit save person. Most persons no understand the importance of savings na why dem dey neglect to save. Many dey give excuses why dem no dey save but no matter how small e good make person dey save money remember say a drop na him dey make a mighty ocean. So, drop that small money for bank or saving box as the author of this topic don talk and you go surprise to see how much you go gather in no time. All those money you dey use for frivolities try dey save am. E go help you.

[Emmanuel1]

Saving money is very good and important for living.
No matter how rich you are now, if you don't save today you will beg tomorrow; saving money is part of budget planning and if you don't plan today you will fail tomorrow.
So talking about the benefit of saving money:
*Saving money gives you financial independence.
*Saving money, have the capacity to reduce stress.
*Saving money, helps to limit debt.
*Saving money, helps at the time of emergency.
Let me drop but a few benefits of saving money.

[Rex067]

Saving is referred to as the amount of income not spent immediately on our  daily needs and wants.
It can also be said to be the money kept or set aside for future use...
In our current economy, our savings is very necessity because it will be beneficial to us with time.
We have long-term savings which we set aside for investment purposes and other things for beneficial purposes.
And we also have short- term savings which can be used for any emergency that may come up, because as humans there must be an emergency.

People may ask; how do we save money in our current economy ?

And there are numerous ways we can save money  which i will mention some vital points below:

1. We can save money today in our bank's and online wallets, which we can set long-term savings so that we can't take the money immediately for just any kind of emergency..

2. We can save money locally also in saving box and also save in group, locally called "Akawo" in most part of Nigeria..

3. We can also save our aserts in banks which will be in bulk, in this case we aim to save in bulk and it is a long-term process.


When we save, our goal is to get our money back on large scale, there are many benefits of saving which include;

1. It helps in emergency
2. It helps one to atain a big financial status.

Fun fact!!  Na money wey you save today go save you tommorow 😁

Saving money could be help one way and the other. Most saving will help you in times of needs or emergency thats where you run back to your savings to save you out. It's very wise as a business owner or working class to have savings some where for critical situations.

[Rex067]

You dey correct. Na savings wey dey save man no wonder dem call am savings because e fit save person. Most persons no understand the importance of savings na why dem dey neglect to save. Many dey give excuses why dem no dey save but no matter how small e good make person dey save money remember say a drop na him dey make a mighty ocean. So, drop that small money for bank or saving box as the author of this topic don talk and you go surprise to see how much you go gather in no time. All those money you dey use for frivolities try dey save am. E go help you.

Yes my brother na only people when understand the important of savings dey save so most people because of ignorance so we should not blame them , those kind of persons have not been in cristal situations before.

[Mr. Allcrypto]

Saving money is very good and important for living.
No matter how rich you are now, if you don't save today you will beg tomorrow; saving money is part of budget planning and if you don't plan today you will fail tomorrow.
So talking about the benefit of saving money:
*Saving money gives you financial independence.
*Saving money, have the capacity to reduce stress.
*Saving money, helps to limit debt.
*Saving money, helps at the time of emergency.
Let me drop but a few benefits of saving money.

I agree with you, saving your money have alot of benefits, most especially for this our economy if we get the habit of saving, and we dey set our budget of how we go dey spend our money, e go help us well

[Penlex_Writer]

Saving money is very good and important for living.
No matter how rich you are now, if you don't save today you will beg tomorrow; saving money is part of budget planning and if you don't plan today you will fail tomorrow.
So talking about the benefit of saving money:
*Saving money gives you financial independence.
*Saving money, have the capacity to reduce stress.
*Saving money, helps to limit debt.
*Saving money, helps at the time of emergency.
Let me drop but a few benefits of saving money.

You are right. A man without savings is a man without back ups. There is an adage in my locality which is translated to mean that "it is only during emergency that you will know a man". This goes a long way to justify the importance of savings because it is only a man with savings that can overcome the emergency test. One of the measurements for financial stability is saving. A man who is financially stable is a man with savings.