Bookwormlux
Valued Contributor
It is often believed that having a lot of money saved somewhere is a very big advantage to an individual because it helps them whenever they face uncertain situations are the cause of their life time.
But I also want us to take into consideration a scenario whereby saving money becomes a very big disadvantage .
This may sound somehow, sure , but since we have got so many advantages of saving money , I believe that there are also lots of disadvantages when you are saving .
Some of the disadvantages are:
- Saving stops you from being able to utilise investment opportunities that may present to you at the course of time , and you would definitely lose out .
- Saving does not in any way multiply your Money , that's to say the bank or any saving agency you are using is only using your own money for business, when you yourself is not making any profits at all.
- Savings can go missing due to situations like theft , or fire damage .
When this happens, you could lose all your net worth that you have denied your self pleasures to save for long .
- Saving money denies you the opportunity to enjoy your life . After all, what is the need of working all day without enjoying the fruits of your hard work ?
What do you think about saving money, especially as regards the disadvantages ?
But I also want us to take into consideration a scenario whereby saving money becomes a very big disadvantage .
This may sound somehow, sure , but since we have got so many advantages of saving money , I believe that there are also lots of disadvantages when you are saving .
Some of the disadvantages are:
- Saving stops you from being able to utilise investment opportunities that may present to you at the course of time , and you would definitely lose out .
- Saving does not in any way multiply your Money , that's to say the bank or any saving agency you are using is only using your own money for business, when you yourself is not making any profits at all.
- Savings can go missing due to situations like theft , or fire damage .
When this happens, you could lose all your net worth that you have denied your self pleasures to save for long .
- Saving money denies you the opportunity to enjoy your life . After all, what is the need of working all day without enjoying the fruits of your hard work ?
What do you think about saving money, especially as regards the disadvantages ?