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Money Saving
Disadvantages of saving money.
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[QUOTE="Abigael, post: 241679, member: 25357"] [SIZE=18px]Saving money is one of those qualities that you will be highly recommended by any financial advisor you meet. It comes with so many advantages ranging from that of helping you afford anything you set your mind to buy and saves you from taking unnecessary loans. But everything that has a positive has it negatives. The disadvantages of saving include; [B]The money just sits there, it does not multiply[/B] like it would if you invested the money. Think for example if you decide to just save the money in a bag and put it in your house. That money will not be as good as the money you decide to invest into a sacco or do forex trading with it. [B]Saving denies you so luxuries. [/B]I know saving is important, but we are also human beings and so we desire to engage in some luxurious activities that need money. If you are focuses on saving, you will miss out on those luxuries. So as much as you save, you should also spoil yourself sometimes. [B]Saving can lead you to face inflation issues. [/B]Making your money sit in the bank for a long period of time makes it loose value when inflation occurs. The amount you saved long ago is not able to afford what you could have bought with it then in the present time.[/SIZE] [/QUOTE]
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Disadvantages of saving money.
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