Mika
VIP Contributor
The banks are the best platforms if you want to manage your money properly. It will help you spend wisely, invest, and save.
If you spend your cash, you cannot track your spending, therefore, you wouldn’t know how much money you spent for what categories. When you spend through banks, either through Credit Cards, Debit Cards, or Direct bank Payments, you can track your expenses. Managing money is easier if you know how you are spending it.
If you are investing money in the stock market, you need a DEMAT account, which is an account in a bank that holds financial securities in digital form to make trading and investing in the stock market easier.
Whether you want to build emergency funds or retirement funds, banks are the ideal platforms. However, you need to save in high-yield saving accounts.
Therefore, you need multiple bank accounts and you need skills to create a budget in order to manage these accounts.
If you spend your cash, you cannot track your spending, therefore, you wouldn’t know how much money you spent for what categories. When you spend through banks, either through Credit Cards, Debit Cards, or Direct bank Payments, you can track your expenses. Managing money is easier if you know how you are spending it.
If you are investing money in the stock market, you need a DEMAT account, which is an account in a bank that holds financial securities in digital form to make trading and investing in the stock market easier.
Whether you want to build emergency funds or retirement funds, banks are the ideal platforms. However, you need to save in high-yield saving accounts.
Therefore, you need multiple bank accounts and you need skills to create a budget in order to manage these accounts.
