How to save your money

Willans

Active member
There are different ways to save money now cause we Have a lot of banks to save money in
One can save money through the use if internet like the bitcoin wallet app that you can keep it save your money in it but can save a high amount if money in the bitcoin for a use like a feature use
Or one using it to start a good business
You can save money on banks such banks are well Fargo banks that the US bank if it is the African bank but can save it through different bank account like the first bank account and the sky bank you can save your money in it and it trustable but most people like the Bitcoin wallet because it's more fundable than the banks it helps you to keep your money very safe and easier for you in the internet
 

Suba

Moderator
Staff member
I don't understand what you're talking about, Bitcoin wallet or keeping money in the bank. Of course it is very much different if you want to compare Bitcoin wallets with banks. Bitcoin wallet private key is the owner of Bitcoin, who is fully responsible for the Bitcoin owned, while the bank is under the supervision of the Central Bank, if your money is lost or the bank goes bankrupt it will be guaranteed by the central bank through the Deposit Insurance Corporation with a maximum amount of $ 150,000 .
 

btaliat

VIP Contributor
There are many ways by which money can be saved. There are advantages and disadvantages to each of the methods that one may choose to adopt but it is better to choose the ones that have lesser disadvantages in order to make the process more profitable for us.


Saving with local banks: there is no country that doesn't have local banks for her citizens to save their money. These banks are called Commercial Banks. It allows deposit from customers and gives interest on the saved money. Most time, it is better to fixed money to attract more interest rate. The only disadvantage to this method is that it doesn't encourage saving during inflation period.

Saving with microfinance banks: this like banks but different in some ways. In this, people of the same interest, pool their resources together and make sure they loan the money out and collect the interest on those borrowed money. The only disadvantage to this is that some people may not returned the loan.

Saving in crypto: this is the commonest way of saving. People save in different coins and most time they even prefer to save in some stable coins which protect their money from incessant volatility of crypto.
 

Oluwasegun purpose

Active member
There are many ways to save your money,you can save your money in a bank, crypto or a saving box.... first of all let talk about saving your money in a bank account.if you want to save your money in a bank all what you need to do is to look for any bank of your choice go to it And open an account if you want to open let it be a savings account after you have open it make sure you didn't collect an ATM card even if you are given throw it away or you break it because it can be a temptation for you to withdraw part of your saving so don't collect the ATM card..
secondly you can save your money in a saving box, saving your money in a savings box is one of the best ways to save money because if you are using saving box you can't have an ATM card or any way to collect part of the money, you will be saving the money still when you will want to make use of the money so if you want to save your money you rather save it in a bank account or a savings box....
 

anniee

New member
Since money in today's world is a medium of exchange in the form of banknotes or coins it is important that we save them and spend wisely. But how can we do this;
1. Record your expenses- The first step to start saving money is figuring out how much you spend. .
2. Include saving in your budget
3. Find ways to cut spendin
4. Set savings goals- Making a schedule will go a long way in helping you save money
5. Determine your financial priorities
6. Make saving automatic- Registering on saving platforms and giving it a setting that will deduct a certain amount into the platform for saving is one of the most efficient ways we can save money
When the above mentioned points is considered you will definitely watch your savings grow.
 

Shigobad2020

Active member
We have only two method of savings and thats online and offline savings , offline savings has to do with local and international bankings throughout the world in which you can save and also withdraw money by going in and out of the bank , but online savings has been diversified, there are some offline savings that's attached to online saving , taking for example ,most offline bank now has online mobile banking application where you can make any type of transaction either local or international through the internet.

Saving online also has to do with the use of crypto currency wallet to save your crypto currency like bitcoin, litecoin , ethereum , dogecoin, usdt , tron and many more , but the only disadvantages of this type of savings is the volatility of the market which makes the crypto currency coin changes at any time , it might rise and fall .
 
Top