Money Saving approach Goal in 2023

[Yakub02]

Money is anything that is generally acceptable as a medium of exchange and as unit of account. One of the great characteristics of Monet is that it must be a measure of value.
People demand for Money for many reasons. We have transaction motive where demanding for money is for day to day buying and needs acquisition, this is common among the low class people.
Another reason is precautionary motive precautionary in the sense that money is being demanded for or money is being required to be able to save for future to attend to any unforeseen circumstances or eventual things that can happen to people. It may be in form of accident, injury, Insecurity issues, theft, court cases etc.
Speculative reason for demanding for money is to acquire money to save for future investment.
It can be easily done if one has an arrangement with bank to effect standing order on a salary or wages.
This is common in a situation where the organization is paying to an official bank . This official bank, the worker will contact with a standing order arrangements. For outright deduction to be a formidable means of savings for future investment.

 

[Carpon]

Money as you have said is now seen as any thing that has international recognition for being a medium of exchange. It has to possess the characteristics of being flexible and recognizable in the international market.

Saving money is another Important aspect of life and this is so because if the ample benefits that are attached are derived from savings engaging in such positive financial habits. As one steps into the year 2023 I think that one of the most important things that should be given heed to is setting a good savings plan and I will here after make a thread on that.

One has to find out what way he or she can save and also the rate at which it will be more favorable. Another thing to consider is the method of saving. Whether in local bank or international banks and all the likes of such decisions that matter a lot.