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Money Saving
Saving money at home put you at risk to spend.
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[QUOTE="blessingc, post: 239462, member: 73446"] It is good and important to save money for future purposes but saving it at home is not a good idea, it is archaic and has a lot of disadvantages. In fact, it’s not an exaggeration to say the greater the amount of cash at home, the greater the risks involved. Anything can happen at home, there could be fire outbreak, building collapse or other unforeseen circumstances that can make the money disappear and become a waste of time and effort. When thieves break into your home, they’re looking to steal anything of value – including and especially cash. Keeping money at home is not a good idea, it is like the unwise servant burning his talent to dig it out when the master gets back without investing it. When you keep you money at it won't grow interest like when you keep it in a bank account or invest it in something reasonable. Inflation is a fact of life, and it eats away at the value of any investment that doesn’t earn interest. Nevertheless, it is a good idea to have some extra in cash at home for an emergency situation where you won’t be able to spend more than a few thousands of naira. [/QUOTE]
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Saving money at home put you at risk to spend.
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