Contest!!! Benefits of Saving Money

Canva design

Hello and welcome to my blog for today, how are you all doing and I hope all is really working perfectly, today I will like to be taking part in this awesome contest, which concentrates on the benefits of saving money.

Money Is seen as a generally accepted means of trading, before money was established, goldsmith has already been doing trading by lending gold to people and in return they will pay extra money which brings him profit, with these little knowledge, men decided to conclde with each other and bring out a generally accepted token which can be used to buy and sell goods amongst each other.

On the other hand, saving money comes with many benefits, I can really say that there is no man here on earth who have not saved money in there life, saving money really makes it possible for us to have something to rely on when we are in need, it is also said that money saved today is money that will save us tomorrow.

What do you think about saving money for future use

Saving money for future use is really the best thing every man on earth should automatically be doing, as we can see in our world now, it is those who have money that has power, so it will be advisible if each and every one of us try to form the habit of always saving up the little money we have as they can turn around to save us tomorrow.

Saving money those not only give you power, rather it libirates your family from poor to rich, when you save some good amount of money and use them to open any little business in your area, and by the end of the day you make good profit and the money yields, I can really say that these can provide you with more than enough money to help build a better generation.

Do you save money?, What ways have you adopted in saving your money

source

There are many ways by which we can save up our money, for me, I gave multiple ways which I save up my money and I would mention them to you.

Bank: for me, I really love saving some of my money in my bank, because it is only in the bank that I think my money is secured and would be given account if if anything ever happens to it, although there are some situations where bad people might tend to compromise your bank account because you lost your card or you lost any of your important account details to them.

I can say that the bank is the safest place to keep our money away from thieves or anyother bad people, bank really helps us by keeping our money for a very long time until we are ready to make use of them.

Box: I have also saved money in a box, that was when I was still in my tender age, we would create a small box for ourself and since we don't have any work to get money, whenever someone dashes any little amount of money to us, we would go straight to our boss and save it up there, after adding money to the boss sometime, we would break it and find out that we have saved some good amount of money and we would use it to buy something important for ourself.

What are different ways that are used to save money in the past

In the olden days, there was no much institutions where you can easily save up your money, so they keep their money either with them or find a more safer place to store them, below are some of the ways by which people save money in the olden days:

Under the bed: In the olden days before the coming of technology, people had their own ways of saving their money, and saving money under the bed was one of the ways in which people save money in the olden days.

In the bush: In the olden days, money was saved in the bush, people who have multiple lands find it really easy to hide their properties and valuebles in the bush for safety.

With trusted friends: in the olden days, people do save up their money by leaving it with that friend they really trust so much, and when it is time for them to make use of it, they will come back and take it from that their friend.

Ajo: You might wonder what Ajo means, the concept of Ajo started in the olden days, where some group of people who leave and work in a community will contribute some certain amount of money either weekly, and at the end of the saving cycle they will give it to one person, these will carry on until everyone has received the same amount of money.

source

Buying gold: This is really the best way if saving money, in the olden days, people go as far as buying gold so as to save their money so that they cannot spend it and as the years are running down, the gold tends to be more expensive and more valuebles.

Purchase of properties: in the olden days, people also save up their money by buying properties, I can really say that this is the best way of saving money, they buy properties like lands, house and many other things.

I will like to invite @richy20, @bossj23, @saintkelvin to participate in this contest.