Contest: A Penny Saved, is a Penny Earned
Edited on pixelLap
Most people say "This bucks is too small for me to save because it doesn't worth anything". Having this kind of mindset won't help us save a dime. Most teenagers do have this kind of mindset and when they squander the little money they had, they'll now remember the word "saving". This contest organized by @sahmie will help us steemians and readers to know that "A penny saved, is a penny Earned".
What do you understand by the word "Saving" and how can we save our earnings on Steemit. |
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The word "Saving" is a means of keeping or gathering what we have without using it unnecessarily. We do earn STEEM coin here on Steemit for creating quality content, and we can as well save our earnings here. How? I discovered 2 ways in which we can save our earnings on Steemit. Below are the 2 ways in which we can save our earnings on Steemit.
- Powering up
We earn STEEM and STEEM POWER rewards for the contents we create here. When the rewards are distributed, steem power (SP) will be automatically added to our balance, then the steem rewards also known as liquid steem can be sold for cash. So to save this earnings, it's best we do power up to avoid selling the steem for cash.
- Joining monthly challenge
Screenshot from my phone.
There's this monthly challenge that's ongoing organised by @bossj23. This challenge can be a means of saving our earnings on Steemit. The challenge rules makes it easy. In this challenge you don't convert your steem to cash until the challenge elapses which is within the period of 1 month. So i think participating in this challenge will help save our earnings.
Give reasons why you think it is important for us to save our Steem earnings on Steemit. |
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"Cryptocurrency is the way" they said. Saving our steem earnings here on Steemit is very important because STEEM is a cryptocurrency which is traded in the most popular exchange in the world called BINANCE.
Screenshot from Binance exchange
Though it's price is not that high as expected, i do have hope that STEEM will reach its highest price this year, so starting now to save our earnings will definitely make us millionaires by the end of the year.
How do you balance the excitement of earning STEEM on Steemit with the importance of saving for the future? |
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The excitement and joy is always overwhelming anytime i create content and earn steem rewards. I'm a newbie here that's why i don't have enough contents yet.
Screenshot from my phone.
When i first received my rewards through steem and also winning a contest with the prize of 3SP i was so excited and i took it as my first step to success as well as securing or saving for my future. I'll always try to engage in numerous contest and challenges so as to save my earnings here on Steemit.
To show that a penny saved is a penny earned, do a power up showing us a before and after wallet balance. |
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I would love to show my before and after wallet balance after power up, but I'm in a monthly challenge i talked about earlier organised by @bossj23. According to the challenge rules, we're not allowed to do power up until the challenge is over.
The elders of our land say "Ke mbek ke mbek mbañg afid ebod". This simply means that the penny saved today will yield more penny tomorrow. So having the mindset that "A tree can't make a Forest" instead many trees do, will help you save continuously and at last you'll know that "A penny saved, is a penny Earned".
I'll love to invite @bossj23 @queenella1 @kidi40 to participate in this contest.
CC; @sahmie
My twitter post link
https://twitter.com/bassalli001/status/1744289752927391863?t=0sD-IzLxcf0N-BBzW7ashQ&s=19
Team Newcomer- Curation Guidelines For January 2024 Curated by - <@ashkhan>
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I don't have enough sp to perform much task, I'll work on that. Thanks for the upvote.
You have made a good point by saying participating in one month challenge without converting your Steem to cash, Is a great means of saving. Good luck.
People with this kind of mindset will never grow beyond a particular stage because they cannot handle money in the hands.
No matter how little the money is, we should be able to save from it.
It's nice to know about your experience and excitement from creating content and each time you earned Steem rewards on Steemit. Keep up with the consistency.