Contest: A Penny Saved, is a Penny Earned

Hello guys,
It's a pleasure on my path to share with you all my entries in this week's contest which is titled "A Penny Saved, is a Penny Earned" which is organized by @sahmie. It is an interesting contest and I would love to drop my entry ASAP.

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Before we go ahead I would like to invite @senehasa, @josepha, and @suboohi to join this contest in this community today and share their participation as well, I do hope to see and read your entries as well.

What do you understand by the word "Saving" and how can we save our earnings on Steemit?

Savings to my understanding is the act of keeping for the future what you have earned from the work you do. A good example is if you are working in any company and you are paid $10 monthly, you may decide to withdraw $5 and then keep $5 for future use. That act is known as savings.

In the Steemit platform, we have what we call power up, this is the act of converting our Steem to Steem Power. So when you convert your Steem to Steem power, it will be locked for some time and that means you have saved that Steem.

Savings also in the platform means money that can not be easily accessed. The case of the power-up shows that for you to have the asset it must take 4 weeks for the assets to drop completely. So that is what I understand about savings.

Give reasons why you think it is important for us to save our Steem earnings on Steemit.

There are many reasons why we need to save our Steem earnings on Steemit and one of the most important reasons is that when you save your Steem in the form of Steem Power, you will be able to perform so many functions on the platform and that will also help you to vote on other peoples publication and earn what we call curation reward.

Another reason is that you will have to take time before you can access the money. This means you will be able to ignore some unnecessary things because you will need to go through the process before accessing the money.

If money is easily accessible, anything that comes up you will want to touch money because it is easily accessible but the platform made it that way so that you only go to the money when there are pressing issues.

How do you balance the excitement of earning STEEM on Steemit with the importance of saving for the future?

The Steemit platform is so organized and I want to thank those who brought about the plans of the platform this way. Aside from the power-up of Steem, you know that the rewards earned are always divided into two. One part automatically goes to your savings and the other is what is withdrawalable.

So even without power up you still have some amount of savings already on the platform. The essence of the power-up is to save more on the platform. So earning this money on the platform and also saving it to earn more from the platform is what every wise person will always want for himself or herself.

To show that a penny saved is a penny earned, do a power-up showing us a before and after wallet balance.

The screenshot below shows my account before and after the power-up. The essence of this power-up is to build my account to earn a higher curation reward.

From the images above, before the power-up, I had 388.287 SP and I had 34.955 Steem. I powered up everything which led me to have a total of 423.242 SP. This has helped increase my growth and savings on the platform which means I can earn more curation rewards with this.