Hello everyone!!!
I hope so you all are fine and happy 😀
Everyone is trying to survive in a best way and everyone is trying to give his best to his family but the way of doing things is totally different as obviously everyone human has it's own mindsets. Life is big and has big thing's to do in Life but obviously we need money to do these things. Sometimes we need in emergency situation but sometimes we need it mabuay but all the time we need money to live on this planet lol.
Image by Steve Buissinne from Pixabay
Savings or insurance!!!
Insurance is actually a kind of savings which we do in different insurance companies and savings are just saving which we do personally in home or in our wallet's. But insurance is a kind of locked saving that your money is locked for some year's or a time which you choose as there's many packages of insurance but every month you need to give them money in installments according to your package.
Many people prefer to do insurance for several purpose just like some started to save money for wedding ceremony and some take it for house and also for car's. I think those people do insurance who can't save on their own. Just like in today's era salaries are low and expenses are so high that a employee take his salary and after a day his all salary almost end because he pays bills and he pay school fee for the children and also buy groceries for a month and almost now 10 or 20 percent of his salary remain now he's confuse hoe he start saving so insurance is best for such people.
Because he knows that he had to pay money to a company for insurance but for saving he made hundred or thousand lame excuses that this month he can't save some money because expenses are so high. But it's just the game of your mind that how you tackle the situation if you know to play it then you can do it easily and once you're getting use to of it , you feel easy to do this.
I prefer savings!!!
I don't say here that insurance isn't a good thing but actually i prefer to do savings as i can save some money on my own and i never tried to put myself in insurance, actually we need to manage risks on our expenses that's a secret to live a life and we shouldn't depend on others like companies to save our money from risks.
Insurance on your car is just like this that you already pay money to the company and do insurance your car now for all kind of losses company will bear the loss, yeah some people do this type of insurance but still i never try to put myself in insurance stuff.
That's all for today and it's my entry in this week hive learner contest in hl-exclusive for the topic of hl-w204e3.
Thank you for your time and support 🙏