Many people know the importance of having money on standby in cases of an emergency but due to one reason or the other, not many people have the capacity of actually saving money.
To some, the blockage that is making it difficult for them to save, lies in the many responsibility they shoulder. Some people's money is not actually their money. Before a hundred dollars enters their account, they have already thought of diverse ways to spend that money on the responsibility they shoulder. Though, some people don't spend their money on nice responsibility but on other irrelevant things.
I do tell people that there is no flex in spending money aimlessly on clubbing and having fun. However, there is a huge flex in saving money and getting your needs when necessary. One Nigerian musician, Jeriq, once said in his music, "Paper," "save money today, so that money will save you tomorrow."
That line hit differently. There is no other explanations needed to actually make people understand this line. If you want to be saved from emergency bills in the future, you have to start saving money today.
I am not a well disciplined person when it comes to saving money. I have a lot of things that I'm using money for. When I get one credit alert, the next thing that follows is a lot of debit alerts. Plenty responsibilities want to kill the responsible person.
Irrespective of the fact that I have lots of responsibilities, I still have a small savings. I actually love saving but then, I can't fully save as I desire because I have to settle unpaid bills.
I was talking to a friend the other day and she told me how she has savings in piggy vest, Opay and other mobile applications that allow for savings. I actually admired her, but when I think of it, this person is married to a rich guy. How can I compare myself to somebody that will request things from her husband and get it? When I thought of it this way, my admiration began to fade and I stopped looking down on myself.
I used to save with the bank, however, I do get debited every now and then for different charges. Though the charges were not much, I didn't like it. It's a savings, and I expected a monthly interest for saving with the bank. My friend told me that she do get a nice interest when she saved with the bank, but me, I got nothing.
Due to the above mentioned issue and the fear of inflation which is gradually eating up my country's currency, I decided to stop saving with the bank and move into crypto saving. However, this is not actually saving though but it's like using my money to chase money. I decided to buy coins and hold. Sometimes I provide liquidity, get rewards for staking some coins and doing some things every now and then to get more money. Though this can not be counted as savings, at least, I was not charged for doing nothing.
I think this year, I'll remove some of those funds to invest in something offline. From there, I'll be saving the profits from that investment in a bank. Maybe this time, I'll be more careful to see if I'll get the saving plan where the bank will be giving me a monthly interest.
Thank you for reading.
Images belongs to me.