General ways to save your funds

Phabbyfundz

Valued Contributor
There has been speculation where people often says that saving with banks are not really durable due to the unreasonable charges or bank drafts. But this is not generally true in as sense that we are aware that banks do take charges but they are other savings method with banks where you money or funds is deposited in a bank and it gains incentives as times goes on it is just like an investment but the incentives are just like bonuses .
They are also so many readily available way to save money or funds if you think banks are not for you can be a member of a registered association under law where you are made to deposit a stipulated amount of money on weekly , daily or monthly bases depending on how it suits you and you get your money back when ever it is due.
 

btaliat

VIP Contributor
If what you are explaining is fixed deposit, I don't really buy into the idea. I don't think I can save money with bank personally but that doesn't mean that saving with banks is not good. But I do see it as a way banking sector is only using the money for their benefits.
 
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Chibson

VIP Contributor
Saving money in banks can not really give you much profit and I do not really like doing so instead I invest in things that would really give me a whole lot of money in the nearest future or better still stake it in the cryptocurrency platform. Definitely the bank charges is one of the contributing factors to the dislike.
 
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Alexandoy

VIP Contributor
Saving money is a habit that you have to learn. It is not saving money today because you earned an extra or maybe you won in gambling. But then tomorrow you will just spend your savings. The best way to save is to be consistent on the habit like keeping a dollar a day in a piggy bank. If you can afford 5 dollars then that is better.
 
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Sotherefore

VIP Contributor
I can save my money in a bank but this can only be the amount of money that I will need urgently but my importance saving cannot be in the bank especially over here that that is a devaluation of our currency it is either I invested in cryptocurrency that is able to give me something in the future or I invested in real .Those are the most profitable one.
 
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Abigael

Valued Contributor
I have never thought of saving my money in a bank, except the mobile banking option that I am currently using to save. Saving in banks is not an option for me because it involves alot of process and the fixed deposit option is not great especially when inflation occurs.
Another option that I like saving my money is the group saccos.
 
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kayode10

VIP Contributor
I prefer to save my money in foreign currency because of the inflation rate in my country is out of this world. The price of things double virtually every hour and this is driving everyone crazy in the country. I simply convert my savings into cryptocurrency with a stable price. I convert a portion of the money back into local currency to make a purchase offline.
 
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