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Money Saving
Overcoming spending temptations when saving money?
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[QUOTE="Mika, post: 228567, member: 29399"] A lot of people save money just because they can spend it. I will give you numerous examples. People save money so that they can buy a TV, a car, go on a vacation, buy an iPhone, by Macbook, etc. I don't mean to say that you should not buy these things or never enjoy your life, what I mean to say is what is the point in spending your money when you might have to live a miserable life in your old age, or what if you do not have any money just when you actually need it (to pay for an operation, for example). When you have money in your bank, you are always tempted to spend it, well this is human nature. There is also a psychology behind this. Spending money, or let's say buying things is good for your mental health. However, you should always overcome the temptation. You can do this by putting your money in a fixed deposit bank account instead of a normal savings account. When you have money in a normal saving account, you can withdraw whenever you want, but when you have money in the fixed deposit account you can withdraw only after the term end. [/QUOTE]
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Overcoming spending temptations when saving money?
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