btaliat
VIP Contributor
There are many ways of saving of money apart from the banks. In fact, most people including me dislike saving money in the banks for various reasons. Though, no one can deny the fact that banks still remains the safest and the most trustworthy place we can save our money without entertaining any fear, the disadvantages of saving in banks are more than what one can explain.
The main reason why I don't like saving in the banks is the fact that most time, it devalues the money. Someone that saves #50000 last month may discover that the money has lost its value as it cannot purchase commodity that is worth the same amount.
Another reason why people may not even want to save with the bank is the fact that there is always excessive charges from the banks. They charge unnecessarily which does help in reducing the value of the saved money.
The other reason is that most time, banks don't ooerste ok weekends which means someone may have limitations to when to access his money. Though the provision of Automated Teller machine has eased this tension, it doesn't change the fact that not all ATM users are literate which make some of them fall into cheap scam.
The main reason why I don't like saving in the banks is the fact that most time, it devalues the money. Someone that saves #50000 last month may discover that the money has lost its value as it cannot purchase commodity that is worth the same amount.
Another reason why people may not even want to save with the bank is the fact that there is always excessive charges from the banks. They charge unnecessarily which does help in reducing the value of the saved money.
The other reason is that most time, banks don't ooerste ok weekends which means someone may have limitations to when to access his money. Though the provision of Automated Teller machine has eased this tension, it doesn't change the fact that not all ATM users are literate which make some of them fall into cheap scam.