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What are the advantage and disadvantage of saving money in the bank?
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[QUOTE="Mataracy, post: 100792, member: 28733"] Before I will talk about the advantage and disadvantage of saving money in the bank. I will like to call our attention back to the meaning of the bank its self. Bank can be describe or define as a place where money and other valuable commodity(gold ,jeweres) is kept for save keeping. The advantage of keeping money in the bank is for the money to be save so that thief will not steal it. Secondly; one can also fixed the money so that it can yield interest at the appointed time. Thirdly; we keep money their so that we will not spend it lavishly. Forth; we also keep our unspent of part of our money their to meet unforeseen circumstances. But in the other way round I used to look at it that keeping money in bank is just a waste of time sometimes. The disadvantages of keeping money in the bank is that: (1) What you save within few minute may latter become many hours whenever you want to collect(withdraw) it back. (2) You may get to back sometimes to withdraw and they will be telling you that the network is bad but yet they can still collect money at that same moment so annoying some time. (3) You ATM can be trap at any time especially during weekend and its very discouraging. (4)ones account can be hacked and all the money can be withdraw. (5) The interest received on any saving account at the end of the month is too small. I believe we can see the Advantage and disadvantages .My question is what can we do? you can also give your own experience or idea on this. [/QUOTE]
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What are the advantage and disadvantage of saving money in the bank?
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