Economic problem, why is fiat difficult to hold.

[Stepstowealth]

Why is money at hand difficult to hold? I usually find it difficult to keep track of money anytime I have cash at hand, I make plans to hold money, but It never stays because something always demands the money, it is even so bad now that money kept in my account is also now being affected due to expenses. This is not something that happens to only me, I know that because of how money can easily be spent, many people now decide to avoid having cash, avoid taking ATM cards from their banks and also avoid activating USSD or internet banking, but is that really a long term solution? I blame myself a lot for spending so much and being irresponsible with money, but in your opinion, do you think that the soceity is contributing to the high and many expenses making money not to stay or is it just a bad habit I have?

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[philipma1957]

Why is money at hand difficult to hold? I usually find it difficult to keep track of money anytime I have cash at hand, I make plans to hold money, but It never stays because something always demands the money, it is even so bad now that money kept in my account is also now being affected due to expenses. This is not something that happens to only me, I know that because of how money can easily be spent, many people now decide to avoid having cash, avoid taking ATM cards from their banks and also avoid activating USSD or internet banking, but is that really a long term solution? I blame myself a lot for spending so much and being irresponsible with money, but in your opinion, do you think that the soceity is contributing to the high and many expenses making money not to stay or is it just a bad habit I have?

Most likely both society and yourself.

[AicecreaME]

It's difficult to hodl fiat if you're the type of person that loves impulsive buying, shopping online, always eating outside, buying branded clothes and shoes, etc. In order to spend your money on the right things, you have to be matured enough to endure your thoughts on buying the things you want, instead focus on the things you need. Keep track on your expenses, budget your fiat, only buy things you wanted if you really have extra cash for it and don't do it always.

[Zaguru12]

do you think that the soceity is contributing to the high and many expenses making money not to stay or is it just a bad habit I have?

It is certainly both, first is there are people who can’t actually save and they spend or buy almost everything that comes there way both there needs and wants, if a person has such culture then it is hard to save even without money at hand they would still break into there banks and get those funds. The only easiest way these set of people can save is to join a contributing team or corporate organization that you make contributions and the end of the stipulated time some gets the money. This way the Person sees the contribution as an obligation that needs to be attended to, and this minimizes excessive spending when one has extra money at hand.

The second is not having to clear the necessary things before going into saving, so even if such person saves this money in the bank or any where they would still reach out to them when the needs that needed to be addressed where not addressed before going into savings. So on this one’s need should be tended to before saving

[avikz]

Why is money at hand difficult to hold? I usually find it difficult to keep track of money anytime I have cash at hand, I make plans to hold money, but It never stays because something always demands the money, it is even so bad now that money kept in my account is also now being affected due to expenses. This is not something that happens to only me, I know that because of how money can easily be spent, many people now decide to avoid having cash, avoid taking ATM cards from their banks and also avoid activating USSD or internet banking, but is that really a long term solution? I blame myself a lot for spending so much and being irresponsible with money, but in your opinion, do you think that the soceity is contributing to the high and many expenses making money not to stay or is it just a bad habit I have?

The reason is probably you and your habits. If you are salaried person, start saving at the beginning of the month. I will tell you what I personally do.

I receive my salary on 1st working day of every month. By 5th, all of my investments are done from my bank account. I have setup my banking account with debit mandates which automatically transfers my money into predefined investment plans and wealth management accounts. So by the end of 5th, you come to know your financial power and then start spending accordingly.

This method really helped me. You may want to try.

[mvdheuvel1983]

Why is money at hand difficult to hold? I usually find it difficult to keep track of money anytime I have cash at hand, I make plans to hold money, but It never stays because something always demands the money, it is even so bad now that money kept in my account is also now being affected due to expenses. This is not something that happens to only me, I know that because of how money can easily be spent, many people now decide to avoid having cash, avoid taking ATM cards from their banks and also avoid activating USSD or internet banking, but is that really a long term solution? I blame myself a lot for spending so much and being irresponsible with money, but in your opinion, do you think that the soceity is contributing to the high and many expenses making money not to stay or is it just a bad habit I have?

Money is difficult to hold because a lot of things created these days are meant to take money out of your hands and into their pockets. You have to pay for a Netflix subscription and a gym membership. We are so busy these days that we hardly cook our own meals, so we have to pay for eating out. So many things are outsourced nowadays, so you pay for whatever it is that you have outsourced. In fact, we may get to the point of paying for the air we breathe (I hope it doesn't happen). One other thing you should note is that if you live in a country where inflation is happening, you would notice that you spend more money than you used to spend on regular stuff. The two best ways I know to control this and have some money with you are to get more jobs and watch what you spend.

[CageMabok]

Why is money at hand difficult to hold? I usually find it difficult to keep track of money anytime I have cash at hand, I make plans to hold money, but It never stays because something always demands the money, it is even so bad now that money kept in my account is also now being affected due to expenses. This is not something that happens to only me, I know that because of how money can easily be spent, many people now decide to avoid having cash, avoid taking ATM cards from their banks and also avoid activating USSD or internet banking, but is that really a long term solution? I blame myself a lot for spending so much and being irresponsible with money, but in your opinion, do you think that the soceity is contributing to the high and many expenses making money not to stay or is it just a bad habit I have?

Avoiding cash and not taking ATM cards from banks is not the right solution for everyone because as long as you still can't be frugal with your habit of spending every money you have, you will always find ways to take it. Even if you don't activate USSD or internet banking or anything related to money, because basically every human being cannot avoid money even though they can avoid cash. But in this kind of case I just want to give you a little solution that maybe this can be very useful for you to apply in your life.

The first thing you should do if you still don't support your own family is not to associate too much with those who are spenders because it can trigger you to be a wasteful like them too. That's the first, and the second is don't be too interested in momentary pleasures that might result in lasting difficulties for yourself, for example, like often following friends' invitations, basically they are very lazy at working to make money.

So that you can also more easily lose motivation to continue working and making money in your own life. I think these two things can make you practice saving money before you spend it in any way that is completely useless, so you can consider these two things because they are directly related to the environment and to your daily interactions.

[lovesmayfamilis]

I also have a hard time-saving fiat money and have developed the habit of visiting supermarkets less frequently on a daily basis. Instead, I set aside a certain day of the week for shopping and make a list of the necessary things and products for the week. Buying everything at once in one day turns out to cost much less than doing it daily.
I know the marketing tricks when the most necessary products, such as bread, are located in stores at the very back. This is designed to ensure that the buyer, having the goal of buying only a loaf of bread and passing by the shop windows, buys something else additionally.
Therefore, in order not to be tempted by various unnecessary things, it is more convenient for me to purchase everything at once in one day. Nevertheless, I understand that such a strict regimen will not save me from walking with children and spending on children's goodies and toys.

[CarnagexD]

Why is money at hand difficult to hold? I usually find it difficult to keep track of money anytime I have cash at hand, I make plans to hold money, but It never stays because something always demands the money, it is even so bad now that money kept in my account is also now being affected due to expenses. This is not something that happens to only me, I know that because of how money can easily be spent, many people now decide to avoid having cash, avoid taking ATM cards from their banks and also avoid activating USSD or internet banking, but is that really a long term solution? I blame myself a lot for spending so much and being irresponsible with money, but in your opinion, do you think that the soceity is contributing to the high and many expenses making money not to stay or is it just a bad habit I have?

It is not the money's fault to be difficult to hold. It is your difficulty to handle your impulsiveness. And worse is you're blaming it to other things. So to my response with your question, yes. It's probably a bad habit of yours but it can be easily to solve. First is forgive yourself. We all gone through that where we became irresponsible of our assets. Then practice accountability. Just know and accept that it is your fault. Not the money's fault or the banks fault. It's probably your own organization of your money, your priorities, or budgeting. Most importantly is the action. You work on how you spend your money. How you plan to risk it, invest, or keeping it. Just know that regardless or wherever you put it, there's always a risk.

[Liliana1304]

It's especially hard to save fiat what with the current economic situation where fiat has lost its value. I just believe that no matter how strict the regimen is, it's still finds a way to get spent. I dunno if it's just me this feeling of having to solve a thousand and one things once the money is there happens to or others experience such.

I won't call you reckless especially how you're putting much effort to save. In my country, the local fiat is so devalued that it would be best to spend than hold..

[Aanuoluwatofunmi]

Why is money at hand difficult to hold?

Because it's a centralized currency and can be affected by the means of inflation, it's not profitable to hold because it depreciate in value, there's no privacy with the use of fiat, many believed it's a liability to hodl since it will decrease in value over time, there's no form of holding a fiat currency that can be compared with bitcoin in cryptocurrency not to talk of the trust in which is not found with using fiats from the commercial institutions, banks and government regulations.

[Faisal2202]

Money is used to meet expenses and whenever we need something wether it is necessity or you just want it for you, you have to pay price, and what other benefit in keep collecting Money if you will not spend it for yourself.

Other than that, i do agree with you, like if i have money in hand then it used up so easily, my younger sister always ask for money and i have to give her if i have money in hand and if I don't i apologize and saves my money. (Many will say, your words are not matching like in the first para and here and many will say, how could you declare not giving money to loved ones as saving money) the point is, she always buy waste and unnecessary things from which i want her to stop.

And, i always save money when i am in my friends because they also find a way to waste your money, even if you have in your atm so i just do not hold atm card with me. Hehe. I might be declared as miser, but i am not because when i know it is time to spend money i do not hesitate, if you really wants to stop wasting money then only keep what you need for your regular expenses and the money left behind, use it to invest in BTC. Because when if you will have money in Crypto it become a little difficult to withdraw them for small things.

[YOSHIE]

Why is money at hand difficult to hold?

There are several ways you can do it, so that your money can be frozen in storage and there are several reasons why money doesn't stay in your hands, there are always expenses.

First: a good method of saving money.
* If you use a bank account, try not to use an ATM, you only need to have an account book and don't keep the book in the cupboard, try to wrap the bank books properly and put them under the floor / under the floor tiles of the house, you send money to be deposited with just a slip, when the storage period is over, just disassemble the tiles and take the book.
* The second solution, buy gold bars little by little, try to keep the gold in the safe and keep the safe key away from you, of course it's a secret, only you and your wife know about it.

The reason why money can't settle down, there are expenses.
* First: you must have other income, not one income that you earn, because one income does not meet your needs with the money you earn.
* If you get an average income of $ 1000/month, try to save 30% of that income.
Another solution: now measure your needs with your income, needs.
1. Measure your daily needs.
2. Measure your monthly and annual needs.

After that, measure your income per day, month and year, whether the expenditure is large or a little income or if the expenditure is greater, try to reduce it, only buy what is necessary, 30% of the money you get is turned off / frozen.

So many solutions from me.

[Yamane_Keto]

Tracking money is not an easy thing, but you can facilitate the tracking process if you download an application on your phone. These applications have attractive icons that enable you to manage your financial life with ease. All you need is a few daily clicks after any purchase, and this includes small purchases, even donuts. You add them to the account and at the end of the month you will have a simple list of your expenses, after which you will decide which of these expenses are necessary and which ones you can bypass.

Google Tracking money apps you can find some apps according to your country.

[Hamza2424]

Why is money at hand difficult to hold? I usually find it difficult to keep track of money anytime I have cash at hand, I make plans to hold money, but It never stays because something always demands the money, it is even so bad now that money kept in my account is also now being affected due to expenses. This is not something that happens to only me, I know that because of how money can easily be spent, many people now decide to avoid having cash, avoid taking ATM cards from their banks and also avoid activating USSD or internet banking, but is that really a long term solution? I blame myself a lot for spending so much and being irresponsible with money, but in your opinion, do you think that the soceity is contributing to the high and many expenses making money not to stay or is it just a bad habit I have?

Dear first of all understand fiat doesn't guarantee the value behind the paper or currency whatever you call it locally. Hmm for the second reason, I am not sure how can you justify well it's not your task but still, as you are asking why it is difficult to hold so you should answer the inflation's impact. It is difficult to hold fiat because inflation regularly decreases your buying power.

For paper cash and ATM cards, people are now used to e-payment apps and even now people are shifting to digital crypto wallets which they use to invest in the market and make their daily payments. Well, it's not our topic being particular to the topic bro the point is the technological developments and trends of crypto made a great impact on the dominance of crypto over fiat money. So as with the passage of time, the fiat is losing its value and utility in the economic circle.

[khiholangkang]

It's difficult to hodl fiat if you're the type of person that loves impulsive buying, shopping online, always eating outside, buying branded clothes and shoes, etc. In order to spend your money on the right things, you have to be matured enough to endure your thoughts on buying the things you want, instead focus on the things you need. Keep track on your expenses, budget your fiat, only buy things you wanted if you really have extra cash for it and don't do it always.

I don't think it is a problem if the money used is 20% of your total net income, sometimes at a certain level of life, branded goods or who have the impression of luxury in need of forming a trust or admiration for yourself, if you are one Celebrities will definitely need branded goods.
But if our income level is below and does not find a function on luxurious things for the journey of your life and business, then it does not need to be done and it is not.

Why is Fiat hard to hold?
Your income is small and most important because you don't have money management.

[leonair]

Why is money at hand difficult to hold? I usually find it difficult to keep track of money anytime I have cash at hand, I make plans to hold money, but It never stays because something always demands the money, it is even so bad now that money kept in my account is also now being affected due to expenses. This is not something that happens to only me, I know that because of how money can easily be spent, many people now decide to avoid having cash, avoid taking ATM cards from their banks and also avoid activating USSD or internet banking, but is that really a long term solution? I blame myself a lot for spending so much and being irresponsible with money, but in your opinion, do you think that the soceity is contributing to the high and many expenses making money not to stay or is it just a bad habit I have?

ATM card, internet banking can't be a solution to hold money because it is easy to withdraw money through ATM and through internet banking which increases our unnecessary expenses because in today's digital world e-commerce sites are becoming popular both and there are debit credit cards.  And making payments through internet banking is becoming very easy. so what we need to do is to reduce unnecessary expenses and save and hold money by making investments that can be a long-term solution. Because investment money does not want to break or spend easily

[teosanru]

Why is money at hand difficult to hold? I usually find it difficult to keep track of money anytime I have cash at hand, I make plans to hold money, but It never stays because something always demands the money, it is even so bad now that money kept in my account is also now being affected due to expenses. This is not something that happens to only me, I know that because of how money can easily be spent, many people now decide to avoid having cash, avoid taking ATM cards from their banks and also avoid activating USSD or internet banking, but is that really a long term solution? I blame myself a lot for spending so much and being irresponsible with money, but in your opinion, do you think that the soceity is contributing to the high and many expenses making money not to stay or is it just a bad habit I have?

This is very true. It's our habit only. Just assess the situation that you had previously with limited money in hand. Will you be borrowing money? Or will you be okay? If you would be okay then you are spending money in a wrong way but if you might have to borrow money eventually then you are right it's just the expenses that you have are unavoidable and absolutely necessary and you need to raise up your income in this scenario to ensure savings.

[chrisculanag]

There are so many temptations around that attract your eyes to withdraw money. Also because of worldly luxuries we will never be able to keep our money in the wallet safe. For me it's better to just leave your extra money in your safe vault so you can't move them when you're out. It's also good that you invest only in cryptocurrencies that have the potential to rise so that you can save some income somehow.

As for your question about whether that is really a bad thing on your part so you can't stop wasting money, it can be yes or no. Yes, because you have not been able to control the distribution to those who ask for your finances. And no, because we really have obligations to do such as paying bills, food and many others.

[Uruhara]

Why is money at hand difficult to hold? I usually find it difficult to keep track of money anytime I have cash at hand, I make plans to hold money, but It never stays because something always demands the money, it is even so bad now that money kept in my account is also now being affected due to expenses. This is not something that happens to only me, I know that because of how money can easily be spent, many people now decide to avoid having cash, avoid taking ATM cards from their banks and also avoid activating USSD or internet banking, but is that really a long term solution? I blame myself a lot for spending so much and being irresponsible with money, but in your opinion, do you think that the soceity is contributing to the high and many expenses making money not to stay or is it just a bad habit I have?

I think it all really depends on the needs factor which is certainly different for each person. Even if you keep your money in the bank and you don't take an ATM and also don't have M-banking on your phone. but then you have an urgent need, so you will still withdraw the money somehow and use it. even though the distance to go to the bank is very far, I'm sure if there is an urgent need, you will go that long way and head to the bank to collect money.

But if what you mean is when we hold a lot of cash then we become more wasteful then this does happen to some people. Because cash is very easy to use. so it's hard to refrain from using it. an effective way to stop this is simply to limit the cash we hold. namely only holding cash for the amount of the budget that has been calculated to meet only basic needs.