Economic problem, why is fiat difficult to hold.

[Porfirii]

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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.

Wow! you seem to be the kind of "man with a plan"

I personally don't think I need to do any of that, but it definitely seems a great system for those who have difficulties managing their cash flow or want to simply have more peace of mind, financially speaking. The OP seems to be that kind of person, so I hope your post doesn't go unnoticed.

Little tip: keep using cash and avoid cards as much as you can, as a simple habit in your daily life. Better to educate yourself to reduce your spending habits rather than to give away the data of your consumer behavior to who knows who because of such a childish excuse (because you can't resist the temptation otherwise? really?).

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[Pierre 2]

There are two sides of this coin (topic). One is clearly inflation that kills fiat money over time so you will always need more money to spend. I can also say that world is all about making you spend your money nowadays. Everyone and everything is trying to convince you to spend your money on unnecessary things. But if you stay tough, get more responsible you can spend far less. I think we should all focus on getting value out of money we are spending.

[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?

Even if you hold money without spending it, its value will decrease day by day because the prices of goods are constantly increasing rapidly which is devaluing the value of money. If you want to keep the value of money then you need to invest your money in a proper place. But in this case too there is risk so you can't be relaxed about anything you must constantly recharge the market.  And you have to acquire the ability to always keep up with the present

[Mame89]

It would be great for those who understand how to manage their expenses so that this will make it easier for them to make investments so that they can use the biggest money when they get old and can no longer do their jobs as they are now, nowadays many people can afford to work but very few can manage their spending so this will be very detrimental to themselves.

In my opinion, there are five mistakes in managing money, and they are difficult to hold, especially when stored in an ATM. Sometimes money is like time, if you don't manage it properly, it will just run out.

1. Don't carry feelings.
Money is just a number that can sometimes be - or +. Do not involve feelings in managing money. Because if we are in a + position and feel happy that is dangerous and can result in us wasting money for nothing. A flat feeling really helps you in calculating finances.

2. Not planning expenses.
"Failing to plan is planning to fail"
Planning is very important. Something big had to be planned.

3. Do not separate money.
Don't lump income together. When we work and have other businesses, the income must be separated and cannot be combined.

4. Not recording expenses.
All daily expenses must be recorded. Assume that the money you have is not your money, but the company's money. So you have to record every expense that you spend. And every month the total expenses must be calculated and adjusted for the following months. And the amount of expenses must be the same.

5. Not doing an evaluation.
The purpose of the four factors above is for evaluation. We can't possibly get all of that right in the first place. Therefore we need evaluation to make everything a habit.

[Franctoshi]

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 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 society is contributing to the high and many expenses making money not to stay or is it just a bad habit I have?

Money is like current as the name implies "Currency" It keeps moving from one hand to another,  and when you spend (wisely) it gives room for another one to enter. On the other hand, when there is money and price inflation together hitting the economy of a nation, it reduces the purchasing power of the money and makes you spend more, while the last one is to spend according to your income,  be able to differentiate between your needs and wants, with these you can cut unnecessary expenses and spend wisely.

[rojan]

Even if you hold money without spending it, its value will decrease day by day because the prices of goods are constantly increasing rapidly which is devaluing the value of money. If you want to keep the value of money then you need to invest your money in a proper place. But in this case too there is risk so you can't be relaxed about anything you must constantly recharge the market.  And you have to acquire the ability to always keep up with the present

Yes, from the rate at which the prices of all products are increasing day by day, we need to invest in the right place to maintain the value of our money. So that the value of our money is correct and it is better to invest thinking that there is some profit from the place where the investment is made.

[leonair]

Even if you hold money without spending it, its value will decrease day by day because the prices of goods are constantly increasing rapidly which is devaluing the value of money. If you want to keep the value of money then you need to invest your money in a proper place. But in this case too there is risk so you can't be relaxed about anything you must constantly recharge the market.  And you have to acquire the ability to always keep up with the present

Yes, from the rate at which the prices of all products are increasing day by day, we need to invest in the right place to maintain the value of our money. So that the value of our money is correct and it is better to invest thinking that there is some profit from the place where the investment is made.

In that case, if you keep money in the bank, you get 8-10% interest, on the other hand, there is a lot of risk in business.  Investing in crypto is also risky.  If you hold cash money, the value of the money decreases in this case also loss.  So it is imperative to learn risk management and have the ability to take risks. Holding cash not only reduces its value but also its unnecessary use weakens our finances. So I think investment is the only solution

[Bloodseekers]

Money is like current as the name implies "Currency" It keeps moving from one hand to another,  and when you spend (wisely) it gives room for another one to enter. On the other hand, when there is money and price inflation together hitting the economy of a nation, it reduces the purchasing power of the money and makes you spend more, while the last one is to spend according to your income,  be able to differentiate between your needs and wants, with these you can cut unnecessary expenses and spend wisely.

Distinguishing wants and needs as you said is a good strategy in dealing with inflation, I think in dealing with a situation like this we also need to look for additional income to maintain our financial condition so that it remains stable it is better if we invest so that our financial condition remains under control and choose place that you have control over the investment.