Economic problem, why is fiat difficult to hold.

[lienfaye]

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,

Money will not stay long if you're spending too much in things that are not really necessary. But if you know how to manage and budget your money for needs before wants then you can track where it is going and you'll not wonder why. Society and yourself have something to do on why it's difficult for you to hold fiat.

Therefore, to prevent yourself from spending, avoiding cash on hand, the use of atm cards and online banking might work. However it's not the real solution because you still need fiat to buy the essential things. You need to learn how to budget your finances and be aware of what you need to priority.

[rat03gopoh]

This is purely a bad habit, instead of looking for a strategy to keep money out of reach which I think is also a bad option for an emergency situation, I think changing the habit is better. Especially if the OP lives in a crowded center, this will be an extreme journey because just leaving the house will trigger extravagant desires.

I'm really not sure what you're talking,

What the OP means, s/he finds it difficult to save money, cut expenses that aren't needed.

[Poker Player]

Why is money at hand difficult to hold?... I blame myself a lot for spending so much and being irresponsible with money....

You answer yourself. You pose the problem in an objective way, as if it happened to all of us, to finally recognize that you are to blame. It is true that society encourages spending, but ultimately you are responsible for it, because it does not happen to me and many others.

Money will not stay long if you're spending too much in things that are not really necessary.

It looks like that what he does.

But if you know how to manage and budget your money for needs before wants then you can track where it is going and you'll not wonder why.

This is essential. If the OP wants to start spending less, the first thing he has to do is to make a budget, and try to get in the right mindset.

[Aanuoluwatofunmi]

Fiat is not a currency you could hodl down with you else you may find it annoying seing that it has depreciated in value, the major constraint is inflation and holding fiat will not give you thesame or equal value of same rate for buying commodities over time from the market because of the increase in price through the influence of inflation, this means there's nothing to gain by holding fiat than to loose rather.

[mindrust]

FIAT is a scam. Holding it will only make poor. Here in my country our local currency devalued against the dollar by 25% in a month. Everybody is buying whatever they can. Crypto, gold, stocks, used cars, toilet papers you name it. Anything is better than holding FIAT. USD will share the same fate too. Maybe not immediately but in the future for sure. There isn't one FIAT currency that lasted forever in history. They all die eventually. Some commodities like bitcoin and gold on the other hand, they don't die. They are timeless.

[Uruhara]

This is purely a bad habit, instead of looking for a strategy to keep money out of reach which I think is also a bad option for an emergency situation, I think changing the habit is better. Especially if the OP lives in a crowded center, this will be an extreme journey because just leaving the house will trigger extravagant desires.

Maybe it's true that everything has to start with changing wasteful habits to be more efficient. The method can be by having targets to be achieved which can be accomplished when raising money. Because without anything to achieve, humans tend to squander the money they hold. the second act is to have a foresight. Namely having an awareness of the importance of building financially from now on so that it will be better in the future. But to do all of this requires high financial management and discipline. and if one is not accustomed to discipline then all is in vain.

[bussybuddy]

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 problem comes from the OP personally, and is a problem for many of us, satisfying our needs in life and struggling with money issues. The question is, what do we work to meet and are we complying with what we think, I bet a lot of people will never know exactly what they know and want. I am also a person who is not too good at keeping money, when most of the money I earn, I spend it on various problems, but not entirely on personal expenses. But I find that money is always an external thing and we can either earn it or it controls us, so I also just see it as a tool that connects people and everything else in life, without it life will be more uncomfortable but when we see it as a tool for life, we are always satisfied and grateful for what we can do with money.

[irhact]

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 a problem that majority of individuals in the world have, it's not a good habit and it has to be stopped or it'll affect other parts of your life and make it impossible to be able to save and also leads you to making irresponsible investment choices because you want to get rid of the money out of your hand or account so you don't spend them on unnecessary things meanwhile you don't realize you're wasting your money on those investment.

Learn to be able to hold your money, most individual don't have a problem with making money but holding that more and securing their profits that's where they have an issue and some started as not been able to hold money without spending it but then realized it too late.

[retreat]

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's not the fiat that's hard to hold, but it's you who's having a hard time controlling your desire to be able to save money and not spend it on something that's not important. Until now, I personally still use fiat and internet banking and have not found any problems related to my spending. The point is how can I monitor my spending and still control the desire to spend on things that are not important dan that is the best way to avoid overspending.

[rachael9385]

What the OP means, s/he finds it difficult to save money, cut expenses that aren't needed.

Lol OP should limit his self from squandering money because we have to save money for no reason.

FIAT is a scam.

What do you mean by fiat is a acam? Are you aware that no matter how bad the government may be, they can never allow banknotes to be a scam because they also benefits from it, I can use my country as an attachment in these area gonna those days were some citizens uses fake  fiat note and if they are been hold by any means, they will be jailed, I strongly believe that how it is every were.

[Dimitri94]

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?

When someone regularly overspends beyond necessity, it is considered a bad habit. Some people think that if they have money, they have to spend it. There are some others who try to spend money as soon as it comes into hand. But those who have such habit should be aware. If the money has to be used after withdrawing from the bank, it may be a bit difficult or time consuming which will help to reduce the extra expense of the person to some extent. But it is best if the person can reduce his spending propensity on his own.

[xSkylarx]

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 both society and yourself; you are having fun scrolling through social media, right? That is also one of the triggers that makes you an impulsive buyer; you spend on unnecessary and expensive things, saying that you are gifting yourself. That is why I've noticed it also in myself: when I see a new restaurant open, I go there to eat, which is sometimes not bad, but there are times that even if you are short on money, you can't control yourself from going there. Also, I've already restricted my fund transfers in my account to prevent buying online. All of this is still about our selves; we don't have control over things. One of the tips that I can give you is that if you are really urging yourself into something to buy, wait for 2 or 3 days if you still want it to be bought. Like, if I see a new release phone that is also budget priced and I am very eager to buy it as I've been watching videos of it and getting feedback, but if I really hold myself back and wait for 2 to 3 days, then I don't want it anymore because I needed to use the money for something else. Try to practice it.

[mindrust]

What do you mean by fiat is a acam? Are you aware that no matter how bad the government may be, they can never allow banknotes to be a scam because they also benefits from it, I can use my country as an attachment in these area gonna those days were some citizens uses fake  fiat note and if they are been hold by any means, they will be jailed, I strongly believe that how it is every were.

Which part of what I said you didn't understand? It is a scam. USD lost 99% its purchasing power since I don't know when. Whoever held USD for a long time lost money. (which is purchasing power) The central banks print FIAT out of thin air. Can you print goods and services? No. Then why do they print FIAT without anything to back it up? That's the definition of a scam. It is a wealth transfer. The rich gets richer and the poor gets poorer. Hopefully you understand it now.

[tjtonmoy]

Best solution is finding a right investment plan. I used to do the same. Money in hand will fly away like a rocket. And it's a habit. If you want to control it, you will need long time and a plan. But if you invest it, you will grow your money instead of spending on things like you do right now. Also, you can save your money to something. When there's a target to fill, your mind will tell you not to spend money on things that you don't need, and also it will always remind you of your target. So you will avoid doing extra spend.
Make up your mind and work for that target. It will increase your focus and will help you to save in the long run. Spread your spending, make a plan. Here's what I do in order to save. I divide my income into 2 parts. 75% and 25%. I will put that 75% into a saving account. That could be used for savings or investment. But that will be always put to saving account that I won't touch. The other 25% I use in order to cover my expenses and what I wish to buy. You can also give that money to your family member for to hold. Give them the account, but you keep the access. So it is safe in their hand and you can use the rest. If you like this idea, you can try it out, or you can make one of your own based on your need. Always try to push your limits.

[bluebit25]

we don't have the same view on saving money and spending, apart from everyday problems in life and preparing for the future I see making money and keeping them is not the same for everyone, we can living in the same earth house, but each person's life is different. As in the past, I also have extravagant spending behaviors, but there is a period when I see more than poor people who can't even provide for their own food and shelter, I have a strict look at myself to avoid waste fee. Money associated with life they help a lot, but I also don't silence the question that I have to be really rich, as long as life feels satisfied with what you have, missing a meal will not cause you to die. Come on, it's okay if the sleeping place is dirty, so if you can, take a look back and help those around you or improve your own life and don't be too luxurious. The principle of wealth is to give, and do not think you will receive, because it is a fairness that you help without thinking that someone else will help you.

[Alpha Marine]

Inflation is eating deep into everything, increasing the cost of living. It's very difficult to have money and that money is enough for what you have in mind because the price of everything is now increasing.
It's very difficult to have money and not spend it on things that will give you comfort or spend it on things in general. When there is money you always want to solve your problem. Funny enough, the problems are never finished. So it turns out there is always a problem to solve when there is money.

Saving money requires a lot of discipline. If you can't keep it yourself, you should keep it in an account where you won't be able to use it for the time period. Usually, those savings should be for the short term because with the high rate of inflation, saving in fiat money for a long time only ends in a loss because inflation will eat that into that savings too.

[TheUltraElite]

The problem with money at hand is that it ends up being spent very quickly. This happens to everyone out there. You can start avoiding this by keeping recurring deposit where you exhaust your monthly income into in order to avoid it from getting spent.
Keep a limited amount of money at hand for possible expenses which you can derive from last few months expenses.

As soon as you see that your total volume of money at hand has reduced you yourself would cut down on unnecessary stuff - it's a psychological thing and it works to prevent over spending. You need to get that cash away from hand as soon as the monthly salary comes in.

Once those deposits mature you will be surprised at to how much you actually accumulated over time.

[superman184]

In my opinion, it is a combination of both societal influence and personal choice when it comes to spending money and determining the level of luxury in one's lifestyle. However, nowadays, inflation may be a factor contributing to the need to spend extra money. Additionally, it can also depend on the economic condition of one's country.

The influence of dependence on the country's economic conditions will not be too much for every citizen as long as they can still work in a place that can provide them with money. However, the difficulty that is often faced by every citizen is at their own level of luxury and lifestyle and when they start spending money without consideration for saving.

Even though there are conditions where they are forced to spend money excessively or unusually, I think they won't be forced to do this forever if they still want to find ways to stay frugal in their lives. Because it can save him a little from the difficulties that occur during this inflation.

[judaspriest]

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?

When someone regularly overspends beyond necessity, it is considered a bad habit. Some people think that if they have money, they have to spend it. There are some others who try to spend money as soon as it comes into hand. But those who have such habit should be aware. If the money has to be used after withdrawing from the bank, it may be a bit difficult or time consuming which will help to reduce the extra expense of the person to some extent. But it is best if the person can reduce his spending propensity on his own.

Expenses that are not too important need to be limited gradually because that is what is more feasible,
better switch to saving and that's better to prepare for the future,
they should be able to sort it out on their own.

[KiaKia]

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 guess the same thing happens to everyone, I found myself spending more money when I have some money in my bank account, and I found myself spending less when I have no money in the bank.

I always end up planning everything out myself for the week so that I can safe some money, this is why I don't like keeping local currency, I only change stable coin into Fiat if the needs can't be avoided.

Another reason is the inflation, you keep money in the bank, it starts losing value after, I am now used to keeping most of my money in BTC and stablecoins.