Economic problem, why is fiat difficult to hold.

[Inwestour]

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.

The real problem is to make the money work. Earning and saving at least something does not seem too difficult and almost everyone can do it if they wish, but further actions with money cause difficulties. Often, the saved capital is too small for serious investments, and even more so in order to distribute it in different directions.

In addition, the fear of losing everything stops them from doing anything, or people decide to give money to the bank for a deposit, which is also not much better than just keep fiat, since inflation will eat up the purchasing power of money.

We are not taught how to handle money, if you learn it yourself, then you will have a chance to achieve something in this life, if not, then even those small fiat savings that you can save will lose their value.

[Kakmakr]

The thing is.... people are bombarded with advertising to buy goods and to pay for services... every day. You watch television and they show advertisements of fast food franchises and people quickly hop onto their phones and order food through a App.

Credit cards and Debit cards were created to remove people from physically touching and seeing the Fiat money that they are spending. (You do not see the money going out of your physical wallet, so you spend it without thinking about it) 

[Rockstarguy]

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 really understand what you're talking about,  sometimes it is not as if the money we spend on our daily expenses is a waste. it is something that is needed that is why we spend to get them. And the price of everything is on the high side and if account should be taken on what we have spent money on, you will notice you didn't just spend money unnecessary but money was spent in getting the necessary things.  I think it is how expensive things how in the society that makes it look as if money I spend unnecessarily, the present state of the economy,  it is so very difficult to save money because everything you spend with money is on the high side compare to before.

The main reason why people find it so difficult to save money is because they can't provide the basic things they need, so it will be difficult to save money when there are things that is needed to be done with money. But at least if one earns a good amount of money that can cater for the daily demand I don't see any reason why it will be difficult for one to save money. Their is no value in fiat, and when it does not flow  in larger amounts it is hard  to save it.

[Jawhead999]

Why you blame yourself if you're the one who want to spend it and you happy when you buy it? remember, you only live once

I'm not entirely disagree with those kind of people because they used to live paycheck to paycheck, as long as they not borrow money for unnecessary thing and they not leave anything bad to their friends or family, it's completely fine.

Not all people want to be rich and not all people can become rich.

[Unbunplease]

The real problem is to make the money work. Earning and saving at least something does not seem too difficult and almost everyone can do it if they wish, but further actions with money cause difficulties. Often, the saved capital is too small for serious investments, and even more so in order to distribute it in different directions.

In addition, the fear of losing everything stops them from doing anything, or people decide to give money to the bank for a deposit, which is also not much better than just keep fiat, since inflation will eat up the purchasing power of money.

We are not taught how to handle money, if you learn it yourself, then you will have a chance to achieve something in this life, if not, then even those small fiat savings that you can save will lose their value.

I agree with you. These days you have to think about how to make money work. Otherwise inflation will devalue your capital. The problem is that there are fewer and fewer good ways to invest money safely. There are risks and restrictions everywhere.

[Lorence.xD]

The real problem is to make the money work. Earning and saving at least something does not seem too difficult and almost everyone can do it if they wish, but further actions with money cause difficulties. Often, the saved capital is too small for serious investments, and even more so in order to distribute it in different directions.

In addition, the fear of losing everything stops them from doing anything, or people decide to give money to the bank for a deposit, which is also not much better than just keep fiat, since inflation will eat up the purchasing power of money.

We are not taught how to handle money, if you learn it yourself, then you will have a chance to achieve something in this life, if not, then even those small fiat savings that you can save will lose their value.

I agree with you. These days you have to think about how to make money work. Otherwise inflation will devalue your capital. The problem is that there are fewer and fewer good ways to invest money safely. There are risks and restrictions everywhere.

Holding or saving money is actually good especially in a case of emergency, but of course in investing there's always a risk involved if you don't take that risk your money will remain the same which couldn't be good when inflation hits. If you don't make your money work for you then there's nothing wrong about that, still having a passive income is much better. We don't need to be scared to risk our money if we already have the knowledge how to make our money work for us. Just do your own research and if you already build up your decision then good luck it's a win and win situation since you could gather experiences from your losses.

[MFahad]

In my opinion those individuals who have responsibility of family and have to fulfil the needs of a family never spend money without planning. A responsible man always control expenses but those individuals who don't have any responsibility cannot control expenses and spend lots of money in useless activities.

Everyone wants a luxurious life but it depends on a person's situations that whether he can afford it or cannot maintain a better life. I will suggest that minimize your expenses so it will be easy for you to maintain a successful life otherwise your future will be stressful as one who don't plan when he is wealthy so he regret when the time passed.

[BitcoinTurk]

In the last two years inflation has occurred in many countries due to economic conditions and an increase in our expenses has been observed due to this inflation. However, this increase has not been reflected in the salaries of citizens in many countries and therefore it has become very difficult to save money. On the other hand, when I controlled my own expenses especially in the last few months I observed a significant increase in expenses. In other words, it's almost like breathing has become a spend of money. Unfortunately, when the situation is like this we have to make extra expenses by going out of the plan and spending schedule and as a result we go out of our planned target. To make a comparison with myself, it would be possible to state that this situation mentioned by the OP is not unique to him/her and that many people now have to live in this way.

[Uruhara]

In the last two years inflation has occurred in many countries due to economic conditions and an increase in our expenses has been observed due to this inflation. However, this increase has not been reflected in the salaries of citizens in many countries and therefore it has become very difficult to save money. On the other hand, when I controlled my own expenses especially in the last few months I observed a significant increase in expenses. In other words, it's almost like breathing has become a spend of money. Unfortunately, when the situation is like this we have to make extra expenses by going out of the plan and spending schedule and as a result we go out of our planned target. To make a comparison with myself, it would be possible to state that this situation mentioned by the OP is not unique to him/her and that many people now have to live in this way.

the same condition may also be experienced by others. because basically inflation which makes the prices of basic necessities soar high will of course also force everyone to spend or use more money to meet their daily needs. So that some people find it difficult to stay thrifty. and they become more wasteful because they are pushed by the soaring prices of necessities. Prolonged inflation will also make people's economic power decrease which will trigger a recession which is also currently being experienced by several countries.

[so98nn]

Invest is the key for this. It’s not just you but many of us find it very difficult to manage the money. In the westerns all the kids are taught about money management lessons since school time. Now there are also some areas which are still away from this. And no question about the easterns because there is no such concept. However in both spheres one thing is common, money always run out of the hands. Lolz. The only way we can do this is by investing money into physical or digital assets. If you want stronger hold then just go for the physical assets. They are hard to sell quickly. For example, real estate. One of the booming business and high appreciation all the time. It can make you good portfolio as well as achieve your savings goal as well.

[Uruhara]

Invest is the key for this. It’s not just you but many of us find it very difficult to manage the money. In the westerns all the kids are taught about money management lessons since school time. Now there are also some areas which are still away from this. And no question about the easterns because there is no such concept. However in both spheres one thing is common, money always run out of the hands. Lolz. The only way we can do this is by investing money into physical or digital assets. If you want stronger hold then just go for the physical assets. They are hard to sell quickly. For example, real estate. One of the booming business and high appreciation all the time. It can make you good portfolio as well as achieve your savings goal as well.

Investment can indeed be a solution for those who are able to set aside money to channel it into the desired investment. But the problem is that the people who even have trouble holding fiat are the ones who sometimes have a hard time keeping money in their hands. So they find it difficult to save and invest. Inflation and the minimum amount of income are also important things to watch out for. so the solution may be to first increase your income and start investing.

[Kelvinid]

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, ...

Money is created to spend, not to keep. If that money is in your hands now, it is certainly be gone after a few hours because it was designed to be like that. In fact, if you would imagine if all people are holding their money, how they would survive without spending? We hold money and save it but it doesn't mean that we don't have to spend it anymore. In fact, rich people don't hold money, they use it to multiply and make more money, that is exactly how it works.

[Fortify]

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 used to be just like this when I was younger and it's basically being reckless with money. It's fine as long as you steadily expand your financial knowledge as you go through life, to the point where you will find it attractive to make investments that you won't touch. It's easy to burn through money and that is what most people are comfortable with doing, however the really smart ones start putting their money to work and have it earn more money - they are playing the long game. There is the dilemma though, that costs are rising all around us but in many cases our income stays fairly static. This can be problematic when it reaches the point where your core & basic expenses exceed your inbound money, that's much harder to change.

[bestcoins1]

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.

Under any circumstances, everyone should be able to save money and limit non-essential expenses if they still want to live a more secure life without being troubled by the difficulties that can always come to everyone who still seems wasteful in their own lives. I think there's nothing wrong if that kind of choice is for the good of ourselves because limiting expenses in order to be able to save are the characteristics of successful people who have the target to grow in any situation.

[alastantiger]

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?

Don't you get it already? The plan is to take away money you have so that you keep working and working for the rest of your life to accumulate more to spend and purchase things that you feel will make your life better or make you happy when in fact happiness is not found in things or in objects. Idealistically, we do not own any more, any money we have is some else' just waiting for it to be spent either compulsively like we have in the world today or based on a budget which is the more difficult thing to do.

[Sarah Azhari]

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?

In my opinion, maybe it will be a solution for the long term if he can be an economical person. nowadays is hard to do not to spend your money, because in out there you can find an interesting thing which you don't need that, but you have to buy it. For example, on social media like tik tok, when you are resting and scrolling tik tok, you can find ads that interest you to click on the yellow basket, even that things you don't need it, but you are like hypnotized to spend your cash to buy it.

Maybe this is economic growth for the country, but if income is not suitable with output, will make them bankrupt because it's too consumptive.

[lixer]

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?

Does that have anything to do with increasing inflation in the world? I though about that for a second, and it probably seems to have at least some influence over the issue of money being spent more than usual, we remember when we used to be kids, a little used to be a lot for us, the reason for that was definitely because there was no high inflation and quality things were available at cheap rates which isn't the case anymore.

You can't buy something that has a good quality with a reasonable price these days, you will either need to compromise or quality or spend more money than you want to only to get products that have good quality, that is how the world has become due to inflation.

[Swordsoffreedom]

Why you blame yourself if you're the one who want to spend it and you happy when you buy it? remember, you only live once

I'm not entirely disagree with those kind of people because they used to live paycheck to paycheck, as long as they not borrow money for unnecessary thing and they not leave anything bad to their friends or family, it's completely fine.

Not all people want to be rich and not all people can become rich.

Extravagant spending is not recommended because we don't know what will happen in the future, so it is also necessary to have provisions for emergencies. But not so that we save too much to harm ourselves, don't forget that we try to work and earn a lot of money to have a better life. So no bad feelings or regrets about spending for yourself, I like your point. As long as we don't bother anyone and the spending is within our financial means, we should spend on our needs. Don't be too frugal with yourself because we only live once.

[adzino]

By hold if you mean why can't we "hold" it like bitcoin, it is because of inflation. The value of fiat money depreciates overtime. If you keeping holding your fiat money, after few years, your money will worth less. You would be spending more money to buy the same amount of stuffs that you could have bought few months ago. Hence, it is difficult to hold fiat currency. Better to invest it somewhere to beat the inflation. But by holding I am guessing you mean keep it with you and "not" spend it. Like how people hold bitcoin. More like be avoid yourself from  making unnecessary spending. Well, that is totally a different thing and its a "personal" thing. Depends more on your spending habit. You need to change that to hold your fiat.

[Uruhara]

Talking about money is never ending. There are just needs that come to coincide when what we have tried reaps from the work. Saving work-produced funds, for example, salary either in the bank or at home depends on each individual, for sure it will be taken and used again.

As for the statement whether to contribute, if you look at it it really contributes to the market and business people, it means that our money is born from the circulation of trade and money. try to see the velocity of money in the market during payday moments and holidays, for example at the beginning of the month and holidays.

well, the velocity of money on holidays and payday is much faster and much higher. at that time people used money for pleasure and self-indulgence. And that's normal. but if excessive in spending money then that is what should be avoided.

Unexpected needs are usually what always make it difficult for someone to save. Sometimes money that has been budgeted for savings will end up being spent or used for these unexpected needs. so there are indeed some conditions that make it difficult for someone to hold a fiat in their hands. Apart from the temptation to shop, sometimes unexpected needs are also another cause.