Economic problem, why is fiat difficult to hold.

[Negotiation]

The worst thing is to waste. Saving will never be difficult if you spend according to your income. In today's era, people want to live a more luxurious life, they buy unnecessary things without thinking about anything, which adds to their financial problems. If you have a little more income then you can spend a little more if needed, you can also save it if you want. Bad habits will be eliminated and it will be easier to save for the future. The danger is actually being financially sound. Achieving goals is easy if you learn to recognize which expenses are your ambitions and which are your necessities.

[Uruhara]

The worst thing is to waste. Saving will never be difficult if you spend according to your income. In today's era, people want to live a more luxurious life, they buy unnecessary things without thinking about anything, which adds to their financial problems. If you have a little more income then you can spend a little more if needed, you can also save it if you want. Bad habits will be eliminated and it will be easier to save for the future. The danger is actually being financially sound. Achieving goals is easy if you learn to recognize which expenses are your ambitions and which are your necessities.

Exactly right. We must first identify which are the main needs and which are additional needs that are not too important. After knowing all that, we must have the awareness that it is important to have mature financial preparations for the future. So that we will start to get used to managing finances well. and get used to living frugal and healthy.

[Sayeds56]

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?

Indeed, it is very challenging for many individuals to mange money effectively, you are not alone who is facing this issue. There are many personnel habits and societal influences, can make it difficult to hold on to money, such as, impulsive buying, lack of budgeting and emergencies. Despite all these issues, it is never too late start improving your finances by making monthly budget, setting saving goals, creating financial plan and implementing them wholeheartedly, you can work towards a healthier financial future.

[Wend]

The worst thing is to waste. Saving will never be difficult if you spend according to your income. In today's era, people want to live a more luxurious life, they buy unnecessary things without thinking about anything, which adds to their financial problems. If you have a little more income then you can spend a little more if needed, you can also save it if you want. Bad habits will be eliminated and it will be easier to save for the future. The danger is actually being financially sound. Achieving goals is easy if you learn to recognize which expenses are your ambitions and which are your necessities.

Exactly right. We must first identify which are the main needs and which are additional needs that are not too important. After knowing all that, we must have the awareness that it is important to have mature financial preparations for the future. So that we will start to get used to managing finances well. and get used to living frugal and healthy.

It is easy to say, but to complete the set plan, not everyone can do it. It can be said that money management is an extremely difficult thing, especially for people with family and outside relationships. I always make a spending plan at the beginning of the month, but very rarely do I execute my plan because in life there will always be surprises that we don't anticipate. I think it's easier for people who are unmarried or live alone.

[Litzki1990]

When you have cash, it gets spent even if you don't want to, so many people keep a very small amount of cash to avoid unnecessary spending, but I think this is never a long-term solution. If you keep money in the bank, money is withdrawn from that bank and spent, so keeping money in the bank is not a solution for spending less money. Some of the points we must find out are where we are spending more of our cash when we have it. Identify the places where more money is being spent and then try to spend less money in those places. If you can't calculate yourself, then you will spend money from wherever you keep it, so you have to change yourself first.

[Fara Chan]

It is easy to say, but to complete the set plan, not everyone can do it. It can be said that money management is an extremely difficult thing, especially for people with family and outside relationships. I always make a spending plan at the beginning of the month, but very rarely do I execute my plan because in life there will always be surprises that we don't anticipate. I think it's easier for people who are unmarried or live alone.

It seems that there are important points that I have to apply in my future life where previously I had never made an expense plan at the beginning of the month like you said. And after I thought about it, it seems that I also need to try that to see how the difference will arise in my life because previously I prioritized financial planning at the end of the month or before entering the next month. I thought the difference and taste wouldn't be that significant, but I needed to try it out to find new things that might be a little different than what I'm used to.

Unmarried people will always find it easier to make and change their plans when they are anywhere as long as they can more easily adjust to their surroundings. But they can also run into difficulties if they still harbor feelings of grievance at others when they don't find significant results after struggling in their own way. However, for those who are married and live in someone else's environment, of course it will not be easy for them to complete and carry out the plan as they set themselves because there are obstacles such as unexpected things that sometimes need to be anticipated more quickly in their lives.

[hyudien]

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?

As long as we don't have a budget of funds from various sources, the money that is held will definitely be needed or spent. In my opinion, we are basically talking about urgent or not urgent needs, if as long as the income is from one source, there is no other choice but the money that you hold. Then try to evaluate your expenses that have been spent, because seeing your shopping activities include people who are wasteful, too much to buy something that can still be replaced with cheaper options, or you live in an environment of people who like to show off, not used to living with simple things. This type of lifestyle of people will always demand more of themselves than other people, not wanting to be rivaled either in defense of goods or ownership.

[Joshapat]

Economic threats in the future are getting more difficult, inflation that keeps happening doesn't seem to have the best solution, of course we have to be smart if we have a lot of money then use it to invest in products that are easy to sell like gold, silver, and crypto of course we can make an alternative investment because of the potential very high profits.

[Strongkored]

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?

Because the transactions that we generally do are using FIAT, so it is very possible for us to spend it when the money is already in our hands because I also experienced this, especially if we are in an urban area where access to shops or areas where we can spend money is very easy to reach, so it will becomes a big obstacle for us to be able to hold fiat, sometimes listening to financial planners giving advice by making allocations and being disciplined in implementing it but it's also not easy because many things can make us end up spending the money we have withdrawn from ATMs.
Will saving it at an ATM save us from being over budget? not really because transactions can also be done online, so this is indeed a constraint, which is why to only save fiat as needed, and it looks like turning our fiat into Bitcoin will save us from spending more than we should, but this is not a suggestion, just something I'm slowly doing so as not to always spend money.

[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?

It's a bit of a dumb message, because 95%+ of the world are still transacting with fiat cash and electronic payment methods every single day. It sounds like you have a personal finance problem that you are projecting on to others, when a little bit of financial education could answer many of your questions. Taking steps like budgeting for the future and moving money into savings accounts are simple steps that the average person can take to benefit long term. We're now seeing savings rates at some banks paying 6%+ which was unthinkable a couple years ago in the era of 1% central bank interest rates. Many people are happy with fiat currency and will continue to use it for a long time simply because it is most convenient, plus backed by governments.

[Pejoh Asu]

The economic conditions in my country are also difficult, the country owes a lot to the USA, Europe, China, Japan and so on for infrastructure costs, agriculture and others, this has made almost all subsidies removed so that it makes life's burden even heavier and more difficult, cash is also increasingly difficult to hold because almost all the necessities of life go up.

[Wimex]

I think it's a story that can indeed inspire anyone who is currently struggling to be able to have a better job and be able to have a better income. In El Salvador there are indeed more and more stories about the lives of its citizens who are getting better after the adoption of bitcoin. because the government there is also quite active in providing literacy related to bitcoin. residents who want to learn bitcoin, of course, have provided a special school there. And it helps the growth of bitcoin adoption among the people there improve.

And it's true that currently learning everything related to digitalization is something that can be expected to help someone's economy. whether it's about digital payments or opening a digital or online-based business. the point is people have to start adapting to all things that lead to today's digital world. Economic growth in the digital arena is growing rapidly. even the government is also focusing on digitizing their government programs for the good of its citizens. included in finance.

El Salvador even has programs that will allow the best students to get jobs in prestigious companies after training, but what I like most about El Salvador is that the population has the opportunity to store their savings not in fiat but in bitcoin.

This is an advantage when you know that bitcoin is officially supported by the state, and the state contributes to the education of the population, those who wish it. So although Salvadorans can also keep their savings in the US dollar, which is also pretty good at dealing with inflation, but bitcoin can give something more, it can also be a great investment.

If this were applied in various parts of the world, I believe that society would no longer be the same, the lower classes would change their way of life in a favorable way, here is the importance of a futuristic government, which can see the opportunity in technology and With it, change the economic conditions of its citizens and of course that they care about making that a reality and not just stealing from the people as many do. What El Salvador is implementing is something that should be taught in schools around the world, knowing how to manage your money, how to save and invest for the future, is something that should be instilled in people from childhood in order to avoid the situation Many live with low resources, of course, sometimes it is not because they do not know how to manage their money, it is the circumstances that do not allow them, such as low income, but if these individuals are paid a considerable amount and control themselves the prices of basic necessities, everything would flow much better.

[Kiefer-Lenz]

Fiat currency is hard to hold because of inflation, depreciations, and counterparty risk.

[Rockstarguy]

When you have cash, it gets spent even if you don't want to, so many people keep a very small amount of cash to avoid unnecessary spending, but I think this is never a long-term solution. If you keep money in the bank, money is withdrawn from that bank and spent, so keeping money in the bank is not a solution for spending less money. Some of the points we must find out are where we are spending more of our cash when we have it. Identify the places where more money is being spent and then try to spend less money in those places. If you can't calculate yourself, then you will spend money from wherever you keep it, so you have to change yourself first.

I think the reason why we spend money unnecessary is because we do not have any idea how to grow the little money we have, what to do it that will bring more money. This is the challenge most people face, they spend money on things that are not important because they do not know and have any good plan to do with money that is why money is being lavish. If the mind can be build to always know important things money can be done with it will yield more money, but if one have no idea how to invest money no matter the amount of money that have been saved it can may end up in spent on unnecessary things.

[19Nov16]

Fiat currency is hard to hold because of inflation, depreciations, and counterparty risk.

Inflation is the biggest problem that makes it difficult for anyone to hold fiat, especially the threat that the value of Fiat will continue to decline because of many factors, especially inflation, to be able to rise and survive then we must be creative and can place money in many places.

[gunhell16]

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?

That depends on you, because if you are the type of person who spends money, fiat won't really last long, especially if the resource you get is only enough for one month that you can use for your expenses.,

But if you know how to manage fiat correctly, it is also for sure that you can hold fiat, I mean you can keep fiat either in your bank account or somewhere in the secret box moor vault. You're the only thing I can think of about what you're saying dude.

[Bushdark]

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?

Maybe you have to try and convert your fiat money to cryptocurrency do that it won't be too easy for you to spend your money since it's not in fiat mesns that can be too easy to spend. Thingsvare very expensive these days that is why holding money does not last like before again. Before when you hold small amount like $50, you can buy so many things with it but now, things are very expensive and you will have to work for more befotr you can buy those things you used to buy with little funds. Things are not going to be easier because of government policies and inflation.

[bayu7adi]

From a long-term perspective, the evident consequence is inflation. However, from a short-term viewpoint, emotions often take the reins. Each person experiences a sense of tranquility when they have abundant funds, and guiltlessly indulges in spending a little for enjoyment. Unbeknownst to them, these moments of delight accumulate into significant expenses. It is from this point that the origins of emotions influence financial conditions that are seemingly elusive to trace.

The lack of discipline when it comes to handling money is a prevalent mistake, and I myself have been prone to acting recklessly in this regard. It would be beneficial for you to gradually transform such habits. Exercising utmost restraint is crucial, even when it involves spending just a single rupee or cent on something seemingly inconsequential.

In essence, acknowledging the emotional aspect of financial decisions and cultivating self-discipline can pave the way for a secure financial future.

[romero121]

Overtime the situation is getting worse and not getting better with time. It is known around the world that inflation had hit hard and there is need of additional sources to meet up the daily needs and have better savings. In such situation what is happening around is the layoffs and I job cuts which will make the common man suffer much.

It all depends on the individual as well as the corporate network, because to the rising inflation there should be compensation in the salary package. When this isn't availed people look for the better opportunity to make life better with the minimum resource available. This is why it is difficult to hold fiat against cryptocurrencies.

[Uruhara]

Overtime the situation is getting worse and not getting better with time. It is known around the world that inflation had hit hard and there is need of additional sources to meet up the daily needs and have better savings. In such situation what is happening around is the layoffs and I job cuts which will make the common man suffer much.

It all depends on the individual as well as the corporate network, because to the rising inflation there should be compensation in the salary package. When this isn't availed people look for the better opportunity to make life better with the minimum resource available. This is why it is difficult to hold fiat against cryptocurrencies.

One of the triggers for the increasing difficulty withholding fiat may indeed be the result of continuing inflation. In fact, I personally feel that inflation is actually still increasing even when the government announces that the reduction in inflation has occurred. Because what happens in the field is the price continues to gradually rise slowly and never decline again.

The amount of salary we receive remains the same but its value continues to be squeezed out by inflation. So of course the only way we can do is to work overtime or do a side job. Additional income is quite effective in balancing our needs and we become a little able to overcome the effects of inflation. But still at this time we seem to be more wasteful. Even though the needs we buy are actually still the same. It's just that currently the money we spend is indeed more than in previous years due to the increase in the price of goods that has occurred.