The value of money is in spending it.

[Ever-young]

Having money is good, it brings a differently compared with those that don’t have money. But I think there’s no difference between those the people that have money and lock it away in the bank, and those that don’t have money. A money lock away in a safe, without plans of making use of it, is of no value to you.
Those that spend the little they earned on things they need are actually the ones deriving the value of money. It is better you don’t have money than have money don’t use, that are sitting idle in the bank for years without being used.

What is your take on this?

“The value of money is in spending it.” Very correct!
I’m yet to be convinced to keep my money stocked in a place (bank) where it generates nothing but losses value as days goes by.

But I cannot I agree with the idea that an average individual emphasis on average, has money stocked in the bank  without any plans of using them. This could be the means of saving that they are knowledgeable about, soo they stick to it long enough to reach their target for the purpose they want to utilize it for.

I also don’t agree that the person that has nothing is same as who has enough stocked in the bank. I believe while they have this money in the bank, they are still surviving on daily bases which means that they are also spending and at same time saving.

The bank use to be a place before I knew bitcoin and now the place feels like absolute disaster. But there are people who don’t know about bitcoin but have u
Investment plans and as such saving for it, so they ain’t same with who has nothing.

They just need proper awareness.

[2Pizza410000BTC]

Having money is good, it brings a differently compared with those that don’t have money. But I think there’s no difference between those the people that have money and lock it away in the bank, and those that don’t have money. A money lock away in a safe, without plans of making use of it, is of no value to you.
Those that spend the little they earned on things they need are actually the ones deriving the value of money. It is better you don’t have money than have money don’t use, that are sitting idle in the bank for years without being used.

What is your take on this?

Having money is valuable whether you use it or not. You have money in your bank or you have a box full of money but you are not using it for any purpose. Maybe many people do not consider this money important, especially the OP does not consider this money very important, but I think that if a person has money, whether it is in the box or in the bank, whether he uses that money in any way or not, I definitely think that his money has value because he can use his money in any way he wants, but the one who does not have any money cannot provide money in an instant if he wants because he really does not have any money, so having money is the most important thing whether it is used or not.

[Nwadiche]

Having money is good, it brings a differently compared with those that don’t have money. But I think there’s no difference between those the people that have money and lock it away in the bank, and those that don’t have money. A money lock away in a safe, without plans of making use of it, is of no value to you.
Those that spend the little they earned on things they need are actually the ones deriving the value of money. It is better you don’t have money than have money don’t use, that are sitting idle in the bank for years without being used.

What is your take on this?

I understand that money is meant  for spending, but i think you got it all wrong by saying that those who locked their money in the bank are the same with people that doesn't have money. There's much different between both of them, there people who locked their money in feast deposit which by every month end there'll be an interesting added on it and before they locked their money they already have other means of surviving even when there's emergency they'll still cope with it. The only thing you can say is that if they invest the money in other business there'll be more profits than the profit they make from banks, who has money in bank still have hope than those that don’t have.

[PERtua]

Having money is good, it brings a differently compared with those that don’t have money. But I think there’s no difference between those the people that have money and lock it away in the bank, and those that don’t have money. A money lock away in a safe, without plans of making use of it, is of no value to you.
Those that spend the little they earned on things they need are actually the ones deriving the value of money. It is better you don’t have money than have money don’t use, that are sitting idle in the bank for years without being used.

What is your take on this?

Having money is valuable whether you use it or not. You have money in your bank or you have a box full of money but you are not using it for any purpose. Maybe many people do not consider this money important, especially the OP does not consider this money very important, but I think that if a person has money, whether it is in the box or in the bank, whether he uses that money in any way or not, I definitely think that his money has value because he can use his money in any way he wants, but the one who does not have any money cannot provide money in an instant if he wants because he really does not have any money, so having money is the most important thing whether it is used or not.

I agree money is important. It can be in your hand or in the bank. But I'm not sure that money which remains idle is truly of no value. Saving can help you to be financially secure and to be able to deal with unexpected events or opportunities in the future. The true value of money isn't only how much you can spend but also when to spend. When to save and where to invest. It's possible to end up in trouble later in life by spending all of your money just to enjoy. It in the moment or by saving all of your money without enjoying yourself in the process. What's important is a healthy balance of spending and saving.

[Die_empty]

What is your take on this?

Having money is valuable whether you use it or not. You have money in your bank or you have a box full of money but you are not using it for any purpose. Maybe many people do not consider this money important, especially the OP does not consider this money very important, but I think that if a person has money, whether it is in the box or in the bank, whether he uses that money in any way or not, I definitely think that his money has value because he can use his money in any way he wants, but the one who does not have any money cannot provide money in an instant if he wants because he really does not have any money, so having money is the most important thing whether it is used or not.

Money can be a defense. Some people keep large sums in the bank for emergencies. In times of uncertainty, liquidity is essential.

Some businesses or individuals leave money in the bank to boost their chances of accessing credit or loan facilities.

Nevertheless, keeping large sums idle in the bank is not good. In a country like mine, where the value of money drops drastically, you might end up losing out. Investing in assets that serve as a shield against inflation is better.

[Nicho-brown]

When they say "the value of money is in spending it" I will kindly submit that no matter how much you have as a billionaire or trillionaire, it depends how valuable or good you use it. As one of the greatest books authors wrote and said, "money hard to get but easy to spend" you know, many people mistake this statement for a common statement. If you have all the money and u don't have nothing to show up, then there is no value in your capital-base. Like my father could say, "money is a poster" meaning, if you have money, build houses, invest in business, help people and do more things for people to see. So that it won't just fade away just one morning.

[BitcoinLitingNetwork]

The utility of money depends on the extent to which it makes human life easier or more pleasant. If a person having earned money through hard painstaking labor fails to use it to meet the basic needs of themselves and their family or to support constructive endeavors for the future then those accumulated funds hold no real value beyond the mere psychological satisfaction of having saved them. While it is true that money should not be left to lie idle, it is equally essential to set aside some funds as savings or an emergency reserve to navigate the uncertainties of the future. This is not merely about locking money away rather it serves as a form of psychological and financial security.

[henmark]

Having money is good, it brings a differently compared with those that don’t have money. But I think there’s no difference between those the people that have money and lock it away in the bank, and those that don’t have money. A money lock away in a safe, without plans of making use of it, is of no value to you.
Those that spend the little they earned on things they need are actually the ones deriving the value of money. It is better you don’t have money than have money don’t use, that are sitting idle in the bank for years without being used.

There can be multiple interpretations of this. Money kept in a bank or somewhere safe doesn't always need to be spent, especially if it is for savings or emergency funds, because someone who earns a little and spends it on necessities won't have any way to deal with an emergency situations requiring finances, whereas someone who has funds kept in a bank or in a safe won't have any problems in any situation they face because their money finally becomes useful and meaningful. This is why, we need to specifically mention what type of money we are talking about here.

Someone who has savings and emergency funds separately, but are still keeping any extra funds idle are making the mistake, because if savings are taken care of, and so is emergency funds, then you should use the remaining funds for something that can generate more revenue for you, like investing them, or starting a business with it, because money kept idle, especially in fiat, tend to lose purchasing power over time, which means that if you have $1m right now, they might be worth only $100k after a few years based on its purchasing power.

So, we should say that funds that are kept apart from emergency funds and savings are basically kept for decaying, and they will decay over time.

[Cheema02]

Probably not because when you don't have money and you want to buy something, even a little money becomes valuable. If you have money, you won't value it, you will spend it blindly because you know that you can have a lot of luxury with it, whereas sometimes I feel that when I don't have a little money and I want that thing, I feel the value of money, so here it is only after spending wastefully that you need money when it is valuable. When you don't have one thing and you work hard for it, you will value it only when you don't get it, whereas if you have everything, you will not value anything. And you will enjoy your life, so the value is always either after losing it or not having it.

It's the nature of humans that when they have a shortage of anything, they know the worth of it; otherwise, they don't show any concern for it. The same case is here in the case of money. When individuals have unlimited wealth, then they doesn't care about it, but when he doesn't have enough money to meet his expenses, then he knows the worth of it. The same rule applies in every field and applies to things like happiness for friends etc, but the actual thing that should be noted is that we should first learn the value of things before they're lost With many, we assure financial stability, but it's not the responsibility for our happiness. That's why we should give preferences to that thinks we actually deserve attentions and should not be careless about any single and tiny things.

[TheUltraElite]

Locking money away in a bank is done with a reason, mostly to take advantage of the interest on deposit, which is abysmal at present considering the inflation.

However spending money and saving money are opposite things and the second one can be done with other types of investments as well, not just fixed deposits in banks. There are quite a few methods to invest in bonds, securities, real estate etc and there is bitcoin to be taken part in.

Traditional assets and crypto together can make a good portfolio and that is where the value lies in.

[Silverstonez]

Having money is good, it brings a differently compared with those that don’t have money. But I think there’s no difference between those the people that have money and lock it away in the bank, and those that don’t have money. A money lock away in a safe, without plans of making use of it, is of no value to you.
Those that spend the little they earned on things they need are actually the ones deriving the value of money. It is better you don’t have money than have money don’t use, that are sitting idle in the bank for years without being used.

What is your take on this?

You are actually making a point here, in some countries politicians keep large amounts of money in the bank.  Some even go as far as building warehouse to store their money, without realizing that they could be put into productive investments that could create employment opportunities, and improve people’s lives or contribute to the development of their communities. As for me, money is only valuable when it serves a purpose.

[uneng]

It is better you don’t have money than have money don’t use, that are sitting idle in the bank for years without being used.

I think you are talking about money collectors: people who treat money as collectibles. There aren't many of them, but they do exist. People who have been accumulating money as the final goal, without putting it into good use. It's like having the tools, but never using them to build anything.

And in the end, these people usually die without having enjoyed the money they had under their disposal. They leave everything for their heirs, or in some cases to nobody, because they don't have family. The heirs, in counterpart, tend to adopt the exactly opposite approach of the ancestor, spending the heritage compulsively until the last penny, until bankruptcy.

[Call_Me_Guru]

A money lock away in a safe, without plans of making use of it, is of no value to you.
What is your take on this?

That is exactly the worst thing anyone can do with money. Locking money somewhere will not only be useless to the person who locked it in there but will be useless to the economy. Locking money inside a bank is useful to the bank and will give you peanuts. Locking money at home or in a hidden place will not help the economy in any way, and not you that locked it either. That is a bad thing.

Money is valuable when you spend it. But better when you spend it in acquiring assets and properties, or doing business with it that helps the economy. By that, it employs labors and will bring returns to you.

That equation is a happy and healthy economy equation.

[Wahidcroposs]

Money is inextricably linked to every aspect of our lives. It is extremely difficult to navigate life without it. The true value of money is revealed only when it is spent. This means that money exists to fulfill the essential needs of human life such as healthcare, education, food, and shelter. Therefore, one should spend money judiciously and according to one's actual needs. It is also important to save for the future, so that these funds can be used when they are most needed.

[Richbased]

Having money is good, it brings a differently compared with those that don’t have money. But I think there’s no difference between those the people that have money and lock it away in the bank, and those that don’t have money. A money lock away in a safe, without plans of making use of it, is of no value to you.
Those that spend the little they earned on things they need are actually the ones deriving the value of money. It is better you don’t have money than have money don’t use, that are sitting idle in the bank for years without being used.

What is your take on this?

It depends on how much you locked, your financial capacity and if you have a steady cash flow. A lot of rich guys opened kiddies accounts for their children and locked a heavy amount of money inside because they want their children to grow up and use the money to better their lives. It is not bad to lock money as a kind of saving for the future but the only place it becomes bad is when you don't have enough but you are locking money in your bank, or when you lock a certain amount of money but you can't even feed yourself and your family. Locked money doesn't have value, but it helps for future plans and it also stands as aid when you lose your source of income or when you are not earning regularly anymore you can decide to use that money and start a business.

[GIF-JOBS]

Having money is good, it brings a differently compared with those that don’t have money. But I think there’s no difference between those the people that have money and lock it away in the bank, and those that don’t have money. A money lock away in a safe, without plans of making use of it, is of no value to you.
Those that spend the little they earned on things they need are actually the ones deriving the value of money. It is better you don’t have money than have money don’t use, that are sitting idle in the bank for years without being used.

What is your take on this?

Having money is valuable whether you use it or not. You have money in your bank or you have a box full of money but you are not using it for any purpose. Maybe many people do not consider this money important, especially the OP does not consider this money very important, but I think that if a person has money, whether it is in the box or in the bank, whether he uses that money in any way or not, I definitely think that his money has value because he can use his money in any way he wants, but the one who does not have any money cannot provide money in an instant if he wants because he really does not have any money, so having money is the most important thing whether it is used or not.

But I also think that if you just keep money sitting around, it becomes worthless over time and at a point its value decreases so much that it is no longer possible to do anything good with it. In fact, I also like the matter of using money more, if you have some funds, then instead of keeping it in the bank or in a box, use it in some investment, so that this money is used, and it creates more money for you. That is, you have to learn to make money with money and use it instead of sitting around. When a person is careful in these matters and is interested in investment or business related matters, then it can create better success for them and the real value of their money never decreases but rather it increases over time. In fact, it is more necessary for people to learn to manage their money properly, reduce unnecessary expenses, create a separate fund financially for emergencies and at the same time make an investment for the future.

[AmaGold70]

Keeping idle money in the bank for a long period of time makes no meaning, and it will end up depreciating in value instead of appreciating in value. If someone have idle money, the best thing to do is to invest it into assets, it could be gold , Bitcoin, ETFs to grow it in value over a long period of time. Furthermore, money is meant for spending, but you have to spend it wisely, while spending money ensure you have something, possibly an investment that yield that money for you, reckless spending can cause poverty no matter how much you have in your account, you can leave your money in an asset for long term, there is nothing wrong with that because it is for the purpose of financial freedom, but when you fear long term investment, and want to spend the money you have instead of investing long term, you are actually killing your dream of gaining financial freedom.

[Mr_Brilliant$]

Money that is just sitting at the bank has value just that it is a potential value since it's just sitting. It serves as many things for the person that just kept it ideal. I do believe that money that has been kept ideal by the owner knows why he or she did that. Most times it's like a shield. They know that whatever happens in their lifes, they always have backup. That alone gives peace of mind. That's the aim of most wealthy people, peace of mind. For that security part, just imagine they lost their jobs. That will serve as money to sustain them pending when they will get another job.

[Byebyebtc]

Having money is good, it brings a differently compared with those that don’t have money. But I think there’s no difference between those the people that have money and lock it away in the bank, and those that don’t have money.

There is confidence 

Peace of mind

Self worth etc

It doesn't matter if you have access to the money or not as long as you know you have that amount of money somewhere you are way different than the one who has non, saving money knowing that you can always spend it is actually a wise thing to do, if what you want is not necessary then you can't save money for what you will need tomorrow well finding ways to make more money, you just have to manage this life in whatever way you can to be comfortable

[BTC FutureKing]

Having money is good, it brings a differently compared with those that don’t have money. But I think there’s no difference between those the people that have money and lock it away in the bank, and those that don’t have money. A money lock away in a safe, without plans of making use of it, is of no value to you.
Those that spend the little they earned on things they need are actually the ones deriving the value of money. It is better you don’t have money than have money don’t use, that are sitting idle in the bank for years without being used.

What is your take on this?

It depends on how much you locked, your financial capacity and if you have a steady cash flow. A lot of rich guys opened kiddies accounts for their children and locked a heavy amount of money inside because they want their children to grow up and use the money to better their lives. It is not bad to lock money as a kind of saving for the future but the only place it becomes bad is when you don't have enough but you are locking money in your bank, or when you lock a certain amount of money but you can't even feed yourself and your family. Locked money doesn't have value, but it helps for future plans and it also stands as aid when you lose your source of income or when you are not earning regularly anymore you can decide to use that money and start a business.

Saving money is always a good habit because it helps a person to secure his future.We must save some part of our life for the future so that we can study in time have the money to do business or in any difficult situation.But while saving it is also important that we do not let our current management take over.If we do not have much money then nothing can happen to us even after saving our family money so our entire savings are not locked in the bank.It is better to first improve the financial situation of yourself and your family keep some money for the situation and then save according to your ability. Because the real wisdom is not how much money you have in the bank but to live your life with coins today and make your family better.