Finally!!!
I have been refreshing this page in the last 3 hours.
I have a friend whom I tried to encourage to save. Ha! My friend swore for me because she kept telling me that she doesn't earn enough and that she will start saving when she starts earning more money.
One of the few times she saved with me, she was able to keep up for two months and then one morning she came up with a good story and got it back before the due date. ..
The next time she wanted to save again, I had to choose the fixed deposit for her money. And I clearly told her it's locked up until the due date. And to make her not feel bad about not accessing it when she needs it, I told her that she will have more by the end. That's because the saving scheme I used gave 20% interest rates.
Yes, banks use various schemes to take advantage of the money people save to make money. And oddly, it's because of impulsive buying that makes us spend recklessly.
Piggy boxes were great for us because you didn't get to use the money unless you had it broken.
Saving with our parents wasn't welcomed after a while though because mums for instance will often say, the food we ate is the from the money we were saving with them 😂
Yeah I have been trying to get the video to upload, so it took almost 3 hours.
As for your friend, people establish saving goals only to break them give to the slightest of financial provocations. This is because deep down we all want to save comfortably without any sort of issues challenging us. But we all know that the only way to save very well is to actually established discipline. Your friend is always coming back to take her money because she has not allowed her mind to save as much as she actually wants to. This is why people actually choose third parties just like your friend did with you because no one trust themselves when it comes to keeping their money.
Telling her about the 20% and hbd is also very good. Even sitting with hbd comes with decentralized accessibility so unless somebody is disciplined within themselves it will be difficult to establish savings Goal within themselves.
The actually were great, I had some while growing up. In as much as they really did not amount to anything, as kids we loved the training and education that came with it.
No, this wasn't HBD because HBD isn't fixed. You can take it out in 3 days... Lol.
Ouch! Sorry about that.
Last week I missed some of your posts because we did not have power supply for some days. This week, I am hoping I wouldn't have any reason to miss them... So I am trying to start on a good foot 🙈
Definitely. The training was worth it although there weren't interest and inflation could have done us bad.
I personally do not trust my friend with her own money. She has this saving demeanor (I have forgotten the words used to describe people who save others even when they need help themselves and do so frequently without control). I don't blame her though, there was a time I lived like that but now, my eyes have opened but there are a few remnants 😅