Are you Good at Savings? 🙄

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Saving is no doubt one of the best habits one can develope to reap rewards in the long-term. While for Many of us it's an important part of our lifestyle but many people find it difficult to make their way into savings or find hard to be consistent in it.

Savings does not have to be exclusively for a emergency or premeditated plans. Savings can be an alternative to building a passive income from our own income. Sometimes we do come across many investments opportunities but not everyone is able to jump the boat on right time. That's where having a savings fund come into us.

Savings doesn't have to be limited to fiat currency or having a savings account in the bank. I am not aware of global bank interest rates but in India Banks give 4% interest rate in the savings account and honestly it is nothing compared to more than 10% increase in inflation every year. So gone are the days when you could have considered having extra cash in your savings account as potential growth of your savings funds.

Luckily HBD Savings on Hive gives 10% interest and that's absolutely amazing, no to forget how strongly HBD price has stabilized lately. It's definitely an excellent savings opportunity.

Then comes savings the old way that is Gold, all time favorite investments and definitely a valuable asset, also now we don't have to buy physical gold, there are various digital gold investment options available.

Also many people consider their cryptocurrencies as savings but that being too volatile should be better viewed as a hot investment, not savings. Savings should be a means to ease to access and almost no risk of loss.

Savings can be started with any amount, any time, don't wait for something special or big opportunity. Because if you save even a cent today that will be worth more than a dollar in future. I personally feel savings definitely teaches us Patience, Financial knowledge and a better investor for sure.

So, How good are you at saving? If you had not started saving till now, wait no more, start your saving habit from Hive and let it flow into your lifestyle.

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