Steem4nigeria Accelerator Contest Week 38: Savings and Spending

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Hello friends

It's a good year to save and spend, isn't it?

What is your definition for savings and Spending?

Savings and Spending has formed a great part of our lives. And from my opinion, savings it's an action we take to reserve a part of all of our money with the plan of using it later for a mapped out target or goal.

We can decide to save our money in the traditional bank, convert to cryptocurrency and keep it in a wallet, we can decide to save it in a small box at home. Which ever way you choose to save, it's good!!

While spending is the action of using the money to buy or solve a problem. There are are so many needs that arise in our lives making us to spend money.

We spend on several things like school fees, accommodation, taxes, electricity bills, water bills, internet bills, fuel bills, transportation bills, clothing, feeding and many other things.

Presently with the state of inflation, have you been able to practice the action of savings? If yes, tell us how and if no tell us why

It's no longer news that the inflation in my country is terrible, this has made the standard of living to go higher than usual.

So far yes I have been able to save because there are so many things to do in a short time. I try as much as possible to save a portion of income as it enters my hand.

I know the importance of savings so no matter how little the money I set aside ,am grateful that am able to save it.

What is the place of steemit to your savings culture? Has steemit help in your spending or savings?

Each day I wake up, am always grateful for steemit. So far steemit has contributed greatly to my savings and spending since 2021.

Steemit has help me save and developed my savings culture. I remembered when the club status initiative was introduced, it looked so hard initially for me but later on I adapted so well and today I have been able to save through been in club5050 with entails saving 50% of my earnings.

Most of the purchases I make which we call spending is gotten from steemit. Steemit has helped me solve 70% of my financial challenges and am grateful for it.

Thus far this year, is your financial target been achieved? How have you been going about it.

So far this year I would say my financial targets are been achieved. I see my self take up projects especially the ones that has to do with so much money and I accomplish it.

Financial targets that I thought were impossible for me to meet has been met this year and all thanks to steemit.

Let me invite my friends to take part in this contest @sahmie @hisgeneral @avira123