Contest: | Benefits of saving money | by @moazzamushtaq

I hope that you are all ok and enjoy the good life by the grace of Allah Almighty. I am here today for participating in the amazing contest which is organised by the @cryptoloover in hot news community. The tittle of the contest is Benefits of saving money. So let's start without any more delay of time;

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What do you think about saving money for future use?

Saving money is one of the essential espect of making wealth and also having a secure financial future. It protects our future financialy. Saving money gives you a way out of the challenges of life and provides you with an opportunity to spend a quality life.

Putting a some of money aside in a organized manner can help you for managing many hurdles and obstacles in life. It can support us in our hour of need and ensure that our family has something for spending on in case of an unfortunate event. There are many reasons to save money and also several ways to save with ease.

Do you also save money? What ways you have adopted to save money?

No , nowadays I'm not doing this. However abouy 5 years ago when i studied in school i had to save money because my mother asked me for doing this. I had a closed wooden box in which i put some money on daily basis. And after a year when i opened that saving box , i had saved much rupees. As i was a child that's why i used that saved money in fulfilling my desires as buying clothes and toys and many other like this. That was a very wonderful time of my life.

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What are different ways that was used to save money in past?

There are many ways which were used in past to save money some of them are described here:

● Buying land and properties: This was very common way for saving money. Rich people used this method . They bought some properties or some commercial plot in less money and sold when it's price increased. This way is also using in these days.

● Bush : This was one of the popular ways to save money in the past. People hid their money and valuables in the bush.

● Gold : Another way people saved money was by buying gold. Gold was considered one of the most valuable sources of wealth.And also it's price had increased much nowadays.

● Ajo : The concept of ajo started way back in time.People contribute in Ajo collectively.At the end of the saving cycle, one person takes the money and it continues until everyone has had a turn.

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Conclusion

So friends this is all about my today post. Many ways were used in past for saving money. It was a very interesting topic choosed by @cryptoloover because we should be aware the benefits of saving money. It is the best way to manage our unfortunate time financially.

_{I invite @isha46, @uzma4882 and @sohel57 to participate in the contest}

Thanks

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Regards

@moazzamushtaq