Most people have resolved to save more money at one time or another in their lives, but their resolutions seldom lead to action. Maybe you have experienced this yourself? I know I have.
“Paper money eventually returns to its intrinsic value – zero.” (Voltaire, 1694-1778)
Without a plan, it's tough to save. The best saving plans, the plans most likely to succeed, automate the savings process. Perhaps even more importantly, a good savings plan should keep your funds safe from the threats of hyperinflation, currency devaluation, and bank failure.
After all, what is the point of saving your money, if there is nothing in it for you? What's the point of saving for a downpayment on a home, or for your retirement if the funds saved end up in someone else's pocket? And, what's the point saving paper currency, if hyperinflation reduces paper currency to its real value- the value of paper and ink.
After all, what is the point of saving your money, if there is nothing in it for you? What's the point of saving for a downpayment on a home, or for your retirement if the funds saved end up in someone else's pocket? And, what's the point saving paper currency, if hyperinflation reduces paper currency to its real value- the value of paper and ink.