Maxymilliano:
I serious need to imbibe this ...

BluntTheApostle:


Your economics is poor.

What is the use of his saving?

All the values of the money he has been saving have been halved or quartered by soaring inflation.

You should know when to save, and when not to.

It is not profitable for our government to save now because inflation will render it useless. Imagine saving 200k this month, and having its value halved the next month.

It is like putting an item in your cart on Jumia.com. This month, the item was 50k. You had 50k this month, but decided to save it. By next month, the 50k you saved is still 50k in value, but the item you saved in your cart might have become 55k or even 60k. That means your 50k of last month has lost value.

While highly profitable investment is always high risk, it is a better way to protect against inflation than saving money.

braveheart77:


Those are management fees really and its normal to get normal charges.

This nigga paid 15k for his own management fee, will gtb charge up to that? Also he is without insurance and risks huge loss. There’s also opportunity cost being interest lost on investment.

Savings is good but investment is better.

emmanuelbrown26:

Yeah, u are right, but remember, what we are talking about here is savings not investment. U can't invest without having savings

Perfectman91:
How can you buy kolo for 15,000. Are you okay?

Ishilove:

Oga Gazzuzz, what is turn eba doing in the picture? Is that what you used to count the money?

It is there for security reasons

credon:

But wait, did you use insecticides or pesticides on the money to prevent fungi and paper eating moth, or even termite from dealing with it

I live indoors not outdoors (jungle lalastic lala tins)

obembet:
Make-up and data has finished my Data... I think I need Good bf that will talk to my sense now.


Am not doing BIGO LIVE again

flexlatifa:
Money that u would have invested u are saving. Abi u no dey hear say naira dey fall every day??

youngsahito:
ow can I get this kind of kolo?

SocialJustice:
Get the PiggyVest app, you can save electronically there plus this one.

caracas:

Oga is it the 1,1k he saves, you expect him to invest? How can you invest without bulk money? N how would you get bulk money if you don't save? Pls savings n investments are two different things, both of them are good and they compliment each other, so stop the comparisons

obembet:
Make-up and data has finished my Data... I think I need Good bf that will talk to my sense now.


Am not doing BIGO LIVE again

QuickStandard:
I get charges of more than 15k a month. So I doubt your assertion

Princeadebayo11:

You don't get the point, if you are using the account for savings, there won't be withdraw changes, you won't transfer, you won't recharge and no ATM charges. I was dumped 1,000 with GTB for almost 2 years and my money was still intact when I went to update my account

QuickStandard:
I get charges of more than 15k a month. So I doubt your assertion

GAZZUZZ:
[color=#550000]In January I bought the kolo box , I was motivated by stories I had read online after opening to find some HUGE savings

So I followed suite, can't remember but Im guessing I bought the box ₦15,000 and I started .

When I close I put all my 1k change into the box, these days every one run cashless transactions, so there were weeks I would literarily have nothing to put inside sha.

Dec is here , could not wait till 31st make i see how much i don cover.

To count curled up money no easy o! Took over 1hr but finally counting could begin


Final count ₦257,000 actually ₦258,000 my baby was helping to count and Japan with 1k

This is how I opened it.

Money is now with madam, will reseal box in the office and continue till 2022 Dec in Jesus name, insha Allah.

Thanks for reading

GAZZUZZ:


Life nor to serious like that. This one nah change from.pocket after coming home.

That pigyvest no work with semi ipob like me. We use money to make money.

GAZZUZZ:


It is there for security reasons

Ishilove:
I think I need this mykolo in my life. Seriously

SocialJustice:
Get the PiggyVest app, you can save electronically there plus this one.

NovesaTillie:
The best bank. No SMS alert charges No card maintenance charges No AC allowance charges Just you and rat and your money

Magnoliaa:


Me too. I am really going to start in January. I helped a friend count hers too. Saved about #50,000 naira... I don't know when she started, though, but it definitely hasn't been up to a year when she started and broke it.

It's really good. If you don't have any cash at hand, you're literally 'handicapped' and cannot break the kolo, to be spending anyhow.

GAZZUZZ:
[color=#550000]In January I bought the kolo box , I was motivated by stories I had read online after opening to find some HUGE savings

So I followed suite, can't remember but Im guessing I bought the box ₦15,000 and I started .

When I close I put all my 1k change into the box, these days every one run cashless transactions, so there were weeks I would literarily have nothing to put inside sha.

Dec is here , could not wait till 31st make i see how much i don cover.

To count curled up money no easy o! Took over 1hr but finally counting could begin


Final count ₦257,000 actually ₦258,000 my baby was helping to count and Japan with 1k

This is how I opened it.

Money is now with madam, will reseal box in the office and continue till 2022 Dec in Jesus name, insha Allah.

Thanks for reading

QuickStandard:
I get charges of more than 15k a month. So I doubt your assertion

BluntTheApostle:


You can invest without having personal savings such as the one you put in piggy banks (kolo).

If we all save, there would be deflation. At this time, government should be spending, not saving. As long as they are borrowing responsibly, it is better than saving.

And if they can fight insecurity, especially in Borno (a viable food source), and lower the cost of petrol, then we can fight off food inflation. And to do all these things, we need to borrow. We just need to borrow.

bjtinz:


Easy.