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The Negative Effects Of The New Naira Notes - Politics - Nairaland

Nairaland ForumNairaland GeneralPoliticsThe Negative Effects Of The New Naira Notes (1044 Views)

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The Negative Effects Of The New Naira Notes by shortgun(op): 5:29pm On Dec 15, 2022
I've been saving money to buy a good land in Abuja in this my safe box since last year.

Because of the naira redesign policy I have to break the box in order to deposit d money in the bank and beat the deadline.

Now, the problem is since broke the box,counted the money and deposited it in the bank I've been spending the money recklessly, sending money to anyone that asks, buying stuffs cos of the ease and availability.
Now, my hopes of buying a land close to Aso villa will have to wait a little longer cos of naira redesign.

Re: The Negative Effects Of The New Naira Notes by Nobody: 5:31pm On Dec 15, 2022
cool

Wetin concern us with your inability to manage funds undecided undecided undecided
Re: The Negative Effects Of The New Naira Notes by Abfinest007(m): 5:36pm On Dec 15, 2022
Careless with funds
Re: The Negative Effects Of The New Naira Notes by shortgun(op): 5:42pm On Dec 15, 2022
Abfinest007:
Careless with funds
I am not careless, if the money had been in the safe box it would have been safer than the bank.
Re: The Negative Effects Of The New Naira Notes by Okoroawusa: 5:45pm On Dec 15, 2022
You lack financial discipline
Re: The Negative Effects Of The New Naira Notes by jmoore(m): 6:25pm On Dec 15, 2022
shortgun:
I've been saving money to buy a good land in Abuja in this my safe box since last year.

Because of the naira redesign policy I have to break the box in order to deposit d money in the bank and beat the deadline.

Now, the problem is since broke the box,counted the money and deposited it in the bank I've been spending the money recklessly, sending money to anyone that asks, buying stuffs cos of the ease and availability.
Now, my hopes of buying a land close to Aso villa will have to wait a little longer cos of naira redesign.
What happened to fixed deposit, etc?

Financial illiteracy is the problem, not naira redesign.
Re: The Negative Effects Of The New Naira Notes by BigSarah(f): 6:32pm On Dec 15, 2022
Use cowry rise or piggyvest.

But the bad part is you'll know exactly how much you've saved whenever you open the app, which might demoralize you or motivate you to save
Re: The Negative Effects Of The New Naira Notes by shortgun(op): 7:40pm On Dec 15, 2022
BigSarah:
Use cowry rise or piggyvest.

But the bad part is you'll know exactly how much you've saved whenever you open the app, which might demoralize you or motivate you to save
This is my problem.... Saving in all these other means will make me know the amount saved, then will make me want to spend out of it..
Re: The Negative Effects Of The New Naira Notes by shortgun(op): 8:49pm On Dec 15, 2022
jmoore:
What happened to fixed deposit, etc?

Financial illiteracy is the problem, not naira redesign.
You talking about fixed deposit like you know what you saying....
Show me any bank that you can't break your fixed deposit whenever you want before maturity...the worst they'll do is make you pay some penalty.
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