| json_metadata | "{"app":"musing/1.1","appTags":["money"],"appCategory":"money","appTitle":"Is the bank the safest place for saving money?","appBody":"<p>Yes! Banks are the safest place to save money. Why I have come up with this contribution is that when we keep our money at home it is unsafe as we can easily be robbed or we ourselves might decide to spend the money lavishly.</p><p>But if we save our money in the bank, we think twice before going to the bank to withdraw it or going to the ATM to do so. </p><p>Before we save money in a bank, we have to consider if the particular bank we are banking with have what it takes to save with them. Reason is most are likely to go bankrupt as a result of lack of financial potential. </p><p>In my country, a list of Banks that have been approved to have the banking licence are always published. So before a bank makes this list, such a bank has to have a certain amount of money so as to ensure that investors are on the safe side. </p><p>Another thing is that there is a big difference between a microfinance bank and a standard bank. So I prefer saving my money in a standard bank than a microfinance bank as a microfinance bank is capable of going bankrupt at anytime. </p><p>To me, bank is still the safest place one can save money. </p><p>Thank you. </p>","appDepth":2,"appParentPermlink":"p3yz56uaq","appParentAuthor":"ijoel","musingAppId":"aU2p3C3a8N","musingAppVersion":"1.1","musingPostType":"answer"}" |
|---|
hiveblocks