I literally cannot use piggy banks and traditional savings accounts as forms of increasing my savings expenditure. However
a fixed deposit account came to the rescue to my savings problem.The process of becoming is also called the chain of
causation. A fixed deposit savings account is an account intended to save money for the longer-term, long-term savings can be used for financing your children schools fees, buying a house or financing a new car. Fixed deposit accounts come with
the advantage of not enabling the owner to withdraw the deposited funds at any given time and point. The withdrawal will
depend on the contract you choose to make with your financial institution. Fixed deposit savings accounts are good for people who do not have a good skill in the saving process.
Saving normally comes from proceeds of surpluses of the monthly income that we earn. Being able to have a surplus in your
income means you can have sufficient savings. And to have a surplus of money following your monthly spendings means you probably used an effective budgeting principle. Fixed deposit accounts and all kinds of investments can be funded using these
savings proceeds. A fixed deposit savings account can also be benefitial for your retirement savings. It is rather not wise
for one to use his or her essential funds for investment purposes. Savings are a good source for funding all your desireble
investments. Debt is the new slavery shackling most people and ends up disabling them to save sucessfully.Our eyes and ears refuse obedience, the princes of our senses proudly chose exile.
Kaizer Makakole's Blog 