14. Swabeng Dilemma: Your Money in Banks

Banks are establishments that keep safe your money while it earns interest (depending on what type of account you'll open with them). You can also lend money from them and pay them back at an interest. Sounds interesting right?

When I was young, my Parents taught me how to save money on banks. I think, I was 10 or 11 years old when I first open my first savings account. I was really excited that time my dad opened an account for me. The texture of the passbook makes me want to save money back then.


My wife is also an advocate of banks. Whenever she can, she usually puts her money in banks where she can easily withdraw anytime of the day.

Over the years, I noticed that the longer my money is in the bank, the less chance it earns for me. Did you notice it too? I'm sure you do!

Please, share your thoughts on the comment section on Banking and how it has affect your financial life.